If you have used the bank to transfer money overseas and found the process long winded and loaded with fees it is probably time you spoke with a currency broker who can offer you better exchange rates. The account opening process should be straight forward and the pricing offered transparent so that there are no hidden fees or commission. If you would like to compare exchange rates with your bank you may be surprised as to how much a currency broker can save you. Typically the saving can be up to 4% depending on the volume that you may be looking to transfer. The difference this can make on a AUD$200,000 currency transfer could be as much as £5,300 a huge difference I’m sure you’ll agree.
Therefore, if you would like to speak with an experienced currency broker as to how the process works when exchanging Australian Dollars or indeed any other foreign currency please do not hesitate to contact me Tom Holian [email protected] quoting ‘Australian Dollar Forecast’ for preferential exchange rates.