Need to exchange foreign currency? Let’s look at where you’ll find the best exchange rates in the Brisbane CBD.
If you’ve ever needed to travel overseas and convert your Australian Dollars into another currency, you’ll know that finding the best exchange rate is crucial to guarantee value for money. But where can you find the best exchange rate if you need to exchange currency in the Brisbane CBD?
We compared the exchange rates for USD$1,000 and €1,000 on offer from travel money providers in the Brisbane CBD with online bank exchange rates. Check out the results of our comparison below.
Your Brisbane CBD money transfer options below
Personal Transfers
Business Transfers
Online Sellers
Rates last updated August 30th, 2016
Transfer amount
Currency exchange
Description
Min. Transfer Amount
Transfer Speed
Services
Online Transfer Fee
Rate
Amount Received
TorFX International Money Transfers
TorFX guarantee to beat any competitor's exchange rate for a transaction
Conditions apply
AUD 200
1 day
Online, Phone, Agent
Go to site
More
Exclusive: World First Foreign Exchange
Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.
AUD 250
2 days
Online, Phone
Go to site
More
Exclusive: CurrencyFair International Money Transfers
Exclusive offer: 3 Free transfers (after your first transfer).
A peer-to-peer transfer service with a large range of currencies on offer.
EUR 8
3 - 5 days
Online
Go to site
More
Exclusive: OFX (Ozforex) International Money Transfers
Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering finder.com.au exclusive exchange rates and $0 transfer fee on all transfers.
AUD 250
1 day
Online, Phone, Agent
Go to site
More
Currency Online International Money Transfers
Enjoy regular scheduled transfers, one off transfers and a range of currencies. Also enjoy your first transfer for free.
AUD 0
2 days
Online, Phone
Go to site
More
Compass Global Markets International Money Transfers
Send money in as little as 24-48 hours to a range of countries with Compass Global Markets.
AUD 1,000
2 days
Online, Phone
Go to site
More
1st Contact International Money Transfer
$0 online fee without any minimum limit on money transfers.
AUD 0
2 days
Online, Phone, Bank Account to Bank Account
Go to site
More
Rates last updated August 30th, 2016
Transfer amount
Currency exchange
Description
Min. Transfer Amount
Transfer Speed
Services
Online Transfer Fee
Rate
Amount Received
TorFX International Money Transfers
TorFX can assist your business with forward contracts, different order types, currency analysis and competitive exchange rates.
AUD 200
1 day
Online, Phone, Agent
Go to site
More
Exclusive: World First Foreign Exchange
Cheaper and faster international money transfers for your business.
AUD 250
2 days
Online, Phone
Go to site
More
Exclusive: OFX (Ozforex) International Money Transfers
OzForex offers their business clients with competitive exchange rates, fee-free transactions with 24/7 customer service.
AUD 250
1 day
Online, Phone, Agent
Go to site
More
Currency Online International Money Transfers
Protect your business against market fluctuations.
AUD 0
2 days
Online, Phone
Go to site
More
Compass Global Markets International Money Transfers
Hedge your foreign exchange risks by becoming a client.
AUD 1,000
2 days
Online, Phone
Go to site
More
Rates last updated August 30th, 2016
Transfer amount
Currency exchange
Description
Min. Transfer Amount
Transfer Speed
Services
Online Transfer Fee
Rate
Amount Received
World First Foreign Exchange for Online Sellers
Open bank accounts in the UK, US, Canada and Eurozone and sell on more marketplaces while reducing the cost of repatriating earnings. Buy goods from China and sell them in the USA.
AUD 250
2 days
Online, Phone, Agent
Go to site
More
Looking for a physical location to exchange money?
Based on user reviews and blogs, here are some locations that may give you more bang for your buck:
Travel Money Oz, 79 Adelaide Street
Travelex, Queen Street Mall
Top tips to help you find the best exchange rate
If you need travel money for your next overseas trip, these handy tips will help you find the best possible exchange rate:
Compare your options
Exchange rates vary substantially from one foreign exchange provider to the next, so it’s never a good idea to settle for the first currency bureau you find. Even a small difference in the exchange rate can help you save hundreds of dollars, so compare a range of options before you exchange any money.
Phone ahead
Have you ever arrived at a foreign exchange bureau ready to convert currency, only to find that the store doesn’t have enough notes in your desired currency? While US dollars, euros and other major options are typically well stocked, any less-common currencies are often in short supply. Phone ahead to make sure the foreign exchange provider has enough notes to complete your transaction.
Ask for a better deal
The initial price quoted to you by a currency exchange specialist may not be the best exchange rate they can offer, so don’t be afraid to ask for a better deal. A little bit of negotiation can ensure more money stays in your pocket.
Beat the banks
As our comparison above shows, exchange rates offered by the major banks typically are not very competitive when compared to rates offered by foreign exchange services. This is because foreign exchange services specialise in foreign currency and charge smaller margins than the banks, so they are able to offer superior exchange rates.
Currency confusion
If a particular foreign exchange company offers the best available rate for the US dollar, it doesn’t necessarily mean it will also offer the best rate for the euro. With this in mind, make sure to compare your options based on the currency you need to exchange.
Look further afield
You don’t have to be in the CBD to find a competitive foreign exchange deal; there are plenty of exchange locations in the outer suburbs of Brisbane as well, particularly those with high migrant populations.
Look elsewhere for international money transfers
If you need to send money overseas, bricks-and-mortar foreign exchange services do not usually offer the best deal. You should be able to find much better exchange rates and lower transaction fees using a specialist online transfer company.