Would the recent increase of interest rates in Australia affects the currency rates to foreign country?
A web user asks, I recently heard about the news of Australian interest rates rise starting from August, and I’m concerned if this would affects the Australian currency rates to other countries? I need to find out would it be wiser for me to exchange more Australian Dollars with MYR (Malaysian Ringgit) before the new interest rates begins as I’m a International Students (currently studying in Australia) from Malaysia.
Can you help them out? Post your advice!
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