Wednesday, November 26, 2008

Australian Dollar falls than goes up and than goes down than it goes up


Hi All

Australian Dollar falls, than goes up and then goes down, then it goes up and i am now getting very confused!!!

Today the pounds to Australian dollar rate opened at 2.3800 than went down to 2.3500 before going back up to 2.3900 before ending at 2.3300. This is getting very confusing and messy and show the importance of using limit orders to achieve the best exchange rates. today were buying Australian dollars at 2.3850 for a client which saved the client £3,459.12 or almost 2% just on the exchange rate alone.

So if you are migrating to Australia or just an expat looking for the best Australian dollar rate give us a call + 207 183 2790

Bye For Now

Barbara Rockefeller
Foreign Exchange Trading
Forex Trading Reports - Click for a free trial

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