$ 165989549845 508 1299707400 1337268630

This currency total shows the total amount of foreign exchange transacted by HiFX since 2001. To calculate the total on the site, we have taken the total actual audited volumes transacted each year and have added a daily average of our transacted volumes. This number is provided for information purposes only.

Transacted by HiFX

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Aug

2011

RBA keeps rates on hold for eighth straight month

02 August 2011

The RBA board chose to leave the official cash rate at 4.75 percent, the level reached when rates were last hiked on Melbourne Cup Day last November.

Although many economists predicted that rates would not be moved today, the decision was made against a backdrop of inflation which has stepped above the RBA's target band of 2-3 per cent.

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Mr Lawrence Alpren

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= 1.5978 AUD

(About this figure)

All figures shown are based on today's Interbank rates. This is the rate at which banks and brokers buy and sell money to each other. Private individuals and small to medium sized businesses cannot access these rates. They are therefore provided for indicative purposes only. For a quote please contact us.

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