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Posted by: gerilege at January 15, 2008, 1:40 pm

Topic: Delayed payment/exchange rate. Forum: Casino Meister

In case of such significant amount you might want to avoid the risk of currency rate changes in the future. I mean you open a secondary bank account in the corresponding currency (USD in this case), and make the casino wire the funds to your USD account. Later when you find the exchange rate appropriate you transfer the funds to your primary AUD account.

A good strategy for huge amounts to follow overall is to make wire transfers between accounts in identical currencies, and do the conversion locally later on. You will pay less fees for the local transfer than receiving the funds to your AUD account directly, plust the freedom of choosing when to convert the currencies.

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