Questions about changing currency at the Sydney Airport
Nov 3rd 2009, 3:38 am
#1
Forum Regular
Thread Starter
Joined: Nov 2007
Location: Sydney
Posts: 62
Questions about changing currency at the Sydney Airport
Hello,
I want to bring US dollars in cash to convert them to AU dollars.
Using the currency converter from Yahoo ( http://finance.yahoo.com/currency-co...D;amt=903.0976 ) I have seen that AU$ 1.000 = US$ 903
But if I want to change currency at the Sydney Airport I guess I would need to pay more.
What do you think that is more possible when you change currency in the Airport: US$ 923 for AU$ 1.000, or US$ 1.000 for AU$ 1.000 ?
Do you think that AU$ 1.000 is enough for living in Australia while you can withdraw funds from your bank account ?
Thank you from any response
I want to bring US dollars in cash to convert them to AU dollars.
Using the currency converter from Yahoo ( http://finance.yahoo.com/currency-co...D;amt=903.0976 ) I have seen that AU$ 1.000 = US$ 903
But if I want to change currency at the Sydney Airport I guess I would need to pay more.
What do you think that is more possible when you change currency in the Airport: US$ 923 for AU$ 1.000, or US$ 1.000 for AU$ 1.000 ?
Do you think that AU$ 1.000 is enough for living in Australia while you can withdraw funds from your bank account ?
Thank you from any response
Nov 3rd 2009, 4:25 am
#2
Has left the building
Joined: Mar 2007
Posts: 4,079
Re: Questions about changing currency at the Sydney Airport
Hello,
I want to bring US dollars in cash to convert them to AU dollars.
Using the currency converter from Yahoo ( http://finance.yahoo.com/currency-co...D;amt=903.0976 ) I have seen that AU$ 1.000 = US$ 903
But if I want to change currency at the Sydney Airport I guess I would need to pay more.
What do you think that is more possible when you change currency in the Airport: US$ 923 for AU$ 1.000, or US$ 1.000 for AU$ 1.000 ?
Do you think that AU$ 1.000 is enough for living in Australia while you can withdraw funds from your bank account ?
Thank you from any response
I want to bring US dollars in cash to convert them to AU dollars.
Using the currency converter from Yahoo ( http://finance.yahoo.com/currency-co...D;amt=903.0976 ) I have seen that AU$ 1.000 = US$ 903
But if I want to change currency at the Sydney Airport I guess I would need to pay more.
What do you think that is more possible when you change currency in the Airport: US$ 923 for AU$ 1.000, or US$ 1.000 for AU$ 1.000 ?
Do you think that AU$ 1.000 is enough for living in Australia while you can withdraw funds from your bank account ?
Thank you from any response
Nov 3rd 2009, 5:52 am
#3
Canuck/Aussie
Joined: May 2006
Location: BC, Canada
Posts: 4,547
Re: Questions about changing currency at the Sydney Airport
We exchanged money at the Syndey airport. We had exactly $350 dollars Canadian and exchanged it for Australian. That's all the cash we had, no idea why I didn't just do it before we left Canada!
You can be guarnateed you'll get the crappiest rate around if you exchange at the airport. If you can exchange at a bank before you go I would definitely do that. We probably managed a good week or two just by using our credit cards for everything and then cash when we couldn't. As long as you have alternate means of accessing money (credit cards or bank account) then you should be fine.
I'm not really sure what else to tell you. How long are you staying? Are you just visiting or will you be living and working here?
You've asked if $1,000 is enough (at least I think that's what you asked). It's hard to answer unless we know what you're doing in Australia and how long you'll be in the country.
You can be guarnateed you'll get the crappiest rate around if you exchange at the airport. If you can exchange at a bank before you go I would definitely do that. We probably managed a good week or two just by using our credit cards for everything and then cash when we couldn't. As long as you have alternate means of accessing money (credit cards or bank account) then you should be fine.
I'm not really sure what else to tell you. How long are you staying? Are you just visiting or will you be living and working here?
You've asked if $1,000 is enough (at least I think that's what you asked). It's hard to answer unless we know what you're doing in Australia and how long you'll be in the country.
Nov 3rd 2009, 6:15 am
#4
Joined: Jan 2005
Location: Asia Pacific
Posts: 4,922
Re: Questions about changing currency at the Sydney Airport
http://www.travelex.com.au/
Because thats who will end up changing your currency. Use those rates if you exchanging at the airport in Australia. Personally I would arrange this before you left, you'll no doubt get a better rate.
Because thats who will end up changing your currency. Use those rates if you exchanging at the airport in Australia. Personally I would arrange this before you left, you'll no doubt get a better rate.
Nov 3rd 2009, 6:26 am
#5
Canuck/Aussie
Joined: May 2006
Location: BC, Canada
Posts: 4,547
Re: Questions about changing currency at the Sydney Airport
Now that I see the name it was a Travelex we used to exchange money at the Sydney airport. They definitely have crappy rates and I would only use in case of emergency.
Nov 4th 2009, 12:13 am
#6
Forum Regular
Thread Starter
Joined: Nov 2007
Location: Sydney
Posts: 62
Re: Questions about changing currency at the Sydney Airport
http://www.travelex.com.au/
Because thats who will end up changing your currency. Use those rates if you exchanging at the airport in Australia. Personally I would arrange this before you left, you'll no doubt get a better rate.
Because thats who will end up changing your currency. Use those rates if you exchanging at the airport in Australia. Personally I would arrange this before you left, you'll no doubt get a better rate.
-------
I am puzzled. Travelex change US $ 877 for AU $ 1.000, and in Yahoo currency converter the exchange rate is US $ 900 for AU $ 1.000. I am puzzled because Travelex exchange rate should be higher not lower, for example US $ 1000 for AU $ 1000, because they would need to pay employees wages, etc with those US $ 100 (in this example US $ 1000 - US $ 900).
Last edited by lotr; Nov 4th 2009 at 12:18 am.
Nov 4th 2009, 12:27 am
#8
Canuck/Aussie
Joined: May 2006
Location: BC, Canada
Posts: 4,547
Re: Questions about changing currency at the Sydney Airport
I'm not really sure what you're asking or what you're having difficulty with.
The Travelex rates are terrible. You're always going to get a rate far worse than if you check the rates on the internet, because as you said they need to pay employes, pay for the location and make a bit of profit. For this reason the rates are lower (not higher). Travelex isn't a bank but they still have all the same expenses and if anything they make their profit solely off of the exchange rate rather than the banks who make profit off of lots of other things as well.
The Travelex rates are terrible. You're always going to get a rate far worse than if you check the rates on the internet, because as you said they need to pay employes, pay for the location and make a bit of profit. For this reason the rates are lower (not higher). Travelex isn't a bank but they still have all the same expenses and if anything they make their profit solely off of the exchange rate rather than the banks who make profit off of lots of other things as well.
Nov 4th 2009, 12:40 am
#9
Forum Regular
Thread Starter
Joined: Nov 2007
Location: Sydney
Posts: 62
Re: Questions about changing currency at the Sydney Airport
I'm not really sure what you're asking or what you're having difficulty with.
The Travelex rates are terrible. You're always going to get a rate far worse than if you check the rates on the internet, because as you said they need to pay employes, pay for the location and make a bit of profit. For this reason the rates are lower (not higher). Travelex isn't a bank but they still have all the same expenses and if anything they make their profit solely off of the exchange rate rather than the banks who make profit off of lots of other things as well.
The Travelex rates are terrible. You're always going to get a rate far worse than if you check the rates on the internet, because as you said they need to pay employes, pay for the location and make a bit of profit. For this reason the rates are lower (not higher). Travelex isn't a bank but they still have all the same expenses and if anything they make their profit solely off of the exchange rate rather than the banks who make profit off of lots of other things as well.
I guess I will change very few money (for taxis, food, etc) at the airport and I will carry the rest of the money in US dollars.
BTW: Do you know a place in Sydney where the exchange rate is better ? Thank you !!!
Nov 4th 2009, 12:48 am
#10
Forum Regular
Thread Starter
Joined: Nov 2007
Location: Sydney
Posts: 62
Re: Questions about changing currency at the Sydney Airport
We exchanged money at the Syndey airport. We had exactly $350 dollars Canadian and exchanged it for Australian. That's all the cash we had, no idea why I didn't just do it before we left Canada!
You can be guarnateed you'll get the crappiest rate around if you exchange at the airport. If you can exchange at a bank before you go I would definitely do that. We probably managed a good week or two just by using our credit cards for everything and then cash when we couldn't. As long as you have alternate means of accessing money (credit cards or bank account) then you should be fine.
I'm not really sure what else to tell you. How long are you staying? Are you just visiting or will you be living and working here?
You've asked if $1,000 is enough (at least I think that's what you asked). It's hard to answer unless we know what you're doing in Australia and how long you'll be in the country.
You can be guarnateed you'll get the crappiest rate around if you exchange at the airport. If you can exchange at a bank before you go I would definitely do that. We probably managed a good week or two just by using our credit cards for everything and then cash when we couldn't. As long as you have alternate means of accessing money (credit cards or bank account) then you should be fine.
I'm not really sure what else to tell you. How long are you staying? Are you just visiting or will you be living and working here?
You've asked if $1,000 is enough (at least I think that's what you asked). It's hard to answer unless we know what you're doing in Australia and how long you'll be in the country.
