The Best Online Currency Exchange Services in Australia for 2025

Their team of industry experts are ready to make sure all your needs are met through their convenient online ordering platform and in-store counter service at 80 Collins. Then you can easily add money in the currency of your choice, and either convert it to the currency you need for spending - or leave in your home currency and let the card handle the conversion when you pay. Like all reputable money exchanges, we are registered with AUSTRAC and regulated by the Australian Securities and Investment Commission (ASIC). Crown Currency and Travel Money Oz both have lots of locations in major shopping malls. The more yen you are buying, the more you can negotiate a better deal when dealing with money changers over the counter.
“A key feature of the scam, was the alleged syndicate’s ability to produce dedicated software, compatible with the legitimate trading platform to misrepresent the true market value of currency rates. It is alleged the bank accounts were controlled by the 墨尔本 留学 汇款 Long River money laundering organisation, which the AFP alleges was secretly running the Changjiang Currency Exchange. Save money by bypassing hidden international card fees and conversion rates that add up with every swipe.

Instead of waiting to exchange USD to [target-currency] in Melbourne, get a Wise Multi-Currency Card before you travel, and you can spend conveniently on arrival with no need to carry USD cash at all. Order a card online, top up your balance in USD, and either convert to the currency you need in advance or at the point of payment. Once your order is placed, a confirmation email will be sent with the rate and values, along with our bank details for bank transfers. Bank details will be in the form or BSB and Account number along with a PAYid. S Money complies with the relevant laws pertaining to privacy, anti-money laundering and counter-terrorism finance. It also means the order must be paid for by the same person ordering the currency and you must show your identification again when receiving your order.
In August 2022, Taskforce Avarus, an AFP-led standing taskforce on money laundering, established Operation Avarus-Nightwolf to investigate the Long River money laundering organisation, an AFP high-value target. The AFP will allege it linked this criminal group to the Changjiang Currency Exchange. By provision of the content in this site, Webtrade does not provide legal or other professional advice. Webtrade expressly disclaims any liability arising from use of the service.
Enjoy peace of mind with better rates than in-store, and relax as your travel money arrives safely and hassle-free. If you get a bad exchange rate - or high commission costs - you'll end up with less money in the end for your trip. Before you exchange money, shop around and compare both on and offline options to make sure you get a good deal without excessive fees. Exchanging cash on arrival is inconvenient and can leave you vulnerable to scams and unscrupulous money changing services in your destination.

When you’re looking for the best money exchange in Melbourne pay careful attention to the rates available. Check the mid-market rate for your currency online, or with a specific currency conversion app - and look for a provider which offers this rate, or as close as possible to it. If you’d rather have peace of mind when travelling, consider ordering a Wise Multi-Currency Card. You can spend using the card or Google / Apple Pay; plus Wise’s exchange rates and fees can be a lot cheaper than getting your travel money from a currency exchange shop. It’s usually cheapest to buy foreign currency at your destination, but not as convenient.
Check out WeXchange’s Travel Money Guide to learn about the local currency, money tips and travel advice. "However, the nature of the business means remitters are at a higher risk of exposure to money laundering, terrorism financing and other serious crimes. The company is also facing penalties from Australia's anti-money laundering agency Austrac, which worked with the AFP on the investigation. The raids come after the AFP charged nine members of a separate alleged money-laundering syndicate in Sydney in February. "I am among many Australians, including staff and the four major banks, who no doubt will be as stunned as I am at these allegations."

Of the banks, it has the best rates, but these are still subpar compared to the rates offered by dedicated money transfer services. Raffles offer more competitive exchange rates than most of the major banks and are especially good for purchasing Euros. You can use our live rate tracker to get an idea of what the exchange rate is for each currency at the moment. If you need to get cash to a loved one abroad then Western Union's massive network of locations is a convenient option.
This is because they pass on the cost of using a physical storefront to you. ANZ used to offer the best bank exchange rates but they recently shut down their currency exchange operations. They have a great  app and the card can be used almost anywhere on the planet. Access Australia's largest foreign currency range in one simple visit, with zero commission or fees at our Elizabeth St, Melbourne store. Proudly Australian-owned with over 20 years of trusted experience, we're here to help you maximise your travel budget. Access Australia's largest foreign currency range in one simple visit, with zero commission or fees at our Burwood Plaza store.
Webtrade (Webtrade International Pty Ltd) is a leading global financial company that specialises in currency exchange, money transfer and international remittances. Step two your efficient currency exchange service will be delivered to your home address in Melbourne or nearby areas like Bendigo in three business days. Exchanging currency online can come with risks, even if you’re cautious. Fraudulent websites that mimic legitimate ones are becoming increasingly sophisticated, often requiring sensitive bank details. By visiting one of our stores, you can eliminate this risk and exchange your money securely. Use this guide to figure out which currency exchange in Melbourne might be best for you, and don't forget to also take a look at travel money cards to see if popping one in your wallet can help you save.

For a full run down on the different places to buy foreign currency, check out our full currency exchange guide to Adelaide. While the city has many options and some of the best exchange rates in Australia, there are much fewer options in the suburbs. For a full run down on the different places to buy foreign currency, check out our full currency exchange guide to Brisbane. For a full run down on the different places to buy foreign currency, check out our full currency exchange guide to Melbourne. For a full run down on the different places to buy foreign currency, check out our full currency exchange guide to Sydney. Commonwealth Bank have foreign exchange outlets as well as more well know brands like Travelex or Travel Money Oz.
The Australian dollar (AUD) has been on a wild ride against the British Pound (GBP) in 2023 but 2024 may spell a different story. The Australian dollar (AUD) weakened considerably against the British Pound (GBP) in 2023 but it could strengthen slightly in 2024. The AUD peaked at almost 58p in February 2023, before sinking to almost 50p in August as multiple economic factors weighed down sentiment. The relative weakness in the Australian dollar has made the cost of travel more expensive for many Australians, with the United Kingdom our fourth most popular international destination, according to ABS data.
The investigation primarily focused on a group operating the Changjiang Currency Exchange, a foreign exchange company with 12 branches across the country. We check our prices daily to make sure we have the best exchange rates in Southland, if you find a better price let us know. Melbourne Currency Exchange Southland also offers student and seniors discounts when you present a valid seniors card, so remember to let us know (we will never assume).