Australian Coins
The Reserve Bank of Australia’s wiggle room for making further cuts to interest rates increased after a report revealed that consumer prices for the nation gained by less than expected in the last quarter of 2012.
Although economists expected the trimmed mean gauge if core prices to have increased by 0.7 per cent from the third quarter it actually rose by 0.6 per cent. A marginal difference to some, but to others another sign that the Australian economy slowed in the second half of last year.
This news, when combined with the market reaction to the news that Japan’s monetary easing efforts will be delayed until next year, saw the Australian Dollar post losses against several of its most traded peers – most notably the US Dollar, Japanese Yen and neighbouring New Zealand Dollar.
With Australian economic news thin on the ground movement in the currency today is likely to be the result of international developments.
Current AUD Exchange Rates
The Australian Dollar to Euro exchange rate is currently trading at 1.1885
The Australian Dollar to US Dollar exchange rate is currently trading at 1.5861
The Australian Dollar to Pound Sterling exchange rate is currently trading at 1.5009
The Australian Dollar to New Zealand Dollar exchange rate is currently trading at 1.8845
The Australian Dollar to Canadian Dollar exchange rate is currently trading at 1.5741
The Australian Dollar to Emirati Dirham exchange rate is currently trading at 5.8256
The Australian Dollar to Swiss Franc is currently trading at 1.4739
The Australian Dollar to Japanese Yen exchange rate is currently trading at 140.6500
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