I want to exchange Australian to American dollars? How do I get the best rate? Currency trading?
I have ,500 Australian dollars to change to American dollars (I have more, but will wait for a later date to exchange). My local bank said the rate they would give me is 0.75 cents USD for AUD. They said they use FX teller. Online the rates show .80 cents USD for AUD. How do I get the best rate? I saw an online site for currency trading called :
http://www.forexmicrolot.com/mission-statement.jsp
Should I try a currency trader site? Can you trade and remove your funds to a bank account easily? Do they give a better rate than a bank? I think to open an account was .00 which is fine because I’d be saving enough to make it worth that much.
Please help if you have exchange large quantities of money in the past.
Tagged with: american dollars • aud • australian dollars • currency trader • Currency Trading • jsp • local bank • mission statement • money • quantities
Filed under: FX Online Trading
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Best bet is to use a specialist currency brokerage. There’s lots to choose from, and they should get you a rate around 1% under the interbank rate you see published on currency converters.