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Foreign Exchange

the best way to change money

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By: dgbrown_98
13/08/2009
11:02 am

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Re:the best way to change money Reply to this message
You can compare the best currency exchange rates from the Australian banks all in one place at http://bestexchangerates.com.au
There's also some handy tips on how to get the best rates, hope this helps!

By: ecchi.gaijin
2/12/2008
4:56 pm

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Re:the best way to change money Reply to this message
Not sure what amounts of money you are taking out of an ATM, but isn't $500 usually a per transaction max? $10 on $500 would equate to a 2 cent variance on the exchange rate, which doesn't sound very cheap to me.

By: flamebaiter
2/12/2008
3:26 pm

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Re:the best way to change money Reply to this message
That is the method I always use. I pay a fee for a none bank ATM and no exchange rate discount in the banks favour. The ATM fee is about $10 for an overseas ATM. It is way out in front of trying to send money and/or changing money.

By: en_bt
28/11/2008
5:00 pm

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Re:the best way to change money Reply to this message
Citibank, Wacovia etc......Tut...Tut.

By: en_bt
28/11/2008
4:59 pm

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Re:the best way to change money Reply to this message
"msbroadf" - why did you decide to change AUD when it was in its worse freefall - a month or three earlier would have been more opportune. Luckily you're still in front though due to the $Oz tanking it even more !

And why use a bank to give you a "rip-off" rate on such a large transaction ?

By: racqu22
7/11/2007
1:08 pm

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Re:the best way to change money Reply to this message
That seems like a great idea, I'll have to look into it, thanks! maybe they were welcoming to you because of your large deposit sum..? I wonder if they would open an account for a say $1000.
Can you recommend any American banks? and do you know if there are any set up fees etc. many thanks

By: bomberbernie36
17/10/2007
7:06 am

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  bomberbernie36

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Re:the best way to change money Reply to this message
i am also wanting to know where to get the best exchange rate i am going to hawaii this weekend and i need to change currency

By: blondmill
22/07/2006
11:51 am

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By: lionheart392001
14/07/2006
11:08 am

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  lionheart392001

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Re:the best way to change money Reply to this message
You are so right. The banks have a Converter on their websites but try to get the exchange rate they advertise within 15 minutes of you arriving there.I am aware that the rates fluctuate but not as much as I found out & they do not allow you to print the information.

By: robertchow22
26/06/2006
9:35 pm

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Re:the best way to change money Reply to this message
The bank charge you a fee to do your business and clobber you with their exchage rate at the same time. I you bought a bank draft and try to get your money back because of changing circumstances they'll take you to the dry cleaner.

By: world_wide_talk
14/12/2005
10:09 am

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By: googl45678
25/08/2005
12:27 pm

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By: googl45678
25/08/2005
12:25 pm

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By: aztrix
21/08/2005
9:58 pm

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Re:the best way to change money Reply to this message
Howzit Folks?

I've found that the banks screw you big time. I transfer money all over the world and use xe.com which consistemtly outperforms the banks. Even if you don't use them it is worthwhile comparing with your bank rate.

Cheers
Aztrix

By: hgrossmith
16/08/2005
1:05 am

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Re:the best way to change money Reply to this message
Just a thought can you not put the lot on your credit card?

By: msbroadf
1/08/2005
9:47 am

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Re:the best way to change money Reply to this message
I have transferred large amounts of $A to US$ (>$A150k) recently to purchase property in the US. You need to open a US bank account using your passport. Get the US banks routing (ABA) number (usually 9 digit number). Then walk into your aussie bank, and give them the routing number of the US bank, and the amount to be transferred. They will give you the rate and make the transfer. I highly recommend using direct bank-bank transfers rather than using a third party as you will get the best rate.

By: ynn_jsh
19/07/2005
5:05 am

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By: waynejoann_berge
19/07/2005
1:25 am

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Re:the best way to change money Reply to this message
I WOULD LIKE TO NO HOW I AM ALL EAR'S

By: goosmurf
30/05/2005
9:20 pm

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Re:the best way to change money Reply to this message
Interbank transfer?? These usually happen much closer to the spot rate.

I'm assuming you don't intend to carry a hundred Gs out in cash :)

By: adrianjonbrown
30/05/2005
3:28 pm

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  adrianjonbrown

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the best way to change money Reply to this message
I've been thinking about changing AUS dollars into US dollars - when you get over the hundred thousand dollar range, surely you don't use people like Travelex? What is the cheapest way to exchange lots of Australian money to foreign currency?
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