Today’s online exchange rates
We monitor market rates on a daily basis so you don’t have to.
We’re always comparing our rates against major in-store and online travel money providers, to make sure we provide you with great value on your foreign currency. Use our handy exchange rate calculator below to see real time currency conversions based on the Travelex.com.au rate of the day, so you can see if it's a good time to buy.
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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
no hassle in organising money on line
no hassle in organising money on line. was kept informed on when my money was being organised & when was delivered to post office. post office pick up was within 5 mins drive from where I live. All very convenient & hassle freeJill Elizabeth Lyons
Easy to order and collect..
Easy to order and collect... never an issueMark
Excellent service all around from the…
Excellent service all around from the ordering to the lovely person at the Travelex branch to receive the order. Order arrived ahead of time at the branch and collection was entirely painless. I had trouble initially seeing on the website that I had missed a required field in the form was the only minor glitch in the process, due to the colouring of the submit button it looked like the form was ready to submit when it wasn't however reading top to bottom would have helped in the first place. Wouldn't hesitate to recommend this service to others.Dustin J
Super easy, money ready early and service was great in store. Lady even offered to swap over bigger notes for small.Candice
Easy and efficient
The whole process was so easyYS
Easy to use no problems
Easy to use no problems. Rates are reasonable ,so you know what you are up for before you travel. A bonus is you are able to cash out any left overs.e hickling
I ordered on line the amount, currency and where I want to pick up. Was easy, delivered on time and good exchange rates.Richo
Very easy to order online and was ready to collect within 2 daysJoanne
Had no problems when overseas in October and have recommended our friends to use travelex on our next trip in MayJames Frederick Fletcher
The online method of ordering foreign…
The online method of ordering foreign currency is very simple to use. Paying by B Pay and collecting the foreign currency at a convenient location is also a great feature.James
Everything was great except the…
Everything was great except the delivery date by the contractor. I asked for a particular date when I was going to be home but the delivery contractor's email indicated they were going to deliver on a different day. I complained to Travelex and fortunately they were able to get the package removed from the delivery van and then re-delivered on the day that I was home.Marilyn
very helpfulTroy Clauss
The service was efficient and easy to…
The service was efficient and easy to organise and then collect.Carol Elizabeth King
Easy and efficient Great being able to…
Easy and efficient Great being able to collect money close to homeEsther Linnett
Easy to organise and collect
Easy to organise and collect. A detailed map of the actual pickup location at Melbourne airport would be a huge help.LC