Exchange money in Melbourne, Australia
Our prices are constantly updated to reflect the most current exchange rates. It's also known as the 'interbank', 'wholesale', 'mid-market' or 'live' rate. It's also the rate that S Money offers for foreign currency in Australia. For example, if you wanted to buy some US dollars to travel overseas you can find the best AUD to USD exchange rate on Google by searching "AUD to USD". If you're planning a trip to Melbourne, it's important to know how to get the currency of the country you’re visiting.
This means peace of mind, knowing that the money you carry is genuine and ready for your travels. Our team is passionate about foreign currency and customer service, and we’re always happy to help you with any currency questions you might have. And as we are locally 墨尔本私人 换 汇 owned and operated – our profits stay in the communities our stores are located.
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.
Our online platform provides competitive rates and delivers your currency directly to your Melbourne address, saving you time and avoiding potential fees at airport exchange counters. Make your foreign currency go further with competitive rates, no commission fees, and flexible payment options. The cheapest way to get foreign currency in Melbourne will depend on the currency you need and the value you want to exchange.
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Foreign exchange rates from banks for common currencies, such as the US dollar (USD), Euro and British Pound (GBP) aren’t particularly competitive when compared to other currency exchange services. We've researched providers' fees and compared their exchange rates to come up with our top picks for 6 different transfer options - including large transfers, business transfers and cash transfers. One of the well-known international money transfer companies that provide for individuals as well as businesses is OFX, formerly known as OzForex. Although it has been around for over 20 years in the industry, OFX still maintains attractive exchange rates and very low fees. Users can send money to more than 190 countries and operate in many different currencies. With OFX, you will also have the support of 24/7 customer service so that you will get help whenever you need it.
We also help you discover the best options for the cheapest and fastest money transfers from the UK. Foreign Xchange operates 100% online, so we don’t have in-store pickup in Melbourne or any physical store. Whether you're an international traveller visiting Melbourne or a local planning a trip overseas, there are plenty of convenient places to exchange foreign currency in and around the Melbourne CBD. From market trends & fees to common jargon, get the lowdown on all things exchange rates.
Xendpay runs on a “pay what you want” system, with users being free to decide the amount they wish to pay for the service. Just like money exchange, the rates you are offered when transferring money overseas are different depending on which service you use. Most money transfer services don't offer the same rate that you see on Google or XE.
This is because they pass on the cost of using a physical storefront to you. ANZ used to offer the best bank exchange rates but they recently shut down their currency exchange operations. They have a great app and the card can be used almost anywhere on the planet. Access Australia's largest foreign currency range in one simple visit, with zero commission or fees at our Elizabeth St, Melbourne store. Proudly Australian-owned with over 20 years of trusted experience, we're here to help you maximise your travel budget. Access Australia's largest foreign currency range in one simple visit, with zero commission or fees at our Burwood Plaza store.
The store themselves may have additional currencies available for purchase. It underscores the challenge facing police as they combat a vast sea of dirty funds smuggled out of China in breach of Beijing’s strict capital flight laws or that have been generated via suspected fraud, corruption or drug trafficking. There is no suggestion Hardgrave is involved in any wrongdoing, is a police suspect or ever suspected Changjiang was involved in money laundering.
You can get a basic account with no ongoing fees, or trade up for a monthly fee to get more no fee transaction options. Set up a Wise account online or in the Wise app to exchange currencies in a few clicks. Use Wise for online currency conversion if you need to send a foreign currency payment, or arrange travel money.
Not all banks offer exchange services if you’re not their customer, so a currency exchange store may be easier - make sure the one you pick is safe and properly licensed. Check out the Wise card as a good option which uses the mid-market rate with low, transparent charges when you convert to spend or withdraw. The best places for buying Japanese yen in Australia are located in the major cities like Sydney and Melbourne.
The investigation primarily focused on a group operating the Changjiang Currency Exchange, a foreign exchange company with 12 branches across the country. We check our prices daily to make sure we have the best exchange rates in Southland, if you find a better price let us know. Melbourne Currency Exchange Southland also offers student and seniors discounts when you present a valid seniors card, so remember to let us know (we will never assume).