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  Crown Currency Exchange and Kings Currency Services  
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Travel Masters


When it comes to Australian Foreign Exchange look no further than Crown and Kings Currency Exchanges....
         ....for all your holiday money needs.


Our Currency Exchanges offer the best Australian Exchange Rates all day every day! We also keep on hand stocks of more exotic currencies such as Egyptian Pounds, Turkish Lira, South Pacific Francs and Argentinian Pesos, to name a few of the over sixty currencies we carry.

We operate ten foreign exchange offices in Queensland - five on the Gold Coast and four in Brisbane - Aspley, Carindale, Toowong & Indooroopilly.  In addition we offer a weekly currency service to Toowoomba.

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.

We offer the very best rates for international money transfers.  There are no fees or commission where the international money transfer amount is over AUD3,000.00.   Call our IMT specialist direct on 07 5504 5019 or 0457 008 885 or email

Our consultants are dedicated to providing outstanding service to all travellers, providing competitive foreign exchange rates on currency purchases and sales, phone cards and travel insurance. 

We 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.

We also sell the Multi-currency Cash Passport™ prepaid MasterCard. Card rates are dearer than cash, however, these cards have their place. Ask our consultants for details to help determine of a card is part of your need.

Check out our Mackay Airport location at Mackay (FREE AIRPORT PARKING), Brisbane locations in Aspley | Carindale | Indooroopilly | Toowong, and Gold Coast locations in Broadbeach (Pac Fair) | Harbour Town | Southport | Coolangatta | Surfers Paradise

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Click here to view Crown Currency locations

Click here to view Crown Currency locations

Click here to view Crown Currency locations

Click here to view Crown Currency locations


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.


Don't Pay Commissions in Money Exchanges

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!

Why Cash is King

International travellers looking to drive their dollar further should stick to cash, so long as they feel confident about their personal security. Some destinations are safer than others. How you feel about a particular place is a personal decision.

These days there are several options available for transporting foreign cash needs. Traveller's cheques have long been popular because of their security. Of course, the rate is worse than that for cash because there is clerical time required to issue them and because there is that element of security. Recently there are reports that people have difficulty cashing them in some countries.

Another reason why traveller's cheques are losing their appeal is due to the emergence of what is known as cash passport. These are Visa cards onto which a foreign currency is loaded.

For example, if you are visiting Europe, you may load the card with EUR5,000.00. You then may use the card as a debit card in Europe or make cash withdrawals from ATMs. However, there are fees for those withdrawals.

There is the obvious benefit of security, at a price. Once again, the rates you receive when purchasing a cash passport usually aren't as good as cash rates.

Most people seem to travel with cash and traveller's cheques or the cash passport, where the trip is longer than two weeks. For shorter trips, most seem to opt for cash, confident of their own security and using discrimination to avoid being downtown or the red light areas, or in a back alley, after dark.

There is no doubt that cash is the cheapest option, provided you have a good rate from your foreign exchange shop and there are no commission or fees charged, hidden or otherwise.

Remember: Always ask about any hidden costs, before you buy or sell. The disclosure about commission or fees being charged is always in small print!

Special Rates For Seniors

Hiding your age can work against you at the money exchange! Seniors should be sure to disclose their age, as often, there are special deals available just for you.

Money changers should offer seniors a better rate than the one displayed on the rate board. However, it is not generally volunteered. Simply ask if there is a discount rate for seniors. If not, find a new shop!

The savings available, especially where there are several currencies involved, can be significant. Be sure to ask, as you have earned this special consideration.

Here is another tip. Some money changers also sell travel insurance. The sale of all insurance products generates a commission for the seller. Again, the money changer should offer seniors a sizeable discount from the commission otherwise received.

I want also to alert you to another potential pitfall. Be sure to read the fine print in the insurance document, as not all policies are the same. Things like exclusions and restricted coverage may be the reason why a particular product is cheaper up front than another. You need to decide what level of risk you want to assume before you settle on a particular travel insurance product.

All the relevant information should be available at the point of sale (in the insurer's documents) or on the home page of the insurer. The retailer, however, generally is not licensed to give you advice on any product.

So, as a senior, expect a discounted rate and no fees or commission or hidden charge on your foreign currency dealings. And, if a travel insurance product meets your needs, again expect a discount on its cost.

If you forget, change only a few dollars at the airport (home or foreign) and look for a dealer near your resort or final destination.

Web Surfing for a Good Money Changer

Savvy travellers go Web Surfing to find a Good Money Changer.

Regardless of whether you're looking on the Internet, reading ads or following a recommendation, there are only a handful of hallmarks for a good money changer. These include:

Favourable rates;
Convenient trading hours;
as well as the most important of all...
The absence of fees, commission, or supposed "taxes."

In this exciting time of Internet wizardry, you can do all the research you need "on the Net."

Banks and larger corporations will display their rates, but they will charge fees and their rates aren't generally the best available. Yet, the fact is, even the most reputable money changer will not necessarily display rates, except at their facility.

What you want to do is to compare rates by either calling, coming in, or requesting a rate from the money changer's home page. This is all a part of keeping the rates competitive for you and is actually a service. And when requested, any trustworthy money changer will be happy to share their rate with you and confirm the absence of any fees or commission or hidden costs.

1001 Arabian Nightmares

Pardon the play on this famous work. I thought of it when I spoke to a tourist from the middle east this year.

It's not easy for someone from those parts of the globe to find Australian dollars in their homeland. But, most people know that everyone, anywhere in the world, wherever they travel, will take the US dollar. So, many people change their local currency for US dollars and this cost is anywhere from 4 - 10%.

This man from the Middle East, like many of his compatriots, arrived in Australia and had to change the US dollars into AUD. In our shops, this costs him approximately another 3% above the market rate. And, if he's unfortunate enough to change at the airport it could be up to 10% with fees or commission. If he happens upon a money changer away from the airport who also charges fees or commission, he is again much worse off.

This double whammy effect can be avoided easily. If my friend from the Middle East had brought his native currency, I could have changed it straight into AUD. When I asked him why he had brought USD instead of his native currency, he told me that he was concerned that no one in Australia would take the well-known Middle Eastern currencies. But of course we would.

And we would have traded his money with no commission, no fees, and the best rates. Each year, we see thousands of visitors from the Middle East (more than 1001!) and mostly their currency transactions are in USD and are costing them more than they should be paying, often double.

This can happen to you if you travel to a country without buying its currency before you leave. A well-trained foreign currency consultant should be able to tell you what to take with you no matter where you travel. A well-founded money exchanger should deal in about 50 currencies, including many exotic ones.

Of course, there are some regimes whose currencies are not commonly traded or available. That usually tells you something about the risks of travelling in those places. Always check with your travel agent or on the Internet for any warnings.

So here's the moral of this story: Avoid paying twice for currency exchange. Bring your native currency straight to a reputable money changer here in Australia. Look for an operator who does not charge commission or fees, even when disguised as a "tax."

In Australia, I advise my clients to ask for the currency required at their destination before they step onto the boarding ramp! This saves money and disappointment at the other end.

However, don't forget to also take at least enough cash for stopovers. It's always nice to be able to buy something refreshing in a stopover without incurring Card fees or having to change some of your destination cash into a third currency to buy a coffee.

Check out my other videos for important tips on handing your money wisely and travelling safely.

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