Which currency should I carry to Australia from Bangladesh?
I will go to Australia from Bangladesh. I can carry either "US dollar" or "Australian dollar" there. But I do not know whether carrying "US dollar" will be profitable or not if I convert "US dollar" to "Australian dollar" there. Or just buy "Australian dollar" with "Bangladeshi TAKA"and carry there. How to calculate the profit?
List of exchange rate: USD/AUD = 1 / 1.41016; AUD/BDT = 1 / 55.2579; USD/BDT = 1 / 77.8907
I think that carrying "Australian dollar" will be profitable. But not sure.
Best Answer
Buy Australian dollars, and you're probably better off exchanging them in Bangladesh. The taka is a weak currency and you would likely get a bad rate for it in Australia.
Also, if you want to exchange larger amounts, I would recommend alternative routes like ATM withdrawal or money transfer instead of cash.
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How much cash can I carry to Australia?
There is no limit to the amount of physical currency that may be brought into or taken out of Australia. However, travellers entering and departing Australia must report any currency they are carrying of $10,000 or more in Australian dollars, or the foreign currency equivalent.Can you send money from Bangladesh to Australia?
Most of the remittance companies today offer bank to bank transfers for sending money to Australia from Bangladesh. They do this by letting you fund your transaction through your local bank account in Bangladesh, and by allowing you to choose the payout to be your recipient's bank account in Australia.Should I exchange money before I travel to Australia?
Should you exchange money before going to Australia? As we said previously, buying the local currency of your destination country is the cheapest way to buy currency. This means it's best to sell foreign currency in Australia to get Australian dollars (AUD).Is Dollar accepted in Australia?
Australian states and territories accept Australian dollars and coins as payment. Bank notes are made from polymer, a type of plastic that provides additional protection against counterfeiting as well as any rips or tears. Australia is the first country in the world to use this innovative method of providing currency.How much foreign currency can I carry while travelling from Bangladesh | Bansuri M Yousuf
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Answer 2
Just carry Australian dollars because every transition between currencies loses you money on unfavourable rates and/or commission.
The only benefit to transitioning through US dollars is if you feel that the currency fluctuations will make it worthwhile enough to more than cover the exchanger's margin, which is nearly impossible to pick for anyone that isn't a currency dealer.
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