FX rates are down?

  • Posted by Blair Pedersen on February 18, 2019 in Global Economies Global Money Transfer

forex rates are down

Foreign exchange rates, like all cyclical things in life go up and down

As a general rule, a currency’s valuation generally trends in line with the fortunes of the respective country but there are many other influences, the health of the global financial markets, the monetary policies of foreign central banks, natural disasters and so on. Due to these many factors country’s economic cycle cannot be predicted with absolute certainty and consequently trading currencies is a very difficult thing to do. Nobody has control over the direction of a currency, but everybody has control over their personal finances and so it is incumbent upon everybody remitting money overseas to ensure they are getting the most out of their money transfers.


Wellington Vs Melbourne: Which City is Better?


melbourne-vs-wellington

Wellington and Melbourne are often considered to be sister cities. They both have a similar vibe and both cities definitively beat Sydney. Melbourne’s population has skyrocketed due to internal and external migration and is due to overtake Sydney in size this decade. This rapid increase in population seems to be taking a toll as many local hipsters are moving away to Byron Bay.

Here are some quality of life and liveability results as determined by credibly researched and published city rankings:


The foreign exchange market in 2018, a forecast for 2019 and a message from the CEO

  • Posted by Blair Pedersen on December 20, 2018 in Global Economies Global Money Transfer

forex-forecast-2019

In 2018, the Australian dollar has seemed to find some stability in October with it stabilising around 0.705 and then clawing its way back up since then to its current level at 0.72. The ‘aussie’ has been whacked by an appreciating US dollar, a Chinese economic slowdown and economic worries that there’s a bubble in the real estate market – a weighty concern expressed by the RBA

Against exotic currencies such as the Indian rupee, the Australian dollar has oscillated around the current level as it has done since 2016. Of note is the recent significant drop in the last few days due to foreign fund flows and a risk-off atmosphere. It remains to be seen if this is a sustained drop and a sign of things to come.  It’s the same situation with Filipino peso and the Australian currency really hasn’t seen much movement against currencies like it. Though it has settled at its current level of around after falling about 2.5% over the first half of the year.


The Predictive Power of the Kiwi


predictive_power_of_the_kiwi_trading

Question: What do currencies say about an economy? Well that’s a trick question because the answer is everything and nothing at all

See, in today’s trading markets a currency means nothing unless it’s compared against another national currency (or perhaps the price of gold). When you compare a currency against another currency, not only can it be a potential indicator of economic strength relative to other economies, but it can also tell you the general global financial mood, the appetite for risk, the stage of economic cycle – both domestic and global, about the state of inflationary pressures and about other macroeconomic and environmental forces.


Recent Greenback Weakness is the Eye of The Storm

  • Posted by Sean on September 28, 2017 in Banking Global Economies

USD Bill printing - QE

If you’ve found yourself accidentally turning to the business section of the newspaper in the last few years, you may have noticed plenty of economists, market analysts, and other people who sound like they’d be no fun at a backyard barbecue talking about something called Quantitative Easing. That’s usually a good time to turn over to the funnies, but today let’s cover off what Quantitative Easing (QE) is about, starting with a brief history lesson.


Construction in New Zealand

  • Posted by Sean on August 31, 2017 in Global Economies Immigration

Construction NZ

If you’re looking for a booming industry with tonnes of jobs, look no further than construction. We’re going to take you through some ins and outs of construction in New Zealand!


Indian Independence Day – 70th Anniversary

  • Posted by Sean on August 15, 2017 in Global Economies

When anyone mentions Independence Day, you’d be forgiven for thinking that they’re talking about the 4th of July – which is Independence Day in the United States. But at Orbitremit, we think that India’s Independence Day is equally as important – even if it doesn’t get the same media coverage in western territories.


Stubborn US Dollar Bulls Don’t Deserve Your Pity

  • Posted by Sean on July 26, 2017 in Global Economies

The EUR/USD’s ascent began in earnest after the result of the first round of the French election was sealed. The pair opened almost a cent and a half higher on the Monday after the election, rewarding euro bets the protectionist Le Pen would be the loser and the euro-centric Macron would push ahead with his pro-business agenda following his victory.


Housing in 2017

  • Posted by Laurie I on March 30, 2017 in Global Economies

global housing affordability in 2017

Wherever you look, housing is becoming a global issue. This is because the world’s population is expanding faster than the supply of global housing can keep up. Sydney, London and Auckland in particular have seen rapid price growth in the last five years. There is some method to the madness, however – and we’re going to take you through the ins-and-outs of housing in this article.


Automation – Surviving in the Rapidly Changing Global Job Market of 2017

  • Posted by Laurie I on February 16, 2017 in Global Economies Technology

robots automating 2017 jobs globally

If you’ve been out and about lately, you’ve probably noticed that more and more things are being done by computers. Everything from supermarket checkouts to accountants are being automated. Even some web articles are written by computers (not this one though – don’t worry). We’ve all heard the stories about how robots are going to take over the world and that this rise in automation is going to steal our jobs, but is this really going to happen? Maybe eventually, but today we’re going to take you through our top tips for coping with the technological uprising in this article.