AUD Currency Update over last 12 months V SGD, GBP, AED
Thank you International Currency Specialist, Ian Cragg, from Send for your update on the Australian Dollar and how it performed against the SGD, GBP and AED.
AUD V SGD has fallen by -11% since April 2022 and has struggled to reach 0.94c over the past 6 months.
Typically the currency pairing has regularly enjoyed hovering around parity. However, the lows at the moment of 0.89c that we are currently experiencing are a far cry from the $1.05 we witnessed in August 2021.
AUD V GBP has remained relatively stable over the past 12 months. However, it has had a nose dive since the turn of the year.
A$1 is currently buying 0.54 GBP compared to 0.57 GBP in January and 0.60 GBP in September 2022.
AUD V AED has bounced back over the last 6 months, despite still being almost -9% over the past year.
In April 2022, A$1 was trading at 2.73 AED. However, six months later, it dropped to just 2.27 AED. A resurgence has, however, seen the Aussie rally back to 2.49 in April this year.
If you have any intentional currency transfers to facilitate over the coming s months, to and from Australia for reasons such as tax returns, property purchases, mortgage payments or share sales, please contact Ian Cragg, Co-founder at currency specialists Send Payments.
+61 4999 88 497
Please note, that due to regulatory reasons outside of their control, Send Payments cannot provide services to residents within the UAE.
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