Cash Exchange

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  87percent on 30/12/2017 - 17:24

  +2

  Amex has a currency conversion that I use. You request his much you want, deposit the money and then you pick it up from Australia Post

  • 

    Griefbringer on 31/12/2017 - 08:02

    Do you find their exchange rate is within a percent of the so called ?standard exchange rate?

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  bluedufflecoat on 30/12/2017 - 17:28

  +4

  Not sure if you have enough time, but the Citibank debit MasterCard is free and has competitive exchange rates.

  • 

    Griefbringer on 31/12/2017 - 08:01

    Great, I'll look into it. Thanks!

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  Ocker on 30/12/2017 - 18:32

  Buy large denomination US$ notes ($50 or $100) here - you will lose about 3%-4% on the conversion from AUD. BUT, you will get a very healthy conversion from USD to the local currency. There is a good black market for large denomination banknotes in most countries.
  In fact, on a recent visit to an Asian country I converted $A100 notes into US$20 notes at better than the interbank mid rate!

  • 

    peterpeterpumpkin on 30/12/2017 - 19:54

    Do you of anyone with firsthand, recent experience in Peru specifically? To my knowledge the Peruvian black market rate was never as impressive as it was in Argentina (when I was there), or more recently, Venuzuela. I'd rather pull out money as I need it at a slight loss than carry over a $1000 US Dollars pre-converted and strapped to my body for only a slight gain.

    ATMs in Peru often charge fees so I would probably get the ING Debit card (using Citibank as a backup) and meet ING's conditions to receive a rebate for an international ATM fee (within 5 days).

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  Peck on 31/12/2017 - 12:36

  +1

  I always use Citibank plus - debit/atm card, and research ATM's in advance.
  No knowledge of South America, but often poorer countries have better rates than in Aust. for cash - Lower overheads/narrower margins for a start. I would google research the cities that you are visiting and best places to exchange.