• Australia
    • Moving to Australia Process
    • Become an Australian PR and Citizen
    • Australian Age Pension and Benefits
    • Buying a house in Australia
    • First Home Owners Grant
    • Having a baby in Australia
    • Which city to move to in Australia
    • Pre-schools and Kindergartens
    • Schools in Australia
    • Driving and Licences in Australia
    • Moving to Adelaide (SA)
    • Moving to Canberra (ACT)
    • Moving to the Gold Coast (QLD)
    • Moving to New South Wales
    • Moving to Sydney (NSW)
    • Moving to Tasmania
    • Moving to Victoria
    • Moving to Melbourne (VIC)
    • Moving to Perth (WA)
  • Health
    • Australian Health Care System
    • Private Health Insurance
    • Medicare Australia
    • Having a baby in Australia
    • Australian Age Pension and Benefits
  • Jobs
    • Jobs in Australia
    • Australian Tax
    • NZ Student Loan?
    • Increase Your Success in the OZ Job Market
    • Things you shouldn’t put on your resume
  • Money
    • Everything Money
    • Open an Australian Bank Account
    • Foreign Exchange/Money Transfer
    • Compare FX Companies
    • XE vs OFX (NZForex)!
    • OFX Global Money Transfers (NZForex)
    • XE Money Transfer
    • Currency Converter
    • Australian Tax
    • NZ Student Loan?
    • Buying a house in Australia
    • First Home Owners Grant
    • Australian Age Pension and Benefits
  • Moving
    • Moving Company to Australia
    • Ausmove Reviews
    • International Pet Transport
    • Moving to Australia Checklist
    • Moving to Australia Process
  • Real Estate
    • Australian Real Estate
    • Buying a house in Australia
    • First Home Owners Grant
    • New Utility Connection Service
  • Visas
    • Australian Visa
    • Become an Australian PR and Citizen
    • SCV Visa Exclusions
    • Criminal Conviction?
    • Moving to Australia FAQ
Moving to Australia

Navigating Market Volatility in 2019

Foreign Exchange – 2018 in review

2018 proved a challenging year for both the Aussie and Kiwi dollars as they both produced multi-year lows, AUDUSD retreating ~10% whilst NZDUSD faced calmer headwinds, falling ~6%.

It proved a solid year for the Kiwi dollar against its Aussie cousin, as the ongoing US x China trade rift had a more profound downside effect on the Aussie dollar, NZDAUD ending the year ~5% higher and poised for further gains in early 2019.

Back in early October, the Brexit news flow was glowingly positive – proclaiming that a deal was imminent. Five months on and Theresa May’s debacle continues to unfold with NZD and AUD sitting ~7% and ~3% higher from the October lows and braced to track higher should no deal be reached over the coming 6 weeks.

XE - GBP - AUSDollar
The GBP/AUD rate has moved between a range of 1.59 and 1.87. A distinct uptrend has occurred over the past two years with weak demand for Iron ore and a falling property market weighing on the AUD.
XE - GBP - NewZealand
The GPP/NZD rate has fluctuated 17% over the past two years, with a range between 1.73 and 2.04. Uncertainty over Brexit has been a major driver of the movements and we expect volatility to continue.

Current key themes

1. US-China trade talks | Markets are expecting progress this week, either a reduction, delay or removal of tariffs
2. BREXIT | The outlook is till very uncertain, odds growing of a second referendum or hard BREXIT.
3. The RBA | Have recently shifted to a neutral stance meaning that rate cuts could be occurring later 2019
4. The RBNZ | Confirmed last week that rates are on hold and cuts not on in play for the time being
5. NZDAUD | The Kiwi continues to march higher against its antipodean cousin with likely further topside as Aussie house prices continue to fall.

What you can do

The market forecast above highlights the importance in having a plan in place for navigating and protecting yourself from currency risk in the year ahead.

Similar to a business’ foreign currency policy which provides them with a strategy as to how they manage their currency requirements, you too should have a plan in place if you have a need for a high value transaction this year.

The team at XE will be your eyes and ears in the market and will be able to provide you with advice to navigate any currency risk on the horizon.

We have a range of products designed to help you mitigate your currency risk, including:

  • Market Orders help protect against any adverse negative movements in the market
  • A Forward Exchange Contract (FEC) allows you to lock in today’s rate for a future settlement in the next 12 months
  • A currency option gives you the ability, but not the obligation, to sell your currency at a desired future date with an upfront premium
  • Whatever your needs or situation, feel free to get in touch with the team at XE to discuss the best approach to your foreign currency needs.
XE International Money Transfer
Marcus Phillips XE Money Transfer
Marcus Phillips
Director of Affiliates & Partnerships Australasia
Website: https://xe.com/

 

Moving Company to Australia/Open an Australian Bank Account/XE Money Transfer – connecting the world through foreign exchange

You Might Also Like...


Pfizer vaccine approved for use in Australia

South Australia Opening Borders to Sydney

Sydneysiders ‘on track’ to be allowed into SA as early as Sunday

Travel Bubble Suspended for 72 Hours

Australia suspends travel bubble with NZ for at least 72 hours

Australia borders reopening

Australia borders reopening

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

About MTA Editor

Moving to Australia Editor

Hi… I’m JJ Smith.

I’m the creator and editor of Moving to Australia and have been for 10 years! I know everything there is to know about New Zealanders moving their families and life to Australia. Either from first hand experiences and research or through the questions from visitors to this website… and I’m here to help!
Continue Reading

Join Our Monthly Newsletter

Please wait...

Thank you for subscribing!

Categories
  • Blog
  • Destinations
  • Driving and Licences
  • Health
  • Jobs
  • Money
  • Moving
  • MTA Info
  • Must Have Services
  • News
  • Real Estate
  • Schools
  • Visas
Recent Posts
  • Pfizer vaccine approved for use in Australia
  • Sydneysiders ‘on track’ to be allowed into SA as early as Sunday
  • Australia suspends travel bubble with NZ for at least 72 hours
  • Australia borders reopening
  • Moving to Australia? Guide to everything you need to know
Connect
Help Others

Share your experiences with other kiwis planning the move to Australia.

Email any advice, tips and experiences to help@movingtoaustralia.co.nz.

Connect

Blog Categories

  • Blog
  • Destinations
  • Driving and Licences
  • Health
  • Jobs
  • Money
  • Moving
  • MTA Info
  • Must Have Services
  • News
  • Real Estate
  • Schools
  • Visas

Latest Posts

  • Pfizer vaccine approved for use in Australia

    by
    JJ Smith
    , on
    Jan 25, 2021
  • South Australia Opening Borders to Sydney

    Sydneysiders ‘on track’ to be allowed into SA as early as Sunday

    by
    JJ Smith
    , on
    Jan 25, 2021
  • Travel Bubble Suspended for 72 Hours

    Australia suspends travel bubble with NZ for at least 72 hours

    by
    JJ Smith
    , on
    Jan 25, 2021
  • Australia borders reopening

    Australia borders reopening

    by
    JJ Smith
    , on
    Dec 11, 2020
  • Moving to Australia

    Moving to Australia? Guide to everything you need to know

    by
    JJ Smith
    , on
    Oct 28, 2020

About MTA Editor

Hi… I’m JJ Smith.

I’m the creator and editor of MTA. I started this blog in 2008 when my family and I moved to Australia. I know everything about New Zealanders moving their life to Australia. Either through our research, first hand experiences or the questions I've helped visitors with.

I learnt so much when we moved our family from Auckland New Zealand to the Gold Coast (short term accommodation x 3) and then Brisbane (family friends, then long term rental). I sold my website business in NZ before the move. I was pregnant when we moved, so it was easy for me to setup this site and share my knowledge to help others, save them time, money and make their move stress-free.

© 2008 - 2020 Copyright Cybersmith Ltd. All content is copyright.

Design by ThemeShift.