Your Ultimate Guide to Foreign Exchange in Melbourne

These are not banks, but they offer secure, digital and high value payments which can have excellent exchange rates and low overall costs. OFX has no maximum transfer limit in most cases, and Wise has high transfer limits which vary a  little by currency. There is no single bank or provider that  always have the best exchange rates. You can compare exchange rates, fees and work out the cheapest options for currency exchange or international money transfers.
Their team of industry experts are ready to make sure all your needs are met through their convenient online ordering platform and in-store counter service at 80 Collins. Then you can easily add money in the currency of your choice, and either convert it to the currency you need for spending - or leave in your home currency and let the card handle the conversion when you pay. Like all reputable money exchanges, we are registered with AUSTRAC and regulated by the Australian Securities and Investment Commission (ASIC). Crown Currency and Travel Money Oz both have lots of locations in major shopping malls. The more yen you are 墨尔本私人 换 汇 buying, the more you can negotiate a better deal when dealing with money changers over the counter.

Compare the available options, looking at the costs involved, how safe they are, and what customers say about them. We've taken into account the Google ratings at the time of research, looking at exchange services in popular Melbourne Airport areas. As ratings are dynamic, and things change all the time, you’ll want to also do your own research before you head out to exchange your money. Wise uses the mid-market exchange rate with no markup or margin when converting your money to any currency you need. This may work out cheaper than most currency exchange shops in Melbourne Airport.
Outside the city, Exchange Now in Morley is the pick of the bunch although you'll have more options in Freo. Unlike Sydney or Melbourne, currency exchangers are scattered throughout the CBD and can be hard to find. Police said a money remittance chain in Australia with a dozen outlets, the Changjiang Currency Exchange, was being secretly run by the Long River money laundering syndicate. We look forward to seeing you soon to make sure you get the best deal on your travel cash to make your trip just that much better. In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. First off, in case you’re wondering something along the lines of “does Australia use Australian dollars?

Travel money cards can help you avoid costs and hassle when exchanging money. Order a card online, add a balance in dollars, and either convert to the currency you need in advance or at the point of payment. Providers like Wise support 40+ currencies for holding and exchange, and often use better exchange rates and lower fees compared to physical currency exchange stores. CurrencyFair operates as an international money transfer service which prioritizes low cost transfers and competitive exchange rates. Users can send money to over 150 countries, and the service supports a wide variety of currencies. A peer-to-peer marketplace is also provided by CurrencyFair, where users can exchange currencies with other users at rates determined by the market.
Money remitters including big names such as Western Union as well as lesser known companies such as Changjiang are commonly used by migrant communities to transfer funds quickly and cheaply to their families and businesses abroad. Police suspect Changjiang was set up by Chinese-Australian money launderers who intermingled the proceeds of crime with legitimate fund transfers totalling at least $10 billion dollars over three years. This masthead can also reveal that historical federal police and AUSTRAC intelligence describe how a network of Changjiang-linked money remitters were moving hundreds of millions of dollars every year. One briefing document from 2020 states “$1.26 billion [was moved] ... If you’re heading to a country that doesn’t use US dollars (USD), Euros (EUR) or Japanese yen (JPY), then consider using either a bank or Travelex.
It can often seem like every bank, exchange store or online service has their own rate - and choosing can feel daunting. Are you a startup, SMB, or enterprise-level business planning to have a money transfer application? Developed by Webcom Systems, our platform offers security and customization matched to your specific requirements.

The currency in Melbourne — and the rest of Australia — is the Australian dollar. Australia Pacific Airports Corporation acknowledges the First Nations of the lands on which our airports operate. With these collection locations, you must order online and pay before you head into store.
They also ‘run out’ of the most common currencies on busy days, so make sure you call ahead to ensure that you aren’t wasting your time. Our currency converter and comparison table are available online to make your foreign currency exchange easier. “Remittance businesses provide a critical service to the community, and the vast majority operate legitimately. However, the nature of the business means remitters are at a higher risk of exposure to money laundering, terrorism financing and other serious crimes.

In recent years, there has been a rise in innovative pop-up currency exchange booths, such as those by Accor's popular booking and loyalty platform, ALL. These pop-up booths were launched in major cities like Sydney, Melbourne, and Brisbane, offering Australians access to competitive exchange rates. Additionally, these pop-up exchanges often have charitable initiatives, allowing participants to donate their exchanged currency to meaningful causes, such as supporting domestic violence survivors. Looking to exchange Australian dollars for popular currencies like British pounds, Indonesian rupiah, or Fijian dollars?
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.
Convert currencies and check our daily rates with our exchange rates calculator. We have also partnered with leading currency exchange brands to offer more convenient collection store locations across Australia. In most cases, it is cheaper to buy your foreign currency at home in Australia before you head overseas but there are some important exceptions. It's cheaper to convert Australian dollars into foreign currency if you are travelling to Singapore, Bali, Thailand or Hong Kong. Whether you are heading to Japan for the amazing fresh food, Japanese ancient culture, or immerse yourself in the sights of Tokyo or hit the Japanese snowfields  it is very important that you take cash with you. Credit cards are becoming more popular in larger areas although it is not uncommon to encounter travelers having difficulties with foreign cards.