![]() You can only use your card to withdraw foreign cash from specific ATMs usually located in major city-centres. Can you exchange foreign currency at an ATM? They also ‘run out’ of the most common currencies on busy days, so make sure you call ahead to ensure that you aren’t wasting your time. ![]() The downside of using these specialist money-changers is that they don’t have a great amount of available cash available in less common currencies, such as Thai Baht (THB) or Singapore Dollars (SGD). In the main city centres, there are more businesses selling currency that compete against each other and they can provide the best rates if you shop around. ![]() Getting the best foreign exchange rate comes down to how to the competitiveness of the outlet. This is cheapest way to buy currency, particularly if you are buying larger amounts of US dollars (USD), Euros (EUR) or British Pounds (GBP). Head into the city and use a specialist money exchanger Related: How to Buy Currency: Online Versus In-StoreĪlso: Is It Cheaper To Exchange Cash or Transfer Money Overseas?Ģ. The Currency Shop is safe and secure and is partnered with the 2 largest foreign exchange companies in Australia – Travelex and Travel Money Oz. Is it safe?Īs with all online purchases, it really comes down to the company you are buying the foreign currency from. When you buy foreign currency online, it can take a few days before you are able to pick the cash up. It’s also important to buy it ahead of time. We recommend paying via Bpay or a bank transfer to avoid these charges. Buying foreign currency online using a credit card can incur more bank fees. You can get it delivered to your home or office.This makes it easier to buy than travelling into the city There are now thousands of pick-up locations.A currency converter is available online for transparency.The exchange rates offered online are often better than in-store.Buying foreign currency online is quickly growing in popularity for three reasons:
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