sunshinedawn Posted October 19, 2017 Share Posted October 19, 2017 I'm not the best at exchange rates I get confused.Are the exchange rates better in Oz than UK. Just need to work out if it's worth us changing money before we go or when we land Sent from my HUAWEI VNS-L31 using PomsinOz mobile app Quote Link to comment Share on other sites More sharing options...
bristolman Posted October 19, 2017 Share Posted October 19, 2017 Strictly speaking the rate should be the same in either country at any given time and it could change noticeably while you are in transit. Quote Link to comment Share on other sites More sharing options...
Guest Posted October 20, 2017 Share Posted October 20, 2017 I use https://transferwise.com/au and have been very happy with it Quote Link to comment Share on other sites More sharing options...
Guest Posted October 20, 2017 Share Posted October 20, 2017 If you are talking some cash to take for incidentals and stuff when you arrive then I'd just change it via your bank or PO or some place before you leave. It'll be a crappy rate but smaller amounts usually are. If you are wanting cash to spend at airports in transit or some such they'll take £ or $ currency in notes and convert via the checkout and give you change back in the local currency. So £ would be fine when in transit. If you are talking a larger amount then I'd use a forex company and spend a bit of time familiarising yourself with how the rates work and the exchange process and decide when is the best time for you as and when. You generally get better rates than doing UK bank exchange into an Aus account plus no fees. On larger amounts it can really add up. Inform yourself and read up on how a forex system works. You will need am Aus and UK bank account. Certain Aus banks allow you to open an account from overseas so it's all set up waiting for you to activate once you arrive. We did this with Commonwealth without any issues. We've used a forex for years and get far better rates than banks offer. And as said, no fees. Quote Link to comment Share on other sites More sharing options...
sunshinedawn Posted October 20, 2017 Author Share Posted October 20, 2017 If you are talking some cash to take for incidentals and stuff when you arrive then I'd just change it via your bank or PO or some place before you leave. It'll be a crappy rate but smaller amounts usually are. If you are wanting cash to spend at airports in transit or some such they'll take £ or $ currency in notes and convert via the checkout and give you change back in the local currency. So £ would be fine when in transit. If you are talking a larger amount then I'd use a forex company and spend a bit of time familiarising yourself with how the rates work and the exchange process and decide when is the best time for you as and when. You generally get better rates than doing UK bank exchange into an Aus account plus no fees. On larger amounts it can really add up. Inform yourself and read up on how a forex system works. You will need am Aus and UK bank account. Certain Aus banks allow you to open an account from overseas so it's all set up waiting for you to activate once you arrive. We did this with Commonwealth without any issues. We've used a forex for years and get far better rates than banks offer. And as said, no fees. Thanks, we are just bringing some money with us to pay for taxis etc when we land, we have opened an account with ANZ Bank so we need to validate it when we landSent from my HUAWEI VNS-L31 using PomsinOz mobile app Quote Link to comment Share on other sites More sharing options...
Guest John from Moneycorp Posted October 20, 2017 Share Posted October 20, 2017 20 hours ago, sunshinedawn said: I'm not the best at exchange rates I get confused. Are the exchange rates better in Oz than UK. Just need to work out if it's worth us changing money before we go or when we land Sent from my HUAWEI VNS-L31 using PomsinOz mobile app Happy to arrange a chat and I can talk through it with you - private message me or can send an email to john.kinghorn@moneycorp.com Thanks John Quote Link to comment Share on other sites More sharing options...
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