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Justin Rampono
Articles written by Justin Rampono
The Australian Dollar rises above 75 cents as inflation increases
The AUD to USD exchange rate rose above 75 cents for only the second time since the end of July. At 12:50pm, the CPI or inflation data was released. It showed that prices in Australia are rising faster than previously forecasted. Here are some of the key points: Consumer prices rose 0.8 per cent during the September quarter (July, August and September). Prices are 3% higher than a year earlier. The increase was largely because of fuel which increased 7.1% and rising house prices which increased 3.3%. Interest rates are one of the big drivers of Australian dollar. Right […]
Heading to Japan? The AUD to JPY just hit a 3 year high
This week, the AUD to JPY exchange rate has risen to its highest level in over 3 years. It has been a tale of 2 stories. Firstly, the Australian dollar has been getting stronger against many major currencies. Secondly, and more importantly, the Japanese Yen has been much weaker. This means that it is now one of the best times to buy Japanese Yen with Australian Dollars in 2021. The Japanese yen has fallen in recent weeks, not just against the Australian dollar but against most other major currencies like the US dollar and Euro. Higher energy prices have driven […]
Why the Australian dollar is so weak against these major currencies
In the past 12 months, the Australian dollar has been sent lower against US dollar, New Zealand dollar and the British pound. The exchange rate is also slightly down against the Japan yen and Euro. It’s largely because of two large influences over the Australia dollar – interest rates and commodity prices. The strength or weakness of the Australian dollar exchange rate is also impacted by the value of the other currency. For example, if the US dollar gets stronger in its own right, then all other things being equal, the Australian dollar will weaken and the AUD to […]
When is the Best Time to Exchange AUD to NZD?
In the last 12 months, the best time to exchange AUD to NZD, was on June 30, 2024 when the AUD/NZD exchange rate reached 1.1148 compared with the current rate of . In contrast, the worst time was on February 24, 2024 when it plunged to 1.0579. Is it a good time to buy NZ dollars? While it’s nearly impossible to time the market perfectly, if you are travelling to New Zealand and need to buy NZ dollars, a higher AUD/NZD exchange rate is better for you. It means that you will receive more NZ dollars to spend for each […]
When is the Best Time to Exchange AUD to Yen?
The best time to exchange AUD to Yen in the last 12 months was on July 11, 2024. This is because the AUD/JPY hit 109.10. The same applies to anyone transferring money to Japan. In contrast, the worst time in the past year was only a few weeks after the peak on August 5, 2024. The same rate bottomed out at 91.46 compared with the current rate of . Is it a good time to buy Japanese Yen? While it’s nearly impossible to time the market perfectly, if you are travelling to Tokyo or heading up to the […]
How Much Spending Money You’ll Need in NZ for 1, 2 or 4 weeks
New Zealand is renowned for its adventurous holidays, from ski packages in Queenstown to cruises through Milford Sound. With options like bungee jumping, glacier hiking, snowboarding, and skydiving available, it’s hard to know exactly how much money you’ll need to appreciate the full Kiwi experience. Calculating your budget for an epic New Zealand holiday involves thinking about: The kind of activities you intend to do. How much cross-country travelling you’ll do. Your preferred style of travelling (are you after the luxury experience or the classic New Zealand backpacking experience) How long your journey will take. The currency for New Zealand […]
