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Old 02-05-2008, 09:39 PM   #6 (permalink)
jorgon
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I think the general view is that if you use a foreign exchange merchant such as OzForex you will get a better exchange rate than a bank. However GollyW says that you can't send money directly to DIAC so it looks like the best option would be transfer via foreign exchange merchant to your sponser's bank. It would be interesting to compare the exchange rates though between your High Street bank and the foreign exchange merchant. If you do this could you post your findings, it would be very helpful?
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