So for years you lived in Australia and worked and played and vacationed. Then when it came time to retire, you took off to another location. Or maybe the other way around, you worked outside of Australia and decided to retire there. You have a regular pension or retirement salary coming in, but each pay period you have to take  big chunk out to cover the cost of changing your money to Australian dollars. By setting up an account with a foreign exchange specialist, they can make this task automated and save you money by not taking as many fees or commissions. One last thing to think about while you enjoy your retirement.