Question 1

What affects GBP/AUD?

Accepted Answer

UK economic data, Australian commodity prices, and Bank of England vs RBA policies.

Question 2

What time is best to trade GBP/AUD?

Accepted Answer

During London and Sydney session overlap, though limited. Each session individually is active.

Question 3

How often should I check exchange rates?

Accepted Answer

For large transactions, check rates multiple times per day as they fluctuate constantly. For small amounts, daily rates are usually sufficient.

Question 4

What affects currency conversion fees?

Accepted Answer

Banks typically add 2-4% markup on exchange rates. Credit cards may charge foreign transaction fees. Currency exchange services often have the worst rates.

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