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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.

 
Exchange Rates 4.7
Customer Service 2.3
Ease of Use 3.7

Australia Post Exchange Rates – How do they Compare?

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 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.

 

Travel Money - Best vs Banks - Australia Post logoAustralia Post

Travel Money Providers
Ratings & Reviews
Amount USD($)Exchange RateFee AUDTotal CostCurrency ServicesDelivery/CollectDeal Links
 
Foreign Xchange logo
694.80 USD
Best Overall
0.694802.31%Online order, Free delivery, Pickup in Adelaide only5 days
 
Travelex Online AU logo
690.20 USD
4.6 USD less
0.6902$0 BPay, Card 0.72%-1%2.95%Online order, Branch pickup, Home delivery2-3 days
 
Travel Money Oz logo
689.90 USD
4.9 USD less
0.6899$0 BPay, Credit Card 1%2.99%Online order, Branch pickup3-5 days
 
Australia Post logo
686.30 USD
0.6863$0 BPay, Card 0.72%-1%3.5%Online order, Branch pickup, $10 fee for orders under $10002-3 days
 
ANZ Bank logo
676.37 USD
18 USD less
0.6832$104.9%Branch-
Bank of Melbourne Foreign Currency
Bank of Melbourne logo
676.01 USD
19 USD less
0.6863$154.95%Branch-
BankSA Foreign Currency
BankSA logo
676.01 USD
19 USD less
0.6863$154.95%Branch-
 
Commonwealth Bank (CBA) logo
673.50 USD
21 USD less
0.6803$105.3%Branch-
Banks - Average Rate
Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo National Australia Bank (nab) logo Bank of Melbourne logo BankSA logo
672.1 USD
23 USD less
0.6804105.5%Branch-
 
St George Bank logo
669.41 USD
25 USD less
0.6796$155.88%Branch-
 
Westpac logo
666.86 USD
28 USD less
0.6736$106.23%Branch-
 
National Australia Bank (nab) logo
666.57 USD
28 USD less
0.6733106.28%Branch-
Foreign Xchange: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:0
Exchange Rate:0.6948 (2.31% from mid-rate)
USD amount:694.80 USD
Total Cost:2.31%
Time:8:47 Local
Currency Services:Online order, Free delivery, Pickup in Adelaide only
Delivery/Collect:5 days
Rating:
 
: 4/5.0
Reviews:
Travelex Online AU: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:0.6902 (2.95% from mid-rate)
USD amount:690.20 USD
Total Cost:2.95%
Time:
Rate Fetched: Fri Feb 22 2019 08:00:03 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
Travel Money Oz: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$0 BPay, Credit Card 1%
Exchange Rate:0.6899 (2.99% from mid-rate)
USD amount:689.90 USD
Total Cost:2.99%
Time:
Rate Fetched: Fri Feb 22 2019 08:00:05 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup
Delivery/Collect:3-5 days
Rating:
 
: 4.2/5.0
Reviews:
Australia Post: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:0.6863 (3.5% from mid-rate)
USD amount:686.30 USD
Total Cost:3.5%
Time:8:47 Local
Currency Services:Online order, Branch pickup, $10 fee for orders under $1000
Delivery/Collect:2-3 days
Rating:
 
: 4/5.0
Reviews:
ANZ Bank: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$10 AUD (1%)
Exchange Rate:0.6832 (3.94% from mid-rate)
USD amount:676.37 USD
Total Cost:4.9%
Time:
Rate Fetched: website - Fri Feb 22 2019 08:03:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 3/5.0
Reviews:
Bank of Melbourne: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$15 AUD (Minimum fee)
Exchange Rate:0.6863 (3.5% from mid-rate)
USD amount:676.01 USD
Total Cost:4.95%
Time:
Rate Fetched: website - 8:47 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
BankSA: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$15 AUD (Minimum fee)
Exchange Rate:0.6863 (3.5% from mid-rate)
USD amount:676.01 USD
Total Cost:4.95%
Time:
Rate Fetched: website - 8:47 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Commonwealth Bank (CBA): Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$10 AUD (1%)
Exchange Rate:0.6803 (4.34% from mid-rate)
USD amount:673.50 USD
Total Cost:5.3%
Time:
Rate Fetched: website - Fri Feb 22 2019 08:02:02 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1.2/5.0
Reviews:
 

Banks - Average Rate
Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo National Australia Bank (nab) logo Bank of Melbourne logo BankSA logo

Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:0.6760 (4.95% from mid-rate)
USD amount:672.1 USD
Total Cost:5.5%
Currency Services:Branch
Delivery/Collect:-
St George Bank: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$15 AUD (Minimum fee)
Exchange Rate:0.6796 (4.44% from mid-rate)
USD amount:669.41 USD
Total Cost:5.88%
Time:
Rate Fetched: website - 8:47 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
Westpac: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$10 AUD (1%)
Exchange Rate:0.6736 (5.29% from mid-rate)
USD amount:666.86 USD
Total Cost:6.23%
Time:
Rate Fetched: website - Fri Feb 22 2019 08:04:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
National Australia Bank (nab): Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:0.6733 (5.33% from mid-rate)
USD amount:666.57 USD
Total Cost:6.28%
Time:
Rate Fetched: website - 8:47 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2.1/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in Australia by ASIC. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/22/2019
Auspost currency exchange rates vs bank average
 

Australia Post Exchange Rates – Savings Tip – Order Travel 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 US dollars, Euros, British Pounds, NZ Dollars and 50,000 of Japanese Yen.

As you can see from the table below I would save around 3% by ordering online (note exchange rates were valid for 21st July, 2018).

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
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.

Related Posts

Reviews - Average Rating: 3.6

3 Reviews for “Australia Post Exchange Rates Compared”

  1. Bill says:

    I am giving 5 stars for the exchange rates when ordered Online has recommended here, 2 stars for the customer service in branch (they mean well but foreign exch is not a knowledge strength!) and 5 stars for Ease of use, when order via the Travelex website. I will order this way again, Thx.

    Exchange Rates 5
    Customer Service 2
    Ease of Use 5
  2. jess says:

    The staff at my local post office just told me to order online! Good rates and easy to use if you order online.

    Exchange Rates 5
    Customer Service 1
    Ease of Use 4
  3. 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.

    Exchange Rates 4
    Customer Service 4
    Ease of Use 2

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