- Do not use a bank!
- Cut costs (foreign exchange rate margin and fees) by Comparing Providers
- Time transactions to when the market is in your favour - Setup a Watchlist.
Exchange rates are volatile and can move considerably on a daily basis. Setting up a watchlist will help you decide the best time to make a foreign exchange transaction. These daily alerts can notify you either when the interbank exchange rate make large UP/DOWN moves or when rates reach a HIGH/LOW for periods up to 90-days.
| FROM / TO | 90 DAY TREND | LATEST RATE | ALERTS (UP/DOWN/HI/LO) |
|---|---|---|---|
| AUD / USD | 0.6733 | AUD/USD is trading below the 90 day average 0.6816 with a range from LOW 0.6704 to HIGH 0.7075. There are currently no alerts. | |
| AUD / GBP | 0.528 | ALERTS: 14-DAY DOWN 3.9% | 90-DAY LOW | AUD/GBP is trading well below the 90 day average 0.5538 with a range from LOW 0.5282 to HIGH 0.5656. ALERTS: AUD/GBP is DOWN 3.9% this 14-DAY period and has also dropped to a 90-DAY LOW. | |
| AUD / EUR | 0.6104 | ALERT: 30-DAY LOW | AUD/EUR is trading below the 90 day average 0.6152 with a range from LOW 0.6009 to HIGH 0.6282. ALERT: Today AUD/EUR has dropped to a 30-DAY LOW. | |
| AUD / NZD | 1.077 | AUD/NZD is trading well above the 90 day average 1.0604 with a range from LOW 1.0348 to HIGH 1.082. There are currently no alerts. |
Login to Create your own Watchlist
Our comparison tables for transfers, travel cash and cards help you find the best value on offer by making it easy to compare each provider's margins to each other and to bank rates.
| Foreign Transfer Providers | Receive USD(U$) | Exchange Rate | Fee AUD | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | U$6,699 Best Overall | 0.6699 | 0 | 0.5% | |
 | U$6,679 U$20 less | 0.6679 | 0^ | 0.8% | |
 | U$6,625 U$74 less | 0.6625 | 0 | 1.6% | |
Banks - Average Rate         Average Bank Rate | U$6,490 U$209 less | 0.6503 | 15 | 3.61% |
| Travel Money Providers | Amount USD(U$) | Exchange Rate | Fee AUD | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | U$657.20 U$9.66 less | 0.6572 | $0 BPay, Card 0.72%-1% | 2.39% | |
 | U$649.70 U$17 less | 0.6497 | $0 BPay, Card 0.72%-1% | 3.51% | |
 | U$646.50 U$20 less | 0.6465 | A$0 | 3.98% | |
Banks - Average Rate Average Bank Rate | U$643.19 U$24 less | 0.6511 | 10 | 4.47% |
| Travel Card Providers | Amount USD(U$) | Exchange Rate | Fee AUD | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | U$671.70 Best Overall | 0.6717 | 0 | 0.5% | |
 | U$658.90 U$13 less | 0.6589 | $0 BPay, Card 0.72%-1% | 2.4% | |
 | U$655.40 U$16 less | 0.6554 | 0 | 2.92% | |
 | U$646.20 U$25 less | 0.6462 | 0 | 4.28% |
If you are sending a Large Foreign Transfer (over $50K AUD), enter the details to get multiple vendors competing for your business.
Save time and money – fewer websites to visit and you get a much better exchange rate & service.
The RBA dropped interest rates 25 basis points to a record 0.75% on Oct 1 with the Aussie responding with a drop below US67 cents. Investors have sold AUD in recent months as they’ve bet on aggressive interest-rate cuts by the Reserve Bank of Australia. These bets paid off: the RBA cut its cash rate in both June and July to a record low of 1 percent.
Lower borrowing costs are necessary, investors believe, in light of persistently soft domestic data and the fallout from a US-China trade standoff that shows no sign of nearing an end.
AUD will continue to track changes in interest-rate expectations. Economists expect at least one further cut this year and many expect two by early 2020. After July's cut, the RBA hinted it would leave rates unchanged for several months.
Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.
Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.
For AUD forecasts and predictions read our Australian Dollar Forecasts report.
Key Takeaways from the ACCC inquiry into currency conversion services. BestExchangeRates referenced among comparison sites playing an important role in customer awareness of the excessive currency margins charged by banks.
1 Oct, 2019 by
Both the Australian dollar and British pound sterling have had a hard time of late caught between the rock of the China/US trade war and the Brexit hard place.
27 Aug, 2019 by
