Pay no transaction fees and have the money delivered to your door when you exchange foreign currency with Foreign Xchange.
If you’ve ever travelled overseas and purchased some foreign currency for your trip, you’re aware of how important it is to find a currency exchange service that offers a reasonable exchange rate. Foreign Xchange is an Australian currency exchange provider that offers competitive exchange rates and doesn’t charge any fees or commissions when you trade in your Aussie dollars for foreign currency.
Whether you’re travelling overseas for business or leisure, Foreign Xchange offers competitive pricing and a convenient service to help you get a better deal on your currency exchange.
How much does it cost to buy currency with Foreign Xchange?
There are no fees, commissions or charges to pay when you purchase foreign currency from Foreign Xchange. This means you do not have to worry about any additional costs leaving a dent in your wallet as the exchange rate you are quoted when purchasing currency reflects the full cost of your transaction.
Minimum purchase amount and available currencies
There is no minimum exchange amount listed on the Foreign Xchange website, but there is a maximum limit of $9,900 for online transactions. There is no maximum limit on the amount you can exchange when you change money in person at a Foreign Xchange store.
Foreign Xchange allows you to convert Australian dollars into the following currencies:
- British pound
- US dollar
- Japanese yen
- Indonesian rupiah
- New Zealand dollar
- Thai baht
- Canadian dollar
- Singapore dollar
- Hong Kong dollar
- Malaysian ringgit
- Chinese renminbi
- Fijian dollar
- Vietnamese dong
- South African rand
- South Korean won
However, the provider does not allow you to purchase currency from the following countries:
- Cuba, Iran, Sudan, North Korea and Syria
Foreign Xchange exchange rates
If you need to stock up on cash for an overseas trip, Foreign Xchange offers competitive exchange rates on 16 global currencies. Rates are updated regularly in line with market fluctuations and it’s quick and easy to access an up-to-date foreign currency exchange quote through the provider’s website. Compare Foreign Xchange’s rates with those on offer from other currency exchange bureaus to see how it stacks up against the competition.
* Screenshot taken 10:15am 18/04/17
How can you get your currency from Foreign Xchange?
You can have the currency delivered to you, or you can opt to pick it up at a Foreign Xchange store.
If you ever need help with a currency transaction, Foreign Xchange has two offices in Adelaide and one in Melbourne. The provider offers phone and email customer support during the following hours:
- 10am to 6pm Monday to Friday
- 11am to 5pm Saturday
The registration and purchase process
In order to purchase currency online with Foreign Xchange, you will need to register by providing your name, date of birth, address and contact information.
The details you supply will also need to match the ID you present to verify your identity. Valid forms of ID must include the following details:
- Your full name
- Your date of birth
- Your address
- A photograph
- An issue and expiry date
- Your signature
- ID number
Once registered, follow the links to the “Buy Currency” section of the Foreign Xchange website. You can then select the currency you want to purchase and the relevant amount in Australian dollars as well as whether you will pick the currency up from a Foreign Xchange store or have it delivered to you. You can then pay for your transaction via BPAY or an online bank account transfer.
Pros and cons of using Foreign Xchange
- No fees. You don’t have to pay any fees or commissions when you exchange currency with Foreign Xchange.
- Competitive exchange rates. Compare the exchange rates on offer from this provider with those offered by other foreign exchange bureaus to see how Foreign Xchange stacks up against the competition.
- Currency delivery. If your order is more than $1,500, you can have currencies delivered to your door for free.
- Pick-up. If you'd rather pickup your currency instead of having it delivered, there are only two locations (Adelaide and Melbourne).
Frequently asked questions about Foreign Xchange
Can I request specific denominations of a foreign currency?
Yes, you can request foreign currency in specific denominations. However, this could take up to two business days to complete.
Does Foreign Xchange accept EFTPOS cards?
Yes, you can purchase foreign currency in-store using an EFTPOS card linked to your savings or cheque account.
What other payment methods are available?
You can also pay for your currency exchange online via a bank account transfer or BPAY.
How long will it take for the currency to be delivered to me?
Deliveries are typically completed within 48 hours.
What if I don’t want to have my currency delivered?
You can pick up the currency you order from a Foreign Xchange store. The provider has two stores in Adelaide and one in Melbourne.
I don’t live in Australia, can I access Foreign Xchange’s currency service?
No, this service is provided to Australian residents only.
If you’re planning a trip overseas and you need to stock up on foreign currency, consider the exchange services and rates on offer from Foreign Xchange. However, you should always compare a range of options before deciding if Foreign Xchange is the right place to take care of your holiday money needs.