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
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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
Reloaded my Travelex card overseas…
Reloaded my Travelex card overseas online. No issues at all. Very easy.Chamley Lynne Cowan
Quick and easy service with the best…
Quick and easy service with the best ratesSarah Danskin
Very easy to order euros online well…
Very easy to order euros online well before I was leaving. No extra charges and the best exchange rate. Pick up at the airport was easy as. Definitely going to do it again.R Johnson
Easy to transact online easy and…
Easy to transact online easy and convenient pick upRobert Sutherland
My enquiries were dealt with…
My enquiries were dealt with efficiently and useful information providedGraham
Received the correct amount on the…
Received the correct amount on the correct day and only had to go to the local Post Office to collect it. Being from the country it was a great service.Graham
Travelex Cairns. The customer service lady was very efficient and I was quickly away with my holiday currency.Esther Grace McLaren
A very good service was provided
An efficient, competent and friendly service was providedD.Doherty
Great service. Missed my flights and therefore missed my pre-ordered money collection at the airport. Travelex changed the collection day for me no worries and I've now collected the money weeks later.Peter C
All went smoothly.
All went smoothly.D Allen
Easy to use
Easy to use, great to deal with, will be back!!Lance John O'Donnell
it was easy to order ,received monies…
it was easy to order ,received monies at local post offices very convenient .Gian Franco Maiorana
Efficient and speedy
Efficient and speedy. Friendly staff member at Helensvale Westfield branch Travelex.Judith
I wasn’t happy with presenting so many…
I wasn’t happy with presenting so many IDs,but lady explained why do I need to do it. Make sense 👍Adriana Boros
The service was seamless as usual.
The service was seamless as usual. However the young lady that served us was working on her own and she was very busy. We had to wait 10 mins or so but the operator handled everything really well. I do think she should have had some help though.Maxine Margaret Baron