Best Way to Buy USD for Travel

samyall on 30/09/2022 - 08:23

I'm heading to the US and central America in a month and want to buy some USD now in case the rate gets worse.

What is the best way to do this? Cash at a Forex desk? Travel card of some sort?

Travel Currency Exchange

Comments

  • silenthillrocks on 30/09/2022 - 08:53
    +2

    Wise borderless acct or Revolut

  • Duckie2hh on 30/09/2022 - 09:38
    +1

    Citibank global currency card. Buy the USD at anytime you like (using live rates) and the USD will sit in your account until used/withdrawn through ATM.

    • RockyK9 on 04/10/2022 - 13:23

      What happens if NAB gets rid of the product following the citi acquisition? Would one be forced to convert back to AUD ?

    • ryefig on 13/10/2022 - 13:01

      I got the Westpac travel card which does the same. Good backup if NAB closes the product.

  • fullmetal on 30/09/2022 - 10:32
    -1

    Toilet paper as international currency.

    • USER DC on 30/09/2022 - 15:12

      Would have been better for Europe, for USA not really.

  • vodamerc on 30/09/2022 - 10:39
    +1

    Wise

    • activ8newbs on 30/09/2022 - 10:41

      How do you buy the currency in advance, on wise?

      • vodamerc on 30/09/2022 - 10:46

        You select the currency you want to top up to your account and then press add. Run through the steps

  • USER DC on 30/09/2022 - 10:50
    +2

    probably not the best time to be buying USD rn, its already so strong.

    • vodamerc on 30/09/2022 - 11:05

      Exactly, but retail will FOMO

    • LSGH on 30/09/2022 - 14:22

      no choice, OP is leaving next month

  • indomatic on 01/10/2022 - 07:30
    +1

    Same boat, should have started buying months ago.

    I'm going to wait until Tuesday for the RBA's next hike and hope we recover some ground before loading up.

  • cybapete on 14/10/2022 - 08:11

    you can buy foreign cash from selected australia post offices but you have to allow 2-3 days for it to arrive and the good news is there's no commission fees

    https://auspost.com.au/money-insurance/organise-travel-money…

    • jedimaster on 02/11/2022 - 11:54

      very bad rates though

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