In this article we show you how to save money if you find yourself looking for Foreign Cash on the Gold Coast.
David Brown The famed Gold Coast of Australia offers stunning beaches along Surfers Paradise and Broadbeach, a plethora of international standard restaurants, and a unique opportunity to wonder through the unchanged hinterland of Gondwana rainforests.
You may also be on the Gold Coast doing some last minute shopping; picking up a backpack for an overseas trip or perhaps ducking out of work to grab some foreign cash for a business trip. Whatever the reason for your trip to the Gold Coast, you are better off ordering your foreign cash online from Travelex and then picking up the cash at a Post Office branch near to where you live or work.
You will find that you can save a couple of percent on the exchange rate margin by pre-ordering your cash. Our Review of Auspost exchange rates includes the following table that shows you an example of how much you can save.
| Currency | Amount | Branch Rate | Online Rate | Branch Cost | Online Cost | Online Saving | Saving % |
|---|---|---|---|---|---|---|---|
| USD | $500 | 0.6924 | 0.7138 | $722.14 | $700.48 | $21.66 | 3% |
| EUR | €500 | 0.5852 | 0.6033 | $854.41 | $828.78 | $25.63 | 3% |
| GBP | £500 | 0.5239 | 0.5401 | $954.39 | $925.75 | $28.63 | 3% |
| JPY | ¥50,000 | 75.372 | 78.5122 | $663.38 | $636.84 | $26.54 | 4% |
| NZD | $500 | 1.0223 | 1.0539 | $489.10 | $474.43 | $14.67 | 3% |
| Total | $4,698.21 | $4,698.21 | $129.85 | 3% |
Table showing Online vs In-branch Savings with AusPost (exchange rates were valid for 21st July, 2018)
The below live travel money comparison table shows how much you could save on your next foreign transfer or travel money purchase by ordering online for Auspost pickup vs the Average Bank Rate. This example shows you the situation where you want to change $AUD 2,000 for foreign cash, note the margins are compared to the current market mid-rate.
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Get better rates than available to you in-branch by first ordering online from Foreign Xchange for home delivery, you can still pick up in person at any Australia Post branch.
Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors or users should not be taken as a reference to buy or sell any financial product.