The rate for AU$ directly to another (currency) is always garbage no matter where you go while the exchange rate between US$ to (currency) directly is better (you get more). For example: US$1 = ¥159 vs AU$1 = ¥113, so putting that into perspective - US$2,000 gives you ¥318,546 (AU$2,794) but AU$2,000 equates to ¥227,989 (US$1,431) when in Japan.

Whenever you travel abroad, it feels like you’re being ripped off when exchanging AU$ directly since you have to pay more to get the same quota as the greenback. Don’t even talk about cash withdrawals, even with Revolut or Wise: the ATM still incurs fees for foreign cards, but much worse when using a bank’s card directly for conducting the transaction whilst abroad.