Airport Currency Exchange should go before the Banking Royal Commission for ripoffs
Currency Exchange at Sydney Airport gives the worst possible rates. Margins for most currencies exceeds 40% for each transaction, buy or sell. The Banking Royal Commission should look at this for how a monopoly will gouge the consumer as an example of appalling behaviour. I have never exchanged my money in Australia as I know rates are bad, but Sydney Airport just takes it to the next level. Matter of fact, I have never bought anything in Sydney Airport as I know that is the worst possible deal you can get. From Pharmacies to Duty Free, everything is dearer at Sydney airport than anywhere else.
Here are rates for some currencies and you can see they are buying at about half what they are selling the currencies for.
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