Exchange Rates Explained

As the world’s foreign-exchange specialist, we are helping consumers to make things as simple as possible by developing this guide to exchange rates.

The Travelex Online Rate

The Travelex online rate offers customers $0 commission and a competitive market exchange rate for the purchase of foreign currency banknotes on www.travelex.com.au. These online rates are exclusive to our website and are not available in-store.

Why is this different to the rate I see on the news?

The rate you see on the news is the rate that banks or large financial institutions charge each other when trading significant amounts of foreign currency. It is not the retail rate and you will not be able to buy currency at this rate, as you are buying relatively small amounts of foreign currency in comparison. In everyday life it is the same as the difference between wholesale and retail prices.