Australian (ASX) Stock Market Forum

Rise in AUD/GBP

Joined
3 April 2011
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I'm probably heading over to the UK from Australia in coming years and I see that the AUD/GBP rate is climbing.

I'm thinking that it's best I open a foreign currency bank account with no fees. HSBC has one.. So does CBA.

Is this a good way to do this.. Transfer some AUD to GBP, store it in a Bank Account so it can be converted back online if the rate starts to fall.

Is HSBC a good place to do this? I'm not sure.. How do bank rates compare to what's out there?
 
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