So you are all set to visit Australia. We wish you best of luck for your Australian adventure. You can expect pleasant warm weather the whole year accompanied by koala sightings if you root for Brisbane. You are going to have a great experience. According to migration agent Brisbane, the trip will require a lot of foreign exchange. Before you do that, we have a lot of tips regarding it. So follow the advice and the best migration tips from our experts-
Get the facts right before you take the step
You will need some Australian Dollars as soon as you land in the country of Australia. So it is recommended that you take out some time and do some efforts in finding out the working of the exchange rate. You should also educate yourself about the hidden fees and commission in many places where the money is exchanged.
Keep track of the actual exchange rate
You must know the mid-market exchange rate. It is the fairest exchange rate that one can get. If the figure is different from the mid-market rate, compare the two rates. The closer it is to the mid-market rate, the fairer the deal is. Keep a check on the currency converter and the rates it is offering.
Remember – exchange rates are dynamic
Exchange rates vary regularly. It is highly dependent on factors like the political scenario, events on a local and global level, and economic fluctuations. To get the latest information, you may sign up for regular exchange rate alerts. That will provide you with the facility of receiving notifications whenever the exchange rate fluctuates. You can accordingly choose the best time to exchange your money.
Avoid getting money exchanged at airports and hotels Airport is not the best place to get your money exchanged. However, there are several points at Brisbane Airport where you can get the money converted after your arrival.
There are many kiosks and ATMs provided by International foreign exchange companies. They’re available at the international terminal as well as at the domestic terminal. Branches are open 24*7. They also have the provision of providing your foreign currency by taking an order while you are still flying. You can collect it when you arrive at the airport.
Likewise, it is also possible to get the currency exchanged at your hotel. However, they don’t offer a good deal, as is the case with airports. It is best to avoid this option unless it is necessary.
Using an ATM is a cheap and easy option to get Australian Dollars. You can withdraw money from ATMs for free if your home bank is also part of some Australian banking organization’s network. If your home bank isn’t a part of the Global ATM Alliance, you may ask them if they have any special working arrangements for customers for accessing an Australian bank.
Some ATMs may give you the option of currency in which you would like to be charged. Choose to be charged in local currency as it will be better for you.