In Reply to: Buying american $$ posted by chote on Thursday, 7. October 2010 at 18:11 Bali Time:
and the rate at Post Office is better than for instance Westpac was offering (after all charges ets were factored in)
P.O. Have a limit of AUD1500, but you can make transactions adding up to $7,000 odd in a day if you want (could't work that one out)
The smart money is on the rate approaching parity next week, but long term forecast is for the USD to come back again.
I like to squirrel some USD away for a rainy day and Bali, and now is a great time to do it.
I will take another bite next week and hope for at least 0.96 to 0.97 if the timing is right.
P.O. have a minimum transaction amount, but for those who travel to Bali regularly, it's a great time to pick up say AUD150 worth of 50s 20s and 5s for those future trips.