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Advice on exchanging $ to £

Advice on exchanging $ to £

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Old Sep 10th 2009, 12:29 pm
  #1  
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Default Advice on exchanging $ to £

We are wanting to exchange some AU dollars into pounds sterling, what is the best/Cheapest way of doing this???

Thanks
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Old Sep 10th 2009, 12:41 pm
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Default Re: Advice on exchanging $ to £

Originally Posted by Gina123
We are wanting to exchange some AU dollars into pounds sterling, what is the best/Cheapest way of doing this???

Thanks
The best way is using one of the large brokers (OzForex, HiFx etc).

The cheapest way is to wait five years until the exchange rate recovers........
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Old Sep 10th 2009, 12:43 pm
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Default Re: Advice on exchanging $ to £

whoops - realised u are changing the other way round.

Cheapest way is to do it NOW .....before the exchange rate recovers!!
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Old Sep 10th 2009, 4:07 pm
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Default Re: Advice on exchanging $ to £

Originally Posted by MartinH
whoops - realised u are changing the other way round.

Cheapest way is to do it NOW .....before the exchange rate recovers!!
couldnt agree more, you want to get it done asap!! just speak to a currency broker, there are plenty recommended on the site
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Old Sep 11th 2009, 9:02 am
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Default Re: Advice on exchanging $ to £

It obviously depends on how much you want to change..

I just took my flexible friend and 1500 bucks when I went back to the UK, changed the dollars into pounds at the local UK post office (small commission)and they changed what I had left back in to dollars (no charge)
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Old Sep 11th 2009, 10:12 am
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Default Re: Advice on exchanging $ to £

I would not panic, the £ is never going to go back to 40p=1$ levels, ever. The £ has been overvalued for years.

If anything I think it will slide further so I'd advise people waiting to change into $ to do it now!
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Old Sep 11th 2009, 10:33 am
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Default Re: Advice on exchanging $ to £

Originally Posted by Gina123
We are wanting to exchange some AU dollars into pounds sterling, what is the best/Cheapest way of doing this???

Thanks
Cash or via bank?
Roughly how much?
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Old Sep 11th 2009, 11:29 am
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Default Re: Advice on exchanging $ to £

Originally Posted by danjones1
I would not panic, the £ is never going to go back to 40p=1$ levels, ever. The £ has been overvalued for years.

If anything I think it will slide further so I'd advise people waiting to change into $ to do it now!
So you have obviously made a fortune out of currency dealing then?
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