The exchange rate to buy Australian dollars is 1.777 according to the exchange rate. So for GBP 100 we can buy AUD 177.94. Using this exchange rate we can have a look at what sort of companies will offer us a good deal on currency transfers. The various traders out there have different deals and rates so we will have a look at a few of these traders.
The original format of transfer was the bank to bank transfer, or the interbank system which relied on Banks trading currency with one another. The banks nowadays still offer secure payments but their rates have somewhat slipped behind the curve. HSBC offers 1.673 which is a reasonable enough rate. For GBP 100 you can purchase AUD 167.29. The difference between GBP 167 and AUD 177 however is clear and it highlights the costs of this transfer system.
Travelex will give you a rate of 1.718. Travelex are a reputable name in the exchange business and they have good delivery options and prices. They also offer to buy back your Dollars for the same price they sold it to you for. However, it’s still AUD 171.83 as compared to the AUD 177 benchmark.
When you exchange with Tesco you can get a deal of 1.731. Tesco are really trying to move into the world of payments and this shows in the commitment to good rates of exchange. This is a pretty good rate and as with Travelex, Tesco offer their customers a great delivery system that is based around the amount purchased.
If you’re looking to get serious savings then the Best Exchange service can be found online and they really do put the high street companies in their place. Offering their customers fantastic rates that really do out-compete the high street competition, the low cost transfer system equates to an impressive saving with no transfer fees and 0% commission. These online companies clearly outshine their competition.
Giving you a professional service that operates from a branch the online services will deliver you a great deal for you currency needs. Their criteria is the uttermost quality and service throughout the transfer and they will normally guarantee that they will be the best rate on the market and will price match all quotes, so they are confident they will impress you when it comes to exchanging your currency.
