Breaking Australian immigration news brought to you by Migration Alliance and associated bloggers. Please email help@migrationalliance.com.au
In terms of finances, British migrants moving from the UK to Australia can now benefit from the best exchange rates on GBP/AUD since 2009.
Towards the end of last week The Pound edged just over $2, or the from an Australian point of view the Dollar dropped to 0.4990.
The main reason for this being the release of Australian unemployment data which was announced yesterday and against predictions hit 6.2% - which is a 12 year high.
This morning (Mon 16th Feb) the Pound is currently just shy of $2 at $1.9823.
Following on RBA’S historic interest rate cut last week there are now whispers of another cut as soon as March.
If you have any clients that are in the process of transferring funds or have future requirements and wish to receive more competitive exchange rates than the major banks, contact This email address is being protected from spambots. You need JavaScript enabled to view it.