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

Exchanging AUD to USD

US Dollars (USD)

UAE Exchange @ 45 Elizabeth St

Exchanging AUD to EUR

Euro Dollars (EUR)

United Currency Exchange @ QV

Exchanging AUD to GBP

British Pounds (GBP)

Raffles Forex @ 35 Elizabeth St

Exchanging AUD to JPY

Japanese Yen (JPY)

KVB @ Level 38, 120 Collins St

Exchanging AUD to NZD

New Zealand Dollars (NZD)

Travel Money Oz @ 250 Flinders St

Exchanging AUD to IDR

Indonesian Rupiah (IDR)

Raffles Forex @ 35 Elizabeth St

Exchanging AUD to THB

Thai Baht (THB)

Travel Money Oz @ 97 Swanston St

Exchanging AUD to JPY

All Other Currency

Travel Money Oz @ 142 Elizabeth St

Compare Money Changers in Melbourne

Where Are You Travelling To?

When Are You Travelling

How Much Do You Need in Foreign Currency

How It Works

Step 1
Enter where and when you are travelling along with how much currency you need
Step 2
Compare the money changers and banks
Step 3
Buy your currency online or in-store

Cheaper Ways to Exchange Currency 4m 26s

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The Ultimate Guide to Currency Exchange in Australia

There is no single way to exchange currency that is always the cheapest. It really depends on what currency you are buying, how much and where you are. This guide will show you how to track down the best exchange rates for your next overseas holiday.

Currency exchange board showing in a street at night.

Is It Cheaper to Buy Currency Abroad?

It can be cheaper to buy your currency abroad rather than at home, but it depends on your holiday destination.
Why is it sometimes cheaper to buy currency abroad?

Helping You Save Money on Currency

Buying travel money or transferring money overseas can be expensive and confusing. So how do you make the best choice and get the most out of your money?

An easy way is to use a comparison table for either international money transfers or currency exchange. These tables list and compare the banks with other large foreign exchange companies.

We’ve also put together tons of helpful videosguides and reviews that will help you make the right decision. You can work out a cheaper way of converting currency while still keeping your money safe.