Comments on: I need help figuring out a money exchange? http://www.extrememoneymakingonline.com/i-need-money-now/i-need-help-figuring-out-a-money-exchange Learn How to Make Money... Wed, 08 Feb 2012 00:58:42 +0000 http://wordpress.org/?v=2.5.1 By: Itchy1977 http://www.extrememoneymakingonline.com/i-need-money-now/i-need-help-figuring-out-a-money-exchange#comment-6141 Itchy1977 Tue, 31 Mar 2009 17:57:59 +0000 http://www.extrememoneymakingonline.com/i-need-money-now/i-need-help-figuring-out-a-money-exchange#comment-6141 For that amount you are better of using a specialist currency broker. You should get a much better rate than banks in either the UK or Australia. you can see 'Interbank' rates on currency converters like xe.com. The rate you get will be slightly below this. Banks can be up to 4% below this. A broker should keep you within 1%. Good luck!<br><b>References : </b><br>http://foremostcurrencygroup.blogspot.com For that amount you are better of using a specialist currency broker. You should get a much better rate than banks in either the UK or Australia.

you can see 'Interbank' rates on currency converters like xe.com. The rate you get will be slightly below this. Banks can be up to 4% below this. A broker should keep you within 1%.

Good luck!
References :
http://foremostcurrencygroup.blogspot.com

]]> By: Richard http://www.extrememoneymakingonline.com/i-need-money-now/i-need-help-figuring-out-a-money-exchange#comment-6140 Richard Tue, 31 Mar 2009 17:11:59 +0000 http://www.extrememoneymakingonline.com/i-need-money-now/i-need-help-figuring-out-a-money-exchange#comment-6140 The current exchange rate is around 2.095 AUD per GBP, but there are always fees involved in currency exchanges. You need to contact the bank or institution in the U.K. to find out the amount in AUD they would send you if you took the inheritance in Australian dollars. Then contact your local bank in Australia and ask them how many AUD they would give you for 5,000 GBP. They should both be close to 10,475 AUD. It all depends on the fees, commissions, etc. that each charges. Choose the alternative with the highest net result in AUD.<br><b>References : </b><br> The current exchange rate is around 2.095 AUD per GBP, but there are always fees involved in currency exchanges.

You need to contact the bank or institution in the U.K. to find out the amount in AUD they would send you if you took the inheritance in Australian dollars. Then contact your local bank in Australia and ask them how many AUD they would give you for 5,000 GBP.

They should both be close to 10,475 AUD. It all depends on the fees, commissions, etc. that each charges. Choose the alternative with the highest net result in AUD.
References :

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