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Chris Broadfoot
Jul 31, 20232 min read
Australian Dollar drops again - back below 0.67c
Last week, the Australian Dollar experienced fluctuations, initially reaching 0.6821 before declining below 0.67c and closing out the...
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Chris Broadfoot
Jul 23, 20232 min read
Understanding Recent Developments in the Australian Dollar and Foreign Exchange Markets
In recent weeks, the Australian Dollar (AUD) has experienced fluctuations within a well-defined range that began in March 2023. Notably,...
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Chris Broadfoot
Jul 11, 20232 min read
Economic Woes in Eurozone Persist Amid Expectations of ECB Rate Hike
Introduction The Eurozone continues to grapple with economic challenges, and as the European Central Bank (ECB) gears up for an...
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Chris Broadfoot
Jul 10, 20232 min read
UK Inflation Struggles Persist, Prompting Expectations of Further BoE Rate Hikes.
Introduction The UK economy continues to grapple with stubborn inflationary pressures, leading experts to anticipate additional interest...
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Chris Broadfoot
Jun 5, 20232 min read
Is the Aussie on a rebound?
The Australian dollar has been up 1.54% this past week against the US Dollar and down 1.68% this past week against the Euro. Economic...
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Chris Broadfoot
May 29, 20232 min read
Can the Aussie bounce back from a 6 month low? Currency Exchange Update.
Weekly Currency Exchange Update – May 29th, 2023. Last week the AUD markets were mainly impacted by the economic data of their...
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Chris Broadfoot
May 21, 20232 min read
The Australian Dollar is still struggling
The Australian dollar is in the red zone this week as poor Chinese data caused investors to lose faith in the Aussie. Increasing...
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Chris Broadfoot
May 18, 20232 min read
Australian Dollar on the drop.
The Australian dollar faced a downtrend this week as positive economic data for the US and a slow Chinese economy caused investors to...
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Chris Broadfoot
May 7, 20232 min read
Aussie Dollar on the up, for now?
The Australian dollar experienced a 1.82% rise against the US dollar last week, propelled by positive economic news for Australia closing...
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Chris Broadfoot
May 3, 20232 min read
The Australian Dollar Surges as the RBA Shocks the Market
On Tuesday, the value of the Australian dollar surged after the Reserve Bank of Australia (RBA) surprised financial markets by hiking...
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Chris Broadfoot
Apr 27, 20232 min read
Aussie Dollar Concern - April 27th
AUD/USD The Australian dollar (AUD) has plunged to its mid-March levels against the USD leaving the exchange rate touching a low of...
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Chris Broadfoot
Apr 24, 20232 min read
Currency Update, April 24th, 2023
The Australian dollar is down -1.31% from last week as the market is not convinced that the Reserve Bank of Australia is done with its...
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Chris Broadfoot
Apr 17, 20232 min read
Currency Update, April 17th, 2023
Last week, the Australian Dollar reached a seven-week high before plummeting. We saw a high on Thursday of 0.6781 after a 1.4% move in...
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Chris Broadfoot
Apr 14, 20233 min read
Black Swan Events
3 Recent Examples and their Impact on the Foreign Exchange Markets In the world of finance, black swan events refer to rare and...
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Chris Broadfoot
Mar 26, 20232 min read
Currency Update, March 27th, 2023.
In a concerning week for the AUD/USD exchange rate, it closed at 0.6644. This comes in a week where the US Federal Reserve did raise...
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Chris Broadfoot
Mar 12, 20232 min read
Currency Update, March 13th, 2023
The Australian Dollar Sails South as RBA and Federal Reserve Take Different Monetary Policies. Last week, the Australian Dollar (AUD)...
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Chris Broadfoot
Feb 5, 20233 min read
Choosing the Right Global Supplier for Your Australian Business: A Comprehensive Guide.
In today's fast-paced and highly competitive global market, choosing the right supplier can make or break the success of your business....
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Chris Broadfoot
Feb 2, 20233 min read
International Inheritance: Navigating Currency Exchange and Fluctuations
Inheriting assets from a loved one is never an easy process, but it can be even more complicated when those assets are located across...
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Chris Broadfoot
Jan 22, 20232 min read
Currency Update, January 23rd, 2023.
Happy New Year to everyone, I hope that you're all back and settled at work now after a nice Christmas and New Year period and ready to...
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Chris Broadfoot
Jan 18, 20232 min read
Banking daily limits
A recent issue we ran into that we tried to avoid, however the timing did not align! We had a client with a large amount of USD ($1m)...
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Chris Broadfoot
Jan 11, 20232 min read
My first BIG transfer!
In my early days in FX, back in 2015 I was helping a couple move $1.1m AUD to NZD. They had sold a house in Sydney and were moving back...
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Chris Broadfoot
Jan 4, 20232 min read
International Property Transfers
If you're planning to move to Australia after selling your home overseas, you'll likely need to transfer a significant amount of money to...
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Chris Broadfoot
Dec 15, 20222 min read
Currency Update, December 15th, 2022.
On Thursday the US Federal Reserve provided a more hawkish stance on its policy than markets anticipated, but delivering a more mild 50...
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Chris Broadfoot
Nov 1, 20223 min read
Currency Update, November 1st, 2022
The RBA meets today, the bank’s board is expected to raise the official cash rate by either a quarter or half a percentage point during...
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Chris Broadfoot
Oct 21, 20222 min read
Currency Update, October 21st, 2022
This week has seen the AUD/USD bounce off 0.6230 more than once which is hopefully a sign of some sort of support for the Aussie which...
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Chris Broadfoot
Oct 8, 20222 min read
Currency Update, 10th October, 2022
Outside of COVID which saw the AUD/USD drop as low as 0.55c for a short time, the currency AUD/USD is at the lowest point since March...
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Chris Broadfoot
Oct 6, 20223 min read
5 things to be aware of when sending money overseas.
We now live in a borderless world when it comes to sending money from one country to another and there are many options available to us,...
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Chris Broadfoot
Sep 27, 20222 min read
GBP touching multi year lows.
The English pound abnormally moved more than 4.8% during Asian session toward the beginning of today against the AUD touching a low of...
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Chris Broadfoot
Sep 26, 20222 min read
Currency Update, 26th September 2022
The Australian and New Zealand dollar hit new long term lows on Monday against the USD as dealers, currently grasped by development fears...
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Chris Broadfoot
Aug 2, 20223 min read
Currency Update, August 2nd, 2022.
The Australian Dollar has crossed back above 0.70c against the US Dollar for the first time since the middle of June, reaching a high of...
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Chris Broadfoot
Jul 14, 20223 min read
Doing business globally from Australia
In order to tap into new markets and create a global customer base, Australian businesses need to look beyond our shores. This can be a...
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Chris Broadfoot
Jul 6, 20222 min read
Currency Update, July 6th, 2022.
The Australian Dollar has this week reached a two-year low against the USD even after the RBA raised rates again yesterday, another 50...
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Chris Broadfoot
Jun 20, 20222 min read
Currency Update, June 20th, 2022.
A very volatile week saw the AUD/USD exchange rate move back and forth from 0.7035 at the open on Monday to 0.6936 when the markets...
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Chris Broadfoot
Jun 13, 20222 min read
Currency Update, June 13th, 2022
The Australian Dollar has seen a huge backward step in the past 10 days and today sits below the 0.70c mark after closing out the week...
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Chris Broadfoot
Jun 4, 20222 min read
Currency Update, June 4th, 2022
The Australian Dollar fell away from its six-week high against the US Dollar on Friday after strong payroll figures closing the week at...
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Chris Broadfoot
May 25, 20222 min read
Currency Update, May 24th, 2022.
The Australian Dollar is back pushing 0.71c against the USD after dropping to a low of 0.6828, its lowest point in 2 years. Recent risk...
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Chris Broadfoot
May 12, 20224 min read
Forward Contracts and why to use them.
The benefits of using forward contracts A forward contract is an agreement between two parties to buy or sell an asset at a specified...
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Chris Broadfoot
May 9, 20222 min read
Australian Dollar Update, 9th May, 2022
The Australian Dollar seen both it's biggest one day gain and then one day loss against the USD in years after moves by both Reserve...
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Chris Broadfoot
Apr 25, 20222 min read
Australian Dollar Update, April 25th, 2022.
The Australian dollar seen its biggest one day fall in over 12 months on Friday after the US Federal Reserve commented that a 50 basis...
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Chris Broadfoot
Apr 11, 20223 min read
With house prices soaring in capital cities and the regions, the great Australian dream of homeowner
One way around the high costs of established properties is to look at building your own. There are plenty of companies that offer land...
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Chris Broadfoot
Mar 21, 20222 min read
Australian Dollar Update, March 21st 2022.
Two weeks of yo-yo action has seen the AUD/USD exchange rate bounce from 0.71c to 0.74c, then back to 0.71 and now back again to 0.74....
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Chris Broadfoot
Mar 5, 20222 min read
Are you a professional athlete overseas?
How To Simplify And Contain Expenses On International Relocations Being a professional athlete and receiving income in another country...
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Chris Broadfoot
Feb 24, 20221 min read
Currency Update, February 24th, 2022
With geopolitical news making headlines amid uncertainty in global markets, the potential for heightened volatility is increasing. This...
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Chris Broadfoot
Feb 6, 20222 min read
Australian Dollar Update, February 6th, 2022
The Australian Dollar finished the week above 0.70c closing on Friday at 0.7073 after the Non-farm payroll figures from the US came out...
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Chris Broadfoot
Jan 28, 20222 min read
Australian Dollar Update, January 28th, 2022
The Australian Dollar has been heavily sold off in the past few days, falling from a high of 0.7276 and dropping almost 2.5% to reach a...
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Chris Broadfoot
Jan 25, 20222 min read
4 Reasons Why You Need a Global Payments Specialist.
Why You Need a Global Payments Specialist to Reduce Your Bank Transfer Costs With the global landscape growing ever more competitive, it...
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Chris Broadfoot
Jan 6, 20222 min read
Australian Dollar Update, January 6th, 2022.
Well with the holiday period come and gone, the markets are also starting to get over that holiday feel over not much movement and a few...
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Chris Broadfoot
Dec 20, 20212 min read
Australian Dollar Update, December 20th, 2021
AUD/USD - Last Week The Australian Dollar has taken advantage of some economic data and comments from the US Federal Reserve last week...
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Chris Broadfoot
Dec 3, 20212 min read
Australian Dollar Update, December 3rd, 2021
As the news broke late last week about the new COVID variant Omicron, the markets instantly sold off the AUD and made that familiar...
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Chris Broadfoot
Nov 5, 20212 min read
Australian Dollar Update, November 5th 2021
The Australian Dollar has been stronger in the last month, moving from 0.7250 to 0.7550 since October 5th, however after Tuesday's...
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