I am looking for the best way to change my £sterling to $AUD & contacted a company called HiFX plc from the discussion forum. The initial contact was very informative & the whole process seems good. I would be interested to hear from people who have used them with regard to a)rates vs. elsewhere - there was only a 0.5% improvement in rate when changing £5,000 or £100,000/£180,000 which surprised me and b)how secure is my money in the event the company folds between £payment & receipt of $AUD. Any thoughts on this would be welcome, please.
HIFX recently dealt with my bond payment ($A100,000) I can only say from personal experience but they seemed to do a good job. No paperwork was lost and all dealings with Queensland Treasury Corporation went well.I was kept in touch through the whole deal. They were easily contacted and all my phone calls or e-mails were dealt with quickley, I don't think I could have asked for more. Obviously I haven't had any experience with any of the other currency exchange companied but HIFX were recommended by my agent, who as far as I was aware had no vested intrest. By the way I got $2.42 to the GBP which I was told was a good rate at the moment, I know a friend of mine got about the same 2 years ago so I'm not sure you can make a lot on the exchange just be carefull not to loose any. I will have GBP160,000 ($A387,200?)to exchange in about 2-3 months so I'm hoping it moves positively a little bit. Good luck
Steve 38, Tracey 36, Ashlee 9, Ellis 6, Aleysia 3, off to Brisse, 2005.
Posts: 26 | Location: wolverhampton | Registered: 05 April 2005