In this conversation, Chris Broadfoot and Matt Phelan discuss a detailed analysis of current market trends, particularly in currency exchange, and the implications of upcoming global economic events.

With the on-going war and tensions in Iran and Isreal, the upcoming US election, central bank meetings in the coming weeks and the general market volatility, this is a lot to consider.

The discussion highlights the importance of staying informed and proactive in financial decisions, especially in light of significant market fluctuations and political events.

With the upcoming US election on November 5th, the risk-averse move would be to exchange it and move it home before the big day, as anything could happen.

Positive recent data from the US along with the potential of a Trump win seems to be carrying the USD to multi-month highs, which might continue, but one thing is for sure, volatility!

I always say that taking advantage of multi-week or multi-month highs is a positive move, you'll never catch the top or the bottom, it will always swing higher or lower, so take a win and move on.

If you're holding any of the following, let us know as it's at multi-month highs:

💵 USD/AUD - 1.51 (highest since August 14th)
💶 EUR/AUD - 1.6350 (highest since Sept 23rd)
💷 GBP/AUD - 1.9625 (touching the highs of recent months, and the highest since Sept 2023)

If you don't have a currency management plan in place and you earn overseas income, give us a call for a free consultation so we can help protect your salary and take advantage of these spikes.