Austrailian Dollars

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scott h
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For my Australian friends. Next month we will be visiting the land of OZ. My question is where is the best place to get Aus dollars? The locals who visit say to get it here, but since they buy AUS dollars with pesos that might be their only option. I will be exchanging US dollars. 

Advise please?

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mogo51
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Obviously not at the airport Scott, I just realised that is a question I don't have any experience at, as it is always the reverse for me.I bring my Aussie $ over here and cash it at the local market.

As US$ is very strong against Pesos, maybe the advise to get some here is sensible.  Where are you going to go in Oz?  Banks in Oz are notorious for poor conversion rates. but  there are money changers in Oz just depends where you are going.

Edited by mogo51
typo
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scott h
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5 minutes ago, mogo51 said:

Where are you going to go in Oz?

Sydney, nieces wedding, staying 3 weeks in the Parramatta district

I figure credit cards and even atm machines (if I can remember the pin lol) will be the order of the day. But will need to get some walking around money I am sure :SugarwareZ-005:

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sonjack2847
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1 minute ago, scott h said:

Sydney, nieces wedding, staying 3 weeks in the Parramatta district

I figure credit cards and even atm machines (if I can remember the pin lol) will be the order of the day. But will need to get some walking around money I am sure :SugarwareZ-005:

Why don`t you send yourself some money via somebody like western union.You will get a better rate than using your ATM I would imagine.

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scott h
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1 minute ago, sonjack2847 said:

Why don`t you send yourself some money

never thought about it to be honest

Just wondering what our Aussie friends do when they visit home

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RBM
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Just be sure to have plenty!!!!!!       Its sure not cheap there.

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Jack Peterson
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1 hour ago, scott h said:

Just wondering what our Aussie friends do when they visit home

 I always thought that the Average Oz had a bank account at home so no need to worry there. Seems all too many times we read, I only use a PI bank for day to day expenses and have my Pension/Salary paid into my Home Bank and just transfer as and when.

Just wondering?:wink:

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OnMyWay
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2 hours ago, scott h said:

I figure credit cards and even atm machines

If your ATM card has has high fees associated with foreign withdrawals, combined with the ATM machine fees, that could be a very high % you will lose even if the exchange rate is fine.  I have one ATM card that will refund all of those fees, up to 10 times per month, so I would use that one (if I can remember the pin :smile: ). if I were in your shoes.

My Capital One credit card has no foreign transaction fees and the exchange rate is always excellent.  I used it almost exclusively for purchases in New Zealand.

Edited by OnMyWay
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Nutz2U2
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4 hours ago, Jack Peterson said:

 I always thought that the Average Oz had a bank account at home so no need to worry there. Seems all too many times we read, I only use a PI bank for day to day expenses and have my Pension/Salary paid into my Home Bank and just transfer as and when.

Just wondering?:wink:

Hi Guys,

Generally we do have accounts and transfer larger amounts between banks - but takes a few days and generally multiple banks (=multiple charges). Rates are OK.

Western Union is same day / next day. (CASH ONLY), Same thing - rates still very acceptable as generally you would only transfer small amount of CASH.

BPI has the ability to use OZ ATM - but needs to be setup before you come to visit. My wifey is visiting PH after Xmas, and that is her agenda.

I do agree DO NOT airport money change facilities - rates are NEVER in your favour.

Edited by Nutz2U2
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bigpearl
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As sonjack said, WU, we use to send smaller amounts to our accounts and the outlaws account and they work well, imagine it would be the same back to Oz from any country,,,,,,, one would hope. For larger amounts we use an online broker to secure a better rate (talking over 10K) but you need to set up an account and if a once off visit may not be worth it. Can, if you trust a relative in Oz direct transfer to their account, send yourself 500 bucks with WU or exchange with a broker in PH before you fly out?

Enjoy the wedding scott and hope you get a chance to do a bit of sightseeing. 

Cheers, Steve.

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