Currency Exchange in Perth: Know the Best Modes

Currency Exchange in Perth
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Perth is a beautiful city located in Australia. It offers a wide range of opportunities for students as well as for those looking for employment opportunities. Since it is a major city in Australia it boasts several reputed exchange kiosks. The exchange centres in Perth are popularly known for offering competitive exchange rates. Students and individuals will surely get the best value out of their money. Moreover, these centres also provide additional services such as currency buybacks, money transfers and traveller’s checks.

Things to Keep in Mind Before Currency Exchange

  • Get in touch with the mid-market exchange rate to know the true value of your currency against the dollar.
  • Compare the exchange rate using an online currency converter and make sure you ain’t getting scammed.
  • Avoid using airports and hotels for exchange rates as they offer a higher rate of exchange.
  • Always check your home bank as they almost always offer the best currency exchange rates.

Major Sources Providing Currency Exchange in Perth

The major sources in Perth offering currency exchange services include your home or Union Bank, and renowned exchange kiosks such as Travelex, Travel Money OZ, and Redrate. You can also check out the airports for instant currency exchange services in case of emergency. We shall explore all of them one by one.

Banks

Your home or union bank offers you the most genuine and competitive exchange rates as compared to other considerable options. The major banks offering currency exchange in Perth include ANZ, Commonwealth Bank, Westpac and National Australia Bank (NAB). All these banks deal in various currencies such as EUR, GBP and AUD. Always beware of any hidden charges included in your transaction.

Also Read: Do you know A Handy Guide to Currency Exchange in Brooklyn? This blog will give you an idea about it. 

Exchange Bureaus

You’ll find currency exchange bureaus located all around Perth in airports, tourist attractions, commercial malls, markets etc. We shall list the top-recommended exchange bureaus in Auckland offering convenient and competitive exchange rates.

NameAddressContact Number
Redrate Exchange55/188 Newcastle St, Northbridge+61 08 9328 6699
Travelex CarouselShop 1060/1382 Albany Hwy, Cannington WA 6107, Australia+61 08 9458 9071
TravelexHSBC Building, 188-190 St Georges Terrace, Perth+61 8 6141 5007
Crown CurrencyWestfield Garden City Shopping Centre, 125 – 133 Riseley St, Booragoon WA 6154+61 08 6317 9833

Online Platforms

Check details of some of the major online platforms for currency exchange in Perth below:

Xe.com

Xe.com provides competitive exchange rates as compared to other exchange centres. They offer you to exchange your currency in real-time through their online website portal or mobile application. They don’t have any physical outlets and only serve through online mediums.

Also Read: Do you know Currency Exchange in Ottawa: Know All the Major Service Providers? This blog will give you an idea about it. 

OFX

OFX is formerly known as OzForex. They offer personalized international money transfers and currency exchange for individuals and businesses. The platform offers dedicated customer service along with competitive rates and low fees. The platform also provides exchange services without any hidden charges. You can easily initiate the process through your phone.

TransferWise

TransferWise currency exchange in Auckland allows transparent fees and competitive exchange rates without any hidden charges. They utilise a peer-to-peer model where your funds are converted locally without the need for international transfers thereby reducing associated costs. They also adhere strictly to regulatory standards to safeguard users’ funds.

Also Read: Do you know Currency Exchange in Montreal: Best Banks and Service Providers? This blog will give you an idea about it. 

Airport

Airports are not considered the best option to exchange your currency but it can be a viable option to exchange your currency for immediate expense. Airports offer higher fees as compared to offline bureaus and banks. Only exchange your currency at an airport in case of urgency.

FAQs

What payment methods should I carry while travelling abroad in Perth?

It is advisable to keep a mix of payments including credit cards and cash to avoid falling into trouble. Beware of foreign transactions before using your credit card.

Can I exchange my currency at airports?

Yes, you have the option of exchanging currency at airports although it is not the best option recommended as they offer more competitive rates. You can exchange a small amount in case of immediate expense.

Can you withdraw cash using an ATM in Australia?

Yes, you can use ATMs to withdraw cash in Australia. There are plenty of ATMs available at every round and corner but you must also keep in mind the withdrawal fees charged by your bank.

Suggest ways to save money before travelling to Perth.

Plan for your trip and remember to analyse the exchange rates and best places to exchange your currency to save the most out of your trip!

Is a Passport necessary for currency exchange?

Yes, the currency exchange process requires documents such as your Aadhar card, PAN card, passport and confirmed air tickets. You can easily exchange your currency through any of your documents.

Check out our latest blog to learn more about the currency exchange process! These were the top places suggested for foreign currency exchange in Perth.

To know more about 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.

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