As we approach year-end the Australian dollar is hovering around parity. So armed with the clarity of hindsight we re-visit our selected analysts forecasts from back in May, some of their predictions are doing better than others... >>
There are lots of ways; most importantly you need some information. When you use our Best Exchange Rate Calculator you can see who is offering the best deal for your needs, and who is taking the smallest margin from the current market mid rate. >>
Some foreign currency exchange outlets may be more keen for your business or have a lower cost base and can therefore afford to provide better rates. You also need to watch out for additional fees that you might get when exchanging money. Some places will also charge you a transaction fee on top for foreign currency notes and coins >>
When it comes down to small businesses or an individual looking to exchange foreign currencies - the spread we get is very different. If you look at the average bank they are giving you a spread of around >>
Most people these days go for credit and debit cards over cash or travellers cheques. The cards main advantage is that exchange booths don't have to be open for you to be able to change money >>
Foreign exchange rates are constantly changing. Indeed the FX markets are active 24 hours a day 5 days a week. There are even some middle eastern countries that continue to trade FX on the weekends. >>