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.
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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.
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.
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.
The Australian dollar (AUD) has experienced a marked decline in recent trading sessions, driven by shifts in investor sentiment following fresh U.S. inflation figures. After initially managing to hold stable due to a relatively calm market atmosphere, the ‘Aussie’ fell under selling pressure, reflecting broader concerns surrounding risk-sensitive assets. Analysts note that the AUD's movement is now tightly aligned with global market dynamics, particularly as there are no significant domestic data releases on the horizon.
As economic indicators emerge from China, attention will turn to their implications for AUD stability and potential recovery. Projections indicate that if trade data from China reflects stronger-than-expected performance alongside anticipated fiscal stimulus, the Australian dollar could be buoyed, possibly moving back toward levels of US$0.68/69. However, the prospect of a Trump presidency could introduce new tariffs impacting both Europe and China, two of Australia’s major trading partners. Such developments may result in diminished demand for the AUD, particularly if China's economy continues to face pressure. Currently, the AUD/USD pair has traded at 0.6351, just slightly above its three-month average, while the AUD/EUR, AUD/GBP, and AUD/JPY pairs are similarly near their respective averages, indicating a period of consolidation amidst the ongoing uncertainty.
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.
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