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Sending dollars home

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  • 07-07-2012 8:49am
    #1
    dabbido
    Registered Users Posts: 42 ✭


    Hi all,

    So I've been here a while now and have a few quid saved up.

    Just wondering are people keeping savings here in Aussie accounts, or transferring it to euro and sending it home. If so, whats the best way to transfer, getting the best exchange rate?


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    #2
    sh2
    Registered Users Posts: 20 ✭sh2


    Hey, I've been using currencyfair.com. You transfer money in an Australian bank a/c held by them, exchange to Euro when you feel like it and then they only charge you 4 euro to send it home. Have a look on the website, seems the savings are good. I've used it a few times now.


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    #3
    ObviouslyJesus
    Banned (with Prison Access) Posts: 94 ✭✭ObviouslyJesus


    i wouldnt change right now or in fact at all given yesterdays euro fall


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    #4
    hussey
    Registered Users Posts: 6,240 ✭✭✭hussey


    sh2 wrote: »
    Hey, I've been using currencyfair.com. You transfer money in an Australian bank a/c held by them, exchange to Euro when you feel like it and then they only charge you 4 euro to send it home. Have a look on the website, seems the savings are good. I've used it a few times now.

    +1 for CF, much cheaper than banks and better rates too


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    #5
    rightyabe
    Registered Users Posts: 812 ✭✭✭rightyabe


    dont change it to euro, pound sterling is a far better investment..


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    #6
    dodgylegs
    Registered Users Posts: 86 ✭✭dodgylegs


    ObviouslyJesus wrote: »
    i wouldnt change right now or in fact at all given yesterdays euro fall

    I'm confused, If the value of euro has fallen will you not get more euro for your dollar, so would it not be a good time to change?


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    #7
    Slidey
    Closed Accounts Posts: 12,811 ✭✭✭✭Slidey


    I've started to use currency fair as well.

    A bit of a long winded effort to get it set up but it works and is cheap.

    If you are paying off a loan or a mortgage the drop in value of the euro is great news.


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    #8
    kdevitt
    Registered Users Posts: 2,278 ✭✭✭kdevitt


    Currencyfair all the way - you could get close on 83c to the $ last week, not sure what it is now though.


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    #9
    catbear
    Closed Accounts Posts: 5,092 ✭✭✭catbear


    Get on xe.com and get the graph for ten years Euro versus the Oz Dollar. I think you'll find that a small fluctuation of a few cents is minor compared to how much the Dollar has strengthened in that time. If you heading back to Ireland anyway I wouldn't let a fluctuation of a few cents put me off buying Euro right now.
    It's only a few years ago that the Dollar weakened to 50c Euro.


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