Best way to transfer $AU to $USD

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phil.mo...@majura.com

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Nov 4, 2009, 11:07:28 AM11/4/09
to Silicon Beach Australia
Hi all

My business needs to transfer a large slab of $AU to $USD - has anyone
looked into the way to do this and get the best exchange rate? I have
heard it's best to do the conversion in Australia...

Phil

Chris Rodrigues

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Nov 4, 2009, 7:44:01 PM11/4/09
to silicon-bea...@googlegroups.com
There are a few options - I use

Travelex
American Express

Mike

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Nov 5, 2009, 8:28:25 AM11/5/09
to Silicon Beach Australia
Hi Phil

We use latitudegt.com

There are no fees - and you get to see a live quote before you commit.
Super easy to use.

Once you've committed you transfer the funds to an Australian bank
account, and they transfer it to the nominated account. There is a
minimum however of about $3,200 AUD per transaction.

We've used it a few times to send AUD -> USD to China and it has
worked really well.

Hope that helps.

Mike
Shoes of Prey

On Nov 5, 3:07 am, "PHIL.MONTGOM...@MAJURA.COM"

Michael@Amethon

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Nov 5, 2009, 11:13:13 AM11/5/09
to Silicon Beach Australia
We use AFEX to repatriate invoice payments in foreign currencies from
customers around the world back to our Australian bank account. They
offer good exchange rates and low fees ($10 per trade).

I assume they offer a service to do what you need to do.

Regards,

Michael Stone
Amethon Solutions

BrianMenzies

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Nov 5, 2009, 4:06:40 PM11/5/09
to Silicon Beach Australia
Hi Phil

Here are two Australian companies that I have experience using.

We have used http://www.ozforex.com.au/ for bringing our personal
money out of the US (but they can work the other way too). Great
rates, great service (much more professional than the crappy web site
would suggest)

My company also uses http://axisodl.com.au/. Also a cheesy wesite,
but great rates and excellent customer service. Ask to talk to Ben
(either one) or Ed.

Good luck
Brian

m_ran...@hotmail.com

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Nov 5, 2009, 9:45:36 PM11/5/09
to Silicon Beach Australia
Hi Phil,

I've used XETrade.com for a number of years, it's an online platform
and I've never had any trouble with them.

Regards,
Mark

JJ

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Nov 5, 2009, 10:23:07 PM11/5/09
to Silicon Beach Australia
Hi Phil,

By way of introduction, I am a Business Manager with OzForex, a wholly
Australian owned specialist in global foreign exchange payments and
hedging solutions and a subsidiary of Macquarie Bank.

As a specialist in foreign exchange process improvement I work with a
number of businesses (some of which you will know from right here SB)
ensuring that they are utilising the most cost effective foreign
exchange platform and services available,

It made sense that I contact you as OzForex has a track record of
delivering successful results to companies in this industry when
dealing with international money transfers.

Please feel free to contact me at your earliest convenience:

Email: Jacob....@ozforex.com.au
Phone: 02 8667 8009

I look forward to hearing from you.

Kind Regards,

Jacob
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