Posted by forex at 6:19 AM
Read our previous post
1. The exchange rate for British pounds into Australian Dollars as of late June 2010 was 1.75 Australian dollars for every 1 British pound. Exchange rates are fluid in nature, and change throughout an average trading day. For example, during the month June 2010, the rate of the British Pound to the Australian Dollar fluctuated about 10 cents over the course of 30 days.
2. In this example, start with 34.49 in British pounds. Multiply the amount in British pounds by the current exchange rate. As of late June 2010 this rate was1.75. Multiply, 34.49 * 1.75, giving a total of 60.36 (rounding up) in Australian dollars.
3. Seek out a bank such as National Australia Bank, Westpac Bank or Commonwealth Bank of Australia to exchange your money. Banks like these will often act as currency exchange agencies.