Purchasing Foreign Currency

If you intend to take cash with you on your next trip and want the best rates, don’t go purchase your foreign currency from banks, Travelex or AusPost. They all take a commission. Instead go to the foreign exchange dealers. Where you’ll get a better deal on the rate minus the commission.

In Adelaide we have several very competitive exchanges: UAE Exchange (now Unimoni)*, FX Foreign Xchange, Worldex and First Eastern FX. They can all be very flexible. So check a few rates and go and negotiate.

Personally I’ve dealt with three of these but I know First Eastern FX is also highly recommended (contributor Peter Katsambis vouches for this). My first preference to buy and exchange foreign currency is FX Foreign Xchange.

Call them ahead of time to organise your currency needs. Money can be picked up from their office at: Executor Trustee Building, Level 2/22 Grenfell St, Adelaide. Their office number is: (08) 8221 6565.

If you require large amounts at good rates, get in touch with the Operations Director Amit on 0401 538 932. They also deliver to your home address, but ask about the delivery fee first if there is going to be one.

FX Foreign Xchange website: https://foreignxchange.com.au

FX Foreign Xchange also has a Facebook page: https://www.facebook.com/foreignxchange.au/.

Note: * Unimoni (ex-UAE Exchange) no longer exists. They were bought out by Crown Currency Exchange.