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Time to take advantage of strong Aussie dollar

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With the Australian dollar currently in a position of strength over most currencies, residents have been advised to make the most of the situation.

For many, this will mean sending money online to pay for goods or services in a foreign currency.

Direct FX noted that there are real opportunities to lock in rates on capital intensive stock and invest in imported products, many of which are cheaper than ever.

A spokesman noted that many of the firm's clients were taking advantage of the strength of the dollar.

"From businesses buying large machinery parts from Germany, to enthusiasts buying boats or cars from the US, across the board there are people taking advantage of the AUD at record levels," he said.

One option could be buying property in New Zealand, which the company noted is currently very reasonable.

It also predicted that recent moves by the Reserve Bank of New Zealand could soon see house prices rise, meaning Australian investors who get into the market now could benefit hugely.

Posted by Emmanuelle Addy


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