How to Find a Better Exchange Rate at Canberra Airport

Currency Exchange at Canberra Airport

There are two ways you can change money:

 

1. Order your currency ahead of time and pick it up at the airport

This is by far, the cheapest way to buy currency at Canberra airport. The exchange rates are much better than buying it over the counter.

It's really easy:

  1. Order your currency online and choose a pick up location as Canberra Airport
  2. Pay for it using BPAY (and avoid the card fee!)
  3. Pick up your ordered currency

Please keep in mind, you'll avoid the card fee if you choose BPAY. The rate is locked in on the day you book the transaction. You can choose your pick up date but if you use BPAY, you'll need to allow at least 3 business days. Also, they offer a better rate for amounts above $2000 but have a maximum transaction size of $5000.

Order Currency

2. From a currency exchange store

Travelex has 2 stores and a couple of FX ATM’s you can use to purchase your travel money.

The store in arrivals is open from 7am to 4pm while the store in departures is open from 5.30am to 6.30pm.

Related: How to Buy Currency: Online Versus In-Store

Pre Order Currency & Pick Up at Canberra Airport

3 Practical tips to make the most of your money

  1. 1

    Don’t wait until the last minute

    If you work out the best way the week before you travel, you can compare exchange rates online or over the phone, find the best deal and arrange to either buy it in person or online (picking it up later). Buying currency over the counter at Canberra airport or at an airport overseas can cost you a lot more if you don’t plan ahead.
  2. 2  

    The Avoidable fees

    Travelex don’t charge commission over the counter however their exchange rates are considerably worse than outside the airport. Online, they have a 0.8% card fee that Travelex apply to online transactions. If you are buying currency online, choose to pay through BPAY to avoid the card fee. Please note that if you are going to use this option you need to allow 3-4 business days before your trip to allow time to pick it up in time.
  3. 3  

    Should you wait until you are overseas?

    In some cases, it is cheaper to buy your currency in the country you are going to rather than converting it before you leave. Good examples are Bali, Singapore and New Zealand (depending on where you go). Of course, it is a lot harder to find the best exchange rate when you are outside of Australia and you are running a higher risk of being scammed. As a rule of thumb, the further away you are travelling, the less likely you’ll find better exchange rates overseas. This is because the further away from Australia you go, the less common Australian notes and coins are. As a result, they are also less likely to give you a good exchange rate.

Your currency knowledge centre

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As a general rule of thumb, holiday destinations that are very popular with Australians tend to be cheaper to buy currency than buying it before you go.

How to Buy Currency: Online Versus In-Store

Buying travel money online is one way to reduce stress and potentially save time – but are there any disadvantages you need to be aware of?

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.