Disclaimer: Crown Currency Exchange (a trading arm of Kings Currency Exchange Pty Ltd) is a wholly owned and operated Australian business. It has no connections whatsoever with a business named Crown Currency Exchange in U.K.
When it comes to Foreign Exchange look no further than Crown and Kings Currency Exchanges....for all your holiday money needs.
SPECIAL RATES FOR ALL SENIORS
Our Currency Exchanges offer the best Australian Exchange Rates all day every day!
We operate five Foreign Exchange offices in Queensland - three on the Gold Coast and two in Brisbane - Toowong & Indooroopilly.
Please come in and see our friendly, experienced staff for all your money exchange needs. In addition to the major currencies, we also keep on hand stocks of more exotic currencies such as Egyptian Pounds and Argentinian Pesos.
Our staff are dedicated to providing outstanding service to all travellers, providing competitive foreign exchange rates on Currency Purchases and Sales, Travellers Cheques, Phone Cards and Travel Insurance. Please note that we no longer issue Moneygrams at any of our locations.
Senior Travellers - contact us to find out about seniors discountsWe specialise in assisting the senior traveller. Coupled with our "no fee" policy, we are able to offer suggestions as to the appropriate currencies required and general travel tips, together with supplying products such as phone cards, travel insurance etc.
As I often explain, the AUS exchange rates you hear quoted in news reports refer to the rates between countries or the market rate.
Banks and others who deal in huge volumes of currency, pay a little more than the market rate.
For example, if the market rate for the USD against the AUD is .88, the wholesaler might only receive .8795 cents for one AUD.
Next in the chain is the retailer who may only receive USD.8750 for one AUD.
The consumer may only receive .8725cents for his one AUD.
This margin is how the money exchanger makes money. What cannot be sold to other customers is sold to wholesalers. Margins vary from one retail exchanger to the next but those margins are adequate to allow a profit.
Charging a fee or commission is icing on the cake and amounts to nothing more than loading the rate to a greater or lesser extent. And, if you're exchanging a lot of money or buying several currencies, the total fees become an unnecessary burden.
Retailers are required to disclose that they are charging a commission or fee. It's always in the small print! When at the window, always ask if there is a fee or commission. If there is, look for another exchange shop. However, make sure the rates remain competitive.
Remember, when buying foreign currency, the higher the rate, the better. It means that you are receiving more of the foreign currency per dollar than you would if the quoted rate is lower.
When selling foreign currency, you want the rate as low as possible.
All retailers are happy to buy back what you don't spend, although usually not coinage.
The golden rule: Don't pay fees or commission on foreign exchange transactions. Check the small print!
Contact us at http://www.crowncurrency.com.au/contactus.html
Get a free quote at http://www.crowncurrency.com.au/quote.html