Danesh Exchange Review

Find out if you should use Danesh Exchange to exchange foreign currency in Australia.

Travel Money Oz Review

What this Danesh Exchange Review Covers:

We’re most interested in how safe Danesh Exchange is, how they work and when you should use them. In this article, we’ll explore:

  • Pros and Cons.
  • Danesh Exchange exchange rates.
  • Is Danesh Exchange a good option to exchange currency?
  • Does Danesh Exchange charge fees and commissions?

Pros and cons of the Danesh Exchange

  • Click and collect from Australia post offices
  • Delivery Australia wide - also with Aus post
  • No commissions
  • Excellent exchange rates
  • Only 2 store locations in Victoria
  • It can take days to receive you currency
  • Ordering online is available but isn't easy

The Currency Shop says:

While Danesh exchange isn't a big brand, they are much cheaper. Their exchange rates are some of the best online and they don't charge a commission.

If you don't need the currency for 3-4 days, ordering your currency online and picking it up an Australia Post is a convenient option to buy currency before heading overseas.

On the other hand, if you need to sell currency for Australian dollars, they are limited to 2 stores in Melbourne.

Learn more about the Danesh Exchange

What you should know about Danesh Exchange rates


The difference between online and in-store

The exchange rates that you see online are different to what you are offered in-store. As a general rule, the exchange rates online are going to be better than in person. This is because they don't have to pay for the costs of running a store.

In their stores thought you may be able to negotiate a better rate if you are converting a large amount of currency back into Australian dollars.

Frequently Asked Questions (FAQs)


Fees and charges

Danesh Exchange does not charge a commission if you exchange currency either online or in-store. Card payments can incur additional surcharges as follows:


How do I buy currency online?

To buy currency online, there are 2 steps:

  1. Ordering – entering the amount of currency you need, your pick up location and when you’d like to pick it up. You’ll also need to choose a payment method (either BPay, credit card or debit card).
  2. Your details – provide your contact and payment details.


How do I buy currency in store?

To buy currency in-store, there are 2 steps:

  1. Tell them what currency you need and how much. They will provide an exchange rate and the total cost.
  2. Pay in cash or by card.

For purchases over $1000, you may need to provide identification.


Can I transfer money overseas with Danesh?

Yes, you can.

You will be directed through either MoneyGram or Western Union.

Learn more about the Danesh Exchange

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Ileana Ionescu
Content manager
With a background in business journalism, Ileana is an experienced content manager, creating content for Exiap that helps its audience make informed decisions about their finances.
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Last updated
March 17th, 2020