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Founded in 2008 Sydney, New South Wales, RedRate Exchange has grown into a leading foreign exchange firm with 20 branches across New South Wales, Australian Capital Territory, Victoria, and Western Australia. Headquartered in Sydney, we offer a wide range of currencies and denominations, supported by a team of experienced professionals dedicated to providing top-tier service and competitive exchange rates.
At RedRate, professionalism is our hallmark. We offer a diverse selection of currencies at each branch, ensuring we meet your needs with precision.
Registered with AUSTRAC and regulated by ASIC, we adhere to strict standards for privacy, anti-money laundering, and counter-terrorism financing, ensuring secure and trustworthy transactions.
At RedRate, we aim to be your trusted currency exchange partner, serving individuals and corporations with integrity.
With a nationwide network of stores across Australia, RedRate makes currency collection seamless and convenient.
Join us and be part of a growing network committed to delivering exceptional value to customers across Australia.
Looking for the best places to exchange currency in Melbourne? You’re not alone. Both locals and international travellers often need to convert Australian dollars into popular foreign currencies like USD, JPY, or NZD — and vice versa.
Whether you’re preparing for an overseas trip or just landed in Melbourne with cash to exchange, choosing a trustworthy money exchange provider is key to getting great rates and avoiding unnecessary fees.
In this guide, we’ll highlight some of the most reliable currency exchange options in Melbourne’s CBD, along with practical tips to help you make the most of your money.
Before exchanging money, check the true value of your home currency. The mid-market rate is the benchmark banks use when trading currencies on the global market.
Use an online currency converter to see the real mid-market rate, then compare it with the rate offered at the exchange counter. This helps you know whether you’re getting a fair deal.
Currency exchange services at airports and hotels usually offer less favorable rates. Only use them for small, urgent transactions when you have no other option.
If you prefer in-person service and instant cash exchange, visiting a local currency exchange shop is a great choice. Many trusted providers in Melbourne’s CBD and shopping centres offer competitive rates and quick service. Redrate Exchange, with multiple locations across Melbourne, is known for offering excellent exchange rates and friendly customer support. You can compare rates on the spot, ask questions directly, and complete your exchange within minutes — perfect for travellers who value convenience and personal assistance.
You can check the exchange rate shown on Google, but keep in mind that this is only a reference rate (mid-market rate) — the rate used between banks and not the same as cash exchange or remittance rates.
If you’d like to track the actual rate for your preferred currency, you can use our Rate Tracker. Once your ideal rate is reached, you’ll know it’s the perfect time to exchange and get the best value for your money.
Let’s explore the 7 best exchange services in Melbourne:
| # | Exchange Service | Phone number | Location |
|---|---|---|---|
| 1 | RedRate | 03 9086 9885 | Shop 2/222 Russell St, Melbourne, VIC 3000 |
| 2 | S Money | 1300 501 080 | 44 Spencer St, Melbourne VIC 3000 |
| 3 | Crown Currency Exchange | 1300 392 426 | 45 Elizabeth St, Melbourne VIC 3000 |
| 4 | Travelex | 1800 440 039 | 102 Elizabeth St, Melbourne VIC 3000 |
| 5 | Travel Money Oz | 1300 426 997 | 108 Elizabeth St, Melbourne VIC 3000 |
| 6 | WeXchange | 0405 579 998 | Shop 6/80 Collins St, Melbourne VIC 3000 |
| 7 | Raffles Forex | 03 9614 5004 | 35 Elizabeth St, Melbourne VIC 3000 |
No hidden fees, just the best rates.
With RedRate, you know you’ll always get the best rate — fast and transparent.
If you’re looking for the best place to exchange currency in Melbourne, RedRate Exchange is one of the most trusted and convenient options.
Located in the heart of the Melbourne CBD, RedRate offers competitive exchange rates, no service fees, and quick cash pick-up—often within 24 hours.
With a wide selection of major and exotic currencies in stock, RedRate provides one of the most efficient and transparent services for currency exchange in Melbourne.
Locations
RedRate operates three branches across Melbourne.
Use the RedRate Store Locator to find the branch nearest to you.
Phone Number
Visit the official RedRate Melbourne page for contact numbers for each branch.
Opening Hours
All RedRate stores are open on weekends.
Please check the individual branch listings on the Melbourne RedRate page for detailed opening hours.
S Money is an online service where you can order on the website and pick it up at its Melbourne CBD branch in Circular Quay. With transparent rates and no hidden fees, it’s a simple and convenient option for you.
Crown Currency Exchange has branches across Melbourne and nearby suburbs, from Melbourne CBD to Forest Hill. With convenient walk-in service and extended trading hours on weekends, it’s an accessible option for exchanging cash in Melbourne.
Travelex is a well-known global brand with 13 branches in Melbourne CBD and at the airport, making it a convenient choice for your last-minute currency needs.
Travel Money Oz, backed by Flight Centre, aims to make currency exchange in Melbourne simple and accessible.
WeXchange Exchange is a small, independent currency exchange shop located in Melbourne CBD, so it is easy to reach for anyone in the city centre.
Raffles Forex Exchange is a small, independent currency exchange shop located in Melbourne CBD, so it is easy to reach for anyone in the city centre.
Melbourne CBD is the go-to spot for currency exchange, with plenty of options to suit every need. Whether you’re a tourist visiting Federation Square, an office worker in Docklands, a shopper at Bourke Street Mall, or exploring Chinatown for authentic eats, there’s a convenient exchange nearby.
Perfect for tourists checking out Flinders Street Station and Federation Square, with easy access to exchange counters near major attractions.
Ideal for busy office workers, with fast and convenient currency exchange just steps from business centers.
Shop till you drop and compare rates at multiple exchange providers in the heart of Melbourne’s shopping district.
With multilingual staff and lots of authentic restaurants, Chinatown makes currency exchange easy for Asian visitors.
For those on the move, exchange currency conveniently while commuting or catching a train at Southern Cross Station.
Currency exchange Melbourne Airport is designed for convenience, so it works well if you only need a small amount of AUD to pay for a taxi, train, or coffee after arrival. Exchange counters are located in both domestic and international terminals, saving you time and effort.
The limitation is that rates and fees at airports are usually less competitive. If you want to exchange larger amount of currency at Melbourne Airport, you may end up paying higher fees, so it’s better to wait until you reach the CBD.
A good strategy of currency exchange Melbourne is to change just enough at Melbourne Airport for immediate purposes, and then handle the rest of your exchange in the CBD.
Since there are many options available, it is difficult to choose the best exchange place in Melbourne. Here are some factors you should consider before trading:
In addition to rates and fees, it’s worth checking customer reviews on Google maps or asking locals for recommendations.
A currency exchange service in Melbourne with clear rates and no hidden fees makes it easier to budget your trip. Reliable service also reduces the risk of mistakes or misunderstandings during the transaction, giving both locals and visitors greater confidence when managing their cash.
When it comes to reliable currency exchange in Melbourne, RedRate Exchange stands out as one of the city’s most trusted providers. With over 17 years of industry experience and three conveniently located branches in Melbourne CBD, RedRate consistently delivers competitive exchange rates with no hidden fees—often outperforming many airport and bank counters. It’s the go-to choice for both travellers and locals seeking a fast, transparent, and stress-free money exchange service.
How It Works:
1️⃣ Place your order online securely through the RedRate Exchange platform.
2️⃣ Choose your preferred pick-up location and date—such as one of the easy-to-access currency exchange branches in Melbourne CBD.
3️⃣ Collect your foreign cash, typically available within 24 hours.
With access to over 80 global currencies, RedRate combines value, speed, and convenience. Its intuitive online ordering system and multiple Melbourne CBD locations make exchanging money simple and efficient—ensuring you always get the best exchange rate in Melbourne.
It’s possible, but not ideal. These places usually charge higher fees and offer poorer currency exchange Melbourne airport rates, so you’ll get less value for your money.
Try not to. Each transaction comes with extra charges, so exchanging fewer times helps you save and avoid double conversion costs.
Check with your home bank to see if they partner with local banks in Australia to avoid extra charges—one of the most effective ways to reduce ATM fees Melbourne locals and visitors face. Also watch withdrawal fees and daily limits.
No. Always select AUD instead of your home currency. Choosing the local currency ensures more transparent rates and avoids hidden conversion costs.
Melbourne CBD offers more options for rate comparison, while Docklands is especially convenient for commuters and office workers who need quick, last-minute currency exchange. Try RedRate Exchange Melbourne City for fast, reliable service.
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