Currency Exchange - Bank or Independent Money Changers

Hi all,

I have US $1000. I was thinking about changing them to Australian dollars.

Just wanted to get a recommendation from ozbargainers as to where to get the money changed from? Bank or Travelex etc.?

Comments

  • transferwise.com - best rates I've seen (best conversion rate + lowest conversion fees).

    Get yourself a borderless account.

  • Hsbc (need to be existing HSBC customer) Macquarie centre had a better rate than the shop nearby on the same floor.
    My suggestion: ask around at the shops

    • At some of the smaller shops you can have success bartering a rate depending on the size of your transfer.

  • It might be worth specifying whether you've the USD in cash or sitting in a bank account somewhere

    • Sounds like Cash since his putting travelex as one of his suggestions.

    • Cash.

  • ill buy them off you

  • If no one above buys them from you, I may buy from you as I will require some USD soon !

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