Go Back  British Expats > Living & Moving Abroad > Australia
Reload this Page >

inter bank rates/HIFX

inter bank rates/HIFX

Thread Tools
 
Old Jun 6th 2004, 6:46 pm
  #1  
Forum Regular
Thread Starter
 
elbow's Avatar
 
Joined: Aug 2003
Location: Caulfield
Posts: 131
elbow is an unknown quantity at this point
Default inter bank rates/HIFX

This is a question for anyone who has experience in dealing with HIFX or any money people for that matter. Is there a huge difference between the "inter bank rate" and the rate you actually get offered when exchanging money? I suppose it depends on the amount you transfer, i am hoping to transfer around £15,000 to AUD. Anyone?
elbow is offline  
Old Jun 6th 2004, 6:50 pm
  #2  
Don
Banned
 
Joined: Aug 2002
Posts: 7,613
Don is an unknown quantity at this point
Default

Yes - a bit worse for you. Depending on what you're exchanging, typically 0.5% - 3% worse. Usually towards the lower end.
Don is offline  
Old Jun 6th 2004, 7:00 pm
  #3  
Forum Regular
Thread Starter
 
elbow's Avatar
 
Joined: Aug 2003
Location: Caulfield
Posts: 131
elbow is an unknown quantity at this point
Default

Originally posted by pleasancefamily
Yes - a bit worse for you. Depending on what you're exchanging, typically 0.5% - 3% worse. Usually towards the lower end.
Is there any give and take/bartering with the money broker when you make the exchange. That probably sounds like trying to buy a fake Tag in Thailand or something!
elbow is offline  
Old Jun 6th 2004, 7:13 pm
  #4  
Don
Banned
 
Joined: Aug 2002
Posts: 7,613
Don is an unknown quantity at this point
Default

Yes but not for 15K unless you've got comparative rates from the rivals that are better. Give them hard true facts and they may improve.
Don is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.