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pucman
11-02-2006, 06:55 PM
Recently I bought a aussie bank draft but decided to cancel it after some unforseen event :( .

I did not refund immediately as I would lose few hundred dollars in exchange rate. The banks sell and buy at different rates !

Now the aussie dollar is dropping. :eek:

Any advice ?

USJ27Resident
12-02-2006, 01:40 AM
Recently I bought a aussie bank draft but decided to cancel it after some unforseen event :( .

I did not refund immediately as I would lose few hundred dollars in exchange rate. The banks sell and buy at different rates !

Now the aussie dollar is dropping. :eek:

Any advice ?

Bro... haven't you been reading the papers... the banks are waiting for the cue from BNM to raise interest rates again in tandem with the BLR. If the interest rates goes up again... so will the ringgit exchange rates... vis vis inflation rates....
With regards to your aussie dollar rates... it'll probably go southbound too :p

Better cut losses now... or just pop by australia for a holiday :p

starrnorth88
13-02-2006, 03:11 AM
open your own saving account in australia and send it there.