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Best time to exchange pounds for Australian dollars in almost 3 weeks

25.03.2013

Peter Lavelle

Welcome to Pure FX's latest update of the pound to Australian dollar exchange rate.

Sterling flies!

It's the best time to exchange pounds for Australian dollars in almost 3 weeks this week, or since the 7th March, as the pound hits 1.466.

To put this into context, sterling was as low as 1.4381 on the 12th March. Hence, it's since climbed +1.94%, or almost 3 cents.

A £250,000 transfer would hence be worth $6,795 more today than 12th March.

(Please bear in mind, 1.466 is the interbank rate at the time of writing. This means the exchange rate may have changed since then.)

Pound may struggle to rise higher against the Australian dollar

Looking ahead, I think the pound may struggle to rise higher against the Australian dollar. This is because:

1. The pound may soon fall, as data this week is expected to confirm the UK shrank -0.3% at the end of last year.

2. Sterling could soon come under pressure, as credit rating agency Fitch puts the UK on 'Negative' outlook.

Therefore, this may be the best pound to Australian dollar exchange rate available for the moment!

Find out what may happen next to the exchange rate

Get in touch at foreign exchange specialist Pure FX, and we'll tell you what we think will happen next to the pound to Australian dollar exchange rate.

Our expert currency dealers would be delighted to give you their exchange rate forecast.

Yours kindly,

Peter

Peter Lavelle

Pure FX

http://www.purefx.co.uk

+44 (0) 1494 671800

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Australian Dollar Exchange Rate Update - 18th March 2013

Australian Dollar Exchange Rate Update - 18th March 2013

18.03.2013
Peter Lavelle

Welcome to the Pure FX update of the Australian dollar exchange rate.

This week:

The Australian dollar hit a 6-week high against the US dollar, at 1.0415.
The Australian dollar hit a 9-week high against the euro, at 0.8019.
The UK pound hit a 1-week high against the Australian dollar, at 1.4625.

(Please bear in mind, these are the interbank rates at the time of writing. This means the exchange rate may have changed since then.)

The Aussie is on top!

30.5.2012

Changes to General Skilled Migration, Employer Sponsored, Business Skills Visas and Introduction of SkillSelect

The following is article source is from notes taken by the author whilst attending the DIAC Melbourne Skilled Migration Seminar scheduled on 29^th May 2012. All copyright, along with all other content on this website, is reserved by Neo Phoenix Pty Ltd and no part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means without the prior written permission of the author.

DIAC has released a once in a generation legislative changes that will affect General Skilled Migration (GSM), the former Business Skills Program and Employer Sponsored visas.

Broadly speaking, the legislative amendments include:

Studying in Australia after July 2010

Obviously the legislative changes in relation to the new Skilled Occupation List (SOL) for General Skilled Migration (GSM) purposes has had and will continue to have far reaching consequences in terms of the Student Visa Program numbers.

In the past, some overseas students may have made educational decisions on the basis of choosing a course which could lead to obtaining a Pre Application Skills Assessment (PASA) in an occupation which would allow them to meet the Basic Requirements and Pass Mark for the Skilled Visa Points Test. It increasingly became evident that educational choice and outcomes had little to do with employment outcomes. The move to a demand driven GSM program has significantly changed the landscape.