Changing Currencies

[youzer]

Hi,

This is my first time using this, so please forgive me if I am posting in the wrong area or if I have missed a previous post that deals with this issue.

Can anyone advise on the best method of taking money abroad? I am going to Australia for a year (at least) and am taking €6k down with me for starters to get me set up. Obviously, I would like to lose as little as possible in the exchange from EUR to AUD. Being a layman in the world of finance, the only people I think of for foreign exchange are banks - is this a naive option and are there cheaper alternatives?

I know of a site called XETrade that I found on the Internet (https://www.xe.com/fx/), does anyone have any experience of this??

Thanks for any advice you may have.

 

[Madra]

Here's one we made earlier. Rates will always fluctuate so I wouldn't worry too much about the differing rates but would maybe stick to banks for exchange of cash. Be prepared to shop around.