Over the past four months the strengthening of the Australian Dollar against major global currencies has exceeded the expectations of most analysts. During mid-April the AUD hit 22 month highs against both the GBP and USD. However, recent inflation data released by the Australian Bureau of Statistics (ABS) has forced many to question whether the bull-run […]
The AUD built on the gains made against the Pound from previous weeks. Traders needing to buy GBP on 14 April would have done so at a year high rate of 0.541. This represents a gain of close to 20% from the year low in early September. A number of analyst’s attributed the continued weakening of […]
Importers breathed a sigh of relief this week as the AUD continued to strengthen against all major currencies. Trading last week saw the AUD reach a six month high against the USD as the Aussie Dollar broke through the 0.750 mark. The jump saw businesses making AUD – USD payments pay 10% less than they […]
The SA Reserve Bank is monitoring international payments entering South Africa in an effort to combat money laundering. This reporting has slowed down payments; as a result, 1st Contact’s one working day service has been affected.