Ensure within the <head of your page that the content-type specifies UTF8. To see this open the developer console of your browser by pressing F12. If it's stored fine there isn't a storage issue, but an HTML display issue or server problem. More specifically your content-type should be as follows.
Code:
<meta http-equiv="content-type" content="text/html; charset=utf-8">
I've tested Australia translated to German as shown in your screenshot working fine locally and on our demosite.