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Australia Post Exchange Rates Compared

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 Exchange Rates

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 Currency Exchange Rates vs the Banks

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.

 

Australia Post Travel Money Exchange Rates Compared

Buying USD Cash with AUD 2,000

Australia Post logo Australia Post
1AUD=0.7303USD
$1460.60 USD (3.04%)
The travel money service at Australia Post is provided by Travelex. Click Goto Site and simply order your travel money online from Travelex and elect to pick up at your foreign cash at your nearest located Australia Post branch. For Australia post collection and home delivery orders under $AUD1,000 a $10 collection fee applies.
Price Details
Receive: $1460.60 USD
Exchange Rate: 0.7303
(Inverse 1USD=AUD 1.3693)
Fees: AUD 0
Total Cost : 3.04% (from mid-rate: 0.7532)
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7303 and inclusive of the fee of AUD 0.
ANZ Bank logo ANZ Bank
1AUD=0.7264USD
$1438.27 USD (4.52%)
Foreign currency cash is charged at 1% of the AUD equivalent value for each currency purchased, with a minimum charge of AUD 8 per currency.
Price Details
Receive: $1438.27 USD
Exchange Rate: 0.7264
(Inverse 1USD=AUD 1.3767)
Fees: AUD 20 (1%)
Total Cost : 4.52% (from mid-rate: 0.7532)
Receive USD $22 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7264 and inclusive of the fee of AUD 20 (1%).
Rate timestamp : Mon May 21 2018 10:03:05 GMT+0000 (UTC)
NAB logo NAB
1AUD=0.7164USD
$1425.64 USD (5.36%)
The NAB in-branch travel money service is provided by Travelex.
Price Details
Receive: $1425.64 USD
Exchange Rate: 0.7164
(Inverse 1USD=AUD 1.3959)
Fees: AUD 10
Total Cost : 5.36% (from mid-rate: 0.7532)
Receive USD $35 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7164 and inclusive of the fee of AUD 10.
Commonwealth Bank logo Commonwealth Bank
1AUD=0.7202USD
$1426.00 USD (5.34%)
Price Details
Receive: $1426.00 USD
Exchange Rate: 0.7202
(Inverse 1USD=AUD 1.3885)
Fees: AUD 20 (1%)
Total Cost : 5.34% (from mid-rate: 0.7532)
Receive USD $35 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7202 and inclusive of the fee of AUD 20 (1%).
Rate timestamp : Mon May 21 2018 10:02:02 GMT+0000 (UTC)
Westpac logo Westpac
1AUD=0.7201USD
$1425.80 USD (5.35%)
Price Details
Receive: $1425.80 USD
Exchange Rate: 0.7201
(Inverse 1USD=AUD 1.3887)
Fees: AUD 20 (1%)
Total Cost : 5.35% (from mid-rate: 0.7532)
Receive USD $35 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7201 and inclusive of the fee of AUD 20 (1%).
St George Bank logo St George Bank
1AUD=0.7195USD
$1424.61 USD (5.43%)
Price Details
Receive: $1424.61 USD
Exchange Rate: 0.7195
(Inverse 1USD=AUD 1.3899)
Fees: AUD 20 (1%)
Total Cost : 5.43% (from mid-rate: 0.7532)
Receive USD $36 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7195 and inclusive of the fee of AUD 20 (1%).
Bank of Melbourne logo Bank of Melbourne
1AUD=0.7118USD
$1409.36 USD (6.44%)
Please check with the BOM in-branch travel money service for their latest rates.
 
Price Details
Receive: $1409.36 USD
Exchange Rate: 0.7118
(Inverse 1USD=AUD 1.4049)
Fees: AUD 20 (1%)
Total Cost : 6.44% (from mid-rate: 0.7532)
Receive USD $51 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7118 and inclusive of the fee of AUD 20 (1%).
BankSA logo BankSA
1AUD=0.7118USD
$1409.36 USD (6.44%)
 
Price Details
Receive: $1409.36 USD
Exchange Rate: 0.7118
(Inverse 1USD=AUD 1.4049)
Fees: AUD 20 (1%)
Total Cost : 6.44% (from mid-rate: 0.7532)
Receive USD $51 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7118 and inclusive of the fee of AUD 20 (1%).
Bank Rates - Average
ANZ Bank logo  Commonwealth Bank logo  St George Bank logo  Westpac logo  NAB logo  Bank of Melbourne logo  BankSA logo 
1AUD=0.7180USD
$1422.72 USD (5.55%)
This is the average AUD to USD Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: $1422.72 USD
Exchange Rate: 0.7193
(Inverse 1USD=AUD 1.3902)
Fees: AUD 10
Total Cost : 5.55% (from mid-rate: 0.7532)
Receive USD $38 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7180 and inclusive of the fee of AUD 10.
Auspost currency exchange rates vs bank average
 

Australia Post Exchange Rates – Order Foreign Cash Online for Better Currency 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 pre-ordering your foreign cash online for pickup at the Auspost branch or another convenient location.

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 logo Australia Post Travel Money Travelex logo

Order travel money online

Save money for your trip by ordering your foreign cash 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.


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.

BestExchangeRates recommends:

  • 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.

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Categories: Money Saving Guides, Reviews, Travel Tags: , ,

2 Reviews for “Australia Post Exchange Rates Compared”

  1. jess says:

    The staff at my local post office jst told me to order on line!

    Rating: 2
  2. Sophie says:

    Am glad I read this post before I bought currency from Oz Post, the staff were helpful but took a long time to figure out how to use their system to give me an exchange rate. Much easier to order online and less ugly looks from the long queue behind me while I was asking my “silly” questions.

    Rating: 4

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