exchange rates

[michele'n'michael]

Hi all, does anyone know the best way to check the daily exchange rate for moving your money with a transfer company from a uk bank acct to an Oz one??

[orangegerbera2003]

We use a company called HIFX (Foreign Exchange Specialists | HiFX plc) - if you call them on: 01753 859 159 they will be able to give you some good rates. I found them really efficient and our money transferred within a day from them. Banks don't give as good rates as companies which specialise in foreign exchange (such as HIFX). I did a lot of research into various companies (as one need to feel one can trust them) and I read a lot about HIFX, which transfers millions of pounds a day around the world. I have noticed that Ozforex is advertising a lot on Pomsinoz, and this website gives you current interbank rates: Oz Forex Foreign Exchange - Interbank Rate Snapshot. The rates you may receive are slightly less than this, but at least it gives you an idea on how the exchange rates are going. I haven't used Oxforex to transfer money, so don't know what they can offer. Hope this helps! All the best.

[michele'n'michael]

thanx for that!! Its a great help Michele xx

[HPRYCE]

We used Ozforex and were very happy with them.

[AndyJo&Lewis]

Hi,
The Oz Forex Snap shop is pretty good but for real time exchange rates and the ability to view the exchange rates over longer time frames go to aussiemove.com and click on the link on the home page. Altering the time scales can be useful because you might be able to spot trends in fluctuations between the aussie dollar and the pound, although it is difficult to predict either way.

Andy

[michele'n'michael]

Originally Posted by AndyJo&Lewis

Hi,
The Oz Forex Snap shop is pretty good but for real time exchange rates and the ability to view the exchange rates over longer time frames go to aussiemove.com and click on the link on the home page. Altering the time scales can be useful because you might be able to spot trends in fluctuations between the aussie dollar and the pound, although it is difficult to predict either way.

Andy

Sooooooooo,,, has anyone got a time machine or magic wand cos I feel really down that a month before we go to Oz the rates go gazump & I want to see if they're gonna improve!

[AndyJo&Lewis]

I think that Paul Daniels has retired.................you could ask him!

HTH

[michele'n'michael]

Originally Posted by AndyJo&Lewis

I think that Paul Daniels has retired.................you could ask him!

HTH

Huh he was rubbish anyway!!
I'm off to see the Wizard of Oz!!! lol

[English Oak]

I have an amount to transfer just above the 3k uk With forex
But just caught an article in todays Australian 22.2.08 regarding


The nations banking regulator has ramped up scrutiny
of banks and insurance providers, as the credit crisis
spreads through global markets Thay are saying there
remains DOUBT that there losses offshore have been
fully identified and made transparent to investors
Chairman of the national banking regulator
has WARNED all banks in Australia to ensure
the value of there assets are realistic and
he wants to know HOW thay are going to
finance themselfs this year

Well it makes intresting reading if one goes belly up like one one bank did in South Australia pyramid
not so long ago it could put A$ in a bit of freefall

90%of thread has been taken from an article from the Australian it is an opinion only
and not for disection with a fine tooth comb by other members Thank you

[AndyJo&Lewis]

Very interesting, thanks English Oak. From the sounds of it then there is alot of uncertainty within the banking sector and god knows whats gonna happen! I am going to hold on to my money for a while and see what happens, that is my personal opinion........touch wood.

Andy