Currency Exchange
Say hello to hassle-free foreign exchange. Discover unbeatable rates and reliable support with Cash Train today.
Why choose Cash Train for currency exchange?
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Definition & Features
Exchange rate
The specific rate at which one currency can be exchanged for another.
Commission
A fee charged by some exchange providers charges for their services.
Sell rates
The rates at which you sell your foreign currency in exchange for local currency e.g. AUD to USD.
Buy rates
The rates at which a provider buys your foreign currency to exchange it for local currency e.g. USD to AUD.
Mid market rate
The average exchange rate between the buying and selling prices of two currencies. It's often the fairest rate you can get and used as a benchmark for currency exchange.
Frequently Asked Questions
How does currency exchange work?
Foreign currency exchange involves converting one currency into another currency at an agreed-upon exchange rate.
Customers can convert their Australian dollars or international money by bringing it into any Cash Train store, where our experts will facilitate the transaction process swiftly and securely.
What is an exchange rate?
An exchange rate determines how much of one currency you can get for another. For example, if the rate is 2 Australian dollars to 1 British pound, you can swap 2 AUD for 1 GBP, or vice versa. Just remember, exchange rates are subject to change and can be influenced by market demand, as well as political and economic events around the world.
Why should I exchange foreign currency before travelling abroad?
When travelling internationally, you'll need the local currency to pay for purchases, services, and other expenses. Exchanging currency ahead of time ensures you'll have cash on hand as soon as you arrive.
Can I sell you my foreign currency?
Yes, you can! If you've returned home with leftover foreign currency, you can sell it back to us for the good old Aussie Dollar. Simply visit your nearest Cash Train branch. Whether it's a couple of euros or US bank notes, just make sure they’re in good condition — no rips or sticky tape, please.
When should I exchange my money for my holiday?
It's best not to wait! Last-minute exchanges can leave you at the mercy of the market or, worse, expensive airport exchange rates. Start monitoring rates as soon as you book your trip to snag the best deal. Keep in mind, it might also take a few days for us to get your currency ready.
Why shouldn't you exchange money in the airport?
Airport exchange rates are often higher because they know travellers need funds quickly. It’s usually cheaper to exchange money in Australia before you leave to avoid additional fees and ensure you get the best deal possible.
Is there a good time to convert my money?
While predicting exact currency conversion rates is tricky, checking historical rates can help.
Do I have to be over 18 years of age to buy foreign currency?
No, as long as you complete our ID process, we're happy to help with your travel money needs.
What currencies do you exchange?
We exchange most major currencies, including but not limited to:
- USD
- EUR
- GBP
- CAD
- NZD
- SGD
- HKD
- THB
- JPY
- CHY
Additional currencies are available upon request, contact your nearest branch for current rates and additional information.