Australia is an extremely popular destination with expats, holiday makers, gap-year students, travellers and temporary residents with the number of these individuals increasing every year. If you are looking to move to Australia whether your stay will be short or permanent there are a number of things you need to consider, with your finances likely being the most important. Transferring money to Australia can be really expensive so it is essential that you are money wise and look for the cheapest way to transfer money to Australia. With RationalFX the costs of transferring money are considerably reduced as we offer fee free money transfers at a great Australian Dollar exchange rate and allow you to transfer money simply and conveniently online.
Officially titled the Commonwealth of Australia, Australia is a country in the Southern Hemisphere which is comprised of the mainland continent, the island of Tasmania along with a group of smaller islands in the Indian and Pacific Oceans. Located near Indonesia, East Timor, Papua New Guinea, the Solomon Islands, Vanuatu, New Caledonia and New Zealand Australia is the sixth-largest country in the world by total area.
There are various reasons why people look to relocate to Australia, primarily factors such as the weather, the atmosphere, or even a job opportunity. Whatever your reason for moving to Australia you will need to consider a number of factors, speak to the right people and plan ahead to make the most informed decision possible.
First of all it is important to consider is the length of your stay; perhaps you will be moving to Australia short-term and will be working whilst you are there, or it may be that you are planning to up sticks and move there for good. Considering the length of your stay is vitally important as there are many things to consider, such as whether you will rent or buy a property, will you work or start a business? How much money will you need initially? Whatever your reason for moving to Australia all of these factors need to be carefully considered.
If you are considering migrating to Australia or have already taken steps to make the move to Australia registering with a foreign exchange broker is ideal. When you have already begun arranging to move to Australia, or have a solid plan it is wise to consider arranging a currency exchange rate alert for Australian Dollars as you will be able to enter the rate that you are hoping to get and if the Pound strengthens or the Aussie dollar weakens you can get a more beneficial exchange rate.
If you will be moving your finances over to an Australian bank account slowly, but regularly you need to be aware of the pros and cons of the various money transferring services as if you transfer your money through a bank or money sending bureau for example ou can be charged service charges or handling fees for every transaction which will severely curb the amount of AUD you will be able to transfer.
Instead of using these services to make your regular international money transfers through you should use a foreign exchange broker like RationalFX as you will be able to benefit from a competitive Australian Dollar exchange rate thanks to the savings we make from bulk buying currency. With no commission, service charges or transfer fees RationalFX will save you even more money allowing you to send more Australian Dollars to fund your migration to Australia.