Welcome to the Australian Ford Forums forum.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and inserts advertising. By joining our free community you will have access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features without post based advertising banners. Registration is simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact us.

Please Note: All new registrations go through a manual approval queue to keep spammers out. This is checked twice each day so there will be a delay before your registration is activated.

Go Back   Australian Ford Forums > General Topics > Non Ford Related Community Forums > The Bar

The Bar For non Automotive Related Chat

Reply
 
Thread Tools Display Modes
Old 03-12-2015, 06:21 PM   #1
tregs
FF.Com.Au Hardcore
 
tregs's Avatar
 
Join Date: Sep 2007
Posts: 698
Default Exchange rates AUD to USD

Hi Guys

Im heading to America on the 14th for a month and now in thinking about exchanging cash and getting a travel card before I leave. Looking at the current exchange rate its 73 cents to the dollar but when I look at exchanging online they are only offering 69-70 cents. Can anyone tell me why this is?.
__________________
Missing the turbo feeling can’t wait to get back into another xr6t
tregs is offline   Reply With Quote Multi-Quote with this Post
Old 03-12-2015, 06:35 PM   #2
Ross 1
Donating Member
Donating Member3
 
Join Date: Oct 2013
Location: Wellington NZ
Posts: 11,280
Default Re: Exchange rates AUD to USD

That 3-4c difference in every dollar is the financial institution making money.
Ross 1 is online now   Reply With Quote Multi-Quote with this Post
Old 03-12-2015, 07:49 PM   #3
theunfairadvant
Regular Member
 
Join Date: May 2007
Location: Sydney
Posts: 439
Default Re: Exchange rates AUD to USD

DO NOT DO NOT DO NOT get a travel card as their fees are much higher
and some of them are a absolute ripoff, the best is just to carry cash or your own credit card.
I carry UK pounds everywhere i go.

I have try out most of the travel card when i travel to the USA,
and in the end it ended out costing me more money in the end.

You can just Google it and you can find all the travel card is just a scam.

Make sure you go to Nordstrom for shopping and not discount outlets.
theunfairadvant is offline   Reply With Quote Multi-Quote with this Post
2 users like this post:
Old 03-12-2015, 11:36 PM   #4
Pedro
FF.Com.Au Hardcore
 
Pedro's Avatar
 
Join Date: Oct 2005
Location: Hervey Bay
Posts: 4,198
Default Re: Exchange rates AUD to USD

Quote:
Originally Posted by theunfairadvant View Post
DO NOT DO NOT DO NOT get a travel card as their fees are much higher
and some of them are a absolute ripoff, the best is just to carry cash or your own credit card.
I carry UK pounds everywhere i go.

I have try out most of the travel card when i travel to the USA,
and in the end it ended out costing me more money in the end.

You can just Google it and you can find all the travel card is just a scam.

Make sure you go to Nordstrom for shopping and not discount outlets.
Are you joking? If so I'm sorry for being slow on the uptake.
If not, I don't know where you're coming from. I used to go to the States every year up to a couple of years ago and always used ANZ travel card. The cash in it is what you put in there at the exchange rate of the day you put the money in, and there are no other charges.
And Nordstrom is the most expensive chain in USA ... yeah you were joking right?
Pedro is offline   Reply With Quote Multi-Quote with this Post
Old 03-12-2015, 11:48 PM   #5
brismike
FF.Com.Au Hardcore
 
brismike's Avatar
 
Join Date: Dec 2009
Location: Brisbane
Posts: 718
Default Re: Exchange rates AUD to USD

Get yourself a GE Money 28 Degrees Mastercard. No yearly fee and No foreign transaction fees and the best exchange rate you will get. The rate will be almost as good as the rate you quoted and saw before you were disappointed by the ripoffs you have since found. Believe me I have travelled a lot and I have tried them all.

Cheers Mike
__________________
Current - 2014 FG MkII FPV GT (No 1460) Winter White, Black Stripes - 6 Speed ZF - Factory Leather & Sat Nav - Tint - Full Metal Dipstick - K&N Filter.

Wife's - 2018 Peugeot 3008 Gtline, Pearl White - 6 Speed Auto - Fully Optioned.

My Toy - 2014 Smart Fortwo Passion Crystal White, Black Tridion Cell - 5 Speed Auto with Flappy Paddles - Tint - Twin Exhaust

The only good Commodore is the one now very very quickly disappearing in my rear view mirror.
brismike is offline   Reply With Quote Multi-Quote with this Post
This user likes this post:
Old 04-12-2015, 12:59 AM   #6
theunfairadvant
Regular Member
 
Join Date: May 2007
Location: Sydney
Posts: 439
Default Re: Exchange rates AUD to USD

I have try this GE Money 28 Degrees Mastercard before and a few times
the server is down or for maintenance that my purchase can't be approve.

I try to login online but it just say maintenance and in the end i ended up
using the AMEX and Citibank card during my travel.

Amex centurion and platinum card or Citibank platinum card comes with a very very good travel insurance,
i found that out the hard way when i was really sick in the states and all i did was ring up Amex
they just take care of everything for me.
theunfairadvant is offline   Reply With Quote Multi-Quote with this Post
Old 04-12-2015, 11:52 AM   #7
Yellow_Festiva
Where to next??
 
Yellow_Festiva's Avatar
 
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
Default Re: Exchange rates AUD to USD

Why do you assume you need to get USD here? Are you worried that when you land there will be none left for you?

Yes, 'cash passport' style cards are a rip off, great for people who insist that they don't want to use their personal cards overseas and insist in carrying their passport with when 24/7. My friend is a travel agent and many of the %age fees are paid to the selling agents as commissions.

Of course they will advise you that it's a wonderful / safe option.

They charge you to get it, they charge you to load it, they charge you to use it.

I bet they charge you to close it to get your last few dollars back...

Yes, the 28 degree MasterCard is an outstanding product.

You are going for a month? Get the 28 degree card, tell your bank you are travelling and take 1000 AUD cash as a backup tucked away in your bag.

Use your regular ATM card to pull out USD, use your 28 degree card to pay for things.
__________________
___________________________

I've been around the world a couple of times or maybe more.......
Yellow_Festiva is offline   Reply With Quote Multi-Quote with this Post
2 users like this post:
Old 04-12-2015, 12:58 PM   #8
adumb
FG G6ET
 
adumb's Avatar
 
Join Date: Dec 2006
Location: Wesside
Posts: 253
Default Re: Exchange rates AUD to USD

Went earlier this year, used the 28 degree card it was great. Got some cash before hand found Australia Post had the best rate at the time.
__________________
2009 FG G6E Turbo
adumb is offline   Reply With Quote Multi-Quote with this Post
Old 04-12-2015, 01:04 PM   #9
xa_jg66
Regular Member
 
xa_jg66's Avatar
 
Join Date: Jul 2005
Location: Albany, WA
Posts: 406
Default Re: Exchange rates AUD to USD

If you draw money from your regular account overseas what rate does the balance convert at?
__________________
XA GT HARDTOP: Copper Bronze, 351c 4v heads, edelbrock manifold, 700 vs holley, pacemaker 4-1, crane cam, stage 2 fmx, 3000rpm histall, 3.7:1 lsd 9" diff.

ED XR8 SPRINT: Cobalt Blue, Manual, Premium Sound.

Previous Fords:
Blueprint 2003 GT-P Manual
Lemans Red 1992 EB XR8 Manual
Cardinal Red 1993 EB Fairmont Ghia 5L 5 speed conversion
Lemans Red 1992 XR8 Auto
Silver 1991 EB Fairmont 5L auto
Poly Green 1994 ED XR8 Sprint Manual
White 1995 EF XR8 Manual
1976 XC Fairmont 351
xa_jg66 is offline   Reply With Quote Multi-Quote with this Post
Old 04-12-2015, 01:17 PM   #10
Yellow_Festiva
Where to next??
 
Yellow_Festiva's Avatar
 
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
Default Re: Exchange rates AUD to USD

Quote:
Originally Posted by xa_jg66 View Post
If you draw money from your regular account overseas what rate does the balance convert at?
From my experience, generally a better rate than going with cash and using an exchange desk or a bank.
__________________
___________________________

I've been around the world a couple of times or maybe more.......
Yellow_Festiva is offline   Reply With Quote Multi-Quote with this Post
This user likes this post:
Old 04-12-2015, 07:48 PM   #11
tregs
FF.Com.Au Hardcore
 
tregs's Avatar
 
Join Date: Sep 2007
Posts: 698
Default Re: Exchange rates AUD to USD

I went to my bank I will take a few grand in cash and I also ended up going with a travel card from the bank it is linked to my internet banking. There was no charge for the card but a $10 fee to load the card. Also no charge when I use the card or to cancel it when we get back.
__________________
Missing the turbo feeling can’t wait to get back into another xr6t
tregs is offline   Reply With Quote Multi-Quote with this Post
Old 04-12-2015, 08:28 PM   #12
MDS69
FF.Com.Au Hardcore
 
MDS69's Avatar
 
Join Date: Apr 2012
Posts: 656
Default Re: Exchange rates AUD to USD

I exchanged $4000.00AU last week when the cash rate was $0.7214 and got $0.7026. No fees or charges. This was from Travel Money Oz.
I am going to load more money on to a cash passport www.cashpassport.com.au. It is a debit card with a PIN. The exchange rate will be whatever it is on the day of loading it. If I had of done this at the same time as I got my cash it would have been the same rate as mentioned above.
There are some fees and charges for loading and reloading but thety appear to be minimal.

I just checked out the 28 degrees card and it is a Master card credit card. 55 days interest free then 20.99% interest. There are a few charges on this as well. It looks like the exchange rate will be whatever it is on the day of the transaction with no exchange rate fee.

I like the cash passport as the rate is whatever it was at time of loading. So if the dollar goes down while you are away you are safe but on the flip side if it goes up you miss out. Whilst the AU dollar is slightly up at the moment by the time we go away in Jan it will probably be down again. bit like the difference between a variable rate home loan or a fixed rate home loan.
MDS69 is offline   Reply With Quote Multi-Quote with this Post
Old 06-12-2015, 11:38 AM   #13
Feathers
Lucifer's Angel
 
Feathers's Avatar
 
Join Date: Dec 2004
Location: Sydney
Posts: 5,282
Default Re: Exchange rates AUD to USD

I've used the Aus Post travel card while I've been away, as my regular ATM card doesn't have a chip, so will not work outside Australia.
__________________
SINISTER BA XR6
Blueprint, manual, 4490's, Redback 2.5" dual exhaust, BA Typhoon rims, tint, fog light covers, BF tailights, blue illuminated window switches, Ghia bootlid carpet, lower grille, FPV door spears, steering wheel & interior bits, XR6T + F6 intake, K&N filter, Typhoon spoiler, tuned, sway bars, custom angel eyes & plates..YUM!

If there's one thing guys in Holdens hate more than being beaten by a Ford...
It's being beaten by a girl driving a Ford
Feathers is offline   Reply With Quote Multi-Quote with this Post
Old 10-12-2015, 03:30 AM   #14
ebxr8240
Performance moderator
 
ebxr8240's Avatar
 
Join Date: Feb 2005
Location: St Clair..N.S.W
Posts: 14,875
Technical Contributor: For members who share their technical expertise. - Issue reason: Always willing to help out with technical advice. 
Default Re: Exchange rates AUD to USD

Just use my ANZ debit Visa card.. I transfer just enough so it cant be ripped..
Spent 6 weeks there, hardly used any cash..
__________________
Real cars are not driven by front wheels,real cars lift them!!...
BABYS ARE BOTTLE FED, REAL MEN GET BLOWN.
Don't be afraid to try something new. Remember, amateurs built the Ark...Professionals built the Titanic!
Dart 330ci block turbo black pearl EBXR8 482 rwkw..
Daily driver GTE FG..
Projects http://www.fordforums.com.au/showthread.php?t=107711
http://www.fordforums.com.au/showthr...8+turbo&page=4
ebxr8240 is offline   Reply With Quote Multi-Quote with this Post
Old 10-12-2015, 06:14 PM   #15
Simple6
FF.Com.Au Hardcore
 
Simple6's Avatar
 
Join Date: May 2008
Location: Darwin
Posts: 1,694
Tech Writer: Recognition for the technical writers of AFF - Issue reason: Tech article on rear bushes. 
Default Re: Exchange rates AUD to USD

28 degrees and Citibank debit card for me when I went overseas.

Paid $0 in fees the whole time (except for Thailands ATM fees - unavoidable) and the rate was the daily MasterCard or VISA rate which works for me as I'm not into doing one big exchange and therefore gambling with exchange rates.
__________________
1976 XB Falcon 500 Wagon - BUILD THREAD
Sherwood Green | 3spd/250CI | Running Whitewalls on a 2.5" Drop
Simple6 is offline   Reply With Quote Multi-Quote with this Post
Old 10-12-2015, 06:30 PM   #16
Paul22
Regular Member
 
Join Date: Apr 2014
Location: Adelaide
Posts: 87
Default Re: Exchange rates AUD to USD

For travel cards Choice recommended either Qantas or Virgin as having the best overall benefits providing, of course, you are a member of the respective airline. Its easy to do as it can be done on-line. However, to obtain the best cash rate I've found UAE Money to be the best. Just Google UAE money and you'll see the rates. Cheers
Paul22 is offline   Reply With Quote Multi-Quote with this Post
Old 24-12-2015, 12:54 PM   #17
ltd
Force Fed Fords
 
ltd's Avatar
 
Join Date: Aug 2005
Location: Enroute
Posts: 4,050
Default Re: Exchange rates AUD to USD

Just use the ATM's in the USA - no fees and a much better exchange rate.
Or, something I used to do was take around 4 grand in AUD 50's to LAX, and exchange them there. I would routinely get 10c more per dollar than exchanging them in Oz, as they are wanting to buy our currency to sell to those heading here, and have limited supply.
__________________
If brains were gasoline, you wouldn't have enough to power an ants go-cart a half a lap around a Cheerio - Ron Shirley


Quote:
Powered by GE
ltd is offline   Reply With Quote Multi-Quote with this Post
Reply


Forum Jump


All times are GMT +11. The time now is 02:31 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Other than what is legally copyrighted by the respective owners, this site is copyright www.fordforums.com.au
Positive SSL