Quote:
Originally Posted by Triu
Hi can someone please tell me why the exchange rates changes between sending the money and receiving it.
If i want to send AUD over to another country why does the exchange rate go down when it gets there?
any reasons?
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The rate shown for the US dollar is a representative mid-point determined by the Reserve Bank on the basis of quotations in the interbank foreign exchange market at 4 pm Eastern Australian time on the day concerned.
Rates shown for most other currencies are calculated by crossing the rate for the US dollar with mid-points of buying and selling rates quoted at the same time. These rates are indications of market value only and may differ from those quoted by foreign exchange dealers.
Foreign exchange rates are subject to change at a moment's notice.
Although up-to the minute rates may be obtained by contacting a local Royal Bank branch, rates can only be guaranteed at the time the purchase or sale is conducted.
Exchange rates for cash are less favorable to recover shipping and handling charges.
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