Australian (ASX) Stock Market Forum

Best/Recommended way for FX conversion AUD to USD

Joined
11 April 2019
Posts
25
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Hi all

Excited to join this community.

Wanted to get your thoughts on how best to convert currencies for trading.

I was under the newbie impression that Citibank global account currency conversion rates are quite good. However, a family member had a commsec account and I noticed the wholesale rate they offer with the 0.60% spread was still surprisingly better thank Citibanks.

Hearing IB is quite good to convert to US for trading in US exchanges and then converting back to AUD when required?

Thanks in advance!
 
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