Money Exchange Brisbane
Buying and Selling AUD Explained
At Value Currency Exchange, we understand that exchanging your Australian currency to or from other currencies can be quite confusing. We want to help take the bewilderment out of this to make it a simpler, less daunting experience for our customers to convert cash to or from AUD. The most important part of buying or selling currency is the exchange rate but for most customers, the challenge lies in understanding which rate to look at. Generally there will be at least two rates displayed- a sell rate and a buy rate.
Sell rate –This is the rate at which we (the merchant) sell foreign currency to you (the customer) in exchange for Australian dollars. For example, if you were travelling to Japan, you would exchange Australian dollars for Japanese Yen at the sell rate. You might also see this rate referred to as the “holiday” or “tourist” rate.
Buy rate – This is the rate at which we (the merchant) buy foreign currency back from you. For example, if you were returning home from Japan, we would exchange your Japanese Yen back into Australian dollars at the buy rate.
So why are they different? This is because, as merchants, we need to cover the cost of the services we provide (just the same as the supermarket putting a margin on your bread or meat) and also because- depending on what is happening in the market- there may be some risk involved in making the exchange. For example the currency may depreciate in value between the merchant buying it from you and selling it to someone else.
Our friendly team are here to help if you have any further questions.
If you’re happy with the rates and ready to place an order please click here.
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Friendly Staff, Quick Service. Highly Recommended!When I went into VCE, the staff were friendly and provided a quick and efficient service. They were very fast given I have a flight to catch and made it... read moreJack Moore6/06/2018
Value Currency Exchange charges no fees. On top of this their customer experience was superior and made me feel at ease. They explained things clearly. I was all sorted money wise before my big trip... read moreDale Sutherland6/05/2018
These guys are amazing! I travel a lot, several times a year and making sure I get bang for my buck and great service is really important. I definitely recommend popping in and seeing them.Paula Grant5/05/2018
My experience with Value Currency Exchange was second to none. I am about to go on holiday and needed euros for my trip. What I found at Value Currency Exchange was excellent customer service, competitive... read moreMatt O'Neill3/31/2018
I shopped around at quite a few places before deciding on Value Currency exchange for my European trip. They went well out of their way to make sure that I had everything I needed for... read moreKaren Robertson3/13/2018
Awesome staff and experience and super easy to deal with! The fact that I can book in a time to make the exchange, and the staff have the money ready when I arrive makes for... read moreNicholas Ford3/12/2018
Better rates than the banks! Wonderful customer service, extremely professional, and prompt – I got in and out in no time. Their location makes Value Currency Exchange very convenient, but they don’t just rely on... read moreRhiannon Pretty3/08/2018
Amazing customer service and exchange rates. Everyone was professional. The exchange rate for US dollars that david did for me were amazing. Everyone else were extremely kind and helpful as well. Honestly the best exchange... read moreJesyca Sirimanotham3/08/2018