eventually get the best yield, by having the remitting bank send GBP or A $? Don't you usually get best rates for a currency in it's country of use(australian $, in this case), rather then in a foreign country where (UK,GBP) where many currencies are available?
2006-10-29 21:01:22 · 2 answers · asked by sultan 1 in Business & Finance ➔ Other - Business & Finance
Generally speaking, yes you do get the best rate using the country of use denomination, but the critical point here is what the sending bank's rate of exchange is. Without that piece of info, you can't really make an informed decision.
2006-10-29 21:04:35 · answer #1 · answered by Anonymous · 0⤊ 0⤋
There are many ways. One new method is the SWIFT. You should know the swift number of the Bank to which the money is going to be transfered.
2006-10-30 10:09:13 · answer #2 · answered by Mathew C 5 · 0⤊ 0⤋