Currency Exchange Tips

Navigating the world of currency exchange can be challenging, especially when traveling abroad or engaging in international transactions. At Ariana Exchange, we understand that effectively managing your currency exchange needs is crucial for getting the best value for your money. By following the right strategies, you can save both time and money, allowing you to enjoy your travels or business dealings without the stress of unfavourable rates or hidden fees. Here are 5 tips to consider when buying currency for travel:

people are exchanging money

Compare Rates

Always compare exchange rates from various sources, including banks, exchange services, and online platforms. Specialized currency exchange businesses like Ariana Exchange often provide more competitive rates than banks, hotels, and other providers. You might be surprised at the differences in quotes you receive with just a few phone calls. Last but not least, always ask if the currency exchange can price match or beat a better rate you already have. 

Avoid Airport Exchanges

Rates at airports are typically less favourable due to higher operational costs and a lack of competition, especially for last-minute travellers. To get a better deal, plan ahead and exchange your currency before traveling.

Choose Fee-Free Exchanges

Currency exchange businesses may charge fees in two ways: a fixed fee and/or a spread between the global rate and the rate they offer. While a spread is unavoidable due to margin and shipping costs, a money exchange that waives fixed fees usually has more competitive rates, giving you more value for your money.

Watch for Hidden Fees

Be mindful of hidden fees that can impact the amount you receive. These often come in the form of spreads between buying and selling rates. For example, if two exchanges charge $0 fees but one has a 2% spread and the other a 6%, the differences can be significant. In a $10,000 transaction, a seemingly small difference can result in up to $600 loss!

Ask for Net Amounts

When shopping for currency exchange, always inquire about the final amount of foreign currency you’ll receive after all fees are considered. This helps eliminate confusion over hidden fees and ensures you make a well-informed decision about where to get the best value.

ariana exchange tips for exchange money

International Travel Tips

Check Passport and Visa Requirements

Ensure your passport is valid for at least six months beyond your travel dates. It’s essential to research whether you need a visa for your destination, as requirements can vary widely by country. Apply for any necessary visas well in advance to avoid last-minute issues.

Purchase Travel Insurance

Consider investing in comprehensive travel insurance that covers medical emergencies, trip cancellations, and lost belongings. Having travel insurance provides peace of mind and financial protection during your travels, ensuring you are prepared for unexpected events.

Carry Local Currency

It’s a good idea to have some local currency on hand for small purchases, tips, or emergencies, as not all places accept credit or debit cards. Research the best places to exchange money to avoid high fees and consider using specialised currency providers like Ariana Exchange to experience a faster, cheaper, and more convenient service before you travel.

Stay Connected

To ensure reliable communication while abroad, consider getting a local SIM card or an international phone plan. This will help you navigate your surroundings, stay in touch with family, and access essential travel apps without relying solely on Wi-Fi.

Keep Copies of Important Documents

Make photocopies of your passport, visa, and travel itinerary, and store them separately from the originals. This simple step can save you a lot of trouble in case of loss or theft, making it easier to report and replace your important documents.

Know Emergency Contacts

Familiarize yourself with local emergency numbers and the location of your country’s embassy or consulate. This information is crucial in case you need assistance while abroad, whether for medical emergencies or other urgent situations.

Pack Smart

When preparing for your trip, focus on bringing versatile clothing and essential items. Choose clothing that can be easily layered and mixed and matched to suit different occasions and weather conditions. Always check the weather forecast for your destination to pack appropriately, ensuring you have the right gear for any situation, whether it’s rain, heat, or cold.

exchange rate

How to exchange currency with us

Selling your foreign Currency

Contact Us

Call or visit us to inquire about rates and availability.

KYC Verification

Complete our Know Your Customer (KYC) process by providing your driver’s license or passport.

Bring in Currency

Visit our store with your currency.

Get Paid

We will exchange your currency for Australian dollars on the spot.

Buying your foreign Currency

Contact Us for buying Currency

Call to check availability of the currency you wish to buy.

KYC Verification

Complete our Know Your Customer (KYC) process by providing your driver’s license or passport.

In-Store Pickup

If we have the currency in stock, visit our store to pay in cash and pick it up.

Order pickup

For larger orders or if the currency is unavailable at the time of inquiry, place an order and transfer the funds to our account.

We will notify you when your order is ready for pickup.

Order Fulfillment

Orders typically take 2-3 business days to arrive in-store.

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