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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
 

Australian Dollar Market Outlook

AUD/USD – 3 month chart

Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.

In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.

Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.

Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).


 

Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Foreign Transfer Providers
Ratings & Reviews
Receive USD($)Exchange RateFee AUDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX (OzForex) logo
7,083 USD
Best Overall
0.70830^0.67%Bank Transfers - Online & Phone1-2 days
 
TorFX logo
7,076 USD
7 USD
0.707600.77%Bank Transfers - Online & Phone1-2 days
 
ANZ Bank logo
6,879.59 USD
203 USD
0.6892183.53%Online, Branch, Bank Transfers2-3 days
BankSA International Money Transfers
BankSA logo
6,867.23 USD
216 USD
0.688120.013.7%Online, Branch, Bank Transfers2-3 days
Bank of Melbourne International Money Transfers
Bank of Melbourne logo
6,866.55 USD
216 USD
0.6881213.71%Online, Branch, Bank Transfers2-3 days
 
Bank of Queensland logo
6,860.36 USD
223 USD
0.6881303.8%Online, Branch, Bank Transfers2-3 days
 
National Australia Bank (nab) logo
6,821.96 USD
261 USD
0.6837224.33%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
6,813 USD
270 USD
0.6826154.46%Online, Branch, Bank Transfers2-3 days
 
Commonwealth Bank (CBA) logo
6,750.95 USD
332 USD
0.67556 5.33%Online, Branch, Bank Transfers2-3 days
 
St George Bank logo
6,734.5 USD
348 USD
0.6748205.56%Online, Branch, Bank Transfers2-3 days
 
Westpac logo
6,722.53 USD
360 USD
0.6736205.73%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:0.7083 (0.67% from mid-rate)
USD amount:7,083 USD
Total Cost:0.67%
Time:
Rate Fetched: Thu Mar 21 2019 10:00:05 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
TorFX: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:0
Exchange Rate:0.7076 (0.77% from mid-rate)
USD amount:7,076 USD
Total Cost:0.77%
Difference:
7 USD less than using OFX (OzForex)
Time:12:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
ANZ Bank: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:18
Exchange Rate:0.6892 (3.35% from mid-rate)
USD amount:6,879.59 USD
Total Cost:3.53%
Difference:
203 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - Thu Mar 21 2019 10:03:05 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
BankSA: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:20.01
Exchange Rate:0.6881 (3.51% from mid-rate)
USD amount:6,867.23 USD
Total Cost:3.7%
Difference:
216 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - 12:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Bank of Melbourne: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:21
Exchange Rate:0.6881 (3.51% from mid-rate)
USD amount:6,866.55 USD
Total Cost:3.71%
Difference:
216 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - 12:05 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:0.6881 (3.51% from mid-rate)
USD amount:6,860.36 USD
Total Cost:3.8%
Difference:
223 USD less than using OFX (OzForex)
Time:
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
National Australia Bank (nab): Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:22
Exchange Rate:0.6837 (4.12% from mid-rate)
USD amount:6,821.96 USD
Total Cost:4.33%
Difference:
261 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - Thu Mar 21 2019 10:05:03 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:0.7023 (1.51% from mid-rate)
USD amount:6,813 USD
Total Cost:4.46%
Difference:
270 USD less than using OFX (OzForex)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Commonwealth Bank (CBA): Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:6
Exchange Rate:0.6755 (5.27% from mid-rate)
USD amount:6,750.95 USD
Total Cost:5.33%
Difference:
332 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - Thu Mar 21 2019 10:02:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1.2/5.0
Reviews:
St George Bank: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:0.6748 (5.37% from mid-rate)
USD amount:6,734.5 USD
Total Cost:5.56%
Difference:
348 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - 12:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
Westpac: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:0.6736 (5.54% from mid-rate)
USD amount:6,722.53 USD
Total Cost:5.73%
Difference:
360 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - Thu Mar 21 2019 10:04:04 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Foreign transfer savings sending $10K AUD to USD
 

 

Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Travel Money Providers
Ratings & Reviews
Amount USD($)Exchange RateFee AUDTotal CostCurrency ServicesDelivery/CollectDeal Links
 
Travel Money Oz logo
691.90 USD
Best Overall
0.6919$0 BPay, Credit Card 1%2.96%Online order, Branch pickup3-5 days
 
Travelex Online AU logo
690.20 USD
1.7 USD
0.6902$0 BPay, Card 0.72%-1%3.2%Online order, Branch pickup, Home delivery2-3 days
 
ANZ Bank logo
682.31 USD
9.59 USD
0.6892$104.3%Branch-
Bank of Melbourne Foreign Currency
Bank of Melbourne logo
677.68 USD
14 USD
0.688$154.95%Branch-
BankSA Foreign Currency
BankSA logo
677.68 USD
14 USD
0.688$154.95%Branch-
 
Commonwealth Bank (CBA) logo
677.36 USD
15 USD
0.6842$105%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
674.77 USD
17 USD
0.6831105.36%Branch-
 
St George Bank logo
673.25 USD
19 USD
0.6835$155.58%Branch-
 
National Australia Bank (nab) logo
668.25 USD
24 USD
0.675106.28%Branch-
 
Westpac logo
666.86 USD
25 USD
0.6736$106.47%Branch-
Travel Money Oz: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$0 BPay, Credit Card 1%
Exchange Rate:0.6919 (2.96% from mid-rate)
USD amount:691.90 USD
Total Cost:2.96%
Time:
Rate Fetched: Thu Mar 21 2019 10:00:06 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup
Delivery/Collect:3-5 days
Rating:
 
: 4.2/5.0
Reviews:
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:0.6902 (3.2% from mid-rate)
USD amount:690.20 USD
Total Cost:3.2%
Time:
Rate Fetched: Thu Mar 21 2019 10:00:05 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
ANZ Bank: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$10 AUD (1%)
Exchange Rate:0.6892 (3.34% from mid-rate)
USD amount:682.31 USD
Total Cost:4.3%
Time:
Rate Fetched: website - Thu Mar 21 2019 10:03:05 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:0.6880 (3.51% from mid-rate)
USD amount:677.68 USD
Total Cost:4.95%
Time:
Rate Fetched: website - 12:05 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:0.6880 (3.51% from mid-rate)
USD amount:677.68 USD
Total Cost:4.95%
Time:
Rate Fetched: website - 12:05 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:0.6842 (4.04% from mid-rate)
USD amount:677.36 USD
Total Cost:5%
Time:
Rate Fetched: website - Thu Mar 21 2019 10:02:02 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:0.6777 (4.95% from mid-rate)
USD amount:674.77 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:0.6835 (4.14% from mid-rate)
USD amount:673.25 USD
Total Cost:5.58%
Time:
Rate Fetched: website - 12:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
National Australia Bank (nab): Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:0.6750 (5.33% from mid-rate)
USD amount:668.25 USD
Total Cost:6.28%
Time:
Rate Fetched: website - 12:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2.1/5.0
Reviews:
Westpac: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$10 AUD (1%)
Exchange Rate:0.6736 (5.53% from mid-rate)
USD amount:666.86 USD
Total Cost:6.47%
Time:
Rate Fetched: website - Thu Mar 21 2019 10:04:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 
Online travel money savings
 

 

Latest Currency News

US Dollar Plunges After Fed Signals No Rate Hikes This Year

The US dollar crumbled on Wednesday after the Federal Reserve signaled it would keep interest rates unchanged throughout 2019, thereby backtracking on the two rate hikes it predicted in December.

20 Mar, 2019 by Joel Wright

CBOE Ditches Bitcoin Futures Amid Reduced Interest

Amid declining interest, the Chicago Board Options Exchange, or CBOE, has announced it will no longer offer bitcoin futures contracts once current contracts expire in June.

19 Mar, 2019 by Joel Wright

Canadian Dollar to Lose a Further 5 Percent, Will Soon Buy Only US$0.71 (TD Securities)

Prospects for the Canadian dollar have turned “considerably to the downside” and the currency is likely to lose 5 percent of its value this year, TD Securities has said.

19 Mar, 2019 by Joel Wright

Australian Dollar Still Struggling; AUD/GBP at Lowest Since 2016

A slight advance in AUD/USD this week to $0.705 is hardly cause for celebration; however, the stability this represents following 3 weeks of losses would normally signify reduced currency pessimism—in this case, it doesn’t even do that.

19 Mar, 2019 by Joel Wright

 

US Dollar Market Outlook

USD/AUD – 3 month chart

The US dollar had been falling steadily in the lead-up to the March-20 Fed meeting, and those that were selling the currency amid speculation of a dovish surprise were entirely vindicated after the central bank ditched its December projection for two 2019 interest rate hikes and said it now sees rates unchanged until 2020.

The extent of the Fed’s dovish turn meant that the dollar suffered a rapid and significant correction. The euro leapt on the new projections to a 6-week high against the dollar of $1.145 and other major and emerging market currencies followed suit.

The Fed’s reassessment of future monetary policy reflects concerns over domestic and global economic growth, as well as inflation and risks originating overseas, likely including Brexit.

Earlier this year, ING said the dollar would soon “embark on a gradual long-term bearish trend.”

CIBC said: “A slowdown in the economy is likely to weigh on USD particularly in the second half of this year.”

Compare AUD-USD Exchange Rates.

 

 

Money Saving Guides

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

Order Online for Cheap Currency Exchange Deals in Australia

We show you how to Pre-order foreign cash online for better currency exchange rates and save money for your next trip.

Updated: 28 Feb, 2019

 

British Pound Market Outlook

GBP/AUD – 3 month chart

The Brexit debacle continues, as does above-average volatility in the British pound. Until now, the UK government’s inability to make any decisions has been to sterling’s advantage, since this casts doubt on the delivery of Brexit and/or makes a softer Brexit more likely.

Sterling’s uptrend is evident from recent peaks against the dollar, coming in at $1.322 on January-25, at $1.335 on February-27, and at $1.338 on March-13. Sterling had been as low as $1.237 in early January. It was at $1.32 at the time of this report.

Increasing the risk of a no-deal Brexit (potentially very bad for sterling) was the statement made on March-20 by EU Council President Donald Tusk, who said that the EU would agree to the Article 50 extension sought by the UK government only if British MPs first backed the current withdrawal agreement—the one that had twice been defeated by large parliamentary majorities.

Pound forecasts are futile given uncertainties over Brexit but estimates can be made for different outcomes. Currency analysts at HSBC said in February that sterling would be valued at levels near $1.10 in the event of no-deal, near $1.45 with a deal and at $1.55 if Brexit is cancelled.

Compare AUD-GBP Exchange Rates.

 

Reviews – Money Transfer & Currency Exchange in Australia

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: 20 Mar, 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 the low fees that TransferWise is renowned for. Users can also receive major-currency payments free of charge.

Updated: 20 Mar, 2019

WorldFirst Foreign Transfers – BER Review

WorldFirst is a market leader in the international payments space and is consistently ranked among the most reliable and cheapest money transfer handlers for four-figure sums.

Updated: 19 Mar, 2019

 

New Zealand Dollar Market Outlook

NZD/AUD – 3 month chart

26-February-19: The New Zealand dollar has been among the best performers in early 2019: at the time of writing, it was showing a 3 percent year-to-date gain versus the US dollar (US$0.69), bettered within G10 FX only by the Canadian dollar and pound.

The kiwi’s upside might be limited over the coming 6-12 months due to a somewhat disappointing outlook for interest rates in New Zealand.

In February, the RBNZ said it would maintain rates at current levels this year and next, which was taken as a big positive at the time since a rate cut had partly been priced in. When considered against the hikes that are likely in Canada, the US, Europe, Scandinavia and many emerging market economies, steady NZ rates might also be to NZD's detriment.

In February, Radobank predicted NZD/USD 4 percent lower at US$0.66 before the end of May.

An RBC analyst also suggested betting against the kiwi. The analyst pointed to the RBNZ's previous form when it comes to U-turns on policy guidance.

In addition, watchers of NZD should not underestimate how highly correlated the currency is with the Australian dollar, which is tied to an even worse monetary policy outlook and which might suffer an 8-10 percent decline this year, per some currency forecasters.

Compare AUD-NZD Exchange Rates.

 

Fintech FX News

WorldFirst Owners Target European Expansion

Ant Financial, the Chinese fintech giant that recently acquired WorldFirst, has set its sights on Europe, where it plans to take its share of both cross-border and point-of-sale payments.

Updated: 19 Mar, 2019

CBOE Ditches Bitcoin Futures Amid Reduced Interest

Amid declining interest, the Chicago Board Options Exchange, or CBOE, has announced it will no longer offer bitcoin futures contracts once current contracts expire in June.

Updated: 19 Mar, 2019

Revolut Introduces Auto Currency Exchange

Digital bank Revolut announced this week the introduction of a significant new feature: auto currency exchange based on targeted exchange rates.

Updated: 8 Mar, 2019

Messaging Apps to Take Slice of Remittance Market Using Their Own Cryptocurrencies

Users of popular messaging apps, including WhatsApp and Line, might soon be able to make cross-border payments effortlessly. In a move that will further disrupt the payments industry, the creators of such apps, including Facebook, are working hard to develop their own digital currencies that can be transferred to anyone in a user’s contact list.

Updated: 19 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

 

Japanese Yen Market Outlook

AUD/JPY – 3 month chart

In early January, amid a “flash crash” USD/JPY briefly struck a 9-month low (yen high) of ¥104.65, and other yen rates also struck long-term lows. These values greatly flattered the yen and market rebounds followed quickly.

Since then, the yen has been the weakest major currency, and in March USD/JPY was 6 percent higher, back in the 111s.

In the second week of March, Goldman Sachs said it was betting on yen appreciation; it expected Japan’s currency to be “the main beneficiary of the current data backdrop.”

In late February, experts at French bank Credit Agricole also expressed bullishness, saying it was the right time to acquire yen.

Compare AUD-JPY Exchange Rates.

 

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