I will be travelling to the states this coming Saturday the 20th August for 13weeks and had a question that I wanted to post to the brighter folk out there. I have been scouring the web for the best possible exchange rate, it appears that Trevelex provides the best buy rate @ 0.7537 as of the 17th August. I would like to exchange AU$2,000 which will give me about US$1,508 at this rate. However, the funny thing that I have noted is that if I exchange my aussie dollars at LAX airport on arrival, I will be able to exchange my AU$2,000 for US$1,719. (https://buy.travelex.com/us/Basket?currencyCode=AUD).
My question is this, does anyone know why there is this approx. $200 difference in doing the currecny exchange in either Australia or the USA? Obviously it would be better to do the exchange when I arrive in the states according to this info. But I could be wrong (which has been know to happen….if you talk to my wife).
Appreciate if anyone could answer this question.
Also before people question whether $2,000 will sustain me for 13weeks. I will be travelling with a 28 Degrees CC additionally work will be covering accomodation and car rental. So the $2k is sort of like in case I need cash money.