RedRate Exchange Logo

RedRate Exchange have branches in both Western Australia and Victoria. Centrally located in the Perth CBD they are an accessible option if you're near the city.

The Currency Shop says:

  • RedRate offer very good rates across a number of popular currencies.
  • Their website boasts a lot of content and is very informative.
  • Use our comparison table to compare online rates for exchanging currency in Australia.

 

 

What We Will Cover:

  • Fees, charges and commissions
  • Payment options
  • Exchange rates
  • Overseas transfers
  • Available currencies
  • Travel Cards
  • Pros and cons.

 

Fees, Charges and Commissions

RedRate Exchange do not charge any fees or commissions. To compare the fees and rates of a number of currency exchange providers in Australia, you can use our comparison table and order currency online.

 

Compare Money Changers Like RedRate

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Payment Options

RedRate Exchange will accept both cash and card payments. However, they do charge a 1% surcharge for credit card payments.

 

Exchange Rates

RedRate offers competitve rates across a lot of major currencies. The Currency Shop did research in 2017 and found they had the most competitive rates in Perth across most major currencies including USD, GBP and THB.  You can use our live rate tracker to get an idea of what the exchange rate is for each currency at the moment.

Live Rate Tracker

Overseas Transfers

RedRate Exchange only offer money exchange as a service, they don't allow you to transfer money overseas.

 

Available Currencies

RedRate boasts money exchange for over 50 currencies. These include USD, GBP, EUR, HKD, NZD, INR, IDR, THB, KRW, SGD, CAD. For more information you can refer to their website.

 

Travel Cards

Travel cards are not available from RedRate Exchange. If you are interested in using a travel card, you can refer to the link below.

Travel Cards Explained

 

Should You Use RedRate Exchange?

Pros

  1. Deal with most major currencies
  2. Competitive exchange rates which beat rates from major banks and a lot of competitors .
  3. Ability to preorder online and organise a pickup location.

Cons

  1. Surcharge for card payments.
  2. No travel cards or money transfer services available.
  3. Not many locations in Perth CBD.

 

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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.