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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.

 

Compare Travel Money Exchange Rates vs Australia Post logoAustralia Post

AUD $1,000 → Spend U.S. dollar (USD)

ProviderSpend Amount AUDExchange RateCostReviewsLinks to Offers
Travelex Online AU logoTravelex Online AU
$691.40 USD
Top Provider
0.69143.1%
 
Australia Post logoAustralia Post
$691.40 USD0.69143.1%
 
HSBC logoHSBC
$684.50 USD
$6.9 less
0.68454.06%
ANZ Bank logoANZ Bank
$678.55 USD
$13 less
0.68544.9%
 
Citibank logoCitibank
$674.19 USD
$17 less
0.6815.51%
Commonwealth Bank logoCommonwealth Bank
$673.70 USD
$18 less
0.68055.58%
 
Banks - Average Rate
Westpac logo ANZ Bank logo Commonwealth Bank logo St George Bank logo Citibank logo HSBC logo NAB logo Bank of Melbourne logo BankSA logo
$671.92 USD
$19 less
0.67915.83%
NAB logoNAB
$671.52 USD
$20 less
0.67835.88%
 
St George Bank logoSt George Bank
$669.60 USD
$22 less
0.67986.15%
 
Westpac logoWestpac
$666.86 USD
$25 less
0.67366.54%
 
Bank of Melbourne logoBank of Melbourne
$664.19 USD
$27 less
0.67436.91%
BankSA logoBankSA
$664.19 USD
$27 less
0.67436.91%
Travelex Online AU: rate, rating & reviews
From amount:$1,000 AUD
To amount:$691.40 USD
Exchange Rate:0.6914
Total Cost:3.1% (against AUD/USD mid-rate: 0.7135)
Fees:0
Timestamp:
Rate Fetched: Mon Oct 15 2018 08:00:04 GMT+0000 (UTC)
Rating:
 
: 4.3/5.0
Reviews:
Australia Post: rate, rating & reviews
From amount:$1,000 AUD
To amount:$691.40 USD
Exchange Rate:0.6914
Total Cost:3.1% (against AUD/USD mid-rate: 0.7135)
Fees:$0
Timestamp:8:47 Local
Rating:
 
: 4/5.0
Reviews:
HSBC: rate, rating & reviews
From amount:$1,000 AUD
To amount:$684.50 USD
Exchange Rate:0.6845
Total Cost:4.06% (against AUD/USD mid-rate: 0.7135)
Fees:$0
Timestamp:
Rating:
: /5.0
Reviews:
ANZ Bank: rate, rating & reviews
From amount:$1,000 AUD
To amount:$678.55 USD
Exchange Rate:0.6854
Total Cost:4.9% (against AUD/USD mid-rate: 0.7135)
Fees:$10
Timestamp:
Rate Fetched: website - Mon Oct 15 2018 08:03:04 GMT+0000 (UTC)
Rating:
 
: 3/5.0
Reviews:
Citibank: rate, rating & reviews
From amount:$1,000 AUD
To amount:$674.19 USD
Exchange Rate:0.6810
Total Cost:5.51% (against AUD/USD mid-rate: 0.7135)
Fees:$10
Timestamp:
Rating:
: /5.0
Reviews:
Commonwealth Bank: rate, rating & reviews
From amount:$1,000 AUD
To amount:$673.70 USD
Exchange Rate:0.6805
Total Cost:5.58% (against AUD/USD mid-rate: 0.7135)
Fees:$10
Timestamp:
Rate Fetched: website - Mon Oct 15 2018 08:02:01 GMT+0000 (UTC)
Rating:
 
: 1.2/5.0
Reviews:
 

Banks - Average Rate
Westpac logo ANZ Bank logo Commonwealth Bank logo St George Bank logo Citibank logo HSBC logo NAB logo Bank of Melbourne logo BankSA logo

Banks - Average Rate :
From amount:$1,000 AUD
To amount:$671.92 USD
Exchange Rate:0.6810
Total Cost:5.83% (against AUD/USD mid-rate: 0.7135)
Fees:$10
 
NAB: rate, rating & reviews
From amount:$1,000 AUD
To amount:$671.52 USD
Exchange Rate:0.6783
Total Cost:5.88% (against AUD/USD mid-rate: 0.7135)
Fees:$10
Timestamp:
Rate Fetched: website - 8:47 Local
Rating:
 
: 2.1/5.0
Reviews:
St George Bank: rate, rating & reviews
From amount:$1,000 AUD
To amount:$669.60 USD
Exchange Rate:0.6798
Total Cost:6.15% (against AUD/USD mid-rate: 0.7135)
Fees: Minimum 15 AUD
Timestamp:
Rate Fetched: website - 8:47 Local
Rating:
 
: 1/5.0
Reviews:
Westpac: rate, rating & reviews
From amount:$1,000 AUD
To amount:$666.86 USD
Exchange Rate:0.6736
Total Cost:6.54% (against AUD/USD mid-rate: 0.7135)
Fees:$10
Timestamp:
Rate Fetched: website - Mon Oct 15 2018 08:04:04 GMT+0000 (UTC)
Rating:
 
: 2/5.0
Reviews:
Bank of Melbourne: rate, rating & reviews
From amount:$1,000 AUD
To amount:$664.19 USD
Exchange Rate:0.6743
Total Cost:6.91% (against AUD/USD mid-rate: 0.7135)
Fees: Minimum 15 AUD
Timestamp:
Rate Fetched: website - 8:47 Local
Rating:
: /5.0
Reviews:
BankSA: rate, rating & reviews
From amount:$1,000 AUD
To amount:$664.19 USD
Exchange Rate:0.6743
Total Cost:6.91% (against AUD/USD mid-rate: 0.7135)
Fees: Minimum 15 AUD
Timestamp:
Rate Fetched: website - 8:47 Local
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Request a free multiple-vendor quote: Get Quotes
* Cost = exchange rate margin + fees vs AUD/USD mid-rate: 0.7135
Rates @ 10/15/2018
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).

CurrencyAmountBranch RateOnline RateBranch CostOnline CostOnline SavingSaving %
USD $5000.69240.7138$722.14$700.48$21.663%
EUR €5000.58520.6033$854.41$828.78$25.633%
GBP £5000.52390.5401$954.39$925.75$28.633%
JPY¥50,00075.37278.5122$663.38$636.84$26.544%
NZD$5001.02231.0539$489.10$474.43$14.673%
Total$4,698.21$4,698.21$129.853%
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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