An Indicative Foreign Exchange Rate will be provided to clients for all exchange rates prior to 8:00 am AEST daily, as an approximate conversion rate.
A basis points spread (BPS) fee will be applied as part of any currency conversion that occurs in the Selfwealth platform and vice versa.
All transfer rates as depicted on the platform are inclusive of the basis points spread fee which is indicated in the below table.
|
Original Currency |
Destination Currency |
Basis Points Spread |
|
AUD |
USD |
60 Basis Points or 0.006 |
|
AUD |
HKD |
500 Basis Points or 0.05 |
|
HKD |
AUD |
500 Basis Points or 0.05 |
|
HKD |
USD |
500 Basis Points or 0.05 |
|
USD |
AUD |
60 Basis Points or 0.006 |
|
USD |
HKD |
500 Basis Points or 0.05 |
All international cash transfers are lodged and converted at a fixed rate supplied daily at the time of conversion (i.e. when the funds become available in the destination account).