AUD Exchange Rate
The Australian Dollar is one of the most traded currencies in the world. The currency’s popularity has risen in recent years due to Australia’s relatively high interest rates, and stable economy which makes it an appealing place for investors and traders. The currency is often referred to as the ‘Aussie’ by foreign exchange traders.
The currency also benefits from the relative freedom of the foreign exchange market from government influence and the country’s relatively safe global location and political stability. Another great advantage Australia has is its location near the burgeoning economies of India,China,Japan and Korea. When those nations are growing and doing well then Australia feels the benefits.
The country also benefits from its close ties with the UK and its membership of the Commonwealth of Nations.
The country provides much needed raw materials to Asia which in turn provides the land down under with a steady stream of revenue.
Australia itself is one of the most sparsely populated countries on Earth having less than people for every square mile, making it an attractive location for people looking to escape the crowded places of the world. The nation’s 22 million people are concentrated mostly on the continents East coast in the major cities of Melbourne, Sydney, Canberra and Brisbane. The country is surrounded by the pacific and Indian oceans and home to nature’s greatest underwater sight, the Great Barrier Reef. Its size means that Australia is home to a diverse set of landscapes, ranging from rainforests and mountains to deserts. It is also home to iconic animals such as the kangaroo and koala bear not to mention a large array of other creatures.
The country is a popular location for adventurers and gap year students due to its vast size, and its tourist friendly reputation. Many Britons see Australia as the ideal place to relocate to due the countries warm climate and perpetual BBQ weather which is why the country is one of the most popular destinations for expats and one of the most popular places for foreign exchange transfers from the UK.
To exchange funds to Australian Dollars please call 01455 897 874 or order online.