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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($)Exchange RateFee AUDTotal CostDeal Links
Travelex Online AU logo
665.00 USD
Compare
0.665$0 BPay, Card 0.72%-1%2.13%
Westpac logo
666.86 USD
1.86 USD
0.6736A$101.86%
ANZ Bank logo
650.83 USD
14 USD
0.6574A$104.22%
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
646.78 USD
18 USD
0.6547104.82%
Bank of Melbourne Foreign Currency
Bank of Melbourne logo
645.86 USD
19 USD
0.6557A$154.95%
BankSA Foreign Currency
BankSA logo
645.86 USD
19 USD
0.6557A$154.95%
Commonwealth Bank (CBA) logo
642.51 USD
22 USD
0.649A$105.44%
St George Bank logo
638.67 USD
26 USD
0.6484A$156.01%
National Australia Bank (nab) logo
636.87 USD
28 USD
0.6433106.27%
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:0.665 (2.13% from mid-rate)
USD amount:665.00 USD
Total Cost:2.13%
Time:
Rate Fetched: Wed Aug 21 2019 16:00:05 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
Westpac: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:0.6736 (0.87% from mid-rate)
USD amount:666.86 USD
Total Cost:1.86%
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: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:0.6574 (3.25% from mid-rate)
USD amount:650.83 USD
Total Cost:4.22%
Time:
Rate Fetched: website - Wed Aug 21 2019 16:03:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 3/5.0
Reviews:
 

Banks - Average Rate

Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:0.6459 (4.94% from mid-rate)
USD amount:646.78 USD
Total Cost:4.82%
Currency Services:Branch
Delivery/Collect:-
Bank of Melbourne: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:A$15 AUD (Minimum fee)
Exchange Rate:0.6557 (3.5% from mid-rate)
USD amount:645.86 USD
Total Cost:4.95%
Time:
Rate Fetched: website - 16:47 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
BankSA: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:A$15 AUD (Minimum fee)
Exchange Rate:0.6557 (3.5% from mid-rate)
USD amount:645.86 USD
Total Cost:4.95%
Time:
Rate Fetched: website - 16:47 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Commonwealth Bank (CBA): Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:0.649 (4.49% from mid-rate)
USD amount:642.51 USD
Total Cost:5.44%
Time:
Rate Fetched: website - Wed Aug 21 2019 16:02:02 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1.2/5.0
Reviews:
St George Bank: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:A$15 AUD (Minimum fee)
Exchange Rate:0.6484 (4.58% from mid-rate)
USD amount:638.67 USD
Total Cost:6.01%
Time:
Rate Fetched: website - 16:47 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
National Australia Bank (nab): Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:0.6433 (5.33% from mid-rate)
USD amount:636.87 USD
Total Cost:6.27%
Time:
Rate Fetched: website - 16:47 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2.1/5.0
Reviews:
 
Snapshot 08/21/2019 - 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

 

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: 13 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

GBP’s Bright Start to the Year Is a Distant Memory

The British pound was the worst-performing major currency in the April-June period and remains “impossible to forecast” amid a Tory leadership battle that might force “no deal” or a general election.

Last update: 30 Jun, 2019

  

Posted to: Locations

 
   

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