Exchanging money is one of the most important tasks of a checklist when it comes to travelling abroad. There are important factors to consider while searching for a better exchange rate and choosing the best method. Because you can save hundred of dollars on your holiday by choosing the easy and cheap way to get currency exchange in Melbourne.
Now, plastic has become a preferred choice of travellers to get the money exchange in Australia. No doubt it is a great option but still you’ll need some local currency in the form of cash to make small purchases such as for food or taxi fares. So, there are several reasons to get some foreign currency in your pocket. The travellers who are planning travel to Australia or from Australia to another country they must know that there are several methods to get the money exchange in Australia, but it is important to choose the one that is easy as well as cheap. Consider these 5 easy ways to get money exchange rates in Australia that are sure to save you hundreds of your dollars on your travel money.
Buy Currency Online
The trend of buying currency online is gaining popularity day by day because online money travel agencies or stores offer competitive exchange rates and best currency exchange services to the people. Such companies also have several branches or hundreds of pickup locations in at different points in Australia. So you can easily order online, or pick up the cash from the nearest branch of the company. But it is important to choose an experienced and trustworthy company.
From Specialist Money Exchanger
If you want to buy a large amount then banks or credit cards are not a good option because they charge high hidden fees and you may get ripped off. So, it is better to find the money exchange specialist buy currency from him. It is an easy way to get the money exchange in Australia because there are several money exchange agents available in the main cities. So there is tough competition among them and therefore they offer competitive exchange rate. Moreover, you can also negotiate the exchange rate and get discounts on exchanging a large amount.
Through a Bank
Usually, buying currency from Australian bank is not a good option because of their high hidden charges. They do not clearly tell about the exchange rate or hidden fees so it is difficult to figure out the accurate exchange rate they offer. However, it is noticed that Australian banks offer a better exchange rate for some currencies like Chines Yuan as compare to the rate of other money exchange companies. So, it is better to do a complete research on currency exchange in Melbourne then choose the best method.
Peer To Peer Transfer (P2P)
It is another easy way to get better money exchange rates in Australia. There are some companies like Transferwise who are connecting the people of different countries to buy and sell currencies. They connect and match the buyer of one country to the people of other countries who are selling the same currency. This peer matching is best option to get a better exchange rate.