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Old 20-05-2018, 03:34   #1
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Aussie buying boat in Eu: exchange rates

We are looking at buying a boat in the EU. When I buy something small using PayPal, I accept that theyíre going to use the exchange rates in their favour as are the banks, but itís usually too small to matter.
But if Iím spending $100,000 or $200,000 then a fee and bad exchange rate can be thousands.
Anyone have ideas how to do the purchase?
Iím assuming a simple bank-to-bank is definitely not in my interest, even though itís by far the easiest...
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Old 20-05-2018, 03:56   #2
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Re: Aussie buying boat in Eu: exchange rates

I use OFX .. https://www.ofx.com/en-au/?cid=204&g...FYqLlgodEFAGtg

You get very close to the mid-market rate with very low to non-existent fees depending on how much you transfer..
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Old 20-05-2018, 18:15   #3
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Re: Aussie buying boat in Eu: exchange rates

OFX looks the go. Thanks for that. Now just finding the right boat...
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Old 05-06-2018, 08:26   #4
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Re: Aussie buying boat in Eu: exchange rates

I used XE rate from AUD to Euros, paid 0.3c over mid rate with no fees, and didnt need a Euro bank account either . Was happy with them.
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