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Old Aug 4th 2009, 8:42 pm
  #46  
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Default Re: Pound - AUD exchange rates
Thats for the help!
So i might as well sign up for a Westpac bank account now and transfer hifx monies straighT into there then?!?!

Again thanks

jase
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Old Aug 4th 2009, 10:32 pm
  #47  
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Default Re: Pound - AUD exchange rates
Can recommend that route - all went through smoothly for us. Did the deal with HIFX, then on the appointed day, transferred my money to HIFX, they then transferred the money to Westpac account.

When I arived, presented my passport, then got cards around 8 days later. Pretty smooth really.

There is nothing to stop you looking at rates on Ozforex (or signing up with more than one forex broker) and negotiating with your dealer before you make the deal. He may move a few cents...
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Old Aug 4th 2009, 11:58 pm
  #48  
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Default Re: Pound - AUD exchange rates
Check with this company too, always the best rates, sometimes by a large amount.

http://www.kvbkunlun.com/en/index.aspx
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Old Aug 5th 2009, 7:14 am
  #49  
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Default Re: Pound - AUD exchange rates
being totally selfish here, I think its great the rate is low as I am transferring some money back to the UK and get more pounds for dollars.
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Old Aug 5th 2009, 7:53 am
  #50  
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Default Re: Pound - AUD exchange rates
Originally Posted by JCSUPERMOTO
Thats for the help!
So i might as well sign up for a Westpac bank account now and transfer hifx monies straighT into there then?!?!

Again thanks

jase
JC if you are transferring a large amount then you should speak to them directly rather than do it online, you will be able to get a better spread, as over 2cents is a very big chunk. I used to use HIFX as they do alot of advertising so heard their name alot, after doing my own research i found that there are cheaper options out there!!!
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Old Aug 5th 2009, 8:17 am
  #51  
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Default Re: Pound - AUD exchange rates
Hi greg,thanks for the top tips!

So who would you recommend going with matey?
cheers jase
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Old Aug 5th 2009, 8:28 am
  #52  
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Default Re: Pound - AUD exchange rates
Originally Posted by greghal
JC if you are transferring a large amount then you should speak to them directly rather than do it online, you will be able to get a better spread, as over 2cents is a very big chunk. I used to use HIFX as they do alot of advertising so heard their name alot, after doing my own research i found that there are cheaper options out there!!!
Can you give some examples of who are cheaper?

- CDM
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Old Aug 5th 2009, 9:41 am
  #53  
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Default Re: Pound - AUD exchange rates
Originally Posted by CDM
Can you give some examples of who are cheaper?

- CDM
If you check the fora, there are various names mentioned - personally, think it's all about what you ask for and barter - after all, this is the land of the deal!!!
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Old Aug 5th 2009, 9:51 am
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Default Re: Pound - AUD exchange rates
Originally Posted by Twinset
If you check the fora, there are various names mentioned - personally, think it's all about what you ask for and barter - after all, this is the land of the deal!!!
Check the fora? Can you please explain or give company name details?

- CDM
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Old Aug 5th 2009, 11:53 am
  #55  
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Default Re: Pound - AUD exchange rates
It's going the right way today - just need it to maintain that momentum for a few days / weeks!
http://uk.finance.yahoo.com/q/bc?s=G...=on&z=m&q=l&c=

(Realise that this post's relevancy is "of the moment"! To quote a classic TV programme - "Anything can happen in the next half hour!")
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Old Aug 5th 2009, 12:40 pm
  #56  
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Default Re: Pound - AUD exchange rates
Originally Posted by CDM
I'm planning on travelling at the end of August and we'll need funds whilst there so I have a limited window of opportunity to 'wait'.

If I keep the money in the UK bank, I'll be hit with charges to withdraw it from within Oz.

- CDM
Apparently using Paypal wont get you any charges (not done it myself).
you can put it into you paypal account then into your oz account and supposedly not incur any charges.
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Old Aug 5th 2009, 1:11 pm
  #57  
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Default Re: Pound - AUD exchange rates
For better or worse, I took the plunge today and ended up with 1.9914. So, my £10,000 ended up being AU$19,914.

I'm sure I'll live to regret it ... but at least I'll be regretting it in Australia ;-)

- CDM
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Old Aug 5th 2009, 1:43 pm
  #58  
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Default Re: Pound - AUD exchange rates
Originally Posted by CDM
For better or worse, I took the plunge today and ended up with 1.9914. So, my £10,000 ended up being AU$19,914.

I'm sure I'll live to regret it ... but at least I'll be regretting it in Australia ;-)

- CDM
who did you get that rate from??? Sounds a bit low! Market still at 2.0164
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Old Aug 5th 2009, 2:05 pm
  #59  
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Default Re: Pound - AUD exchange rates
Originally Posted by hitchw
who did you get that rate from??? Sounds a bit low! Market still at 2.0164
That's probably the interbank rate. Those are not available to ordinary folk.

- CDM
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Old Aug 5th 2009, 2:12 pm
  #60  
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Default Re: Pound - AUD exchange rates
Originally Posted by CDM
That's probably the interbank rate. Those are not available to ordinary folk.

- CDM
even so, I get 0.5% off market for any transfer... so if I called in now I would get around 2.0125 or thereabouts.... will call my broker as a matter of interest...
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