Top Currency Exchange Rate

au
AUD
us
USD
eu
EUR
gb
GBP
nz
NZD
jp
JPY
id
IDR
cn
CNY
au 1AUD 1.0000 0.6407 0.5886 0.5031 1.0484 94.9062 9745.9736 4.5118
us 1USD 1.5608 1.0000 0.9187 0.7852 1.6363 148.1289 15211.4462 7.0420
eu 1EUR 1.6989 1.0885 1.0000 0.8547 1.7812 161.2406 16557.8892 7.6653
gb 1GBP 1.9877 1.2735 1.1699 1.0000 2.0839 188.6428 19371.8418 8.9680
cn 1CNY 0.2216 0.1420 0.1305 0.1115 0.2324 21.0351 2160.1076 1.0000

Are you planning a trip abroad and wondering where you can get the most bang for your buck? Knowing the current exchange rate is a critical part of maximizing the value of your money.

Exchange Rates 101 is here to help you get the most out of your hard-earned funds. Exchange rates constantly fluctuate, so understanding the basics of how they work and where to get the best rate is essential. With Exchange Rates 101, you’ll uncover the best places to get the most money for your currency. This comprehensive guide will show you how to compare exchange rates, how to cash in on any offers and promotions, and how to save money on fees.

With a bit of knowledge and preparation, you’ll be able to make the most of your money when you travel abroad. Let’s get started and uncover the best places to get the most bang for your buck!

What are exchange rates?

An exchange rate is the rate at which one currency can be exchanged for another. For example, if a person travels to another country and tries to exchange $100 for that country’s currency, he or she will likely receive a different amount of the host country’s currency than if he or she had exchanged $100 for US dollars.

The exchange rate is the rate at which the currencies can be exchanged. Exchange rates fluctuate based on a variety of factors related to domestic economies and the global economy. The value of a currency also affects the price of goods and services in that country. If a country’s currency is strong, it’s likely that the cost of products will be higher in that country. Likewise, if a country’s currency is weak, the cost of goods and services there will be less than in a country where the currency is strong.

How are exchange rates determined?

Exchange rates are determined by the demand and supply of different currencies. There are many different factors that contribute to an increase or decrease in demand (and, therefore, a change in exchange rates). For example, an economic event that affects one country’s economy might also affect other countries in a similar fashion, affecting demand for those other currencies. Likewise, an event that affects a country’s economy might affect it positively, increasing the demand for that country’s currency, potentially increasing the exchange rate.

Ways to save money on exchange rates

Saving money on exchange rates is as important as saving money on plane tickets, hotels, and other travel expenses. Fortunately, there are several ways to save money on exchange rates. The best way to save money on exchange rates is to use a no-fee foreign currency exchange service.

Many banks offer this service, but it’s important to do your research to find the best deal. The best way to do this is to find the exchange rate of the bank’s service and then compare that to the current exchange rate of other foreign currency exchange services. You should aim to get the best exchange rate while avoiding any hidden fees.

– Shop around for the best exchange rate: Not all foreign currency exchanges are the same. The best way to save money on exchange rates is to shop around for various exchange rates and find the one that best fits your travel needs.

You can find the best rates online with online exchange rate comparison tools.

– Use online tools to find the best exchange rate: There are a number of online tools that can help you find the best exchange rate. These tools will often provide you with several different options for exchange rates, helping you choose the best rate for your travel needs. You can also use these tools to find the Buy Currency best foreign currency exchange location near you.

– Avoid exchanging at the airport: Many people start looking for a foreign currency exchange location the moment they arrive at the airport. While this is convenient, it’s also one of the most expensive places to exchange your money. Instead, plan ahead and do some research to find the best place to exchange your money. This will help you save money on exchange rates and avoid hassling with crowds at the airport.

Promotions and offers to maximize your money

Many banks and foreign currency exchange services offer special promotions and offers. These promotions can help you maximize the value of your travel money. To take advantage of a foreign currency exchange service’s promotions and offers, you’ll need to sign up for their services ahead of time. Many of these services only allow people to sign up for their services a certain number of days before travelling. It’s important to sign up for these services as soon as you know that you’ll be travelling so that you have plenty of time to take advantage of their promotions.

Fees to watch out for

One of the biggest mistakes that travellers make is failing to research foreign currency exchange services beforehand. It’s important to read the fine print and look for any fees associated with the services. Most of the time, there are fees associated with using a foreign currency exchange service, so it’s important to know what they are and how they can affect your travel budget.

Some of the fees that you should watch out for include:

– The exchange rate: As mentioned earlier, the exchange rate is the rate at which one currency can be exchanged for another. While the exchange rate that you’ll be given might seem like a good deal, it’s important to remember that the exchange rate is determined by supply and demand. The exchange rate that you’re given might not be the best rate available.

– Fees for withdrawing money from an ATM: Many banks charge a fee for withdrawing money from an ATM that’s located outside of the country. This fee can quickly add up, and it’s something that you’ll want to keep an eye on.

– Fees for exchanging your money: Many banks charge a fee for exchanging your currency. This fee can add up, especially if you’re exchanging large amounts of money. This is one of the reasons that it’s best to exchange small amounts of money when travelling abroad.

Where is the best place to exchange money in Australia?

Preparing for an exchange

Before you can exchange your money, you’ll need to know how much money you’ll need while travelling. There are several things to consider before calculating how much money you’ll need while abroad. For example, how long will you be travelling for? Are there any events that you want to attend while abroad? These are just a couple of things that you’ll want to consider while calculating how much money you’ll need while travelling.

Next, you’ll need to find a foreign currency exchange service that offers the best rate for your travel needs. You can find the best rates online with online exchange rate comparison tools. You can also look for foreign currency exchange services in your area that have great rates and no-fee options. Once you’ve found an exchange service that offers the best rates for your travel needs, you can begin calculating how much money you’ll need while travelling.

Tips for getting the best exchange rate

The best way to get the best exchange rate is to plan ahead. You should start researching foreign currency exchange services and comparing rates as soon as you know that you’ll be travelling abroad.

Lean more: How to get the best exchange rate in Sydney
Lean more: Where in Perth to get the Highest Exchange rate?

Exchange rate strategies

There are several different exchange rate strategies that you can use to get the most bang for your buck while travelling abroad. The first strategy is called the buy-low, sell-high strategy. This means that you should try and buy currency when its value is low, and then sell it when its value is high. This will help you get the most out of your travel money. You can also use the sell-now, buy-later strategy. This means that you should sell your currency when its value is high, and then buy it back when its value is low again. This strategy will help you get the most out of your travel money and still allow you to have the funds that you need for expenses while travelling.

Different types of exchange rates

There are a couple of different types of exchange rates, including the spot exchange rate and the forward exchange rate. The spot exchange rate is the rate at which the currencies can be exchanged right away. The forward exchange rate is the rate at which the currencies can be exchanged at a later date. The forward exchange rate is often more expensive than the spot exchange rate, but it can be useful for travellers who need to plan their travel budget in advance. The forward exchange rate is often used by businesses that want to plan and budget for upcoming international expenses.

Today's Foreign Exchange Rate

Looking for the best exchange rates?
Look no further, We constantly monitor the market so you don’t have to.

We wont be beaten on exchange rates in-store or online. We’re always compare our rates against others(online/in-store), to make sure we offer you with best foreign currency. Use our currency converter calculator below to see real time currency conversions based on the rate of the day, so you can see if it's a good time to buy.

Flag
Currency
Country Name
Rates
Buy Online
EUR Europe 0.5886
USD UNITED STATES 0.6407
GBP United Kingdom 0.5031
NZD New Zealand 1.0484
THB Thailand 22.4634
FJD Fiji 1.4146
SGD Singapore 0.8531
IDR Indonesia 9745.9736
JPY Japan 94.9062
CNY China 4.5118
CAD Canada 0.865
AED United Arab Emir. 2.3027
HKD Hong Kong 4.985
MYR Malaysia 2.9441
BHD Bahrain 0.2297
BRL Brazil 2.8943
BND Brunei 0.8183
CLP Chile 572.3138
HRK Croatia 4.2467
CZK Czech 14.0587
COP Colombia 2284.5022
DKK Denmark 4.2434
EGP Egypt 16.0411
XPF French Pacific 66.4706
HUF Hungary 217.233
INR India 49.7772
ILS Israel 2.1076
JOD Jordan 0.426
KWD Kuwait 0.1839
ISK Iceland 80.6129
MUR Mauritius 26.1659
MXN Mexico 10.1707
NOK Norway 6.5271
MAD Morocco 5.377
OMR Oman 0.23
PKR Pakistan 163.2187
NPR Nepal 72.0321
PGK Papua New Guinea 2.2989
PHP Philippines 34.0184
PLN Poland 2.4064
QAR Qatar 2.192
SAR Saudi Arabia 2.2655
KRW South Korea 805.0249
SEK Sweden 6.4012
CHF Switzerland 0.5572
ZAR South Africa 11.1571
TWD Taiwan 18.8712
TOP Tonga 1.387
TRY Turkey 17.9181
VUV Vanuatu 73.5746
WST Western Samoa 1.5741
VND Vietnam 14893.6045
Our Exchange Rate table

*rates are subject to change without notice & in-store rates may vary.

shop 19/236-242 Lonsdale St Dandenong, VIC 3175 Australia

What our customers say

December 8, 2022

Really good exchange rate and smooth transaction

Really good exchange rate to purchase Yen online, even when some places had none available. Was a little hesitant to transfer my funds to an.....

EmmaD
December 19, 2022

"Efficient and Fast Service"

I would recommend Danesh Exchange for your cash transactions - simple and easy to use website, courteous office staff, fast transactions - highly recommended......

Dianne Sams
March 19, 2020

"Fast"

Fast, efficient, dealt with all concerns and went above and beyond. Well done Ali! Thanks.....

Kalila Grevell
March 6, 2020

"Always very helpful"

Have used Danesh Dandenong at least once a year over the past many years. Always very easy to either talk over the counter or by.....

Jane
March 5, 2020

"WOW great service at competitive rates"

This is my first experience purchasing currency for a holiday on-line and I want to congratulate you on not only very keen exchange rate but.....

Andrew O
February 27, 2020

"Good rate and very easy process"

I live in Central Queensland and ordering money from Melbourne made me a bit nervous about order my foreign currency online and thought a company.....

Vicki S.
February 24, 2020

"Fast, Simple, Safe"

Using Danesh exchange made it really Easy to order. They offered the best exchange rate and fast delivery. Will definitely be using them again when.....

Lachlan M.
February 21, 2020

"Very Happy"

While I was a little apprehensive ordering online initially, but after checking some reviews all appeared Ok. Couldn't be happier. Good rate, prompt service, &.....

RoyBoy
February 17, 2020

"Prompt, reliable, transparent & competitive"

If you find a better deal elsewhere please let me know. I would like to cut out the middle man and deal direct with someone.....

warrenharriss
June 22, 2018

"friendly and willing to help"

The best place to get money exchange at the best rates in Melbourne. Staff are super kind, friendly and willing to help at any time......

Jamie Kenmure
February 13, 2020

"Danesh Exchange 5 star rating"

Very impressed - it was my first time and I will certainly use Danesh Exchange again. Delivery date exceeded expectations (total of 5 business days.....

Janelle H
December 20, 2018

"Highly recommended"

Danesh exchange Dandenong. By far the best rates going. Highly recommend these guys. Great customer service, easy to deal with and great communication......

Andrew Thomas
January 10, 2019

Competitive rates

Competitive rates, friendly and professional staff, online website for checking currency rates. Highly recommended......

Irfan Haider
May 17, 2017

“Excellent Service”

I would commend Mr. Ali of Danesh exchange as he really give us a good rate of our money. Highly recommend!.....

Kevin Renzo Sevilla
August 27, 2018

It's a great service

I highly recommend Danesh for pick up or better ordering online. Ali is amazing with everyone and gave me assurance through the whole process. They.....

Alauni Anjelina Misa
October 9, 2018

It was an okay Experience!

Danesh exchange Dandenong. By far the best rates going. Highly recommend these guys. Great customer service, easy to deal with and great communication......

Andrew Thomas
August 16, 2018

"Thanks for this great service"

Was recommended by my dentist as best and quality foreign currency exchange. Good rate and excellent customer service . Can recommend highly. Will never purchase.....

Kristy Shields
May 17, 2017

“Excellent Service”

They gave me the best rate and it was the highest rate in whole Dandenong suburb. Friendly staff and good customer service. Highly recommended......

James