In this article we take a look at Australia Post exchange rates and foreign currency services. Getting your travel money from the local Auspost branch is convenient but with a little planning (and ordering online) you can also save money for your next trip abroad.
Australia Post branches are a one stop shop, providing tons of helpful services to help you prep for an overseas trip. Australia Post provides foreign currency exchange, travel money cards, traveller’s cheques and foreign money transfer to bank accounts or cash pickup. You can also get international travel insurance from Australia Post, international mobile SIMs and they can hold or redirect your mail until you get back from your trip.
Australia Post Exchange Rates
Auspost provides an extensive and convenient branch network for people who prefer to do their foreign exchange in person. This ‘Australia Post Exchange Rates convenience’ comes at a cost with higher exchange rate margins, however, these can be minimised by transacting online.
Australia Post Money Exchange – Order Online for Better FX Rates
Australia Post Exchange Rate service is provided by Travelex. The important thing to know here is that you can get better rates online than available in branch.
To prove this point, the author went to his local AusPost branch to check the Australia Post Exchange Rates available in branch versus ordering online for pick-up at the very same branch.
For this trip, I would need 500 of each of US dollars, Euros, British Pounds and 10,000 of Chinese Yuan.
As you can see from the table below I would save around 3% by ordering online (note exchange rates were valid for 7th Feb, 2018).
Table showing Online vs In-branch Savings with AusPost
Click on the link below to order your travel money online from Travelex and select to pick up at your foreign cash at your nearest located Auspost branch.
Australia Post Travel Money
Get better rates than available to you by ordering online from Travelex, you can still pickup your money in person at any AusPost branch.
Note a $10 collection fee applies for Australia Post foreign currency collections or Travelex home delivery orders that are under $AUD1,000.
Australia Post Travel Money Rates & Fees - Compared
Travel Money Exchange Rates Compared
Buying USD Cash with AUD 2,000
* Orders paid for via BPAY incur no additional fees. Card (debit or credit) will incur a card surcharge; MasterCard (debit) 0.77%, MasterCard (credit) 0.94%, Visa (debit) 0.72% and Visa (credit) 1%. In addition, for Credit Card purchases, your card issuer may charge a separate cash advance fee. For Australia post collection and home delivery orders under $AUD1,000 a $10 collection fee applies.
Rate timestamp : Mon Apr 23 2018 07:00:03 GMT+0000 (UTC)
Rate timestamp : Mon Apr 23 2018 07:03:04 GMT+0000 (UTC)
Rate timestamp : Mon Apr 23 2018 07:02:02 GMT+0000 (UTC)
Sending money abroad with AusPost
Australia Post is an agent for Western Union, as such all the exchange rates and fees you will get from a visit to an Auspost branch to send money overseas will be those of Western Union.
Western Union are really only a good option if you are in a rush or you and/or the recipient do not have bank accounts.
- For bank to bank transfers, it is always better to use a FX specialist.
- Find the best provider and rates with our comparison calculator.
- Consider much cheaper and better options such as TorFX, OFX and World First.
Order foreign cash online via Travelex for pick-up at your local Auspost branch – Save Time & Money.