AUD/USD Currency Exposure

The Australian dollar has recovered from losses suffered after the bombings in Brussels.

At 7am (AEDT), the local unit was trading at US76.23 cents, up from US75.74 cents yesterday.

Initially the Aussie dollar fell sharply, below US75.60 cents, late last night as news of the terror attacks hit markets

The Australian dollar normally performs quite poorly with an event considered to be quite risk-averse for markets, the currency had since recovered as the market settled down.  It’s managed to climb all the way back to where it was trading just before those headlines from Europe came out last evening.

Perhaps now is the time to reduce your currency exposure risk.  TransferMate can assist with our variable flexible spot option.  Whilst the dollar is trading well you can lock in at today's exchange rate for your future payments. We work as closely as possible to market rates with lower transfer fees, also offering software integration to reduce data entry

If you would like some further information, or to chat with us on any of our services please contact me on [email protected]