Best locations in Brisbane for currency exchange-millkun, Brisbane might be a terrific spot for you to visit if you like the notion of warm weather all year round, regular excursions in the bush, or you want to get near to some koalas.
However, read this information on how to obtain the greatest deal on currency conversion before you change your money to Australian Dollars to pay for your trip.
Also read Best ATMs and Bank in Australia-millkun
Things to consider before converting your currency
You’ll need some AUD in your wallet to get around when your plane lands in Brisbane. Before making the change, take the time to comprehend how exchange rates operate and where commission and fees may be concealed.
Understand the current exchange rate
Finding out the mid-market exchange rate, or the best possible exchange rate, should be your first step when buying Australian dollars. To determine if you’re getting a good deal or not, always compare the travel money exchange rate you’re quoted to the mid-market rate.
Keep a careful eye on the rates by checking the Wise currency converter to make sure you get the best conversion rate possible in Brisbane.
Keep in mind that currency rates often fluctuate.
Exchange rates are always fluctuating. Political choices, economic shifts, and other national, regional, and local events are some of the variables that might alter rates. To better monitor the rate and get information when it changes, you can sign up for exchange rate alerts. In this manner, you can select the ideal time to convert your money, to ensure the best possible deal.
Avoid money exchanges at the airport and hotels
Although it is never a good idea to exchange money at the airport, there are several locations at Brisbane Airport where you can do so after you get there.
Several kiosks and ATMs are operated by the global foreign exchange corporation Travelex. They may be found on levels 2, 3, and 4 of the international terminal as well as level 1 of the domestic terminal. Throughout the duration of the flight schedule, branches are open. Additionally, you have the option to order foreign money in advance and pick it up when you get there.
At your accommodation, you might be able to exchange foreign cash. However, hotel exchange rates are infrequently (if ever) a good deal, just like airports. So, unless absolutely necessary, please refrain from using this option.
The use of ATMs
Using an ATM to obtain Australian dollars can be quick and inexpensive if you use caution.
Westpac, the largest bank in Australia, is a member of the Global ATM Alliance, therefore if your home bank is also a member of the network, you could be able to use their ATMs for free withdrawals. Check to see whether your home bank has any special agreements with an Australian bank even if it is not a member of the Global ATM Alliance.
If you want to proceed with or without conversion, some ATMs may ask you which currency you’d prefer to be charged in. Select whether to complete the transaction without conversion or to be charged in the local currency for the latter query. So choose to be charged in AUD, and decline the ATM’s offer to convert.
Spend your money before you leave Budget for your trip to prevent having extra AUD when you arrive home. You will incur double conversion fees on the same amount of money if you convert funds back to your home currency. Spend any excess money, especially coins, instead. Other options include holding onto it for your subsequent trip or offering it to a friend for the price you paid for it.
Where to get currency exchange in Brisbane
There are a number of foreign exchange bureaus in and around Brisbane if you’d prefer not to use an ATM. These companies include Travel Money Oz, Remox, Lotus Foreign Exchange, and UAE Exchange Australia.
Before making an exchange, don’t forget to compare the exchange rate being offered to the mid-market rate. There’s a good chance that a service that claims it doesn’t charge a fee or commission is actually factoring it into the exchange rate.
| Currency Bureau | Address | Contact Information |
|---|---|---|
| Travel Money Oz | Several stores. Find one here. | +61 1300-426-997 |
| UAE Exchange Australia | Kiosk 1.2 Gr level, Transit Centre, 151/171 Roma St, Brisbane | +61 1300-705-050 |
| AusXChange | LG 11A – Lower Ground, MacArthur Central Shopping Centre, 255 Queen St, Brisbane | +61 (07) 3194-5133 |
| Remox | Unit No. 031A, Level A, Myer Centre, 91 Queen Street, Brisbane | +61 (07) 3210-0360 |
The conclusion
You’ll typically get a better conversion rate when withdrawing Australian dollars from an ATM than you would at a currency exchange bureau. Just be sure to select Australian dollars to prevent the ATM’s bank from using its own conversion rate.
Always make sure to compare the rate you are quoted to the mid-market rate while using an ATM, or if you prefer to use a foreign exchange bureau. Select a provider that offers a price that is as close as possible to the mid-market price, naturally accounting for any upfront fees.
Or, even better, utilize Wise to make the transfer beforehand if you or a friend have access to a AUD account in Australia. Wise not only makes use of the real mid-market exchange rate to convert your money (which almost always beat the banks), your money will also be sent and received using local banks, bypassing those nasty international banking fees.