Buying Foreign Currency - Aussie Stock Forums

Results 1 to 7 of 7
  1. #1
    Formerly known as JTC JTLP's Avatar
    Join Date
    Nov 2007

    Default Buying Foreign Currency

    I'm sure there is a thread on it (i've probably started it) but I really can't find it.

    Anyway - is there anywhere out there (Online or instore) that gives a half decent rate when buying physical foreign currency?

    Thanks in advance!

  2. #2
    Mod: Call me Dendrobranchiata prawn_86's Avatar
    Join Date
    May 2007
    Los Angeles
    Blog Entries

    Default Re: Buying Foreign Currency

    Short answer: No.

  3. #3

    Default Re: Buying Foreign Currency

    Some banks are better than others. Last time I checked NAB were the best, but it doesn't matter where you go you will get rorted.

    Try Ozforex if you want to transfer money (O/S) , then transfer back. I'm not sure what the exchange fees back & forth will be like though.

  4. #4

    Default Re: Buying Foreign Currency

    I guess if you are looking to find foreign currencies you can look at these site, which I also use to compare for bank rates deposit.org, from there you can be able to find where to buy currencies.

  5. #5

    Default Re: Buying Foreign Currency

    Physical is hard to buy at good prices. My rule of thumb when travelling is ATM's are the almost always the cheapest method of obtaining physical currency.

    FWIW, I use World First for transfers.

  6. #6

    Default Re: Buying Foreign Currency

    Im travelling at the start of the year and grabbed a 28 Degrees credit card which has zero fees on currency conversions - http://www.28degreescard.com.au/

    These guys do have other fees and charges which you can reduce down by removing insurance, electronic statements etc.

    Im keeping my limit to the minimum $1000AUD and loading this up with cash (overpaying) before any purchases/cash advances when overseas.

    Unless I have missed something all I will pay is the non aligned ATM fee.

  7. #7

    Default Re: Buying Foreign Currency

    Quote Originally Posted by G-Zilla View Post
    Unless I have missed something all I will pay is the non aligned ATM fee.
    This is all very good if you just happen to be going on holiday to the country in question (I use this exact method).

    But to the OP, no, yo' gonna get gouged. Travelex - gouge. Bank - gouge.

    Oh for the good old days when there were no currencies .

Similar Threads

  1. Foreign currency account: Which bank will be best?
    By gabbys in forum International Markets
    Replies: 1
    Last Post: 2nd-April-2011, 10:59 AM
  2. Difference in buying shares to buying options?
    By mattryanshares in forum Beginner's Lounge
    Replies: 12
    Last Post: 6th-February-2011, 09:49 PM
  3. Buying Currency
    By rtjoa in forum Beginner's Lounge
    Replies: 5
    Last Post: 12th-November-2010, 03:49 PM
  4. Replies: 22
    Last Post: 26th-February-2009, 04:28 PM
  5. Foreign Debt
    By mime in forum General Investment and Economics
    Replies: 12
    Last Post: 2nd-June-2005, 06:23 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Aussie Stock Forums