Best Exchange Rates Australia - Compare FX & Save
How BestExchangeRates Saves Australians Money on FX
For over a decade BestExchangeRates.com has been a trusted voice in foreign exchange in Australia and globally.
BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.
We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.
More than 3 million satisfied visitors have saved over $200M on foreign exchange.
We partner with only the largest, safest and most trusted foreign exchange brands.
Track AUD rates – transact when market in your favour. Follow FX forecasts & analysis.
Any marketing fees we receive from partners do not affect your exchange rate savings.
Popular AUD Exchange Rates
Follow exchange rates via your personal BER Tracker Tracker to keep track of trending currency pairs so that you can take advantage of opportunities and trends in the market.
Save on International Money Transfers
Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.
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We compare exchange rates from major financial institutions in Australia.
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Get Better Currency Exchange Rates
We show you how to save by ordering foreign cash online or compare rates on multi-currency travel cards for better currency exchange rates, convenience and security for your next trip or overseas online purchase.
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Australian dollar market update
The Australian dollar (AUD) was negatively impacted yesterday as new labor market data revealed a rise in unemployment rates from 3.9% to 4% in December. This increase in the jobless rate, attributed primarily to a decline in full-time employment, has intensified bets on potential interest rate cuts from the Reserve Bank of Australia (RBA), significantly weighing on the AUD's performance. As the week progresses, with limited Australian economic data on the calendar, FX analysts suggest that market risk dynamics will likely play a key role in influencing the currency’s trajectory as traders position themselves for the weekend.
Despite this recent downturn, the AUD has seen some movement against major currency pairs, with the AUD to USD hovering near 30-day highs around 0.6281, albeit still below its 3-month average of 0.6395. Similarly, the AUD to GBP is at recent highs near 0.5093, showing a slight premium over its 3-month average, while the AUD to EUR is stabilizing close to its 3-month average. However, the impending global economic environment remains uncertain, with a potential Trump presidency raising concerns over new tariffs affecting Australia’s key trading partners, particularly China. Future AUD strength may depend heavily on China's economic performance and any trade policy changes that could arise from the US administration, directing market sentiment in the weeks ahead.
BestExchangeRates.com keeps you up-to-date on Australian dollar forecasts by collating the views of reliable FX forecasters and economists together with recent AUD price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.