Best places for currency exchange in Melbourne

Foreign Xchange offers better rates than most currency exchange shops in Melbourne, especially those at the airport. You can order online and get your foreign currency delivered anywhere in Melbourne – including your home, office, or hotel. It’s secure, affordable, and fully trackable with StarTrack, a courier service by AusPost. For the best currency exchange in Melbourne, order your travel cash with us today. Follow our simple two-step process and receive your foreign money in as little as three business days.
Choose a provider that doesn’t add extra fees or commissions to get the most out of your money. At Crown Currency Exchange, the rate we quote is the rate you receive—no hidden costs, just straightforward currency exchange. Visit any of our Travelex Melbourne stores to exchange foreign currency on the spot or collect your online order. All 墨尔本 美元 换 汇 locations below offer fast and secure currency exchange services, with most open seven days a week.

Their exchange rates aren't as competitive as S Money's but their customer service is excellent. If you’re planning on exchanging currency with a bank, you’ll need to double check the travel money and exchange options available. Many banks only offer exchange to customers who already have an account - plus you might have to order online in advance, particularly if you’re looking for a more exotic currency. If your local bank offers currency exchange to people who aren’t customers, bear in mind that you’ll need to take an ID document along with you to collect your cash.
The S Money Sydney CBD store is located at Wharf 6, Circular Quay.The store is on the wharf nearest to The Museum of Contemporary Art at The Rocks.It is open 9am to 5pm – Monday to Friday. We have stores in Sydney and Melbourne plus a number of collection locations across NSW, VIC, QLD and WA. We process your order as soon as we’ve received payment and we try our best to get this to you. While Crown Currency had the worst US Dollar rate, it wasn't that far off the mark.

While their exchange rates are very good, they still won’t match the rate seen on Google or XE. They also have a dated website that only allows you  to get a quote instead of actually buying currency. Just like buying a pair of shoes or some groceries, you can buy your foreign currency online too. They are the only money exchange that offer the same exchange rate seen on Google or XE but they do charge a service fee. Based on our research, the Macquarie Bank online service (using OFX as a provider for this service) is best for sending money overseas.
We don’t charge commissions or fees on our exchanges, so when you are wondering where to exchange your money, it’s time to come to us. Both students and senior citizens will get discounts when exchanging currency with us. Out of  all of the places to exchange money in Melbourne, we offer the top service to our customers. There's not one single best place to exchange currency for travel, but converting your currency online before you head off can save time - and often money.
An exchange rate tells you how much of a foreign currency you'll receive when you  exchange your money. These rates change regularly due to factors like global economic conditions, interest rates, and political events. The best place to exchange currency in Melbourne does depend a lot on where in the city you are, and which currencies you need.

United Currency Exchange has long been a great place for currency exchange in the Melbourne CBD. Aside from S Money, they had the best currency exchange rate that we tested. Whether you need to make cross-border payments or FX risk management solutions, we’ve got you covered. Schedule international transfers across 130 currencies in 190+ countries. United Currency Exchange deal only with exchanging cash, they don’t offer an international transfer service. Another option for exchanging currency in Australia is through Australia Post.
There isn't one currency exchange that's the best for every currency and every currency. They do not lend money and their business model is generally considered to be low-risk (they match the exact same trade a client makes with their bank but normally at a lower rate than if the client had gone to the bank directly). Investigate the impact of the Australian dollar's fluctuations on consumer behavior, particularly regarding travel and overseas spending. This study provides insights into how changes in the AUD's strength influence Australians' decisions on investing, traveling, and purchasing from abroad. Explore the reasons behind Australian businesses' preference for credit cards in international transactions, including insights from a survey on the challenges and perceptions influencing their choices.

Western Union has around 525,000 agent locations globally in over 200 countries, making it one of the largest money transfer services. It's hard to beat Wise when it comes to exchange rates as it's one of the few providers that give the mid-market rate. This means that the exchange rate you are quoted by Wise is the best possible rate available. However, exchange rates are just one piece of the puzzle, so it is still worth comparing the overall cost of the transfer to make sure you are getting the best deal. Quite often, ordering online is the cheapest and easiest way to buy currency.
The Australian dollar (AUD) has been on a wild ride against the British Pound (GBP) in 2023 but 2024 may spell a different story. The Australian dollar (AUD) weakened considerably against the British Pound (GBP) in 2023 but it could strengthen slightly in 2024. The AUD peaked at almost 58p in February 2023, before sinking to almost 50p in August as multiple economic factors weighed down sentiment. The relative weakness in the Australian dollar has made the cost of travel more expensive for many Australians, with the United Kingdom our fourth most popular international destination, according to ABS data.
While many won't charge a service fee, the difference between the rate you see online and the rate you are offered is their exchange rate margin, or profit. We visited a number of money exchange locations across the Melbourne CBD and compared their fees and services to find the best currency exchange rates. It is worth noting that some sources suggest that using an Australian bank to buy foreign currency might not always be the most expensive option. Banks offer foreign exchange services in specific branches or through online ordering and collection at a nominated branch.