There are a lot of currency exchanges in Canberra with the ability to provide the best currency exchange to foreign students. They offer students with suitable services and cost-efficient transactions. If you are a foreign student, looking for a reliable currency exchange company you must consider a few points.
A good currency exchange provider offers safe and fast exchanges. A student must always check the company’s online presence and the exchange rates. In this blog we have mentioned some of the best companies and reasons why a student can trust these companies for currency exchange in Canberra.
Table of contents
1. Red Rate Currency Exchange
The red rate Currency Exchange provides the best exchange through their access to the 50 best currencies in the world. The strategic partner of Red Rate that deals with foreign currencies is Money Chain which deals with international money transfers for Asian people.
Besides this, there are a variety of benefits provided by the Red Rate Currency Exchange. These are as follows:
Safe
Money Chain utilises the most advanced technology and professional practices to provide a seamless service to foreign students. It is well-researched in financial matters is in constant compliance with all government rules and financial regulations and operates within these norms.
Fast
Money Chain keeps a sufficient stock of currencies in China and Australia to ensure quick receipt of your transfer. The priority of having ready cash when moving to a new country is thus met with the Red Rate Currency Exchange.
Cost-effective
Money Chain provides the best exchange rate, especially for students and businesses. They keep an eye on the day-to-day rates and deliver the best rate. They are cost-effective and provide low rates to students. In Canberra, students can get 1 AUD as low as 0.64 USD. On top of that the several banks open in the capital of Australia make it cost and time-efficient for students to find a nearby office for any necessary physical meets.
Convenient
Money Chain is open seven days a week, with online bank transfer facilities. This gives them a chance to reach them whenever possible. The online services are user-friendly which makes it easy for students to make transactions. Students can place orders, select a store and collect their cash as per the requirement.
Friendly and safe environment
When a foreign national approaches the exchange centre he is met with the best services offering friendly and dedicated staff. The online service apps are also very user-friendly. All you need to do is to select an amount and currency online, select a time and location for pickup and bring an ID card to collect your currency.
| Location | Shop 3/55 Woolley St, Dickson ACT 2602, Australia |
| Hours | Monday to Friday: 9 am to 5 pm Saturday: 10 am – 3:30 pm |
How to reach?
2. Travelex Currency Exchange
Another halt for currency exchange can be made at Travelex Currency Exchange, Canberra. Travelex is dedicated to providing the best services to customers and helping foreign students get the best exchange on their home currency. With an ability to stock almost all the major currencies, they help to get the best rates as they monitor market exchange rates daily so you don’t have to do it.
The employees are always comparing their exchange rates against major in-store and online travel money providers, to make sure that they provide you with great value on your foreign currency.
Some important services offered by Travelex are as follows:
Fee Charged
Travelex does not charge any commission or fee on the foreign currency exchange but the rates vary. The best rates are provided to the customers with no commissions or hidden charges.
Facility for online and offline exchange
Travelex provides facilities for online and offline exchange. It has friendly employees and a well-developed portal for exchange. You can visit their website or a local branch for exchange without any hassles. The online system is user-friendly and offers quick solutions whenever needed. As for the offline system, it is managed by cooperative staff members who help students get maximum benefits from the exchange.
Exchange through credit and debit card
If you are in a rush and want to pay for your currency using a debit or credit card, there is an additional card surcharge. It is good to be on time as far as the exchange of currency is concerned. A surcharge applies as follows:
| Card type | Debit/Credit | Surcharge |
| MasterCard | Debit | 0.77% |
| MasterCard | Credit | 0.94% |
| Visa | Debit | 0.72% |
| Visa | Credit | 1.00% |
Live exchange rates
Travelex provides a Travelex money exchange card that provides the best exchange rates to its customers in many places. Travelex monitors exchange rates on a daily basis and helps students save time by providing a comparison of exchange rates against major in-store and online travel money providers. They provide great value to students for their foreign currency.
Track Money converter facility
Travelex through its money converter app provides the latest information on the value of money each day. It is a facility to use to keep track of the money value in different currencies.
| Location | Shop G04/5/8 Keltie St, Phillip ACT 2606, Australia |
| Hours | Monday – Friday: 9 am to 5 pm |
How to reach?
3. Rocket Remit Currency Exchange Canberra
The Rocket Remit Currency Exchange in Canberra, Australia is another currency exchange service dealing with a large number of currency exchanges. They are an award-winning service provider through their mobile apps helping thousands of people every day in financial matters.
Other services and their mode are listed as under:
Fee charges on Transfer of money
Rocket Remit charges a nominal fee on international transfers with the rate varying from AUD$0 to AUD$5 depending on the currency and receiving country. For example, for AUD$500 to MXN, the fee levied is AUD$5
No Fee on Conversions
No conversion fee is charged by Rocket Remit. However, a fee in the form of a variable margin is applied to the exchange rate.
Reversal request
In case the reversal is asked then a fee of AUD$25 as admin charge is taken. This happens even when the reversal is unsuccessful.
Account loading
Although no account loading charges are incurred, payments made to a Rocket Remit account using a credit card may attract a cash advance fee or interest charges depending on your bank.
Mobile App facility
Rocket Remit has developed a good mobile transfer facility that helps students transfer money all over the world through their friendly and technologically sound app.
| Location | Melbourne Building, Level 1/43-45 Northbourne Ave, Canberra ACT 2601, Australia |
| Hours | Opened 24 hours |
How to reach?
4. Travel Money OZ Woden
The Travel Money OZ Woden foreign currency exchange services are made by the most knowledgeable people waiting for you to get the easiest and fastest delivery at the most suitable rates. Travel Money Oz also offers other financial facilities to the students placed abroad and from AED to ZAR, they have over 60 currencies on offer at any given moment. Thus, the biggest facilitators for currency exchange, the Travel Money OZ Woden also serve the following financial requirements of foreign students:
The best price against the Aussie dollar
Travel Money has a team of members always on watch for the day-to-day fluctuations in currency so they offer the best price against Aussie dollars.
Foreign exchange rates updated to the minute
Travel Money has friendly apps suitable enough for students to handle online to find updates regarding currencies and their equivalent in Aussie dollars and other currencies.
Buying and selling foreign currency
There are innumerable stores of exchange service at various places that help in smooth and hassle-free exchange of foreign currency. You may apply online and collect the exchanged currency the same day. All the unused currency is also returned at a reasonable rate.
Cash Commitment
- One can visit any Travel Money Oz store and ask to buy Cash Commitment currencies as listed in their app.
- If the store doesn’t have the currency in stock, you’ll get to pick between a Cash Commitment Bonus and a Cash Commitment Voucher.
Rate Move Guarantee (in-store only)
Travel Money OZ guarantees the customers a rate change within 14 days time. If you purchase foreign currency in-store and the retail exchange rate improves within 14 days, you’ll get the difference.
Travel Money OZ is a suitable and convenient place to exchange currency in Canberra, Australia. It gets your travel money sorted very fast and helps you to travel without any tension. Moreover, you get the best rate during your Rate Move Guarantee period and don’t have to pay anything extra for it.
| Location | Westfield Woden, Shop 50A/1/192 Keltie St, Phillip ACT 2606, Australia |
| Hours | Monday to Saturday: 9 am to 5 pm Sunday: 10 am to 3 pm |
How to reach?
5. Crown Currency Exchange (Westfield Woden)
The Crown Currency Exchange is conveniently located in the Westfield Woden in n Phillip, Canberra. The location suits foreign students as the currency exchange lies along with above 200 retailers under one roof. It is a conventional centre where one can go for window shopping or actual buying as the trusted currency exchange is done.
The special services rendered here are as follows:
Over 80 currencies are available
At Crown Currency Exchange there are over 80 different minor and major currencies supporting your currency needs.
Competitive rates guaranteed
The Crown Currency Exchange offers the best rate in Phillip.
They have 49 stores around Australia located in convenient locations, so finding one near you will be very easy. Most of our stores also have the option of cash in-store to make your transactions even more convenient.
Large & small transactions
The Crown Centra offers both large value notes and smaller denominations in their store, helping the youth in their financial position.
Knowledgeable & friendly team
Sometimes it is advice that you may genuinely look for. They can answer any questions you may have and provide expert guidance on the best way to go about your transaction.
No commission or fees
They charge no commission or fee at any cost wherever you travel or whichever branch you use for the process of conversion.
| Location | Westfield Woden, Kiosk 010, Keltie St, Phillip ACT 2606, Australia |
| Hours | Monday to Saturday: 9 am to 5:30 pm Sunday: 10 am to 4 pm |
How to reach?
6. Money Chain World Remittance
Money Chain World Remittance is a chain of businesses dealing in financing all over the world. It has branches in Canberra, Australia for the students who want to exchange their currency in the Australian denominations to study here. It is a low-cost alternative to exchange shops in Canberra and is open even on Sundays. Other benefits are as follows:
Buy Currencies
You can buy travel money in cash from the Money Chain World Remittance shop in Canberra. If you need cash you can place your order online and collect it from the shop.
Alternative to ATM withdrawal
If you are new to Canberra and are looking for secure ways to cut the costs of making ATM withdrawals abroad then Money Chain Shop is the best-suited and trusted alternative.
Send Money faster than before
It also helps you to send money to someone overseas in a fast and secure manner.
Exchange rate and the fees charged
Money Chain offers the best currency exchange rate at no extra fee charges. It is easy and hassle-free and the most convenient way to exchange money here.
Low-Cost Travel Card Option
The money exchange also offers a low-cost card option for frequent travellers. It not only reduces the cost of travel but also provides fast and quick exchange.
| Location | Shop 3, 55 Woolley St, Dickson ACT 2602, Australia |
| Hours | Monday – Friday: 9:30 am – 5:30 pm Sunday: 10 am – 5 pm |
How to reach?
7. Commonwealth Bank Canberra City Branch
The Commonwealth Bank in Canberra is also another alternative to get your money exchanged in various denominations. It is the most reliable and safe. CBD assists students with international fund transfers in the most convenient way. The services offered are as follows:
No fee for International Transfer
The Bank waves away your fee when you have to send money through the Net Bank or Common Bank app. This does not hold good for AUD to AUD transfer as listed on their site.
Funds Availability
Funds are usually available to the student within 2-3 days.
Wide Range of Currencies
There is a wide range of currency available in CommBiz, the CommBiz mobile app, NetBank or the CommBank app.
Manage exchange risk
The Bank manages exchange risk by helping in avoiding short-term fluctuations in currency.
Availability of Business Foreign Currency Account
The Bank provides a Business Foreign currency account that comes with several features for hassleless transfer to gain interest to students above 18 years of age.
Save on Conversion fee
The account helps to save on conversion fees.
| Location | Shop CP34/185 City Walk, Canberra ACT 2600, Australia |
| Hours | Monday – Friday: 9:30 am – 4 pm |
How to reach?
8. Preloved Gold
Preloved Gold is an indigenous money exchange centre in Canberra that primarily deals with gold exchange. They carry over two decades of experience in buying gold, silver and other precious metals. These items can be sold in the shop.
Canberra’s most trusted buyers
They are Canberras’s most trusted buyers of gold, silver, coins, watches etc. Sometimes the instant cash requirement has to be met with valuables and for this, Preloved Gold is the best alternative to get cash.
Cash on Spot
The valuables can be brought on the spot and cash obtained.
Nominal prices
They offer the best rates and nominal prices
Criteria for conversion
The purity of the product is examined through the XRF metal instruments that examine its money worth.
Items Exchanged
With more than 30 years of experience, Preloved Gold can offer you the correct price for your gold, silver coins, jewellery, bars, coins, bullions and even scrap gold and silver instantly after finding their net worth.
| Location | City Plaza, Unit 113 / 222 City Walk Canberra City |
| Hours | Monday – Friday: 8 am – 5 pm Saturday – Sunday: By Appointment |
How to reach?
9. Crown Currency Exchange (Westfield Belconnen)
The Crown Currency Exchange in Belconnen in Canberra is a fully Australian-owned currency exchange company and a name for trust and value to your money. Students can visit it or go online for enquiries related to currency exchange. The services provided are smooth and free of tension. They offer good exchange rates to meet customer satisfaction.
Other features of the currency exchange are as follows:
Extensive Experience
Crown Currency owners and employees have extensive experience in buying and selling currencies. They offer a seamless transaction process and exceptional exchange rates.
Transparency in exchange
They offer the best value for money by maintaining transparency in rates, fees and charges associated with your exchange.
In-store exchange of currency
Crown Currency Exchange offers the assurance of a safe and secure in-store exchange process. Their team of skilled professionals handle every aspect of your transaction with utmost care and ensures that your foreign exchange needs are met seamlessly and without any complications.
Online Approach
The Crown Currency app is always available to meet your currency-related queries. It is quick and prompt to divert you to their centre for fast exchange.
Locations
The Crown Currency Exchange is spread over 50 locations in Australia to meet your travel needs. Students can get a fast exchange of their currency by visiting their office.
| Location | K309, K309 Benjamin Way, Belconnen ACT 2617, Australia |
| Hours | Monday – Thursday: 9 am – 5:30 pmFriday: 9 am – 7 pmSaturday: 9 am – 5 pmSunday: 10 am – 4 pm |
How to reach?
10. Foreign Xchange (FX)
Foreign Xchange” is the best name in Canberra for smooth currency exchange. It has 60+ currencies available on hand whether you are buying or selling foreign currency in Canberra.
Other features are as follows:
Online Exchange
The online facility is to sort out the travel money where foreign students can use the online currency calculator to select the foreign currency equivalent in Australian dollars or send an email and then fill out an easy order form with the denominations required.
A safe, secure and timely delivery
To provide a safe and secure delivery only the chosen and tried countries are taken. The delivery is made on time and confirmed by the customer.
Hassle-free currency exchange
The online system offers a hassle-free system and saves you from visiting the centre on weekdays or weekends.
Best money exchange online
The FX offers the best hassle-free exchange online with no commission and the best online rates.
More accessible and convenient system
Foreign Xchange is a more accessible and convenient system of fast, safe exchange of currency and its quick delivery. It saves you from battling the traffic or finding time to get an exchange.
| Location | 368 Sussex St, Australia |
| Hours | Monday – Friday: 9 am – 5 pm |
How to reach?
FAQ
The most important factor you should consider while looking for currency exchange is the exchange rate offered by the service providers.
The Travelex store is the best forex service provider in Australia.
The rate offered, the charges incurred and the best value for your money.
Your bank or credit union is the best place to exchange currency before you leave in order to avoid paying your ATM charges.
An online mode is the cheapest way as it prevents you from going to a place with traffic and also offers the best rate for your money through online converters.
To know more about currencies, education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
