According to the well-known exchange rate website XE.Com, the Australian dollar has fallen to 1:4.79!

1:4.79!

This is not only the lowest level in 2018, but even the lowest in two years!

It is understood that the fall in the exchange rate between the Australian dollar and the yuan is closely related to the fall in the Australian dollar exchange rate against the US dollar.

Today, the Australian dollar fell to a 2018 low and the US market touched 0.7607 in the afternoon. As the geopolitical tension eased, the newly released data showed a solid performance, indicating that the rate hike was accelerating and the dollar continued its latest upward trend. In addition, the decline in the price of base metals has weakened the demand for commodity-related currencies.

Australia will publish its first-quarter inflation rate in the upcoming Asian market. Low inflation has been a concern of the RBA, and given that the upcoming data is not expected to be shocking, it is not expected to change the current view that the central bank will keep interest rates unchanged. This will lead to a further weakening of the Australian dollar.

However, for the common people, the benefits of the depreciation of the Australian dollar are still – it can save a lot of money!
living expenses

Living in foreign countries, in all aspects of the cost, the cost of living must be one of the biggest!

The average living cost of a Melbourne family was $1517.04, half of which was spent on basic living expenses that could not be saved, such as food, shelter, transportation, health, and utility bills.

Taking advantage of the chance of the Australian dollar plunging quickly, you can save a large Mani!
tuition

The Australian dollar fell, the pressure on tuition can be said to be a great relief!

After all, tuition fees in Australia are getting higher and higher. In terms of UNSW’s accounting profession, the tuition for graduate students in 2017 rose to A$43,180!

According to the original exchange rate of 5.25, tuition has to pay 226,695 RMB! And now only need, 218059! !

A total of nearly 10,000 were saved, enough to buy a cell phone, a bag, and even a crazy trip once.
Investment to buy a house

If you recently plan to invest in buying a house, the fall in the exchange rate is a great news!

Recently, the median price of single-family villas in Melbourne has exceeded A$1 million. According to the exchange rate of 5.2, that is 5.2 million yuan…

And now the exchange rate of 4.79, that is 4.8 million yuan! Save 400,000! Buying an apartment again is almost the same!

So, dear friends, put down your mobile phone and quickly exchange money! !