Currency Conversion, UK to Australia When converting one currency to another you may be quoted a fee that will be charged, or you may not. Not being charged a fee does NOT mean that you would receive more Dollars for your £’s, as there is a “Hidden Charge” in the “exchange rate” that is used …
Category Archive: Banking and Finance
Mar 02 2017
Jan 17 2017
Most banks have a standard monthly account keeping fee for standard banking facilities, but there are options for Free Banking at all of them, although FREE BANKING does come standard at some.
At January 2017 the Big 4 Australian Banks show the following conditions for Free Banking…..
Sep 30 2016
Between January 1st 2016 and the 23rd May 2016, one month BEFORE Brexit (23rd June 2016), the GBP experienced an FX drop to every country below of between 7.43% and 14.74%
Between January 1st 2016 and the 30th September 2016, 3 months AFTER Brexit, the drops are between 15.58% and 29.71%
The changes from the week before Brexit to the 30th September 2016 are between 7.23% and 19.33%
Aug 14 2016
There is often a lot of talk about Credit Card debt in Australia, and the figure being headlined in Newspaper Reports is often the total of all Credit Card Balances and not the real debt.
How many of us use a credit card to purchase most things, but pay the card off in full at the end of each month, without incurring interest?
Do we call that debt? Is Credit Card debt really $50,897 million or $32,383 million.
Jul 20 2016
Which Bank is best for Changing Currency Every month HIFX use an independent company to check all the main high street banks to make sure their overall price (including bank charges, exchange rates and other fees) is better than the others. This chart shows the figures for June 2016, with the results in Euro for …
Jul 05 2016
May 04 2016
The Australian Reserve Bank Cash Rate
The Australian cash rate is the overnight money market interest rate. It is used as the interest rate on unsecured overnight loans between banks.
The current Australian Reserve Bank Cash Rate is:
May 03 2016
Dec 02 2015
Australian Interest rates For Reserve Bank ‘Cash Rate’ Interest Rates See: www.britzinoz.com/australian-interest-rates-reserve-bank-of-australia Where do you find the best Interest rates in Australia, both for Mortgages and Savings ? Some options include these web sites: myrate www.infochoice.com.au Their web site says “Compare: 1,000s of financial products from 100s of providers…” and it does seem to have a …
Jun 19 2015
Retired Britons Overseas are able to obtain a mortgage on a UK property, even up to age 70. But NOT to those living in Australia. The following page shows a list of countries where residence is not supported for Skipton International’s Expat Lending: www.skiptoninternational.com/uk-expat-mortgages-residency-limitations Australia is on this List, although New Zealand isn’t. The following …
Jun 18 2015
Moving Funds between the United Kingdom and Australia An example of actual transfer dates when using Currency Online in 2015: My personal Currency Online Transactions: Fri, 20 February 2015 Online transfer from my Australian bank to Currency Online Mon, 23 Feb 2015 Currency Online received Funds from my Australian bank – (23 February 2015 at …
Nov 06 2014
Special Update: Australian Dollar hits 4-year low AUD-USD There has been continued weakness in commodity prices and stronger than expected US private-sector jobs growth overnight combining to take the Australian dollar through critical support at the 0.8650 mark. The Aussie hit a four year low overnight of 0.8565 as the Greenback strengthened across the board. …
Oct 31 2014
British Pound to the Australian Dollar Exchange Rates 2004 to 2014 In October 2004 the Value of the British Pound ranged between 2.445458 and 2.482235 Australian Dollars with an average of 2.465794. In October 2014 the Value of the British Pound ranged between 1.812251 and 1.862760 Australian Dollars with an average of 1.831185. In October …