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Westpac Exchange Rates

 

Exchange Rates 1
Customer Service 1.1
Ease of Use 1.5

Westpac Exchange Rates Explained and Compared

Like all the leading banks, Westpac Bank offers a wide range of currency related products and services to its customers. If you are a customer of the bank and use internet banking to transfer money overseas then you will be interested to learn how Westpac exchange rates compare to other providers.

If you are looking to send money overseas through an International Money Transfer (IMT) or get travel money, read on to:

Foreign Transfers - How does Westpac Rates & Fees Compare?

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Westpac - Compare Foreign Transfers

Sending AUD 10,000 to USD

OFX logo OFX
1AUD=0.733USD
$7330.00 USD (0.8%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: $7330.00 USD
Exchange Rate: 0.7330
(Inverse 1USD=AUD 1.3643)
Fees: AUD 0
Total Cost : 0.8% (from mid-rate: 0.7389)
This is the amount of money that could be received by your transfer at rate AUD/USD=0.733 and inclusive of the fee of AUD 0.
Rate timestamp : Tue Jul 17 2018 21:00:05 GMT+0000 (UTC)
ANZ Bank logo ANZ Bank
1AUD=0.7127USD
$7114.17 USD (3.72%)
Rate available to ANZ Online Banking customers only. Fee for transfers via ANZ Internet Banking is $18 (or $12 if the transfer is over $AUD10,000) in ANZ Foreign Exchange Centre or via ANZ Phone Banking fee is $32.
Price Details
Receive: $7114.17 USD
Exchange Rate: 0.7127
(Inverse 1USD=AUD 1.4031)
Fees: AUD 18
Total Cost : 3.72% (from mid-rate: 0.7389)
Receive USD $216 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/USD=0.7127 and inclusive of the fee of AUD 18.
Rate timestamp : Tue Jul 17 2018 21:03:04 GMT+0000 (UTC)
Bank of Queensland logo Bank of Queensland
1AUD=0.713USD
$7108.61 USD (3.79%)
Rate available to Bank of Queensland Online Banking customers only.
Price Details
Receive: $7108.61 USD
Exchange Rate: 0.7130
(Inverse 1USD=AUD 1.4025)
Fees: AUD 30
Total Cost : 3.79% (from mid-rate: 0.7389)
Receive USD $221 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/USD=0.713 and inclusive of the fee of AUD 30.
Bank Rates - Average
ANZ Bank logo  Commonwealth Bank logo  St George Bank logo  Westpac logo  Bank of Queensland logo  NAB logo  Bank of Melbourne logo  BankSA logo 
1AUD=0.7023USD
$7009.08 USD (5.14%)
This is the average AUD to USD International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: $7009.08 USD
Exchange Rate: 0.7264
(Inverse 1USD=AUD 1.3767)
Fees: AUD 15
Total Cost : 5.14% (from mid-rate: 0.7389)
Receive USD $321 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/USD=0.7023 and inclusive of the fee of AUD 15.
NAB logo NAB
1AUD=0.7007USD
$6991.58 USD (5.38%)
Rate available to National Australia Bank online banking customers only.
Price Details
Receive: $6991.58 USD
Exchange Rate: 0.7007
(Inverse 1USD=AUD 1.4271)
Fees: AUD 22
Total Cost : 5.38% (from mid-rate: 0.7389)
Receive USD $338 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/USD=0.7007 and inclusive of the fee of AUD 22.
Commonwealth Bank logo Commonwealth Bank
1AUD=0.6987USD
$6982.81 USD (5.5%)
Rate available to Commonwealth Bank Online Banking customers only.
Price Details
Receive: $6982.81 USD
Exchange Rate: 0.6987
(Inverse 1USD=AUD 1.4312)
Fees: AUD 6
Total Cost : 5.5% (from mid-rate: 0.7389)
Receive USD $347 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/USD=0.6987 and inclusive of the fee of AUD 6 .
Rate timestamp : Tue Jul 17 2018 21:02:02 GMT+0000 (UTC)
Westpac logo Westpac
1AUD=0.6986USD
$6972.03 USD (5.64%)
Rate available to Westpac Online Banking customers only.
Price Details
Receive: $6972.03 USD
Exchange Rate: 0.6986
(Inverse 1USD=AUD 1.4314)
Fees: AUD 20
Total Cost : 5.64% (from mid-rate: 0.7389)
Receive USD $358 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/USD=0.6986 and inclusive of the fee of AUD 20.
BankSA logo BankSA
1AUD=0.6983USD
$6969.03 USD (5.68%)
Rate available to BankSA Online Banking customers only.
 
Price Details
Receive: $6969.03 USD
Exchange Rate: 0.6983
(Inverse 1USD=AUD 1.4320)
Fees: AUD 20.01
Total Cost : 5.68% (from mid-rate: 0.7389)
Receive USD $361 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/USD=0.6983 and inclusive of the fee of AUD 20.01.
Bank of Melbourne logo Bank of Melbourne
1AUD=0.6983USD
$6968.34 USD (5.69%)
Rate available to Bank of Melbourne Online Banking customers only.
 
Price Details
Receive: $6968.34 USD
Exchange Rate: 0.6983
(Inverse 1USD=AUD 1.4320)
Fees: AUD 21
Total Cost : 5.69% (from mid-rate: 0.7389)
Receive USD $362 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/USD=0.6983 and inclusive of the fee of AUD 21.
St George Bank logo St George Bank
1AUD=0.698USD
$6966.04 USD (5.72%)
Rate available to St George Bank Online Banking customers only.
Price Details
Receive: $6966.04 USD
Exchange Rate: 0.6980
(Inverse 1USD=AUD 1.4327)
Fees: AUD 20
Total Cost : 5.72% (from mid-rate: 0.7389)
Receive USD $364 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/USD=0.698 and inclusive of the fee of AUD 20.
Sending Money Abroad with Westpac Compared
 

Travel Money - Westpac Rates & Fees Compared

Westpac Travel Money Exchange Rates Compared

Buying USD Cash with AUD 2,000

Australia Post logo Australia Post
1AUD=0.7216USD
$1443.20 USD (2.34%)
The travel money service at Australia Post is provided by Travelex. Click Goto Site and simply order your travel money online from Travelex and elect to pick up at your foreign cash at your nearest located Australia Post branch. For Australia post collection and home delivery orders under $AUD1,000 a $10 collection fee applies.
Price Details
Receive: $1443.20 USD
Exchange Rate: 0.7216
(Inverse 1USD=AUD 1.3858)
Fees: AUD 0
Total Cost : 2.34% (from mid-rate: 0.7389)
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7216 and inclusive of the fee of AUD 0.
ANZ Bank logo ANZ Bank
1AUD=0.7127USD
$1411.15 USD (4.51%)
Foreign currency cash is charged at 1% of the AUD equivalent value for each currency purchased, with a minimum charge of AUD 8 per currency.
Price Details
Receive: $1411.15 USD
Exchange Rate: 0.7127
(Inverse 1USD=AUD 1.4031)
Fees: AUD 20 (1%)
Total Cost : 4.51% (from mid-rate: 0.7389)
Receive USD $32 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7127 and inclusive of the fee of AUD 20 (1%).
Rate timestamp : Tue Jul 17 2018 21:03:04 GMT+0000 (UTC)
NAB logo NAB
1AUD=0.7079USD
$1408.72 USD (4.67%)
The NAB in-branch travel money service is provided by Travelex.
Price Details
Receive: $1408.72 USD
Exchange Rate: 0.7079
(Inverse 1USD=AUD 1.4126)
Fees: AUD 10
Total Cost : 4.67% (from mid-rate: 0.7389)
Receive USD $34 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7079 and inclusive of the fee of AUD 10.
Commonwealth Bank logo Commonwealth Bank
1AUD=0.7061USD
$1398.08 USD (5.39%)
Price Details
Receive: $1398.08 USD
Exchange Rate: 0.7061
(Inverse 1USD=AUD 1.4162)
Fees: AUD 20 (1%)
Total Cost : 5.39% (from mid-rate: 0.7389)
Receive USD $45 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7061 and inclusive of the fee of AUD 20 (1%).
Rate timestamp : Tue Jul 17 2018 21:02:02 GMT+0000 (UTC)
Westpac logo Westpac
1AUD=0.706USD
$1397.88 USD (5.41%)
Price Details
Receive: $1397.88 USD
Exchange Rate: 0.7060
(Inverse 1USD=AUD 1.4164)
Fees: AUD 20 (1%)
Total Cost : 5.41% (from mid-rate: 0.7389)
Receive USD $45 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.706 and inclusive of the fee of AUD 20 (1%).
Bank Rates - Average
ANZ Bank logo  Commonwealth Bank logo  St George Bank logo  Westpac logo  NAB logo  Bank of Melbourne logo  BankSA logo 
1AUD=0.7050USD
$1396.83 USD (5.48%)
This is the average AUD to USD Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: $1396.83 USD
Exchange Rate: 0.7108
(Inverse 1USD=AUD 1.4069)
Fees: AUD 10
Total Cost : 5.48% (from mid-rate: 0.7389)
Receive USD $46 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7050 and inclusive of the fee of AUD 10.
St George Bank logo St George Bank
1AUD=0.7054USD
$1396.69 USD (5.49%)
Price Details
Receive: $1396.69 USD
Exchange Rate: 0.7054
(Inverse 1USD=AUD 1.4176)
Fees: AUD 20 (1%)
Total Cost : 5.49% (from mid-rate: 0.7389)
Receive USD $47 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7054 and inclusive of the fee of AUD 20 (1%).
Bank of Melbourne logo Bank of Melbourne
1AUD=0.6983USD
$1382.63 USD (6.44%)
Please check with the BOM in-branch travel money service for their latest rates.
 
Price Details
Receive: $1382.63 USD
Exchange Rate: 0.6983
(Inverse 1USD=AUD 1.4320)
Fees: AUD 20 (1%)
Total Cost : 6.44% (from mid-rate: 0.7389)
Receive USD $61 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.6983 and inclusive of the fee of AUD 20 (1%).
BankSA logo BankSA
1AUD=0.6983USD
$1382.63 USD (6.44%)
 
Price Details
Receive: $1382.63 USD
Exchange Rate: 0.6983
(Inverse 1USD=AUD 1.4320)
Fees: AUD 20 (1%)
Total Cost : 6.44% (from mid-rate: 0.7389)
Receive USD $61 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.6983 and inclusive of the fee of AUD 20 (1%).
Westpac Travel Money Rates Compared
 

Westpac exchange rates basics

Westpac offers several foreign exchange services for the convenience of its clients. Their most sought after products include cash, Travel cards, and International Money Transfers. Although you might feel overwhelmed when you hear terms like foreign exchange rates, international money transfer, loading travel card and so on, you need not worry.

This article will help you gain an insight into the seemingly complex world of foreign exchange rates. Soon, you’ll be able to understand and compare the Westpac exchange rates for Travel Money (cash), Travel Cards and International Money Transfers. As a result, you will learn to:

  • Find the right exchange rate as per your need
  • To calculate currency conversion by using the exchange rates
  • Compare the Westpac exchange rates to the rest of the options available
Westpac FX screenshot
Westpac FX website

Components that decide exchange rates

In broad terms, exchange rate refers to the value of currency for conversion into another currency. There are three main factors, which decide the exchange rates. They are:

  • The currency itself
  • Type of transaction – buy or sell
  • Product purchased (cash, travel card or bank transfer) Let’s now consider each of these factors in detail.

Before you proceed further, take a look at the table below. It lists the exchange rates of various currencies on a given day.




Calculating Westpac Exchange Rates

As you have understood the determinants of exchange rates, let’s take it a bit further and see how you can find answers to some common questions raised while calculating the exchange rates.




So, you’ve now seen that currency conversion calculation is easy. All you have to do is match your product with the right exchange rate. In general, the rule would be:

  • To convert AUD into foreign currency, multiply it by the exchange rate
  • To convert foreign currency into AUD, divide it by the exchange rate

In this context, you should also remember that the exchange rates vary across the currencies, type of products and the type of transaction. You can use a combination of products to make the best of the rates. Also, it is always better to get your currencies converted at the branch.

For more information on Westpac exchange rates and international travel and transfer services visit Westpac here

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Reviews - Average Rating: 1.2

4 Reviews for “Westpac Exchange Rates”

  1. Raj Mavath says:

    I would like transfer funds to UAE in Dirhams.
    There is no drop down provisions on the internet for Dirhams

    Exchange Rates 1
    Customer Service 1
    Ease of Use 1
  2. Dave Traveller says:

    Consistently the worst exchange rates and fees. I lived overseas in Thailand for 6 months, and had to withdraw from my Westpac account often. Cost me a lot of money, therefore I would always look elsewhere for ways to deal with foreign exchange in the future. Poor form Westpac.

    Exchange Rates 1
    Customer Service 1
    Ease of Use 1
  3. greg says:

    We made 4 transactions, was stung with 8 lots of fees resulting in an incorrect amount arriving at the destination and with the terrible exchange rate the hole thing is costing me more than $600 extra and leaving me with $100 more to send which will cost $145 after all the fees. over all a terrible experience.

    Exchange Rates 0.5
    Customer Service 1.5
    Ease of Use 1
  4. fish5 says:

    Used Westpac to send money to South Africa the rate was ok but ended up paying some correspondant and intermediary fees so the amount that arrived in SA wasn’t what I expected

    Exchange Rates 1.5
    Customer Service 1
    Ease of Use 3

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