Re: Pound - AUD exchange rates
 

That sounds pretty good. Are there any fees involved on top of that? HiFX guarantee no sending or receiving fees either from themselves OR from the sending & receiving banks.

Now that I've sent the money, the rate will undoubtedly get better. Just my luck ;)

- CDM

Re: Pound - AUD exchange rates
 

No use to you now, but I get inter-bank rate doing transfers from HSBC UK to HSBC AU. Got 2.077 when I did a transfer of £2k the other week. I'm kicking myself now that I didn't transfer more :thumbdown:

Re: Pound - AUD exchange rates
 

just called in, told me 2.0129. Only time I have to pay charge is if it is under 5grand Uk. they also cover the receiving charge etc, so the amount i book is the amount that hits wherever im sending it...

Re: Pound - AUD exchange rates
 

That's pretty good. You would get around AU$200 more than me on a transfer of £10,000 with that rate. But then again, the spread over any given day would amount to delta of more than that amount anyway so it's swings and roundabouts.

If think I should stop looking at the exchange rate from here on in, as it's a done deal for me now and I can only stand to get depressed if the rate gets any better ;-)

- CDM

Re: Pound - AUD exchange rates
 

thats the thing, whenever i have done any transfers, once I commit to it, i dont really watch the rate after, even if i do see it has come up somewhat i just think "well, i got the best rate at the time so that will do me." Hindsight is not the best trait we have.

Re: Pound - AUD exchange rates
 

I use Cornhill FX www.cornhillfx.com they always give a really tight rate, about 1 cent from the interbank on about £10k and closer for larger amounts. I also have my own broker that i can always get through to.

Hope this is helpful, good luck!

By the way thanks for trading today CDM, you have already started to make the rates increase ;-)

Re: Pound - AUD exchange rates
 

Apologies - fora or forums (search for foreign exchange) - I personally would not give a recommendation on someone I had not used - have used HIFX and happy with their service - ozforex is mentioned in other threads, plus others. If and when we sell the house and need to make a large transfer, I will be plugged into at least 2 or 3 for their rates.

Re: Pound - AUD exchange rates
 

I'm not entirely sure that my measly £10,000 would have any impact. Probably considerably less than a small fraction of a percent of the overall trading volume.

Still, glad I could help :p

- CDM

Re: Pound - AUD exchange rates
 

Anybody tried Caxton FX?

Re: Pound - AUD exchange rates
 

1.9663!!! Is this the lowest ever? :curse: :mad:

Re: Pound - AUD exchange rates
 

Since 1997 I believe. If I only knew what the future holds.....

Re: Pound - AUD exchange rates
 

http://www.dailyfx.com/

Drive yourselves daft and start reading this daily. :)

At the moment they are predicting the AUD is nearing the top, but that's against the USD. The pound will probably keep sliding against the AUD, that being a reflection of just how much debt the UK economy has taken on with the quantative easing.

Re: Pound - AUD exchange rates
 

That is the best advice you can give yourself... ;)

Re: Pound - AUD exchange rates
 

As stated earlier :

http://www.kvbkunlun.com/en/index.aspx

Re: Pound - AUD exchange rates
 

Just shows what the financial markets/experts think of the great job NuLabour and in particular Gordon Brown has done running (ruining) the UK economy ! :curse: THanks Gordon, nice one :eek: