BankWest rates

June 25th, 2010

Dear fxadmin

Thankyou for your helpful website.

I would like to draw your attention to the Bankwest advertised rates .

My wife visited the George Street store to exchange $5000  for euros & they advised you needed to be a customer to exchange , not a problem for us we have an account .

Bankwest advised that she needed to visit the office in Castlereagh street to do the exchange.

She was advised that they would need to order in the currency & it could take a week (but could not guarantee the rate)

I just don’t think Bankwest should be promoted for fx if they can’t deliver on their advertised rate.

This makes your website which should be a very good source of consumer information effectively useless.

We ended up exchanging elsewhere, no great problem,  but I felt I needed to pass this on.

Thanks

Bug/suggestion?

March 20th, 2010

Found a bug or got a suggestion?

Then leave it below as a comment and we’ll get onto it!

Exchange Rates Today!

November 12th, 2009

Well we are seeing more and more interest in what our site has to offer. There is now a large group of loyal followers that are getting access to the Best Exchange Rates today.

Here is some of the great feedback that we have receieved from the users of the site

Hi, I have taken your advice and stopped pacing up and down the streets of Chatswood on my lunch break looking for the bank with the best rate…your site is great!  Craig from Chatswood

I’d like to thank you for your website, you guys opened my eyes into how much of a % commonwealth bank takes. I don’t send that much compared to other businesses, but when I compared the difference from hsbc to commonwealth I could have saved myself about $1500 per year.  matt

So there are a few happy customers out there benefitting from the service!

Where to find Currency Exchange Locations

September 23rd, 2009

Welcome again to bestexchangerates blog. Hopefully like myself you are getting great use out of bestexchangerates.com.au. We are getting lots of positive feedback from people using it to compare foreign currency exchange rates, using the foreign currency calculators and of course getting the best exchange rates. Some of the new features include our branch locator – which enables you to find your nearest Foreign Currency Exchange outlet. Give it a try here .
What we have found is that many banks profess to have Foreign Currency notes available at all of their outlets – the reality is a bit different. Only selected branches will have anything but the major currencies USD, JPY, EUR, NZD, CAD and HKD. Some branches will not hold any foreign currency notes at all! To offset this most will be more than happy to have transferred an appropriate amount of foreign currency notes to the branch but this can take up to 48 hours. So by using our branch locator you can save yourself some time. If you find a branch that doesn’t hold the notes you want feel free to drop us a line at fxadmin@bestexchangerates.com.au . Sometimes you may see a better rate – but they may not have the notes that you are after.
Next week we will go into the pros and cons of buying foreign currency notes against using your credit card to make foreign currency purchases.

Where to find the best foreign currency exchange rates…

August 20th, 2009

I have seen it happen. People wasting their lunch hours running up and down the street comparing the rate boards outside the banks – just to see who has the best Foreign Currency Exchange Rates. Well now everyone need look no further than bestExchangeRates.com.au !

We have designed this site so that you need no longer worry about being short changed by just accepting the rates on offer. You can visit our site and see who has the best rates. We help you with useful tools such as currency calculators and locations of where the best rates can be found.

I am often asked why exchange rates will vary from place to place. It largely comes down to the FX Markets. Like all things a market exists for Foreign Currency. Every day trillions of dollars of Foreign Currency is exchanged across the world. This is mostly  done electronically between major banks and institutions but also locally between local banks, people traveling and other exchange businesses like Travelex and Western Union. As with other goods  there is not just one market and often the price of something in one market can vary greatly to another market. This largely comes down to Supply and Demand at that market.  Some places are also more interested in getting your business so they are prepared to offer a better price or in this case a better exchange rate.

bestExchangeRates.com.au makes it easy to find who on any given day can offer you the best deal in exchanging your foreign currency. We hope that you find our service useful and we welcome feedback and suggestions.

Thanks

fxPhil

Welcome to the Best Exchange Rates blog!

August 10th, 2009

Stay tuned for regular updates…