Will be going on a tour to China, so would like to have some local currency ready. Where in Sydney exchange at good rates? Or just go to the bank or some random money changer? Looking to exchange about AU$1000. Thanks!
Currency Exchange (Sydney Metro)
browser on 10/06/2011 - 15:21
Comments
u may want to call KVB Kun Lun first OP. I heard things had changed, as I used KVB previously for monetary exchanges. They have really good rates, really close to market, but apparently they now charge transaction fee, due to demand..
Oh really? That is disappointing if they do! That is one of the reasons I liked them so much!
if u stop over in singapore, better exchange at money changer at lucky plaza, most of them got very competitive rate. but if flow directly, better withdraw the cash using your saving account in china.
KVB Kunlun Pty Limited
Level 18, Citigroup Centre
2 Park Street
Sydney, NSW 2000
AustraliaMain number: +612 8263 0188
Foreign Exchange customer services(9:00am–5:00pm):
+61 2 8263 0185
Leverage FX and Securities Trading dealing hotline:
1800 800 582 (AU only)
Leverage FX and Securities Trading customer services
+612 8263 0175
Fax: +61 2 8263 0189
E-mail: [email protected]You can get cash from ATMs using a 28degrees card for example so you don't need to change so much, just enough to get you to the first ATM, which might even be in the airport.
What my bf and his bro did before going to China. Is go around to a few banks/exchange places…keep getting rates and ask them to match. Should take an hour in the CBD, but we always get the best rates then anything in China or airports. Don't use card until you need to banks have a horrible exchange rate, kinda like paypal.
it is depend how much do want to exchange. if couple hundred dollar only, i guess u still not get the best rate, remember most ausie bank still charge fee to convert your money, cba charge $8, westpac and anz around 10-15. never dealing with nab before, coz nab always got the worst rate. not sure now
Thanks for the info! Will call up KVB Kunlun tomorrow and checkout a few currency exchanges in the city.
Just tried these guys.. they are certainly not the best rates around… Don't think I'll ever use them again..
Try this place - no fees but they only do the major currencies. Not sure about the chinese currency. I think they would do it.
KVB KunLun
Level 18, Citigroup Centre, 2 Park St Sydney 2000
Depending on teh country you go to, you might get a better rate at the destination rather than exchanging money here. I don't know what hte case is for China though.