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Understanding the Table:
The comparison table above helps you see the total cost of your Australia Post currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
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 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.
The Australia Post travel money service is provided via their partnership with Travelex. You can get the best rates by Ordering Online from Travelex and then requesting Pickup at your local Post Office.
Free Home Delivery when you Buy Online Travel Money & Cards with $0 commission and great exchange rates only available from Travelex Online.
Zero cost for Home Delivery or pickup your foreign cash at your local Travelex store or at the airport on departure day.
Home deliveries can only be made to the registered billing address of your chosen payment method.
The button below will take you to the Travelex website so remember to elect to pick up at your nearest Australia Post branch if that is the most convenient.
Orders paid for via BPAY incur no additional fees. Card (debit or credit) will incur a card surcharge; MasterCard (debit) 0.77%, MasterCard (credit) 0.94%, Visa (debit) 0.72% and Visa (credit) 1%. In addition, for Credit Card purchases, your card issuer may charge a separate cash advance fee. For Australia post collection and home delivery orders under $AUD1,000 a $10 collection fee applies.
Remember at the Travelex Online checkout you can request free home delivery or to pick up your foreign cash at your local Post Office branch.
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:
The Australia Post AUD to USD exchange rate is 0.5871. This is -10.4% compared to the latest AUD-USD mid-market rate 0.6554.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Australian dollar (AUD) to US dollar (USD) rates from different sources before making a conversion.
The above Australia Post - Aussie to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Australia Post and other foreign exchange providers against the latest AUD-USD mid-rate and the possible savings of using various providers.
Looking at the full AUD to USD - Send Money comparison table the provider with the best AUD to USD exchange rate is OFX at 0.6521, -0.5% from the latest mid-market rate 0.6554.
The next best is XE at 0.6515, -0.6% from the mid-rate.
Then Wise at 0.6511, which is -0.66% from the mid-rate.
The Western Union rate is 0.6488 which is -1% from the mid-rate.
Among the banks the Commonwealth Bank rate is 0.6315 at -3.6% the ANZ Bank rate is 0.6354 at -3.1% and the ING Bank rate is 0.6303 at -3.8% compared to the mid-rate 0.6554.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service like Australia Post or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
