[gary]

Hi Peter,

Originally Posted by Stardrifter_WA

This is becoming rather interesting.

I checked today what the OzForex Prepaid Travel Moneycard was offering and for AUD10,000 I will get US10,479.65 as at 7.30am WAST.

Not so fast Pilgrim.

You will be looking at the mid-market rate.

Originally Posted by barx1963

Odd, I just looked at the OzForex site
and the rate on money cards was 1.0057 so AU$10,000 would come to US$10057.
They apply a different rate for their money cards which is on this page http://www.ozforex.com.au/our-servic...s-fees-charges so just be careful!

Malcolm is correct. At the moment of typing, the OzForex Travel Card USD rate is
1.0056. The equivalent Commonwealth Bank rate is 1.0051. So on AUD10,000,
only $5 in it.

OzForex is partly owned by Macquarie Bank.

Some generic advice that you are free to take or leave -
Now and then people we deal with overseas ask me which way the Aussie Dollar is going.
I tell them that if I knew that I would be talking to them from my yacht in the Whitsundays!

Come July when you need the money, the Aussie might have strengthened a lot or a little or it
might have weakened a lot of a little. Nobody knows with any certainty as otherwise in a few transactions
you could become the richest person on Earth.

So another strategy is to put your money into one of those fixed term investments, earn a little interest in the meantime
and then convert it when you need it.

But if you do know with any certainty which way the Aussie Dollar will go tomorrow, next week or in 6 months or in a year's time,
please do not talk to anyone else and telephone me!

Best of luck.