To find the best places to buy travel money in the Melbourne CBD, we at The Currency Shop, compared the exchange rates and fees from over 10 stores. Then we compared their rates to what you can get by ordering online and picking it up in the CBD.
What did we find?
There is not a money changer that was the clear winner for having the best exchange rate on every currency and amount. Fees varied from a flat $10 fee to 1% commission to completely fee free.
Exchange rates from stores in Melbourne are best if you are looking to buy larger amounts of popular currencies such as the US dollars, Euros or Japanese Yen. As for other currencies, some stores had limited stock and it worked out to be cheaper to order it online.
If you want to find the best exchange rates to transfer money into a bank account overseas , click here to compare Australian banks and money transfer specialists.
Where We Found the Best Exchange Rates in Melbourne
UAE Exchange @ 45 Elizabeth St
United Currency Exchange @ QV
Raffles Forex @ 35 Elizabeth St
KVB @ Level 38, 120 Collins St
Compare Money Changers in Melbourne
How It Works
Enter where and when you are travelling along with how much currency you need
Compare the money changers and banks
Buy your currency online or in-store