Archived Discussion Topic

Money       started by MARK99 on 11 Jan 2004   (686)
Message InfoMessage
From MARK99

11 Jan 2004 5:23 AM
(1960)
Hi, Does anyone know how much ready cash you can take into Australia, When I passed through Dubai last year the exchange rate at the foreign exchange desk had a lot better rate than the normal banks. Mark
From sue

To MARK99

11 Jan 2004 1:45 PM
(1964)
i think it is either $10.000 or $20.000 in cash on you, you have to declare it at immigration if it is any more.
From MARK99

To sue

11 Jan 2004 9:39 PM
(1965)
Thanks Sue, You don't know wether that would be $10,000 - $ 20,000 per person do you so me and my wife could take some in each. Mark
From sue

To MARK99

11 Jan 2004 10:02 PM
(1966)
I don't, but i will try and find out.
From paulsand

To MARK99

12 Jan 2004 8:30 AM
(1967)
mark do you mean october o4 on your profile if you find out if its
From MARK99

To paulsand

12 Jan 2004 8:37 AM
(1968)
Hi Paul, No 2003 we have our visa and have just accepted an offer on the house so we are hoping to go in April 2004. The rate was just over 2.5. Mark
From paulsand

To MARK99

12 Jan 2004 11:31 AM
(1974)
thanks mark we have our visa skilled spon and like you have an offer on our house but they have not sold theirs yet.It is such a downer just hanging on. after years of planing should have sold in the summer when the boom was on lets hope things pick up. That is a good rate and worth the hassel.Last time we went to aus it was 2.67 that was 4years ago. If you do find out how much you can take in per person let us know thanks again paul. ps this site could do with a spell checker (sorry)
From mike

To MARK99

14 Jan 2004 7:38 PM
(2003)
Hi Mark, I think the cash limit is 10K dollars. We used Halewood International and you get a much better rate with them than any exchange desk I've ever seen. You can do forward purchases and spot purchases, you can pay htem via BACS and they transfer to your Aussie bank account directly. I found them helpful, friendly and efficient. I've made several spot purchases and one forward purchase and all have been trouble free and I got a rate very close to the fx market rate at that moment in time. There are lots of web sites that will give you an on the spot exchange rate and the Halewood rate has always been within 2 - 3 cents of the market rate at that moment. Thought my experience might be of wider interest to new migrants as well as yourself. Also, the highest denomination note is 100 dollars - 10K or more is a hell of a thick wad to carry around ! Perth also has the dubious honour of being the burglary capital of Australia (see The West Australian, Saturday Jan 10 2004) so don't leave that sort of cash lying around your rental property ! Cheers, Mike.
From Lbird

To MARK99

26 Jan 2004 4:53 PM
(2168)
Hi Mark, I am very surprised to hear that you got a better rate than the banks at a foreign exchange desk, was that on cash or Travellers Cheques? We have used OzForex.com.au for transferring money from the UK to Australia and found that they had the best rate around. Also, they didn't charge us a transfer fee at all and no fee was taken by our Australian bank either (which has happened when using other providers). They are a small operator with small overheads and can therefore work with very small margins, which means that we, the customer, get a better rate from them than from the banks and other providers. We dealt with them both by phone and email and their service was great. I can really recommend them.