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exchange rates


Guest michele'n'michael

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Guest 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??

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Guest 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.

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Guest 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.

:daydreaming:

Andy

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  • 3 weeks later...
Guest michele'n'michael
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.

:daydreaming:

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!

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Guest michele'n'michael
I think that Paul Daniels has retired.................you could ask him!

:biglaugh:

HTH

 

Huh he was rubbish anyway!!

I'm off to see the Wizard of Oz!!! lol:biglaugh::biglaugh::biglaugh:

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Guest 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

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Guest 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.

:unsure:

Andy

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Guest longland

I used to use the Exchange Business quite regularly when we had property in Florida, I went through a few companies before finding this company, they were extremely easy to deal with and got great rates Foreign Currency Exchange, today’s best exchange rate - Xchangebusiness

we are reluctant to send our UK funds across at the moment until the pound strengthens against the dollar.

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Guest michele'n'michael

Well how typical is this. Phoned UKforex to place a " limit order" ie; a lockin a deal for $213 to the £ as I can only see the ££ getting weaker & the rate hit the 213 half a hour before I'd phoned!!!

Arhhhh!!!

Michele

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Guest roger ramjet

Bloomberg.com is a good site for finding out what the spot rate is. There is a 15 minute delay on the feed so it's not a bad indication of the real time fx rate. The 1st contact site is also good (www.1stcontact.com). Money brokers such as HIFX and ozforex and 1st contact quote rates. Banks will also quote rates for large value transfers.

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