Transferring money to Australia

Foreign currency exchange services

Transferring money to Australia does not need to be complicated however a lack of planning can reduce your spending power once your money arrives in Australia. Foreign currency brokers will help you get the most from foreign exchange rates when buying Australian property or transferring money to Australia. Exchange rates can be booked up to two years in advance and fees tend to be lower than your high street bank

 

Take the uncertainty away by using a currency specialist when transferring money to Australia

When buying property in Australia or making regular payments to or from Australia or other money transactions it is important to receive specialist currency advice. This will allow you to obtain the best foreign currency exchange rates against the Australian Dollar

 

            Money transfers to Australia can be made easy using the right broker

 

Australian Dollars a case study

For example, a couple wishing to purchase a property in Melbourne for 200,000 Australian dollars would have paid the sterling equivalent of £82,802 in August 2005. Six months later they would have paid £84,563 for the same property. By securing an exchange rate in advance, they would have made a saving of almost £2,000.

 

The Australian Dollar

You will find that the Australian Dollars Is used in the following areas Australian Antarctic Territory, Christmas Island, Cocos Islands, Heard and McDonald Islands, Kiribati, Nauru, Norfolk Island, Territory of Ashmore and Cartier Islands, Territory of Coral Sea Islands and Tuvalu.

 

Australian Dollar currency restrictions

The import and export of local and foreign currencies are free. Amounts over AUD$10,000 must be reported to the Australian Transaction reports and Analysis centre (AUSTRAC).

 

Specialist currency dealers can save you thousands transferring money to Australia

FX dealers who specialise in giving both individuals and corporate clients currency exchange advice can literally save you thousands when buying property abroad. They can f find the best exchange rates available to make your currency transaction as smooth as possible - and save you both time and money.

 

Frequently asked Australian money transfer questions

Foreign Currency exchange services

 

Why should I use a currency broker to move money to and from Australia as opposed to my bank?
Staff at your high street bank possess neither the expertise nor the market information to either offer you competitive exchange rates or monitor the currency markets on your behalf to help you get the best deal.

 

How does a currency dealer save me money?
Firstly, by offering better rates of exchange than the banks when you need to trade and secondly by ensuring that you trade at the most favorable time. The purpose is always to get you more currency for your currency

 

Is dealing with a currency broker going to be time consuming?
Definitely not. Opening a Trading Facility takes only a few minutes and then everything else can be dealt with instantly over the telephone. The money that you will save will be worth a few extra minutes.

 

What is the minimum amount that I can transact?
Usually a minimum transaction of £5,000, but most currency fx dealers have facilities to handle smaller amounts. The minimum monthly amount that you can send under Regular Payment Plans is £250.

 

How do I set up an account with Moneycorp?
We will open a trading facility for you as soon as we receive your completed Trading Agreement. This will enable us to immediately start monitoring the markets on your behalf.  

 

 

How much will this cost me?
Moneycorp charges no commission fees. The only cost will be a £15 telegraphic transfer fee.

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