British Expats - Best forex exchange rates

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Reasonable

Apr 24th 2019 8:14 am

Best forex exchange rates

Which companies give the best exchange rates for GBP to AUD?

MidAtlantic

Apr 24th 2019 11:32 am

Re: Best forex exchange rates

This may help you to check some options: https://www.mycurrencytransfer.com/m...ralia/5000-GBP

denzil73

Apr 24th 2019 12:15 pm

Re: Best forex exchange rates

I used XE.com for over a decade now. Always has good rates and no longer any transfer fees. I also remember a lot of folks on here talking about Forex website. Said it was better than XE but I didn't find this at the time I looked.

There's probably others online and the majority give better rates than what the banks do.

Pulaski

Apr 24th 2019 1:12 pm

Re: Best forex exchange rates

I used to use XE (for GBP-USD transfers), but after they were sold a few years ago they became less competitive. TransferWise is commonly recommended on BE, but there are others that get mentions, such as WorldFirst, oanda, and xoom. I have seen OFX recommended on the Oz forum several times.

spouse of scouse

Apr 24th 2019 1:16 pm

Re: Best forex exchange rates

Quote:

Originally Posted by Reasonable (Post 12675071)

Which companies give the best exchange rates for GBP to AUD?

I always use OFX for transfers both ways, there's no fees on GBP - AUD transactions, there's a small fee for AUD - GBP transactions under AUD10,000, no fees for over that. For larger amounts I call the broker desk and negotiate a rate. Have always been happy with the rates, and I do check.

ratapita

Apr 24th 2019 7:12 pm

Re: Best forex exchange rates

Hi, I 've recently used No1Currency. Think I found them using an online comparison site. I haven't used them before, but they were happy to let me cancel and re-order 1st time as the rate kept getting better and then they did the cancelling and re-ordering themselves ( without me asking them to do it) . So at the end of a week I got the best exchange rate !

spouse of scouse

Apr 25th 2019 2:53 am

Re: Best forex exchange rates

Quote:

Originally Posted by ratapita (Post 12675354)

I think the OP is talking about fx rates for the transfer of funds between countries/currencies , not travel money. Hadn't heard of No1 currrency before though, going by the number of positive reviews they're a good option for your travel cash.

rammygirl

Apr 25th 2019 3:52 am

Re: Best forex exchange rates

I use OFX and transferwise. One charges a fee one doesn’t. It depends which one will get the the most $$ in the end. Sometimes paying a fee means I get more dollars.

So so I would register with two or three companies and check in the day. Some also allow you to pick a rate and will trigger the deal when it is reached, useful if you don’t need funds in a hurry.

Amazulu

Apr 25th 2019 7:42 am

Re: Best forex exchange rates

OFX

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