Compare Exchange Rates to Buy US Dollars (USD)
Because every company has different rates to buy US dollars (USD) with Australian dollars, finding the best deal can be a minefield. We bring together all your options, highlight the fees and rates per money exchange, and show you the best possible deals.
Where to buy US dollars?
You can buy US dollars (USD) from a lot of locations in Australia. Places you can buy US dollars (USD) include online, in-store at money exchangers, banks, post office and the airport.
To find out exactly where you can buy US dollars, you can use our handy city and suburb guides, just click on the links below:
What is the cheapest way to buy US dollars (USD)
The cheapest way to buy US dollars (USD) in Australia is online.
To be sure of the cheapest way to buy US dollars, check our online currency converter calculator.
Most online money exchangers, like S Money, do not charge a transaction fee and their exchange rates are the same as the cash rate you see on Google.
The most expensive place to buy USD is at the airport, because they know you have no other options until you get to the United States. They charge a commission fee and give very poor foreign exchange rates. For an exchange of $1,000 Australian dollars, you can lose up to $100 at the airport.
How to buy US dollars in Australia
Buying US dollars in Australia is relatively easy.
- Take your valid photo id (driver’s license or passport) with you.
- Bring your preferred payment method. Most places accept cash, debit card and credit card to pay for your US dollars.
- Ask for the US dollar amount and the money exchanger will let you know how much Australian dollars you need to pay.
- Make your payment in Aussie dollars and receive your US dollars.
What are the currency denominations in the US
Coins: penny - 1¢, nickel - 5¢, dime - 10¢, quarter - 25¢, half - 50¢ and dollar 100¢
Dollars: $1, $2, $5, $10, $20, $50 and $100
Similar to the Australian Dollar, the US dollar is divided into 100 to make their coins.
Furthermore each of their bank notes has a different influential man of American history including George Washington ($1), Thomas Jefferson ($2), Abraham Lincoln ($5), Alexander Hamilton ($10) and Benjamin Franklin ($100).
When is the best time to buy US dollars
Buying foreign currency can be confusing. Watching the AUD to USD exchange rate can be tiring, so use our rate tracker you can work out the best time to buy US dollars.
Just choose when you need to buy your US dollars and nominate at what rate you want to buy.
You will be notified by email when the AUD reaches your specified rate. It's easy.
How much is $100 worth in US dollars
Historically the Australian dollar is worth about 0.70 US dollars, therefore AU$100 will buy you US$70.
In some years the exchange rate has been as low as 0.60 US dollars and it makes buying US dollar and spending in the US relatively more expensive for an Australian. In other years the exchange rate has been as high as 0.80 US dollars, which means it's cheaper for Australians to buy US dollars.
Major banks tend to predict the AUD to USD exchange rate and present reasons why the USD changes against the Aussie exchange rate.
How do I get the best exchange rate at a US money exchanger?
Often people need to buy their USD in the United States, so knowing how to get a good rate is handy.
- Step 1: Find a location that has 3 currency exchange services in a small area. This is easy in places like New York, Los Angeles, Orlando, Vegas or San Francisco.
- Step 2: Visit each one and ask how many USD you will receive for $1,000 (Australian dollars). This way you have their service fee or commission fees included as well as their exchange rate for AUD to USD.
- Step 3: Visit the currency exchange service that offered the second best amount of USD and tell them the offer you received from the best place. Ask them if they can give you a better rate.
This should take about 40 minutes. Most stores will accept cash, money card, debit card and credit card. To save time and increase your spending money buy your USD online before you travel.
Why should I choose The Currency Shop?
Many people are not aware of the true cost of transferring money. But it is pretty standard to lose up to 8% of your money each time you transfer money internationally, depending on your method.
We think this is far too much. That’s why we help you find the best way to transfer your money and avoid those costly hidden fees and charges. And it works. On average, we save our customers $4,000 each year.
How does it work?
It’s pretty simple. Whether you need travel money or would like to transfer money overseas we just need a little info to point you in the right direction.
First, you tell us what you are looking for then we compare hundreds of providers to find the best deal for your current situation. We’ll highlight all the available options and recommend the best one for you. You can then decide which option you prefer, and click through to their site to secure the deal.
Is it safe?
Yes. The Currency Shop holds an Australian Financial Services Licence (462269) and is a member of the Financial Ombudsman Service. We closely vet our providers and only partner with the largest, safest and most trusted money transfer companies in the world. That just makes sense.
What does it cost?
The Currency Shop does not charge you. Instead, we receive a referral fee from the banks and money transfer companies that we are partnered with. This does not affect the price you pay.
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