Im moving too canada again? Just wondering what you geniuses think is the best way too move aus too can as i lost out last time and with the exchange the way it is I feel like I should have a win???? thanx in advance
By far the best way to move it is to first send it to Nigeria for conversion into Nigerian Naira's. After that transaction they will be able to offer you an excellent rate for them to send it onto to you in Canada. Once in Canada, open up a local bank account, and they should be able to deposit roughly 3 to 5 times the amount that you started with.![]()
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I don't "move" it, rather just withdraw as required at local atm. Bank doesn't charge too much in fees. You just cop the floating exchange rate.
Looks like a slight win on the Exchange Rate, and a slight win on food prices.
www.livingin-canada.com/food-prices-canada.html
You can actually survive quite well OS with an Aus Bank Account. Online banking, Visa Card, etc. I found that if you withdraw the Maximum Limit through an OS ATM, it goes a long way, with only minimal transaction fees. Visa Cards aren't that bad with International Fees either.
Failing that, you just do an International Money Transfer for about $30, into a Canadian Account, if you have one. Have you made an inquiry with your bank?
Depending on how much you are transfering. I haven't done it in a while
but from what I remember the rate you see on the news or generally advetised is never what the banks will give you, I guess so they make a buck out of it for themselves. It used to be if you were exchanging over $25K you would get a call from the bank when the transaction was taking place and were offered the "real" rate, it was updated every 30 seconds or so.
The best possibly is transfer using Forex account.
Then you can choose your our exchange rate, possibly even double investment if you have a spare week and a bit of lucky![]()
But if you don't have any experience in trading currencies , forget it ![]()
If that is serious amount possibly you need also look at law re money laundering in both countries.