Carry Cash or transfer electronically ?
 

Hi,
I have a couple of thousand canadian dollars in my account in Canada, which I want to take with me when I validate my trip next month. Should I carry them as cash and deposit them in an account once I reach Australia, or transfer them electronically to my / brother's account ? What will give a better exchange rate ?

Regards
Manumani

Re: Carry Cash or transfer electronically ?
 

It is very foolish to carry cash around in such quantities. Either transfer it to your brother or to an account here you set up for yourself or just use credit card / ATM for your holiday. The difference in exchange rate is really not going to make much difference on a few k.

Re: Carry Cash or transfer electronically ?
 

Transferring electronically will get you a far better exchange rate than dumping x thousand Canadian dollars at a foreign exchange desk in Oz and asking for Oz$.

Also much safer.

Re: Carry Cash or transfer electronically ?
 

you also will need to declare to Customs if you physically bring in A$10,000+ equivalent in cash or other financial instruments (any currency).

Re: Carry Cash or transfer electronically ?
 

He's only bringing in a couple of thousand so no need to declare!

Re: Carry Cash or transfer electronically ?
 

"a couple of" has become an ambiguous phrase over de years.

Re: Carry Cash or transfer electronically ?
 

Its worth noting that BE members can take advantage of free transfers.

http://exchangerates.britishexpats.com/

Transferring bank to bank is always the safest option.

Re: Carry Cash or transfer electronically ?
 

You can use a company called Tranzfers for small amounts.

BB

Re: Carry Cash or transfer electronically ?
 

Carry cash. Small, unmarked bills - ideally $20s & $50s and PM me the details of your flight. I'll meet you at the airport. ;)