Bro, I don't buy AUD for Foreign Fund FD with our local banks. If reach my target, I just buy Bank Draft or TT and go deposit in Australia Bank accounts for my children's expenses.

For example last week (or was it early this week?), when I replied you, AUD/MYR was 2.90 for UOB. Today UOB AUD/MYR rate 2.8254. That's 2.5% cheaper!!!

Imagine if you had deposited with UOB that day where I mentioned they offering 2% for 12 months. Heck, today you go deposit the same Foreign Currency FD, you will get 2.5% more AUD in the Account - in only a weeks time (which is better than 2% for 12 months FD).

Like I said, better you go start monitoring AUD, read the news and get a feel of the trend. Because if AUD really drop to 2.3, the window you have to acquire it at record low is small and would shoot back up almost immediately.

Here is another example, I placed a 12 months FD with UOB at  4% 2 months ago (assuming back then AUD/MYR 2.90). But if AUD falls to 2.70, I might even consider TT to Australia and burn the interest for the 2 months.... because from 2.90 to 2.70, that's 6.8% drop, in other words I get 6.8% more AUD than what I could have gotten 2 months ago. But that's just an example because my target is 2.5% (AUD/MYR 2.9 to 2.5 is drop of 13.79%!!! - that's like having FD locked for 3 years to earn similar interest).

Above is just me, your needs (saving for future) and mine (spending away my money now, hahaha) are different. Yours is long term, and like you said you don't really care about fluctuation and hopefully in the long run it averages out to be favorable to you.

Before I became their PB customer, the UOB counter girl also tried the same thing when I was placing FD. I politely and firmly said "no, thank you" and cut short the conversation. Proceed to place my FD. 

Another instance with UOB (before becoming their PB) is after I placed my FD, the counter girl alerted a leng lui officer who pulled a senior manager level man to talk to me about an investment product. They claimed that product has better returns than FD. They talked to me for 5 minutes and I still said no. That is probably because the FD I placed is slightly higher value and they are alerted to talk to me. They asked me to divert some amount to that product. Haha. 

then u support them by getting a credit card from them lor..

since now no GST also..

As said:
The "large" amt will differ based on the banks, the tenure etc. 
For BR, 50k and above can nego. But at one time, they set it at 100k and above. So depends on how bad the bank wanted the FD.  Their nego rate also depends on the tenure. 

For other banks, may be 100k or few hundred k then only can nego. Sometimes they may tell you this is already the best rate, no more increase possible though you put in 300k and above. 

Haha, I was thinking of adding one more point and then you asked.

If the counter staff said no and your amt is "large", talk to the officer, asst BM or BM. The counter girl may just say no but the higher level is the one that can say yes.

Promotional FD still can nego based on what I said. But some bank will say this is the best rate. 

No need to be PB to negotiate. Even UOB can negotiate on top of promo rate. It is definitely not a cheapskate bank.    Foreign banks still can try your luck but amt has to be "large". 

Yes, the thing is, ASK ! "Ask then you shall get"