Could anyone share thier recent FX experiences from GBP to Oz dollar.
We have approx £80k to transfer and have had discussions with HIFX and the Commonwealth, both of whom seem very professional, is there a more competitive alternative to ensure max return?
Is there a time restriction as to how long you have to exchange once you arrive in Oz, are there any pitfalls, tax implications etc?
Crystal ball time I know but what is the general concensus on the strength of the pound against the Oz dollar over the next three to six months?
Any advice and experiences would be most welcome and very much appreciated.
Many thanks in advance,
Cartsy

I have used Ozforex in the past. Good service and good rates. HIFX also look to offer good rates.

As for what the AUD will do. No-one can tell you that. If you love the rate, do it, otherwise exchange 20k at a time. Scaling in is usually a safer bet that an all or nothing approach.

Hi,

Moving exactly the same amount as you!!! Spoke to a company today who said they would always beat the rates with HIFX etc.

They were www.icnforex.com maybe worth giving them a try.