Zac Crellin writes in the SMH "Strong hints by the US Federal Reserve that interest rates will rise at a faster pace in 2017 have sent the greenback flying against most major currencies but analysts doubt the Australian dollar will slide much further."
"The Aussie dollar plunged 1.4 per cent to below US74¢ in the aftermath of the Fed's decision to lift rates for only the second time in 10 years but the currency's slide was stopped by surprisingly strong local employment data that showed the economy created 39,100 new jobs in November. In late trade, the currency was fetching US74.3¢."
One way to deal with this level of currency fluctuation and uncertainty is to work with FlashFX, a fintech company that has just launched in the real-time cross borders payment space, providing a competitive alternative to the existing opaque, siloed and inefficient banking networks.
Built on a common global infrastructure and bringing new efficiencies to financial remittances by enabling near real-time settlements, improving visibility and reducing risk, FlashFX delivers tangible advantages from both a technical and financial perspective.
Based in Sydney Australia, FlashFX is a cutting edge fin-tech startup engineered from the ground up to deliver intelligent foreign exchange transfer services without hidden fees.
Using the innovative Ripple technology platform and XRP, Ripple's digital currency, FlashFX delivers extraordinary transparency, speed and transactional control to users.
FlashFX provides a lean high-performance foreign exchange transfer payment services that safely, efficiently and reliably provides users with a better customer experience.
The technology tightly integrates payments messaging with funds settlements, allowing for unprecedented visibility and performance.
Unlike the banks, FlashFX puts their customers in control. They can choose a target conversion rate, automate the international money transfer and track their currency transfer, like a package, from start to finish.