Buying US dollars (USD)

If you need US dollars for your next vacation, ordering foreign cash or buying a prepaid travel money card from Australia Post means accessing the funds required to make the most of your journey. Ready to find out more? Here, we discuss the best ways to buy US dollars for your trip to the United States while exploring several smart money-saving tips.

What currency is used in the United States?

The US dollar (USD) is the currency used in the United States. As the world’s primary reserve currency, its widespread acceptance and stability help keep the globe spinning. The USD dollar uses the currency code USD and the $ currency symbol.

Where can you buy US dollars (USD)? 

As the most-used currency in the world, buying US dollars before your trip is straightforward. Just head to a bank branch, a foreign exchange business or an online service like Australia Post to place an order. Don’t forget, each option has varying fees and exchange rates that might affect your budget when heading overseas.

How to buy USD in Australia

Buying USD in Australia is simple, with countless businesses around the country ready to exchange currency. While the process can differ slightly between options, these steps are usually what’s required to order foreign currency:

1. Have a valid photo ID, such as a driver’s license or a passport
2. Fund your purchase with cash, a debit card or a credit card
3. Specify the amount you need in US dollars and review how much it costs in Australian dollars (AUD)
4. Pay for the USD in Australian dollars and receive your money

How to buy US dollars online

You can streamline your purchase of USD by heading online with Australia Post. Work through these hassle-free steps to get the bucks you need ahead of your next adventure: 

1. Review our exchange rates, place your order online and choose a participating Post Office to collect your cash.
2. After you’ve placed an order, make payment via BPAY, Pay ID or credit card within 24 hours.
3. 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 USD?

Exchanging AUD for USD is easy if you’re located near a bank branch or a foreign exchange business. However, don’t forget you can purchase travel money online before you reach your departure date. Australia Post has 3,200+ participating Post Offices around the country ready to process your USD order.

Why choose a travel money card instead of cash?

It’s wise to carry a small amount of cash for emergencies, tips and the occasional vendor that won’t take your card. However, it’s quite rare to find a place that only accepts cash in the US, so getting a prepaid travel money card for your trip could add another layer of convenience. Here are some more reasons to make the switch:

Peace of mind: You don’t have to worry about your everyday bank accounts when using a prepaid travel money card, as they aren’t connected. You can also find some travel money cards with security features, such as protection against unauthorised transactions.

Budget supervision: As you choose how much money to put on your prepaid travel money card, staying on top of your spending is easier. Though everyone needs a splurge from time to time, this can help you avoid impulse purchases during your trip.

Locked-in exchange rates: Only spending cash means you’re at the whims of constantly shifting exchange rates. You lock in the rate when you add funds to your prepaid travel money card, so it’s possible to secure a great deal.

Trackable spending: Between delicious dining, unforgettable sightseeing and everyday needs, losing sight of how much you’re spending is easy with cash. Instead, prepaid travel money cards keep track of your spending to help you stay in control of your budget.

What is the cheapest way to buy USD in Australia?

Shifting exchange rates means the cost of buying foreign cash always changes. Plus, you must consider the fees attached to each exchange service. However, some options tend to be cheaper than others when buying US dollars.

Placing an order online is often the best option for finding competitive exchange rates and low fees on currency conversion. Head to Australia Post’s easy-to-use currency converter to review the latest exchange rates and understand how much it costs to purchase USD today.

When is the best time to buy NZD in Australian dollars? 

The currency market is always moving, so there’s no way to predict the best time to buy USD for your overseas trip. However, sometimes the market swings in your favour, giving you access to competitive rates.

Money tips for a United States vacation

Touching down in the U.S. is a lifelong dream for countless travellers. If you’re preparing to make this ambition a reality, saving some money along the way is never a bad thing. Here are some quick tips to help you on your journey across the United States:

Remember sales tax: You might be surprised to discover sales tax isn’t usually included in the price when visiting shops across the U.S. As this rate varies between states and provinces, expect an extra cost to be added to your bill.

Know your tipping: The United States is certainly known for its tipping culture and you’ll want to get it right. If you have a sit-down meal, a 20% tip is standard when you receive good service, while 15-20% is expected for taxis and rideshares.

Carry some cash: While card payments are common in the United States, many smaller and rural businesses still prefer cash. Carrying small bills is also helpful for avoiding awkward situations when tipping hotel staff or taxi drivers.

Buy USD at Australia Post for your adventure

HExchanging AUD for USD is hassle-free at Australia Post. Head online to order foreign cash online or in-store at a participating Post Office. Alternatively, load a prepaid travel money card with all the currency you need to make your adventure a breeze.

FAQs - Buying USD