Travel insurance for students
Students have a unique opportunity to stretch their horizons, immerse in diverse cultures, and forge lifelong connections. It can even be done on a student budget – and it’s so worth it.
A trip to Canada offers the chance to experience incredible outdoor adventures, dynamic cities and natural beauty, from iconic waterfalls to soaring mountains. To help you focus more on your travels and less on travel admin, organising foreign currency before you go could be a game-changer.
Fortunately, Australia Post makes it easy to order foreign cash or purchase a prepaid travel money card to help you acquire the right funds for your trip. Find out all you need to know about this straightforward process and get ready to enjoy a stunning Canadian expedition.
What currency is used in Canada?
Canada’s official currency is the Canadian dollar, which uses the currency code CAD and the currency symbol, $. Once you get your hands on the country’s colourful banknotes, you might notice how all wording appears in English and French, representing both of Canada’s official languages.
Where can you buy Canadian dollars (CAD)?
As a common travel destination, purchasing local currency for your Canada trip should be hassle-free. With bank branches, currency exchange businesses and online services like Australia Post, a suitable option is likely within reach. However, as each service has differing fees and exchange rates, researching the best place to buy Canadian dollars helps you get maximum value for money.
How to buy Canadian dollars in Australia
Finding a place to purchase Canadian dollars in Australia is usually simple. Yet the process for getting money can differ from one service to the next. These are the basic steps required to buy CAD:
- Have a valid photo ID, such as a driver’s license or a passport
- Fund your purchase with cash, a debit card or a credit card
- Specify the amount you need in Canadian dollars and review how much it costs in Australian dollars (AUD)
- Pay for the CAD in Australian dollars and receive your money
How to buy CAD online
While there’s no shortage of options for buying Canadian dollars in person, you could save time and money by purchasing online with Australia Post. Follow these simple steps to exchange your money for CAD ahead of your trip:
- Review our exchange rates, place your order online and choose a participating Post Office to collect your cash.
- After you’ve placed an order, make payment via BPAY, Pay ID or credit card within 24 hours.
- We'll confirm when your cash is ready. You'll have a week to collect it from your chosen Post Office. Remember to bring your receipt and photo ID.
Where can I exchange AUD for CAD?
Exchanging AUD for CAD is possible in almost every part of Australia, with bank branches and foreign exchange businesses ready to meet your needs. Another stellar option is Australia Post, as we have 3,200+ participating Post Offices around the country, where you can collect Canadian dollars for your trip.
Why choose a travel money card instead of cash?
While taking cash on your trip to Canada means having access to emergency funds when you need it most, sometimes spending with a prepaid travel money card can be even more convenient. These tips highlight how easy access to money elevates your journey across the Rockies and the European-like streets of Quebec.
Financial security: You won’t have to stress about your everyday bank accounts if your prepaid travel money card goes missing. These cards are separate from your accounts at home, so a lost or stolen physical card won’t expose the rest of your finances.
Budgeting clarity: Some people prefer the budget oversight of prepaid travel money cards. You choose how much CAD to load on your travel card, so you’ll know exactly how much you can spend and whether another splurge is a good idea.
Locked-in exchange rates: Withdrawing foreign cash several times overseas means you’ll encounter differing exchange rates and service fees. Instead, a prepaid travel money card offers a locked-in currency exchange rate, helping you forecast costs and stay on top of your expenses.
Trackable spending: If you’re keen to stick to a budget during your Canadian adventure, the ability to track every dollar is certainly worthwhile. Prepaid travel money cards have apps and online tools that make reviewing your purchase history a breeze.
What is the cheapest way to buy Canadian dollars in Australia?
Making every dollar count is wise when heading overseas. While every foreign exchange service has differing costs when buying Canadian dollars in Australia, making sure you avoid unnecessary expenses means you can spend more on your holiday.
Naturally, the cheapest option available will depend on your local area. However, online services like Australia Post are often the most affordable way to purchase foreign cash. Discover our exchange rates and order travel money using our helpful currency converter tool.
When is the best time to buy CAD in Australian dollars?
There’s no best time to purchase Canadian dollars, as global exchange rates vary. However, if you have time to spare before your trip, keeping an eye on the exchange rate could mean you spot a moment that works in your favour. With a prepaid travel money card, you can lock in competitive rates and get the funds you need for your adventure.
Useful money-saving tips for a Canadian holiday
Canada is an incredible destination, primed with stunning scenery and thrilling experiences. To help you get the most out of your trip without going over budget, these money-saving tips can make your journey even better.
Book in advance: Purchasing flights, accommodation and activities ahead of time is a smart decision if you want to reduce expenses. Use comparison services like Skyscanner and Google Hotels to find a great deal.
Use public transport: Getting around fascinating cities like Toronto and Vancouver is cheaper when you use public transport. Make the most of the extensive subway and light rail systems to reduce your travel expenses.
Discover free activities: Canada offers a wealth of free activities, with destinations like Stanley Park, St. Lawrence Market and Old Quebec offering a rewarding travel experience that won’t cost you a cent.
Use coupon books: Dave from Bakpakguide Canada suggests checking tourist information guides for coupons offering discounts on local food, attractions and transportation. It might be worthwhile picking one up at the airport, train station or a tourist info centre at the beginning of your trip.
Get Canadian dollars at Australia Post today
Buy Canadian dollars at Australia Post with our convenient foreign cash ordering service, available online and in-store at 3,200+ participating Post Offices.
You might find somewhere cheap to exchange AUD for CAD in Canada, but it’s often best to organise travel money before departure. Research your local options to see if you can find a great deal.
Many travellers purchase Canadian dollars in Australia to have emergency cash when arriving in Canada, especially if the exchange rate is favourable. However, you can top up funds whenever you need if you travel with a prepaid travel money card. Smartraveller advises that you must declare all amounts over $C10,000. This covers all forms of currency, not only cash.
Getting CAD from bank branches, foreign exchange businesses and online services all have pros and cons, meaning there’s no single best way to get travel money. By researching the options in your area, you’ll discover the best exchange rates and lowest fees.
Receiving your foreign cash order is usually quick, but it’s best not to leave your purchase until the last minute, as it might take several days to process. However, adding foreign currency to a travel card generally takes less than one business day.
Canada calling your name?
Get your travel money sorted with foreign cash in hand thanks to Australia Post. Order online and pick up in-store for secure and convenient currency, with competitive exchange rates on popular currencies.
Recommended travel articles
-
-
Cruise travel insurance
Cruises provide a relaxed and unique holiday experience but there is nothing more stressful than being unprepared for an unexpected event. Bask in the sun and enjoy added confidence on your holiday with cruise insurance.
-
Travel insurance for backpackers
Few experiences rival the liberating feeling of gathering your belongings into a backpack and embarking on what could be the adventure of a lifetime. The thrilling world of backpacking opens doors to unforgettable experiences, immersing yourself in different cultures and creating lasting memories that you will carry forever.
-
Skiing and snowboarding travel insurance
There’s nothing quite like the crisp mountain air and gliding down a freshly snow-covered slope. Regardless of experience level, embrace this thrill to the fullest with snow skiing, snowboarding and snowmobiling insurance that covers you while hitting the slopes.