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Best Exchange Rates Australia

Compare & Save on Australian Dollar (AUD) Exchange Rates from leading foreign exchange providers in Australia

 

We help you Compare & Save Money on Exchange Rates.

 
 

We compare and review only trusted regulated FX brands

  • Commonwealth Bank
  • Transferwise
  • OFX
  • ANZ
  • World First
  • TorFX
  • Travelex Australia
  • Australia Post
See More Providers
 

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from AUD to USD.

Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Foreign Transfer Providers
Ratings & Reviews
Receive USD($)Exchange RateFee AUDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX (OzForex) logo
7,040 USD
Best Overall
0.7040^0.79%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
 
TorFX logo
7,033 USD
7 USD
0.703300.89%Bank Transfers - Online & Phone1-2 days
BankSA International Money Transfers
BankSA logo
6,834.3 USD
206 USD
0.684820.013.69%Online, Branch, Bank Transfers2-3 days
 
ANZ Bank logo
6,833.68 USD
206 USD
0.6846183.7%Online, Branch, Bank Transfers2-3 days
Bank of Melbourne International Money Transfers
Bank of Melbourne logo
6,833.62 USD
206 USD
0.6848213.7%Online, Branch, Bank Transfers2-3 days
 
Bank of Queensland logo
6,827.46 USD
213 USD
0.6848303.78%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
National Australia Bank (nab) logo Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo Bank of Queensland logo Bank of Melbourne logo BankSA logo
6,784 USD
256 USD
0.6797154.4%Online, Branch, Bank Transfers2-3 days
 
National Australia Bank (nab) logo
6,781.05 USD
259 USD
0.6796224.44%Online, Branch, Bank Transfers2-3 days
 
Commonwealth Bank (CBA) logo
6,727.96 USD
312 USD
0.67326 5.19%Online, Branch, Bank Transfers2-3 days
 
Westpac logo
6,722.53 USD
317 USD
0.6736205.26%Online, Branch, Bank Transfers2-3 days
 
St George Bank logo
6,711.55 USD
328 USD
0.6725205.42%Online, Branch, Bank Transfers2-3 days
OFX (OzForex): Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:0.7040 (0.79% from mid-rate)
USD amount:7,040 USD
Total Cost:0.79%
Time:
Rate Fetched: Tue Apr 23 2019 22:00:05 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
TorFX: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:0
Exchange Rate:0.7033 (0.89% from mid-rate)
USD amount:7,033 USD
Total Cost:0.89%
Difference:
7 USD less than using OFX (OzForex)
Time:0:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
BankSA: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:20.01
Exchange Rate:0.6848 (3.49% from mid-rate)
USD amount:6,834.3 USD
Total Cost:3.69%
Difference:
206 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - 0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
ANZ Bank: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:18
Exchange Rate:0.6846 (3.52% from mid-rate)
USD amount:6,833.68 USD
Total Cost:3.7%
Difference:
206 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - Tue Apr 23 2019 22:03:04 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
Bank of Melbourne: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:21
Exchange Rate:0.6848 (3.49% from mid-rate)
USD amount:6,833.62 USD
Total Cost:3.7%
Difference:
206 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - 0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Bank of Queensland: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:30
Exchange Rate:0.6848 (3.49% from mid-rate)
USD amount:6,827.46 USD
Total Cost:3.78%
Difference:
213 USD less than using OFX (OzForex)
Time:
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:0.6980 (1.63% from mid-rate)
USD amount:6,784 USD
Total Cost:4.4%
Difference:
256 USD less than using OFX (OzForex)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
National Australia Bank (nab): Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:22
Exchange Rate:0.6796 (4.23% from mid-rate)
USD amount:6,781.05 USD
Total Cost:4.44%
Difference:
259 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - Tue Apr 23 2019 22:05:03 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
Commonwealth Bank (CBA): Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:6
Exchange Rate:0.6732 (5.13% from mid-rate)
USD amount:6,727.96 USD
Total Cost:5.19%
Difference:
312 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - Tue Apr 23 2019 22:02:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1.2/5.0
Reviews:
Westpac: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:0.6736 (5.07% from mid-rate)
USD amount:6,722.53 USD
Total Cost:5.26%
Difference:
317 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
St George Bank: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:0.6725 (5.23% from mid-rate)
USD amount:6,711.55 USD
Total Cost:5.42%
Difference:
328 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - 0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 

 

The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.

Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Travel Money Providers
Ratings & Reviews
Amount USD($)Exchange RateFee AUDTotal CostCurrency ServicesDelivery/CollectDeal Links
 
Travelex Online AU logo
694.10 USD
Best Overall
0.6941$0 BPay, Card 0.72%-1%2.18%Online order, Branch pickup, Home delivery2-3 days
 
Travel Money Oz logo
693.90 USD
0.2 USD
0.6939$0 BPay, Credit Card 1%2.21%Online order, Branch pickup3-5 days
 
ANZ Bank logo
677.75 USD
16 USD
0.6846$104.49%Branch-
Bank of Melbourne Foreign Currency
Bank of Melbourne logo
674.53 USD
20 USD
0.6848$154.94%Branch-
BankSA Foreign Currency
BankSA logo
674.53 USD
20 USD
0.6848$154.94%Branch-
 
Commonwealth Bank (CBA) logo
673.20 USD
21 USD
0.68$105.13%Branch-
Banks - Average Rate
Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo National Australia Bank (nab) logo Bank of Melbourne logo BankSA logo
671.58 USD
23 USD
0.6798105.36%Branch-
 
St George Bank logo
669.11 USD
25 USD
0.6793$155.71%Branch-
 
Westpac logo
666.86 USD
27 USD
0.6736$106.02%Branch-
 
National Australia Bank (nab) logo
665.08 USD
29 USD
0.6718106.27%Branch-
Travelex Online AU: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:0.6941 (2.18% from mid-rate)
USD amount:694.10 USD
Total Cost:2.18%
Time:
Rate Fetched: Tue Apr 23 2019 22:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
Travel Money Oz: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$0 BPay, Credit Card 1%
Exchange Rate:0.6939 (2.21% from mid-rate)
USD amount:693.90 USD
Total Cost:2.21%
Time:
Rate Fetched: Tue Apr 23 2019 22:00:06 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup
Delivery/Collect:3-5 days
Rating:
 
: 4.2/5.0
Reviews:
ANZ Bank: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$10 AUD (1%)
Exchange Rate:0.6846 (3.52% from mid-rate)
USD amount:677.75 USD
Total Cost:4.49%
Time:
Rate Fetched: website - Tue Apr 23 2019 22:03:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 3/5.0
Reviews:
Bank of Melbourne: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$15 AUD (Minimum fee)
Exchange Rate:0.6848 (3.49% from mid-rate)
USD amount:674.53 USD
Total Cost:4.94%
Time:
Rate Fetched: website - 0:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
BankSA: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$15 AUD (Minimum fee)
Exchange Rate:0.6848 (3.49% from mid-rate)
USD amount:674.53 USD
Total Cost:4.94%
Time:
Rate Fetched: website - 0:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Commonwealth Bank (CBA): Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$10 AUD (1%)
Exchange Rate:0.6800 (4.17% from mid-rate)
USD amount:673.20 USD
Total Cost:5.13%
Time:
Rate Fetched: website - Tue Apr 23 2019 22:02:02 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1.2/5.0
Reviews:
 

Banks - Average Rate

Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:0.6745 (4.95% from mid-rate)
USD amount:671.58 USD
Total Cost:5.36%
Currency Services:Branch
Delivery/Collect:-
St George Bank: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$15 AUD (Minimum fee)
Exchange Rate:0.6793 (4.27% from mid-rate)
USD amount:669.11 USD
Total Cost:5.71%
Time:
Rate Fetched: website - 0:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
Westpac: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$10 AUD (1%)
Exchange Rate:0.6736 (5.07% from mid-rate)
USD amount:666.86 USD
Total Cost:6.02%
Time:
Rate Fetched: website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
National Australia Bank (nab): Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:0.6718 (5.33% from mid-rate)
USD amount:665.08 USD
Total Cost:6.27%
Time:
Rate Fetched: website - 0:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2.1/5.0
Reviews:
 
 

Australian Dollar Market Outlook

AUD/USD – 3 month chart

Improved risk appetite, thriving commodities markets and better data from China helped lift the Australian dollar through March and into the second half of April. Against the US dollar, the Aussie was quoted at US$0.715 on April-22.

In March, both Westpac and JP Morgan predicted an Aussie slide to US$0.68 in the second half of the year. Those banks were at least more optimistic than HSBC, which argued in April for US$0.66 based on housing market weakness, high debt-to-GDP levels and continued strength in the US dollar.

Bearishness wasn’t unanimous, though, with NAB forecasting Aussie appreciation at least until mid-year; it predicted US$0.74 by the end of June.

The RBA will be happy with a weaker currency, HSBC said. The central bank has recently shifted to a dovish bias (what should be an across-the-board negative for AUD), saying lower Australian interest rates will “likely be appropriate” if inflation doesn’t pick up.


 

Latest Currency News

Swiss Franc Slumps to 6-Month Low Versus Euro

The Swiss franc continued its shocking run of form on Tuesday, slipping against the euro to its weakest level in 6 months.

23 Apr, 2019 by Joel Wright

8 Percent Drop Coming Soon for Australian Dollar; RBA “Wants a Weaker Currency”

HSBC has reaffirmed its US66¢ year-end forecast for the Australian dollar, thereby signalling an upcoming 8 percent slide in the world’s fifth most traded currency.

22 Apr, 2019 by Joel Wright

SGD/MYR at 17-Month High; Ringgit Slumps on FTSE Index Deselection

What is arguably Southeast Asia’s most important exchange rate, Singapore dollar-Malaysian ringgit, leapt on Thursday to its highest level since November 2017, driven by FTSE Russell’s decision to reconsider Malaysia’s inclusion in an important bond index.

18 Apr, 2019 by Joel Wright

Commodities Boom Will Take Australian Dollar to US$0.74

The Australian dollar is forecast to climb to US$0.74 in the coming months, supported by a commodities boom that has seen the price of Australia’s largest export, iron ore, climb to a 5-year high.

15 Apr, 2019 by Joel Wright

 

US Dollar Market Outlook

USD/AUD – 3 month chart

In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.

The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.

Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.

Compare AUD-USD Exchange Rates

 

 

Money Saving Guides

Comparing Australian Bank & FinTech Exchange Rates

We take a look at why not using your bank for foreign exchange is generally a good idea to save money. As an example, we show 6 tables to compare the 4 big Aussie banks to two currency exchange specialists, OFX and Travelex.

Updated: 25 Mar, 2019

Travelex vs TravelMoneyOz – Exchange Rates

To help you choose between Travelex and Travel Money Oz the following live exchange rates table shows who has the best exchange rate when ordering foreign currency online.

Updated: 5 Mar, 2019

Getting the best exchange rates sending money from Australia

The holy grail when you send money abroad is finding an organisation that you can trust and one that offers the best exchange rates along with transparent, smart and straightforward customer service.

Updated: 28 Feb, 2019

Prepaid Travel Cards – Comparing Features and Fees

We look at the Pros & Cons of using a Travel Card on your travels When planning an overseas trip figuring out how to access your money while away is complicated and often left to the last minute. You then end up paying high fees for changing foreign cash or with unexpected fees on your […]

Updated: 28 Feb, 2019

 

British Pound Market Outlook

GBP/AUD – 3 month chart

Update 14-April: The pound hovered between US$1.30 and US$1.31 (in line with 3-month averages) after the EU granted the UK a Brexit extension until the end of October. No-deal risk is gone for now and anything is possible, including a new British prime minister, a general election and/or second referendum.

Experts at MUFG said in April that sterling would likely trade between US$1.30 and US$1.34 until more clarity emerged.

If an election is called, the pound could depreciate to US$1.24, a UBS analyst said, due to “heightened uncertainty” (the opposition Labour party is consistently ahead in the polls).

Goldman Sachs said in April that sterling was set for a “big finish” (higher) once the gridlock in the UK parliament ends and a deal is agreed and certainty found.

Earlier this year, currency analysts at HSBC estimated that the pound would be valued at levels near US$1.10 in the event of no-deal, near US$1.45 with a deal and at US$1.55 if Brexit is cancelled.

Compare AUD-GBP Exchange Rates

 

Reviews – Money Transfer & Currency Exchange in Australia

WorldFirst World Account – BER Review

WorldFirst World Account – Independent BER Review World Account: A Summary WorldFirst, a market leader in the international payments space, offers a multi-currency “World Account” that allows businesses to hold, send and receive funds in 8 major currencies (GBP, EUR, USD, AUD, CAD, JPY, SGD and NZD). With a World Account, businesses can invoice customers […]

Updated: 23 Apr, 2019

TransferWise Borderless Account – BER Review

TransferWise’s Borderless Account allows users to hold and convert funds in 40 different currencies and send and spend internationally, all at the “real” exchange rate and with exceptionally low service fees. Users can also receive major-currency payments free of charge.

Updated: 23 Apr, 2019

TransferWise – BER Review

TransferWise has been making waves in the global payments market since it came on the scene back in 2011 and is undoubtedly one of the best services for sending money across borders.

Updated: 7 Apr, 2019

 

Fintech FX News

Remittances Reach All-Time High

Remittances to low and middle-income countries reached a record high last year, the World Bank has said. Average transaction costs remain high, with an average of 7 percent paid to transfer $200 or equivalent.

Updated: 20 Apr, 2019

TransferWise Announces PayNow Funding Option

TransferWise is now officially offering PayNow as a funding option for users in Singapore, the company has announced.

Updated: 29 Mar, 2019

Banking Sector Fights Back Against Fintech Rivals

Citigroup’s announcement this week of plans to develop its own consumer-payments platform is the latest indication of a fightback by the banking establishment against fintech rivals that threaten its most lucrative markets.

Posted: 27 Mar, 2019

Revolut Steps Up Brexit Preparations

Revolut CEO Nikolay Storonsky

Fintech hotshot Revolut has written to millions of its customers to warn that new verification documents will be needed in the event of a no-deal Brexit; it has also called on the UK government to get serious about post-Brexit tech visas.

Updated: 25 Mar, 2019

 

Currency Exchange by Location in Australia

Best Travel Money Exchange Rates in the Sydney CBD – BER Guide
Best Currency Exchange Rates in the Melbourne CBD – BER Guide
Best Currency Exchange Rates on the Gold Coast – BER Guide
Best Currency Exchange Rates in Adelaide – BER Guide
Australia Post Exchange Rates Compared
Best Currency Exchange Rates in Brisbane CBD – BER Guide

 

Get a Better FX Deal when you Send and Spend Abroad.