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 My Rates 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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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) experienced slight declines following the release of the Reserve Bank of Australia's (RBA) meeting minutes for September, revealing a more cautious outlook from the central bank. The omission of forward guidance indicating that any potential reduction in the cash rate was unlikely in the short term has raised concerns among market participants, leading to the AUD trading at a two-week low against the US Dollar. Currently, the AUD is positioned at approximately 0.6747 against the USD, just marginally above its three-month average of 0.6709, reflecting a stable trading range of 0.6497 to 0.6913 despite recent volatility.
FX analysts are also paying close attention to key economic indicators from the US, including labor market and inflation data, as these will significantly influence Federal Reserve policy decisions, which in turn affect global sentiment and the AUD's trajectory. As Australia remains a major commodities exporter, factors such as commodity price fluctuations and global trade dynamics are critical in determining the AUD's strength. In recent pricing, the AUD has dipped to 0.6144 against the Euro and 0.5148 against the British pound, both near their respective seven-day lows. The current trading conditions demonstrate AUD’s role as a proxy for risk appetite, where its value is intricately linked to global economic growth prospects, underscoring the importance of additional data releases and market sentiment in shaping future movements.
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.