Good morning all,
Our first NEW episode of The Overseas Athlete is now live.
John Iredale signed his first professional contract thirty minutes before the transfer window closed.
He was eighteen, asleep in a hotel in the Netherlands, while his agent in Sydney spent 4 a.m. chasing one signed document out of the Australian FA. A KNVB rule on non-EU salaries nearly killed the deal. He found out it had gone through the next morning, over the phone.
Eight years later he has played in four countries, made his Socceroos debut, and scored his first international goal at home with his family in the stands.
He has also learned more about contracts, insurance, currency, and tax than most players pick up in a fifteen-year career. A re-injury in Germany. A surgery booked in the wrong country and a bill nobody warned him about. A wedding clause negotiated into his Korean contract. A national team bonus paid gross.
This is the episode every young Australian needs to hear before they sign anything.
Over the last week I’ve written a couple of articles around particular currencies pairs that are important, and a overview of where things sit:
Markets this week — the short version
A US-Iran deal is close but not done. Oil has pulled back from $110 to $99 a barrel on ceasefire optimism, which has lifted the AUD back above 0.71 and improved risk appetite broadly.
Australian inflation came in softer than expected at 4.2% — the RBA is expected to hold rates at 4.35% for the rest of 2026. In New Zealand, the RBNZ held at 2.25% in a 3-3 split vote.
The USD is staying firm despite the peace progress. The US economy is holding up well and markets now see a Fed rate hike as more likely than a cut.
The Strait of Hormuz is partially open. Until it is fully clear, oil volatility continues — and so does currency volatility.
AUD rates at a glance
Pair | Rate |
|---|---|
AUD/USD | 0.7161 |
AUD/EUR | 0.6152 |
AUD/GBP | 0.5322 |
AUD/JPY | 114.00 |
AUD/NZD | 1.2205 |
AUD/CAD | 0.9889 |
AUD/AED | 2.6258 |
AUD/HKD | 5.6106 |
AUD/THB | 23.341 |
Rates as of 27 May 2026
Before you go
If you have a cross-border money problem that does not have an obvious answer, that is exactly the kind of thing I want to hear about.
Chris