The higher the rate, the better it is for you. What is the best time to exchange AUD to USD?Īs a rule of thumb, if you are buying USD with Australian dollars, you want the AUD/USD exchange rate to be as high as possible. Learn more: Get the best AUD to USD exchange rate Make sure that you compare not just the exchange rate, but the total cost of your currency including any service or delivery fees.
The key to finding the best foreign currency rate is to compare your options. How can I convert AUD to USD at the best rate? Learn more: The Best Places to exchange AUD for USD in Australia The exchange rates and fees at Australian airports are among the worst in the world so avoid it at all costs if you want to get the best bang for your buck. Only change money at the airport as a last resort. The money changers in the centre of the main cities like Sydney or Melbourne tend to be more competitive than smaller stores in the suburbs. Services like Australia Post also offer a foreign exchange service online but it takes between two and five business days before the currency is ready for pick-up or delivery so you need to be organised!Īlternatively, buying your US currency in-store can be a good option but it all depends on where you go. It's simple to buy USD from AUD online, but it may not necessarily be as fast as walking into a money changer. Where is the best place to exchange AUD to USD? It's the best rate to convert foreign currency but often, it's very hard to actually get. It's also sometimes called the 'wholesale' rate or the 'interbank' rate because it's used for wholesale amounts between banks. It's the real exchange rate that is set by the foreign exchange market.
It's easy to see the AUD to USD exchange rate on XE, Yahoo or any other currency converter.
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