Today’s online exchange rates
We monitor market exchange rates on a daily basis so you don’t have to.
We’re always comparing our exchange rates against major in-store and online travel money providers, to make sure we provide you with great value on your foreign currency.
*Rates are subject to change throughout the day. In-store rates vary compared to online. Selected currencies are USD, EUR, GBP, JPY, SGD, THB, HKD, NZD, CAD.
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Travelex Rate Tracker
Looking for the best Travelex exchange rates for you on your foreign currency? With our Travel Rate Tracker we'll send you an alert when your chosen currency has reached your desired rate. Simple!START TRACKING YOUR RATES
How to calculate exchange rates
Exchange rates are influenced by banks and trading institutions and the volume of currency they are buying and selling at any given time. Currencies are traded (bought and sold) daily around the world.
One currency can be purchased by another currency through banking institutions or on the open market. The volumes of currencies traded are increased and decreased depending on the attractiveness of any particular currency, which depends on a multitude of factors such as political stability, economic strength, government debt and fiscal policy among others.
Government central banks also have the ability to set a currency at a constant price through a method called pegging, which essentially tethers the value of one currency to another. The value (or price) of a currency is determined by its traded volume. If a currency is competitively priced, traders will buy the currency, essentially driving up its value. If a currency is not competitively priced, traders may avoid buying, or even sell it, essentially driving down its value.
Why do exchange rates change?
The exchange rates of the world’s currencies constantly move up and down against each other based on supply and demand. The more in demand a currency is, the higher its price will be. Changes in the foreign exchange market can be caused by this supply and demand, as well as by political and economic events.
Currency jargon explained
Foreign exchange can be confusing. To help you make sense of it all, here are some common terms to do with currency:
Sell rate –This is the rate at which we sell foreign currency in exchange for local currency. For example, if you were heading to Europe, you would exchange Australian dollars for euros at the sell rate.
Buy rate – This is the rate at which we buy foreign currency back from you into your local currency. For example, if you were returning from America, we would exchange your US dollars back into Australian dollars at the buy rate.
Holiday money rate or tourist rate – This is another term for a sell rate.
Spot rate –This is known more formally as the ‘interbank’ rate. It’s the rate banks or large financial institutions charge each other when they’re trading significant amounts of foreign currency.
Spread – This is the difference between the buy and sell rates offered by a foreign exchange provider.
Cross rate – This is the rate we give to customers who want to exchange currencies that don’t involve the local currency (for example, if you wanted to exchange US dollars into British pounds).
Commission – This is the fee that foreign exchange providers charge for exchanging one currency with another.
Does it pay to shop around and compare currency rates?
There are a lot of foreign currency providers in Australia, mainly high-street banks, all offering you a range of products and services. You can spend a lot of time to trying to find the best exchange rate in the market. But there’s usually very little difference between rates offered – sometimes it can be a matter of cents.
Why are tourist money exchange rates not the same as the market spot rate?
The market (or spot) exchange rate is the rate banks exchange currencies at. A lot of extra processes and people go into providing you with currency. The cost of these is reflected in the price of the currency.
At Travelex, we work hard to give you great value for your foreign currency.
We’re constantly striving to do things more efficiently, so that because we want you to get the best possible deal we can offer.
Why do currency exchange rates move?
Currencies constantly move up and down against each other as financial markets change. These movements can be caused by supply and demand, as well as by political and economic events.
Read your reviews on trustpilot
Used this service before.A+++++
Used this service before.A+++++Kathleen lucas
Super easy to order over internet
Super easy to order over internet. Better rate than Australia PostLIDIA KOSTARELAS
Everything went well
Everything went well. Order was lodged on line, a couple of emails followed indicating when the cash could be collected from the Perth airport. I turned up with the appropriate paperwork and the girl behind the counter pleasantly assisted me. She checked my documentation, credit card and handed over the cash in a complimentary 'purse'. Smooth and professional throughout. Thank you.Coral Mary Pepper
Thank you for taking away from me a small Amount of running around - love that this was delivered to me personally. Thank youRobyn D
Very good service.
Very good service.Karen
I was able to get currencies from several countries.
I was able to get currencies from several countries that l am about to visit. It was very easy to purchase online through Bpay with no charges. I was notified within a few days that the money was ready to be collected. Very happy with their service.Glenda Hockham
easy to order online then pick up at preferred location and dayDebra
It is the first time I have used…
It is the first time I have used Travelex and it was certainly easier than I thought. Kerry, at Castletown, Townsville, was polite, courteous and extremely helpful. I have recommended Travelex to my daughter. Thank you.Susan
Very good service!
Always get currency from Travelex before traveling. No Commission and trust the rates.Mary Fraser
All went well with the transaction.BERNADETTE PILKINGTON
P.O. delivery - not good.
Travelex is excellent business for exchanging currency. I have used their facility for a number of years, and have been very happy. Last year they introduced a new service of local pick up from your local Post Office. I used it - it was great. I was able to email a request for a particular break down of denominations as large denomination was not appropriate for my country destination. They provided it perfectly. This year I ordered again but we are now slugged a $10 collection fee. I inquired why, and was informed because the order had to be made up by a different department. I asked why is this any different from having my order made up and sent to a shop. Answer - because the Post Office is not one of our shops. Not really impressed. I won't order this way again. Also when my order arrived I had a large number of large denomination notes, I rang and was told that I can get them exchanged to smaller denominations if I take them to a Travelex shop. My nearest shop is 150 km. away. I now have to travel to their shop to exchange to smaller denominations. Really defeats the point of having your order posted to your nearest Post Office (3 km away). I won't use the P.O. delivery service again but will revert back to (as I used to do), order and pick up from a shop - even though I have to travel 150 km - at least I get the denomination break down I require. COULD HAVE BEEN A GREAT SERVICE.Neville Patterson
Quick,easy transaction. Highly recommend.Deb
Quick, easy, good value.Stephen Walker
Hassle free currency Exchange
I’ve been using Travelex for some years now and have always found the service excellent, convenient and with competitive rates.Luis Marcos Grimaldi
Excellent service and process
Efficient, convenient and no fuss service on line. Easy to follow and better rate than in store. Excellent 😊DEL CARTER