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Sydney CBD – Find Best Exchange Rates

In this article we show you how to save money if you find yourself looking for Foreign Cash in the Sydney CBD.

#Locations #AUD #Currency-Exchange
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Sydney is often mentioned as one of the most beautiful cities in the world. Whether you are visiting to experience the dazzling the harbour; the crystal blue waters and crashing waves of Bondi beach; learn about Sydney’s convict past; sample the culinary wonders across the city; or delight your senses at the Sydney Opera House, you you will want to be prepared for your trip and be at the ready with some australian dollars in your wallet.

Ordering Cash Online versus buying In-Store

Whatever your reason for visiting, and there are so many possible reasons, before you hit the streets you are better off ordering your foreign cash online from Travelex and then picking up the cash at a Travelex, Post Office or HSBC branch.

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)

 

Order Online 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 pickup at Travelex or Auspost 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 ProvidersAmount USD(U$)Exchange RateFee AUDTotal CostDeal Links
Travelex Online AU logo
U$657.20
Compare
0.6572$0 BPay, Card 0.72%-1%2.85%
Westpac logo
U$666.86
U$9.66 more
0.6736A$101.42%
ANZ Bank logo
U$648.85
U$8.35 less
0.6554A$104.09%
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
U$644.48
U$13 less
0.6524104.73%
Bank of Melbourne Foreign Currency
Bank of Melbourne logo
U$643.01
U$14 less
0.6528A$154.95%
BankSA Foreign Currency
BankSA logo
U$643.01
U$14 less
0.6528A$154.95%
Commonwealth Bank (CBA) logo
U$639.74
U$17 less
0.6462A$105.43%
St George Bank logo
U$635.92
U$21 less
0.6456A$156%
National Australia Bank (nab) logo
U$634.00
U$23 less
0.6404106.28%
 

Travelex Online AU logo

Travelex Online AU: Travel Money AUD→USD
From Amount (AUD)A$1,000
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:0.6572 (2.85% from mid-rate)
To Amount (USD) U$657.20
Total Cost:2.85%
Time:
Rate Fetched: Wed Oct 16 2019 16:45:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Westpac logo

Westpac: Travel Money AUD→USD
From Amount (AUD)A$1,000
Fee:A$10 AUD (1%)
Exchange Rate:0.6736 (0.43% from mid-rate)
To Amount (USD) U$666.86
Total Cost:1.42%
Time:
Rate Fetched: website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

ANZ Bank logo

ANZ Bank: Travel Money AUD→USD
From Amount (AUD)A$1,000
Fee:A$10 AUD (1%)
Exchange Rate:0.6554 (3.12% from mid-rate)
To Amount (USD) U$648.85
Total Cost:4.09%
Time:
Rate Fetched: website - Wed Oct 16 2019 16:03:05 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 3/5.0
Reviews:
 

Banks - Average Rate

Travel Money AUD→USD
From Amount (AUD)A$1,000
Fee:10
Exchange Rate:0.6430 (4.95% from mid-rate)
To Amount (USD) U$644.48
Total Cost:4.73%
Currency Services:Branch
Delivery/Collect:-
 

Bank of Melbourne logo

Bank of Melbourne: Travel Money AUD→USD
From Amount (AUD)A$1,000
Fee:A$15 AUD (Minimum fee)
Exchange Rate:0.6528 (3.5% from mid-rate)
To Amount (USD) U$643.01
Total Cost:4.95%
Time:
Rate Fetched: website - 16:47 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

BankSA logo

BankSA: Travel Money AUD→USD
From Amount (AUD)A$1,000
Fee:A$15 AUD (Minimum fee)
Exchange Rate:0.6528 (3.5% from mid-rate)
To Amount (USD) U$643.01
Total Cost:4.95%
Time:
Rate Fetched: website - 16:47 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Commonwealth Bank (CBA) logo

Commonwealth Bank (CBA): Travel Money AUD→USD
From Amount (AUD)A$1,000
Fee:A$10 AUD (1%)
Exchange Rate:0.6462 (4.48% from mid-rate)
To Amount (USD) U$639.74
Total Cost:5.43%
Time:
Rate Fetched: website - Wed Oct 16 2019 16:02:02 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1.2/5.0
Reviews:
 

St George Bank logo

St George Bank: Travel Money AUD→USD
From Amount (AUD)A$1,000
Fee:A$15 AUD (Minimum fee)
Exchange Rate:0.6456 (4.57% from mid-rate)
To Amount (USD) U$635.92
Total Cost:6%
Time:
Rate Fetched: website - 16:47 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

National Australia Bank (nab) logo

National Australia Bank (nab): Travel Money AUD→USD
From Amount (AUD)A$1,000
Fee:10
Exchange Rate:0.6404 (5.34% from mid-rate)
To Amount (USD) U$634.00
Total Cost:6.28%
Time:
Rate Fetched: website - 16:47 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2.1/5.0
Reviews:
 
Snapshot 10/16/2019 - See full table
Travelex Online currency exchange rates vs bank average
 

 

Travelex logo

Get $10 Off at Travelex stores (exchanging foreign cash to AUD)

To save you money exchanging foreign cash to AUD we have organised a special coupon that will save you $10 when you exchange more than $500 equivalent of AUD.

Get your $10 Coupon

Make sure you only unlock your discount code and present to a salesperson once you are in a Travelex store as you will only have 30 minutes to redeem this promotion.

 

Sydney CBD Currency Exchange Locations

 

Pre-Order Foreign Cash & Save

Travelex logo Australia Post logo HSBC logo

Order travel money online

Get better rates than available to you by walking into Travelex, Auspost or HSBC branches by pre-ordering online from Travelex, you can still pick up in person at any Travelex, Auspost or HSBC branch.

 

 

Further Reading

 

Disruptors Challenging Australian Banks in Forex Price and Service: ACCC Report

Key Takeaways from the ACCC inquiry into currency conversion services. BestExchangeRates referenced among comparison sites playing an important role in customer awareness of the excessive currency margins charged by banks.

Last update: 1 Oct, 2019

AUD/GBP Between a Rock and a Hard Place – USD Strength

AUD/GBP versus AUD/USD and GBP/USD

Both the Australian dollar and British pound sterling have had a hard time of late caught between the rock of the China/US trade war and the Brexit hard place.

Last update: 27 Aug, 2019

Australia Cuts Interest Rates to Record Low

RBA Australian dollar AUD currency news and forecasts

The RBA has cut Australian interest rates to a record low of 1 percent in an effort to boost inflation. The Australian dollar is slightly stronger following the widely expected decision but is expected to lose 5–7 percent of its value before year-end.

Last update: 14 Aug, 2019

  

Posted to: Locations

 
   

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