Singapore Expats

Moving back to Australia

Moving to Singapore? Ask our regular expats in Singapore questions on relocation and their experience here. Ask about banking, employment pass, insurance, visa, work permit, citizenship or immigration issues.
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Tagos
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Moving back to Australia

Post by Tagos » Wed, 20 Jan 2010 10:18 am

This is the opposite subject to the usual one but we are returning to Australia and were wondering what the best (cheapest but safe) way to move the money in our Singapore bank accounts back to Australia would be?

macaroonie
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Post by macaroonie » Wed, 20 Jan 2010 11:22 am

The AUD is very strong at the moment, you may lose about 20-30% of your SGD if you change it now. Can you afford to wait a bit?

Tagos
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Aussie dollar

Post by Tagos » Wed, 20 Jan 2010 11:26 am

Yes, hopefully in a few months the A$ will settle down somewhat.

wcs
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Post by wcs » Mon, 25 Jan 2010 7:33 pm

I have used XE.com to move the money between Aus & Singapore and vice versa.

See my previous post about this.

adenhertog
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Post by adenhertog » Wed, 27 Jan 2010 8:33 pm

you can open a forex account with http://www.OzForex.com.au (Macquarie Bank own a 51% controlling stake in it). you'll save a lot on fees and will get a much better rate than the banks will ever give you.

Boyd
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Contact:

Post by Boyd » Fri, 29 Jan 2010 6:44 am

You may want to contact Nick Brain at HiFX Australia +61 (0) 2 8270 4500 or [email protected] Nick is full of info and should be able to assist you in saving some money.

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