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.

How to calculate exchange rates

Exchange rates are influenced by banks and trading institutions and the volume of currency they are buying and selling at any given time. Currencies are traded (bought and sold) daily around the world.

One currency can be purchased by another currency through banking institutions or on the open market. The volumes of currencies traded are increased and decreased depending on the attractiveness of any particular currency, which depends on a multitude of factors such as political stability, economic strength, government debt and fiscal policy among others.

Government central banks also have the ability to set a currency at a constant price through a method called pegging, which essentially tethers the value of one currency to another. The value (or price) of a currency is determined by its traded volume. If a currency is competitively priced, traders will buy the currency, essentially driving up its value. If a currency is not competitively priced, traders may avoid buying, or even sell it, essentially driving down its value.

Why do exchange rates change?

The exchange rates of the world’s currencies constantly move up and down against each other based on supply and demand. The more in demand a currency is, the higher its price will be. Changes in the foreign exchange market can be caused by this supply and demand, as well as by political and economic events.

Currency Jargon Explained

Sell rate

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Buy rate

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Spot rate

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Cross rate

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Commision

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Dedicated support

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Frequentaly Asked Questions!

How does Post Office Delivery works?

A flat fee of $9.99 applies to orders collected at Australia Post stores.

How much does it cost?

A flat fee of $9.99 applies to orders collected at Australia Post stores.

How does Post Office Delivery works?

A flat fee of $9.99 applies to orders collected at Australia Post stores.

How does Post Office Delivery works?

A flat fee of $9.99 applies to orders collected at Australia Post stores.

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
September 20, 2019

"recommended by my dentist"

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
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
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