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Melbourne Currency & Banking

Branches of national, state, and some foreign banks can be found in the central business districts of Australia’s state capitals. Most small towns will often have at least one branch of a major Australian bank. Banks generally offer the best exchange rates but money can also be changed at bureaux de changes, large departmental stores, and hotels.

Banking trading hours are from 9:30 a.m. to 4 p.m. Mondays to Thursdays and from 9:30 a.m. to 5 p.m. on Fridays. Major city banks are often open from 8:30 a.m. to 5 p.m. on weekdays.

Exchange rates:
Australian dollars per US dollar:
1.39 (2008)
1.41 (2007)
1.14 (2006)

The Australian dollar – coins (five, 10, 20, and 50 cent, and one and two dollar denominations); notes (five, 10, 20, 50, 100 dollar denominations).

Banks and Currency Exchange Outlets are open Monday to Thursday from 9.30am to 4pm, and Friday 9.30am to 5pm, although some branches in the central business district are open longer hours. Automatic teller machines are found throughout the city, and give cash advances on credit cards. Foreign currency and travelers’ checks can be exchanged at banks or dedicated exchanges including Thomas Cook, American Express, Travelex, The Change Group and other outlets.


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