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Hi I will be heading to the US in a fortnight and would like to know what is the best place to change AUS to USD in Melbourne? I did ...
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  1. #1
    New Member brennan's Avatar
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    best place for currency exchange in melbourne

    Hi

    I will be heading to the US in a fortnight and would like to know what is the best place to change AUS to USD in Melbourne? I did a search and most of the places are for Brisbane and Sydney.

    Thanks

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  3. #2
    Senior Member Sprucegoose's Avatar
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    Re: best place for currency exchange in melbourne

    Quote Originally Posted by brennan View Post
    Hi

    I will be heading to the US in a fortnight and would like to know what is the best place to change AUS to USD in Melbourne? I did a search and most of the places are for Brisbane and Sydney.

    Thanks
    not sure but look at the total cost and dont do it with travelex at the airport. check ur bank as well maybe a better rate and no commission depending on which account you have.



    Cheers

    Spruce

    'Travel is fatal to prejudice, bigotry and narrow mindedness '- Mark Twain

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    Junior Member Boof1's Avatar
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    Re: best place for currency exchange in melbourne

    Have a look at the rates and the fees then check with your bank as to the fee for withdrawal using a US ATM. Sometimes instead of converting at the bank here it is so much easier to just withdraw when you arrive in the US, and you might get a better rate than the retail providers such as Amex, Travelex etc;

    Also I second the Travelex Airport advice. I don't use them as the rates are shocking and the fees are obscene. They pray on people who need to use them or feel like they have to have cash in pockets prior to departure.

    Boof

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    Junior Member ranger's Avatar
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    Re: best place for currency exchange in melbourne

    Post Office.
    We ordered USD500 one working day...paid in AU$540......we received US$ the next working day.
    That was back in ?April.

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    New Member brennan's Avatar
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    Re: best place for currency exchange in melbourne

    Thanks everbody.

    Boof1, you have a point there. I was thinking of converting it when I arrive in the US. Its strange that the country you visit have a better rates. It happen to me when I went to europe last year. Converted AUD to euro in Germany instead and I ended up better off then when converting it here.


    Quote Originally Posted by Boof1 View Post
    Have a look at the rates and the fees then check with your bank as to the fee for withdrawal using a US ATM. Sometimes instead of converting at the bank here it is so much easier to just withdraw when you arrive in the US, and you might get a better rate than the retail providers such as Amex, Travelex etc;

    Also I second the Travelex Airport advice. I don't use them as the rates are shocking and the fees are obscene. They pray on people who need to use them or feel like they have to have cash in pockets prior to departure.

    Boof


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    Senior Member Sprucegoose's Avatar
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    Re: best place for currency exchange in melbourne

    Money is a commodity bought and sold subject to supply and demand which can in part explain why it would be a different price in another market.



    Cheers

    Spruce

    'Travel is fatal to prejudice, bigotry and narrow mindedness '- Mark Twain

  9. #7
    Senior Member Sprucegoose's Avatar
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    Re: best place for currency exchange in melbourne

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    Quote Originally Posted by Boof1 View Post
    Have a look at the rates and the fees then check with your bank as to the fee for withdrawal using a US ATM. Sometimes instead of converting at the bank here it is so much easier to just withdraw when you arrive in the US, and you might get a better rate than the retail providers such as Amex, Travelex etc;

    Also I second the Travelex Airport advice. I don't use them as the rates are shocking and the fees are obscene. They pray on people who need to use them or feel like they have to have cash in pockets prior to departure.

    Boof
    Yes agree. I just got a NAB GOLD VISA DEBIT CARD which doesnt have ATM fees and some other favourable benefits. I got it for OS FX trans.

    NAB - NAB Gold Banking



    Cheers

    Spruce

    'Travel is fatal to prejudice, bigotry and narrow mindedness '- Mark Twain

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