Expat Chat Episode 65 – Should An Expat Transfer Funds To Australian Dollars?
Welcome to the sixty fifth episode of #Expatchat where we discuss the latest tax and financial issues affecting an #Australianexpat.
In today’s Expat Chat we answer the question of should an Australian expat transfer their cash to Australian dollar with the recent falls the currency has experienced.
What the Australian dollar is doing and may do in the future is probably the most common conversation topic amongst Australian expats.
With the recent interest rate increases occuring globally combined with investors taking a more conservative approach we have seen the US dollar strengthen against most currencies.
Australian expats who are earning US dollars or currencies pegged to the US dollar like the UAE Dirham, Saudi Riyal, Hong Kong Dollar and Qatari Riyal now is a very enticing time to consider exchanging some funds and converting them to Australian dollars.
We find that currency risk is one of the major risks that Australian expats experience in their life overseas and by methodically moving funds back to Australian and in turn Australian dollars it means that when it comes time to return home you are not relying on the Australian doillar to be weak at the time.
Discussion Points on Todays Podcast Episode
In this episode we run through the following topics:
Why is the Australian dollar weak?
Is the Australian dollar weak against all currencies?
Will the Australian dollar fall any lower?
Links that we discussed in this episode include:
- Sign the petition – https://www.aph.gov.au/e-petitions/petition/EN4259
- Facebook Group – Don’t forget to join our Australian Expat Financial Forum Facebook Group – https://www.facebook.com/groups/Australianexpatfinancialforum
- Ask Atlas – Have your questions answered on the podcast by clicking this link – https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/
- Expat Mortgage Podcast – https://atlaswealth.com/news-media/australian-expat-podcasts/expat-mortgage-podcast/
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