The Australian Dollar has dropped against the Canadian Dollar due to a concerning report about AU-US ties.
The report looked at Australia’s relationship between the US and China, and the potential difficulties of trying to alter these relationships.
With the US looking increasingly protectionist, Australian officials have considered whether to switch their trading focus to China.
An incoming visit from Chinese Premier Li Keqiang has only heightened these uncertainties, leaving the AUD CAD exchange rate down.
It's a given that currencies will fluctuate. It's also a given that both facts and speculation will influence exchange rates.
And, it's a given that if you use the banks to handle your currency exchange and transfer needs, you will pay too much, wait too long, and have no idea where your money is during the process.
But, you guessed it, there is now an Australian startup that was designed from the ground up to deliver fast, secure and very affordable foreign exchange and transfers. And it does so without the hidden fees typically imposed by the banks.
FlashFX delivers extraordinary transparency, speed and transactional control to users, setting a new level of service standard.
With FlashFX, users pick the date; pick the rate; send funds like an email; track transfers like a package; all without any surprise charges. There are none.
This is in stark contrast to the banks, where global payments cost more, take more time, and the routeing is opaque.
So, whether you are a business or an individual you can now skip the banks and make smart foreign exchange transfers.