Hi Expats, I just relocated to Sydney and now need to transfer a larger amount of money from my German bank account to my Australian account. For a 'normal' bank-to-bank transfer there seem to be quite considerably fees applicable (approx. 80AUD) not considering a possible 'bad' exchange rate and the rate being quite volatile anyway.
Now, I came across ozforex and moneybookers. The money (euros) would be transferred on a French Ozforex account and Ozforex then exchanges it to AUD and transfers it to my Australian account. Ozforex does seem to waive all fees if you transfer larger amounts and seems so provide better rates.
Does anyone have experience with ozforex and can give some hints how to use it best?