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Best Exchange Rates

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Foreign Transfers from Australia

Use our comparison table to find the best exchange rates for foreign transfers from Australia versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

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$AUD
$USD

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Foreign Transfers - Exchange Rate Comparison

Foreign Transfer Providers
Ratings & Reviews
Receive USD($)Exchange RateFee AUDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
TorFX logo
7,117 USD
Value & Rating
0.711700.86%Bank Transfers - Online & Phone1-2 days
 
OFX (OzForex) logo
7,120 USD
$3 more
0.7120^0.82%Bank Transfers - Online & Phone1-2 days
 
ANZ Bank logo
6,916.53 USD
$200 less
0.6929183.66%Online, Branch, Bank Transfers2-3 days
BankSA
BankSA logo
6,914.14 USD
$203 less
0.692820.013.69%Online, Branch, Bank Transfers2-3 days
Bank of Melbourne
Bank of Melbourne logo
6,913.45 USD
$204 less
0.6928213.7%Online, Branch, Bank Transfers2-3 days
 
Bank of Queensland logo
6,907.22 USD
$210 less
0.6928303.79%Online, Branch, Bank Transfers2-3 days
 
National Australia Bank (nab) logo
6,851.89 USD
$265 less
0.6867224.56%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
6,844 USD
$273 less
0.6857154.67%Online, Branch, Bank Transfers2-3 days
 
Commonwealth Bank (CBA) logo
6,770.94 USD
$346 less
0.67756 5.68%Online, Branch, Bank Transfers2-3 days
 
St George Bank logo
6,754.46 USD
$363 less
0.6768205.91%Online, Branch, Bank Transfers2-3 days
 
Westpac logo
6,722.53 USD
$394 less
0.6736206.36%Online, Branch, Bank Transfers2-3 days
TorFX: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:0
Exchange Rate:0.7117 (0.86% from mid-rate)
USD amount:7,117 USD
Total Cost:0.86%
Time:18:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
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:0.7120 (0.82% from mid-rate)
USD amount:7,120 USD
Total Cost:0.82%
Difference:
$3 more than using TorFX
Time:
Rate Fetched: Wed Jan 16 2019 16:00:05 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
ANZ Bank: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:18
Exchange Rate:0.6929 (3.48% from mid-rate)
USD amount:6,916.53 USD
Total Cost:3.66%
Difference:
$200 less than using TorFX
Time:
Rate Fetched: website - Wed Jan 16 2019 16:03:04 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:0.6928 (3.5% from mid-rate)
USD amount:6,914.14 USD
Total Cost:3.69%
Difference:
$203 less than using TorFX
Time:
Rate Fetched: website - 18:05 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:0.6928 (3.5% from mid-rate)
USD amount:6,913.45 USD
Total Cost:3.7%
Difference:
$204 less than using TorFX
Time:
Rate Fetched: website - 18:05 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:0.6928 (3.5% from mid-rate)
USD amount:6,907.22 USD
Total Cost:3.79%
Difference:
$210 less than using TorFX
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:0.6867 (4.35% from mid-rate)
USD amount:6,851.89 USD
Total Cost:4.56%
Difference:
$265 less than using TorFX
Time:
Rate Fetched: website - Wed Jan 16 2019 16:05:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
 

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

Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:0.7060 (1.66% from mid-rate)
USD amount:6,844 USD
Total Cost:4.67%
Difference:
$273 less than using TorFX
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:0.6775 (5.63% from mid-rate)
USD amount:6,770.94 USD
Total Cost:5.68%
Difference:
$346 less than using TorFX
Time:
Rate Fetched: website - Wed Jan 16 2019 16:02:02 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:0.6768 (5.73% from mid-rate)
USD amount:6,754.46 USD
Total Cost:5.91%
Difference:
$363 less than using TorFX
Time:
Rate Fetched: website - 18:05 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 (6.17% from mid-rate)
USD amount:6,722.53 USD
Total Cost:6.36%
Difference:
$394 less than using TorFX
Time:
Rate Fetched: website - Wed Jan 16 2019 16:04:05 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes

1 AUD = 0.7173 USD

This is the current AUD-USD mid-market exchange rate. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market AUD-USD exchange rate.

3 Month Chart
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Currency news and forecasts for Australian Dollar and United States Dollar

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

So it follows that if you are determining the best time to transact, in this case the AUD vs USD, you should pay attention to both Australian Dollar and United States Dollar news and forecasts.

Australian Dollar (AUD) - Market news and forecasts

11-January-19: The Australian dollar recovered strongly following a "flash crash" in early January which saw it briefly trade at a 10-year low of 67.4 US cents.

By the time of this report, AUD/USD was back above $0.72 and roughly in line with December’s median exchange rate. The Aussie was similarly strong against other major currencies following its mini crash.

At current levels the Aussie “is very undervalued” versus the US dollar, a CIBC analyst said in late December; it was his “best bet” for 2019. The analyst’s view was based upon there being a positive resolution to the US-China trade spat. In the second half of 2019, the Aussie could be quoted as high as $0.78, the analyst said — 8 percent higher than rates at the time of writing.

For AUD/NZD, TD Securities expects near-term appreciation from NZ$1.05 to NZ$1.1.

Against other major currencies, the Aussie’s outlook is less optimistic. In recent months, investors have become increasingly certain that no increase to Australian interest rates will be seen until 2020. Inaction on interest rates will force capital away from Australia and towards countries where rates are higher or are expected to increase.

United States Dollar (USD) - Market news and forecasts

1-January-19: Against a basket of currencies, the US dollar struck an 18-month high in mid-December before giving up some ground in the final weeks of the year. When 2018 was done, the US Dollar Index had gained 6 percent, making the greenback one of 2018’s best performing currencies; however, it was still worth 7.5 percent less than its 2017 high.

The consensus is for dollar weakness in 2019. Big players have long been skeptical of the Fed’s projected path for interest rates and this skepticism appeared justified when, in December, the Fed lowered its expectations for 2019 hikes due to so-called “cross currents” (China, Brexit, trade wars etc.).

In the aftermath of the Fed’s December meeting, Scotiabank said the dollar was “poised to weaken.”

ING said the dollar “is now overvalued against a host of currencies, particularly those in emerging markets.”

JP Morgan had been dollar-bearish prior to the Fed meeting.

SEB suggested that the dollar might weaken against the pound to $1.37 per GBP, or worse upon very positive Brexit developments.

A CIBC analyst said the dollar would weaken against the Australian dollar from $0.70 per AUD to levels “well north of $0.75,” and perhaps as weak as $0.78.

Currency News and Forecasts - Australian Dollar

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