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Best places to exchange currency in Melbourne

Discover how to find the best deal when you need to exchange currency in Melbourne.

Whether you're an international traveller visiting Melbourne or a local planning a trip overseas, there are plenty of convenient places to exchange foreign currency in and around the Melbourne CBD.

Keep reading for details of some of the currency exchanges to compare when searching for the best value for money.

Where can I change my money in Melbourne?

S Money logo

1. S Money

S Money is an online currency exchange, but they also have one store in the Melbourne CBD. Based on our research, S Money offers the best exchange rates in Melbourne but charge a percentage-based service fee and a $14 service fee for home delivery. For example, they charge around 1.8% when exchanging AUD to USD. In comparison, Travelex and Travel Money Oz add a markup of 3.70% on conversions to US dollars.

AddressContact Number
Next to the Great Southern Hotel, 44 Spencer St1300 50 10 80
Travelex Logo

2. Travelex

As one of the most recognised names in the world of currency exchange, Travelex allows you to buy and sell over 45 currencies either online or in-store. Travelex has 2 locations in the CBD and 13 locations within 20 miles of the CBD.

AddressContact Number
261 Bourke St(03) 9654 4222
67 Swanston St(03) 9650 5624
Travel Money Oz logo

3. Travel Money Oz

Travel Money Oz supports more than 60 currencies, and also a travel money card that can be pre-loaded with up to 10 currencies. You can buy currency from Travel Money Oz online or in-store, with the provider boasting 3 locations in the CBD. Their exchange rates aren't as competitive as S Money's but their customer service is excellent.

AddressContact Number
108 Elizabeth St in the Royal Arcade1300 161 371
97 Swanston St1300 651 927
Shop E26 Galleria, 385 Bourke St1300 651 994
United Currency Exchange logo

4. United Currency Exchange

United Currency Exchange is a Melbourne-based provider with branches in Swanston Street and QV Melbourne. They are open five days a week from 9am to 5:30pm. You can place an order either online or in-store, and there are more than 35 currencies available.

AddressContact Number
QV MALL, QVA01 Lonsdale St &, Swanston St(03) 9671 3993
Level 5/55, Swanston St(03) 9671 3993
QV MELBOURNE, Shop 26, Level 3/22-24 Jane Bell Ln(03) 9671 3993
Crown Currency logo

5. Crown Currency

Crown Currency is a currency exchange company that was founded in 1998. They have 11 branches in Victoria but only one in Melbourne CBD. Crown Currency offers a wide range of currency exchange services, including cash exchange, traveller's cheques, and international money transfers. Unlike other services, they don't display exchange rates on their website so you will need to contact them for a quote.

AddressContact Number
Midtown Plaza, Kiosk K001/246 Bourke St(03) 8638 9967

Tips for getting the best deal when exchanging money

  • Know the mid-market rate. Use Google to find the current mid-market exchange rate. This will let you work out whether the rate being offered by a currency exchange service represents good value.
  • Shop around online. Rather than visiting several stores in person, shop around online to find the provider with the best rates and lowest fees.
  • Check for fees. Make sure you check the fine print to find out what fees apply to your transaction. Remember that even if an exchange bureau claims that it doesn't charge any fees, your transaction will still cost money as the provider always adds a margin to the mid-market exchange rate.
  • Avoid airport exchange bureaus. These locations generally offer low exchange rates and higher fees.
  • Steer clear of ATMs. Withdrawing money from a foreign ATM may be a simple and convenient option, but the high fees and disappointing exchange rates mean it's also quite expensive.

Compare money transfer services

Looking to send an international money transfer rather than exchange currency? Compare our options below to save money on transfer fees and lock in stronger exchange rates.

Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
Xe Large Transfers
24 hours
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Revolut
Within minutes
$0
Sign up and get a AUD$15 top-up. For new customers only. T&Cs apply.
Send money with great rates and low fees in 30+ currencies.
Xe Money Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
Instarem
Within minutes
From 0%
50% off first transaction fee from any country in APAC (outside India).
Minimum transfer of $250 and max transfer of $500,000
Wise (TransferWise)
Within minutes
From 0.43%
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies.
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
Remitly
Within minutes
From $0
Remitly has quick, affordable transfers around the world, with both express and economy options.
WorldRemit
Within minutes
From $0.99
Use promo code 3FREE and pay no fees on your first 3 transfers. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Rocket Remit
Within minutes
From $0 to $5
Send money instantly to friends and family in over 45 countries using just your mobile number.
MoneyGram
Within minutes
From $1.99
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
SingX
Within minutes
From 0.5%
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
CurrencyFair
Within minutes
€3
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
Send Payments
24 hours
$0
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
MasterRemit
Within minutes
From $0
Get your 1st and 2nd money transfer for free with promo codes FIRSTFREE and MASTERFINDER!.
Send money in minutes at competitive exchange rates to the Middle East, Africa and South Asia.
Western Union
Within minutes
From $0
Western Union sends money online to friends and family in 200+ countries around the world.
Qantas Business Money
Within minutes
$0
Earn 1 Qantas Point per AUD$1 equivalent you convert into foreign currencies. Conversion limits and T&Cs apply.
Set up accounts in 11 different currencies and get rewarded for global business payments by earning Qantas Points.
TorFX Business Transfers
24 hours
$0
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
OFX Business Transfers
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
WorldFirst
24 hours
From $0
Open bank accounts in Australia, the UK, US, Canada, Japan and Europe. Send and receive funds with zero fees for large sums, including same-currency supplier payments.
Send business
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
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2 Responses

    Default Gravatar
    WendyAugust 30, 2019

    Is Bangkok a better place for exchange rate to change AUD to Japanese yen?

      AvatarFinder
      JeniAugust 31, 2019Finder

      Hi Wendy,

      Thank you for getting in touch with Finder.

      If you’re going to Bangkok and considering exchanging AUD for Japanese yen, that would be fine. Most travelers would have their money exchanged for Japanese yen before arriving in Japan. You may also use our travel money guide for Japan.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

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