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Melbourne CBD – Best Currency Exchange Rates

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

Australia’s second biggest city is a hive of activity that has a special appeal to those seeking to satisfy their arts and cultural apetites as well as their discerning palates. With reason, (but without conclusive data – just plenty of anecdotal evidence), the neighbourhoods of Fitzroy, Collingwood, and Brunswick as well as the CBD, have been touted as serving the best coffee in the world.

The curious thing behind the huge success of the cafe culture in Melbourne, is there is no template for a “Melbourne cafe”. Each cafe and neighbourhood in which it has been cultivated, has it’s own unique vibe. This in itself provides a great underlying mission for exploring Melbourne.

If not for food or coffee, you may also be in the Melbourne CBD doing some last minute shopping; picking up a backpack for an overseas trip or perhaps ducking out of work to grab some foreign cash for a business trip. Before you hit the streets you are better off ordering your foreign cash online from Travelex and then picking up the cash at a Post Office branch near to where you live or work.

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.

Ordering Cash Online versus buying In-Store in Melbourne

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 Foreign Xchange or Travelex and then picking up the cash at a Post Office branch near to where you live or work.

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)

Compare the Online exchange rates providers and banks in Melbourne

These tables show the latest rates from some major Australian banks (CBA, ANZ and Westpac) for foreign transfers and travel money. The percentages with the rates show how much margin the bank is charging compared to the market mid-rate.

The tables are updated hourly, for the latest comparison goto our comparison calculators for Foreign Transfers and Travel Money.

You can click the rates to goto directly to the comparison table for the currency and transaction type of your choice – the percentage margins for each rate are to the latest market midrate

Travelex , 1AUD=Travel Money
AED - UAE dirham2.5595 (5.42%)
ARS - Argentine peso8.377 (613.02%)
ARS - Argentine peso35.5073 (68.22%)
BHD - Bahraini dinar0.2455 (12.83%)
BND - Brunei dollar0.876 (12.48%)
BRL - Brazilian real2.7351 (43.21%)
CAD - Canadian dollar0.9037 (5.48%)
CHF - Swiss franc0.6304 (5.6%)
CLP - Chilean peso490.9416 (13.8%)
CNY - Chinese yuan4.5463 (6.19%)
CZK - Czech Republic koruna14.302 (12.64%)
DKK - Danish krone4.3317 (5.48%)
EGP - Egyptian pound11.4662 (0.56%)
EGP - Egyptian pound9.4163 (22.45%)
EUR - Euro0.5951 (3.14%)
FJD - Fijian dollar1.4416 (5.06%)
GBP - British pound sterling0.5334 (3.15%)
HKD - Hong Kong dollar5.4063 (5.33%)
HRK - Croatian kuna4.2003 (10.41%)
HUF - Hungarian forint195.9905 (12.07%)
IDR - Indonesian rupiah9380.9286 (10.77%)
ILS - Israeli New Sheqel2.1091 (15.03%)
INR - Indian rupee46.6543 (15.96%)
ISK - Icelandic krona80.7785 (20.66%)
JPY - Japanese yen72.5976 (5.62%)
KRW - South Korean won758.3782 (7.37%)
KWD - Kuwaiti dinar0.1948 (14.99%)
LKR - Sri Lankan rupee117.9779 (16.06%)
MAD - Moroccan Dirham5.6005 (19.47%)
MOP - Macanese pataca5.0115 (17.4%)
MUR - Mauritian rupee25.211 (16.1%)
MXN - Mexican peso12.8558 (14.89%)
MYR - Malaysian ringgit2.7939 (7.22%)
NOK - Norwegian krone5.8918 (10.54%)
NPR - Nepalese rupee70.0461 (24.46%)
NZD - New Zealand dollar1.0136 (3.13%)
OMR - Omani rial0.2455 (15.19%)
PGK - Papua New Guinean kina2.2079 (17.44%)
PHP - Philippine peso30.8497 (14.49%)
PKR - Pakistani rupee104.1029 (12.83%)
PLN - Polish zloty2.4583 (11.87%)
QAR - Qatari rial2.333 (14.64%)
RUB - Russian ruble49.9143 (11.87%)
SAR - Saudi riyal2.4268 (13.52%)
SBD - Solomon Islands dollar5.0839 (16.55%)
SEK - Swedish krona5.6908 (10.12%)
SGD - Singapore dollar0.9335 (5.56%)
THB - Thai baht21.0401 (5.66%)
TOP - Tongan paanga1.4303 (17.51%)
TRY - Turkish lira5.0194 (14.88%)
TWD - New Taiwan dollar18.2759 (14.74%)
USD - U.S. dollar0.7158 (2.61%)
VND - Vietnamese Dong14634.5028 (16.37%)
VUV - Vanuatu vatu68.4178 (20.13%)
WST - Samoan tala1.5248 (23.89%)
XPF - CFP franc64.9351 (12.8%)
ZAR - South African rand10.4834 (7.5%)
Tue Dec 1, 2020 22:05 AEDT
Travelex & Australia Post Online Exchange Rates
 
CBA , 1AUD=Foreign TransfersTravel Money
AED - UAE dirham2.558 (5.48%)2.5431 (6.09%)
BRL - Brazilian real3.633 (7.82%)
CAD - Canadian dollar0.902 (5.68%)0.9015 (5.73%)
CHF - Swiss franc0.6309 (5.52%)0.6306 (5.57%)
CLP - Chilean peso520 (7.44%)
CNY - Chinese yuan4.5532 (6.03%)
CZK - Czech Republic koruna15.24 (5.71%)14.91 (8.05%)
DKK - Danish krone4.3265 (5.6%)4.3242 (5.66%)
EUR - Euro0.5814 (5.57%)0.5841 (5.08%)
FJD - Fijian dollar1.4665 (3.28%)1.4177 (6.84%)
GBP - British pound sterling0.5199 (5.83%)0.5224 (5.32%)
HKD - Hong Kong dollar5.3993 (5.47%)5.3964 (5.53%)
HRK - Croatian kuna4.2959 (7.95%)
HUF - Hungarian forint207.26 (5.97%)202.77 (8.32%)
IDR - Indonesian rupiah9754.34 (6.53%)9542.96 (8.89%)
ILS - Israeli New Sheqel2.2994 (5.51%)2.2495 (7.85%)
INR - Indian rupee51.85 (4.34%)
JPY - Japanese yen72.61 (5.61%)72.96 (5.1%)
KRW - South Korean won771.56 (5.54%)754.84 (7.87%)
KWD - Kuwaiti dinar0.2132 (5.07%)0.2086 (7.38%)
LBP - Lebanese pound1048.64 (6.25%)
LKR - Sri Lankan rupee129.47 (5.75%)126.66 (8.1%)
MUR - Mauritian rupee27.65 (5.86%)27.05 (8.21%)
MXN - Mexican peso13.68 (7.97%)
MYR - Malaysian ringgit2.8223 (6.14%)
NOK - Norwegian krone6.147 (5.95%)6.1438 (6.01%)
NPR - Nepalese rupee67.62 (28.93%)
NZD - New Zealand dollar1.0014 (4.38%)0.9935 (5.21%)
OMR - Omani rial0.2681 (5.48%)0.2623 (7.82%)
PGK - Papua New Guinean kina2.4325 (6.6%)
PHP - Philippine peso33.26 (6.19%)32.53 (8.58%)
PLN - Polish zloty2.5999 (5.78%)2.5435 (8.12%)
QAR - Qatari rial2.4802 (7.83%)
SAR - Saudi riyal2.612 (5.47%)2.5554 (7.8%)
SBD - Solomon Islands dollar5.6251 (5.34%)5.3231 (11.31%)
SEK - Swedish krona5.9369 (5.56%)5.9337 (5.62%)
SGD - Singapore dollar0.9332 (5.59%)0.9327 (5.65%)
THB - Thai baht21.07 (5.51%)20.95 (6.11%)
TOP - Tongan paanga1.5071 (11.53%)
TRY - Turkish lira5.4811 (5.2%)5.3623 (7.53%)
TWD - New Taiwan dollar19.44 (7.87%)
USD - U.S. dollar0.6965 (5.46%)0.7035 (4.41%)
VND - Vietnamese Dong15955.56 (6.74%)15567.63 (9.4%)
VUV - Vanuatu vatu78.66 (4.49%)74.44 (10.41%)
WST - Samoan tala1.6908 (11.72%)
XPF - CFP franc71.61 (2.29%)67.77 (8.09%)
ZAR - South African rand10.69 (5.43%)10.63 (6.02%)
Tue Dec 1, 2020 22:05 AEDT
Commonwealth Bank Exchange Rates
 
ANZ , 1AUD=Foreign TransfersTravel Money
AED - UAE dirham2.6174 (3.08%)2.6174 (3.08%)
BDT - Bangladeshi Taka59.196 (5.56%)
CAD - Canadian dollar0.9257 (2.97%)0.9257 (2.97%)
CHF - Swiss franc0.646 (3.05%)0.646 (3.05%)
CNY - Chinese yuan4.6578 (3.65%)
CZK - Czech Republic koruna15.669 (2.81%)
DKK - Danish krone4.444 (2.81%)4.444 (2.81%)
EUR - Euro0.5946 (3.23%)0.5946 (3.23%)
FJD - Fijian dollar1.4852 (1.98%)1.4852 (1.98%)
GBP - British pound sterling0.5337 (3.09%)0.5337 (3.09%)
HKD - Hong Kong dollar5.529 (3%)5.529 (3%)
HUF - Hungarian forint214.2595 (2.51%)
ILS - Israeli New Sheqel2.358 (2.88%)
INR - Indian rupee52.427 (3.19%)
JPY - Japanese yen74.42 (3.04%)74.42 (3.04%)
KRW - South Korean won778.3722 (4.61%)
KWD - Kuwaiti dinar0.2161 (3.66%)
LKR - Sri Lankan rupee131.585 (4.05%)
MUR - Mauritian rupee28.314 (3.38%)
MXN - Mexican peso14.3832 (2.69%)
MYR - Malaysian ringgit2.8613 (4.69%)
NOK - Norwegian krone6.326 (2.95%)
NZD - New Zealand dollar1.016 (2.88%)1.016 (2.88%)
OMR - Omani rial0.271 (4.35%)
PGK - Papua New Guinean kina2.2676 (14.35%)2.1882 (18.5%)
PHP - Philippine peso33.948 (4.04%)
PLN - Polish zloty2.6745 (2.83%)
QAR - Qatari rial2.6246 (1.9%)
SAR - Saudi riyal2.675 (2.98%)
SBD - Solomon Islands dollar5.5897 (6%)
SEK - Swedish krona6.099 (2.75%)
SGD - Singapore dollar0.956 (3.08%)0.956 (3.08%)
THB - Thai baht21.524 (3.28%)21.524 (3.28%)
TOP - Tongan paanga1.634 (2.86%)
TRY - Turkish lira5.5394 (4.1%)
USD - U.S. dollar0.7132 (2.99%)0.7132 (2.99%)
VUV - Vanuatu vatu77.7388 (5.73%)
WST - Samoan tala1.7609 (7.27%)
XPF - CFP franc69.894 (4.8%)
ZAR - South African rand10.9048 (3.35%)10.9048 (3.35%)
Tue Dec 1, 2020 22:05 AEDT
ANZ Bank Exchange Rates
 
Westpac Bank Exchange Rates
 

 

Melbourne CBD Currency Exchange Locations

 

Pre-Order Foreign Cash & Save

Australia Post logo Travelex logo HSBC logo

Order travel money online

Get better rates than available to you in-branch by first ordering online from Foreign Xchange for home delivery, you can still pick up in person at any Australia Post branch.

Further Reading

 
Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.