How to save on foreign currency exchange

September 17 2019 - 7:00pm
Get in early: The ACCC inquiry found foreign cash is more expensive at airport locations than at other locations. When buying USD200 in February 2019, consumers could have saved AUD40 by purchasing from the cheapest supplier at a non-airport location, compared with the most expensive supplier at the airport.
Get in early: The ACCC inquiry found foreign cash is more expensive at airport locations than at other locations. When buying USD200 in February 2019, consumers could have saved AUD40 by purchasing from the cheapest supplier at a non-airport location, compared with the most expensive supplier at the airport.

Confusing pricing structures and a lack of robust competition is resulting in Australians paying too much for foreign currency conversion (FX) services, according to a new ACCC report.

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