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 Not transfering foreign currency
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By: citation_au
1/11/2007
10:44 am Yahoo! Profile:
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| I believe the safest way to take money overseas is to carry a combination of different forms, Travellers cheques are handy cause if stolen they can be replaced, atm American express have a offer commission free travellers cheques (Note American Express is simply a rip off merchant like the big banks when buying FX Cash off them, dont bother cause the just slap u with fees). I like to take some cash, The places I have used in the past are either Nationwide Foreign Currency Exchange, a private dealer located in most Major Australia cities (No commission and also competitive rates) also believe it or not but you can also order money online via travelex. I have in the past walked past the travelex store and laughed, they give the most rediculous rates worser than the banks and charge a fee, what a joke. If you buy online there are no commissions and the exchange rates are excellent, in fact the best I can get. I think its always good to take a Creditcard or Debitcard also just in case, they are always good for a backup. Hope this helps |
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By: garigolf
30/10/2007
9:19 pm Yahoo! Profile:
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Dangerous to walk around with a heap of cash in your pocket Vonstr..
The AUD is massively strong against the GBP, EUR and against the USD so just take along your debit card and get cash from the hole in the wall as you travel and need it
I travel every couple of months and found that money changing is bad news. Countries seem to value their own money more than others so get it at destination.
Dunno what Aussie banks charge for withdrawals but in comparison, UK banks charge me approx GBP5-6 for every GBP 100 withdrawn abroad - call it insurance against robbery of a larger amount.
If you have a CUA Brisbane account, their card enables you to charge from abroad at day's mid rates and with no extra charges (unless the foreign bank charges). I used a CUA card up in the north for over a year and was very happy. Only available with an Aussie address and CUA introduced something on turnover or minimum balance if I remember correctly.
Ask around and try to get a card based on a savings account
Good luck and good travels
Check out my http://travel.holidays.com Worldwide links site and associated sites for ideas and good prices. Watch AirNews for coming cheapos for Transatlantic flights (Ryanair want to do it for GBP 8 one way) and the like.
TIP If you are headed for North USA, consider flying Canada and save yourself 1/2 day of getting into the place |
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By: vonstratis
30/10/2007
2:04 pm Yahoo! Profile:
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| One of the posters here already asked this question but the reply wasn't clear. I don't want to transfer any aussie dollars to another current - Just want the best rate to exchange aussie dollars to USD (or any other) for a holiday thats it. Can some one suggest where in plain English? |
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