The Australian Dollar buy back rates below were last updated 6 minutes ago
The Australian Dollar is one of the most common currencies brought back to the UK. As holidays in Australia tend to be for longer periods of time, most of us tend to take too much currency with us and end up bringing some back. If you’re in this situation; don’t go to the bank – you could save a fortune by selling them back online to a licenced currency broker who will offer you a much better deal than anyone on the high street. We’ve taken the hassle out of finding the best Australian Dollar buy back deals by comparing the UK’s top buyers in one place so you can see in an instant who can offer you the most cash for your currency.
Unlike when you buy Australian Dollars, there are often some restrictions on how and who you can sell them back to. Some currency suppliers such as the Post Office will only buy back Australian Dollars that they originally sold you in the first place (and you’ll need to show them your receipt as proof), while other suppliers won’t buy back currency at all, or will charge you a buyback fee for the privilege of accepting your order.
Fortunately there are a growing number of FCA licenced currency suppliers who are snapping up unwanted Australian Dollars sold to them over the internet. They are able to buy them at much better rates than the high street because their overheads are much lower and they pass these savings on to you. They don’t have to pay expensive high street letting rates and they can sell the currency they buy from you straight on to another customer – cutting out the middlemen (the banks) and giving you a better deal. You’ll get the best Australian Dollar buy back rates by selling online – but don’t just take our word for it. Compare Australian Dollar buyback rates now using our unique comparison table above and see how much you could save.
There are three easy steps to selling your currency back online. All of these instructions will be explained to you as you go along and we'll also email you further instructions on what to do after you've placed your order.
Enter the amount of currency you want to sell and find the best deals using our comparison table above. If you have more than one currency to sell you can add them to your order later on. Once you've found a buyer, click 'Sell Now' where you'll be asked to fill out a buy-back order form.
We'll need a few basic details from you including your contact details, the currency(ies) you would like to sell and the bank account you would like your payment sent to. Once you've completed the quick order form you'll be asked to print a copy - don't worry if you don't have a printer handy as we'll also email you a copy and you can also write your order number on a piece paper if you don't have access to a printer. At this point we'll also send a copy of your order to the buyer so they know to expect your currency.
You'll need to then post your currency and order form (or a piece of paper containing your order number) to the buyer or drop it in to them in person if you live nearby. We recommend you send you currency via Royal Mail Special Delivery as this service is fully trackable and insured for up to £2,500 (you can split larger orders up into multiple packages if necessary).
Once the buyer receives your currency they will contact you to confirm receipt and process your payment. You will then be paid directly into your bank, usually within 3 working days of them receiving your currency.
Over the past week the Australian Dollar buy back rate has worsened by 0.61% from last Sunday's rate of 1.627 to today's rate of 1.6370 which means $250 is worth £0.94 less today than it did a week ago. During this period the worst time to sell is right now at 1.6370 and the best time to sell was on Wednesday at 1.62.
The 90 day outlook has seen the Australian Dollar buy back rate improve by 8.34% from 1.786 on 3rd August 2016 to 1.6370 today. Based on these figures, $250 is worth £12.74 more today than it did three months ago. The worst buy back rate we recorded was 1.8013 on 14th September 2016 and the best buy back rate we recorded was 1.62 on 19th October 2016.
Posted by Matthew Weston on 21st October 2016
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