USD 0.00% 1.0000 united states dollar

I would suggest stay away from your high street currency...

  1. 241 Posts.
    I would suggest stay away from your high street currency exchange and use a broker instead, I have an account with interactive brokers and the commission on currency exchange is 0.0002% or 0.002% cant remember off the top of my head but to put that in perspective with ozforex you will lose approximately 1 cent from the market rate, with the main 4 banks in Australia you may lose 2-3 cents, although considering the sum of money you intend to exchange, i would imagine they would be giving you a big discount. With interactive brokers you will lose less than a hundredth of a cent

    I believe you said, for the sum of money your talking about 1 cent is worth $10,000

    NAB, COMMONWEALTH, WESTPAC, ANZ- lose $10k-30k in commision

    OZFOREX - lose $10k in commission

    INTERACTIVE BROKERS- lose < $100 in commission (plus you have the added bonus of using real-time charts to time your trade right as the currency will be swinging within its trading range you may gain half a cent or more by timing your trade right)

    Alternatively pay a professional broker to do it for you
 
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