carlos1340

Doesn't make sense to me, but looking in the Daily Express, the exchange rate has been around the $2.30 ish area, but looking at this site

www.oanda.com/convert/fxhistory

the exchange rate today is $2.45!!

Can anyone shed any light on this??

Gravyman

The rate in the Express is the tourist rate which is always lower then the actual exchange rate.

Gravyman

ADELAIDE BOUND

Carlos your probably looking at the tourist rates. For large money transactions look at Oanada or HIFX.
Apparently the rate you get is not quite as good as those advertised but you will get pretty close to it.

Cheers

carlos1340

Cheers for that!

Not quite as depressing as I thought, it's quite scary how much money you can lose by a couple of cents!!:lecture:

maxpaxx

..say the interbank rate is at 2.44 - HIFX will give you 2.43
I think if you have £500k or more you get an even better rate

ABCDiamond

Here is a link to HIFX and its updated every 10 seconds I think.

As maxpaxx said, you won't get that rate, but not too far off.

wmoore

I've been watching it at http://uk.finance.yahoo.com/m5?a=100&s=GBP&t=AUD&c=0 for a little while. Currently 2.45 but the good news is that it's heading upwards! Good news if you're not going for a while anyway (I need that to cheer me up so please don't take that away from me!).

From being about 2.70 early last year, it bottomed at about 2.30 before Christmas. Hoping for 2.70 again by the time I (finally) get there

sandradee

The rate actually peaked at 2.4802 last Monday. Unfortunately that was in the Aus day, we got just under 2.46 the following morning. Better than 2.30 but not the 2.85 of Jan 03