So, you’re planning a move to Australia! Well, in that case you’ll have to get your head around a new currency. The country uses Australian Dollars, but what does that mean for you?
Well, for starters you’ll need to have a basic understanding of exchange rates and how shifts in the currency market can impact currency transfers.
Exchange rates are always fluctuating, and the value of the Australian Dollar can be effected by everything from iron ore prices to news from the US.
This means you could get more or less for your money when transferring funds overseas depending on how the Australian Dollar is doing.