I need to pay someone in the UK 30,000 pounds. Is there a way to make this cash transfer from Aussie dollars more effective for me i.e. do some aussie banks offer better exchange rates? Do I convert first to one currency then to GBP? Or do I just use my Westpac branch and forget all the spin and just use their exchange rate? Newbie question, though appreciate any help..a small fluctuation in rate means more dollars to convert..and it looks like the AUD:GBP rate is going back in the favour of the GBP at least in the medium term (damn I missed the 0.47 a few days back)
Thanks for the help guys.