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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.

 
 

Compare Best Exchange Rates for:

   
$AUD
$USD

Compare Deals
Foreign Transfer Providers
Ratings & Reviews
Receive USD($)Exchange RateFee AUDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
TorFX logo
7,091 USD
Best Overall
0.709100.76%Bank Transfers - Online & Phone1-2 days
 
OFX (OzForex) logo
7,094 USD
$3 more
0.70940^0.71%Bank Transfers - Online & Phone1-2 days
 
WorldFirst logo
7,116 USD
$25 more
0.711600.41%Bank Transfers - Online & Phone1-2 days
ANZ Bank International Money Transfers
 
ANZ Bank logo
6,907.54 USD
$183 less
0.692183.32%Online, Branch, Bank Transfers2-3 days
BankSA International Money Transfers
BankSA logo
6,881.2 USD
$210 less
0.689520.013.69%Online, Branch, Bank Transfers2-3 days
Bank of Melbourne International Money Transfers
Bank of Melbourne logo
6,880.52 USD
$210 less
0.6895213.7%Online, Branch, Bank Transfers2-3 days
Bank of Queensland International Money Transfers
 
Bank of Queensland logo
6,874.32 USD
$217 less
0.6895303.79%Online, Branch, Bank Transfers2-3 days
National Australia Bank (nab) International Money Transfers
 
National Australia Bank (nab) logo
6,833.93 USD
$257 less
0.6849224.35%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
6,829 USD
$262 less
0.6843154.42%Online, Branch, Bank Transfers2-3 days
Commonwealth Bank (CBA) International Money Transfers
 
Commonwealth Bank (CBA) logo
6,775.93 USD
$315 less
0.6786 5.17%Online, Branch, Bank Transfers2-3 days
St George Bank International Money Transfers
 
St George Bank logo
6,759.45 USD
$332 less
0.6773205.4%Online, Branch, Bank Transfers2-3 days
Westpac International Money Transfers
 
Westpac logo
6,722.53 USD
$368 less
0.6736205.91%Online, Branch, Bank Transfers2-3 days
TorFX: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:0
Exchange Rate:0.7091 (0.76% from mid-rate)
USD amount:7,091 USD
Total Cost:0.76%
Time:12:05 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:0.7094 (0.71% from mid-rate)
USD amount:7,094 USD
Total Cost:0.71%
Difference:
$3 more than using TorFX
Time:
Rate Fetched: Wed Feb 20 2019 10:00:14 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
WorldFirst: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:
Exchange Rate:0.7116 (0.41% from mid-rate)
USD amount:7,116 USD
Total Cost:0.41%
Difference:
$25 more than using TorFX
Time:12:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.6/5.0
Reviews:
ANZ Bank: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:18
Exchange Rate:0.6920 (3.15% from mid-rate)
USD amount:6,907.54 USD
Total Cost:3.32%
Difference:
$183 less than using TorFX
Time:
Rate Fetched: website - Wed Feb 20 2019 10:03:04 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:0.6895 (3.5% from mid-rate)
USD amount:6,881.2 USD
Total Cost:3.69%
Difference:
$210 less than using TorFX
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:0.6895 (3.5% from mid-rate)
USD amount:6,880.52 USD
Total Cost:3.7%
Difference:
$210 less than using TorFX
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:0.6895 (3.5% from mid-rate)
USD amount:6,874.32 USD
Total Cost:3.79%
Difference:
$217 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:0.6849 (4.14% from mid-rate)
USD amount:6,833.93 USD
Total Cost:4.35%
Difference:
$257 less than using TorFX
Time:
Rate Fetched: website - Wed Feb 20 2019 10:05:02 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:0.7034 (1.55% from mid-rate)
USD amount:6,829 USD
Total Cost:4.42%
Difference:
$262 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:0.6780 (5.11% from mid-rate)
USD amount:6,775.93 USD
Total Cost:5.17%
Difference:
$315 less than using TorFX
Time:
Rate Fetched: website - Wed Feb 20 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:0.6773 (5.21% from mid-rate)
USD amount:6,759.45 USD
Total Cost:5.4%
Difference:
$332 less than using TorFX
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 (5.72% from mid-rate)
USD amount:6,722.53 USD
Total Cost:5.91%
Difference:
$368 less than using TorFX
Time:
Rate Fetched: website - Wed Feb 20 2019 10:04:04 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
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in Australia by ASIC. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/20/2019

1 AUD = 0.7165 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
Loading AUDUSD rates

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

19-February-19: Since a flash crash in early January which saw the Australian dollar briefly trade at a 10-year low, the Aussie has recovered and then stabilized in the US71-72¢ region, near the average rate of the past 6 months.

Of late, the outlook for the Australian economy, and therefore for the Australian dollar, has taken a turn for the worse: the RBA has slashed growth and inflation forecasts and markets have moved to price in a near-100 percent chance of an interest rate cut before the year is out.

In February, HSBC cut its AUD/USD forecast to just US66¢, nearly 20 percent below 2018’s high of US81.36¢. AUD rates in the mid-60s haven’t been seen since the great financial crisis a decade ago.

In January, a senior researcher at BNP Paribas said that the Australian dollar would “get absolutely crucified and could suffer a 25-30 percent [long-term] fall.”

Also in January, Capital Economics cuts its AUD/USD year-end forecast to just US60¢.

United States Dollar (USD) - Market news and forecasts

26-January-19: 2018 was a reasonable year for the dollar. Measured by the US Dollar Index, the greenback appreciated by 4 percent, which was much better than 2017’s 10 percent loss. It was, though, something of a stuttering end to 2018 and the dollar has had mixed fortunes in early 2019.

In December, after lifting US interest rates to 2.25-2.5 percent, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for dollar pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.

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

Of the same opinion was an expert at ING, who argued that the dollar is soon to “embark on a gradual long-term bearish trend.”

January’s extended US government shutdown also has dollar-negative ramifications. Not only is the shutdown likely to hit first-quarter GDP growth, disagreements within Congress bode poorly for the future of potentially inflationary fiscal spending.

Currency News and Forecasts - Australian Dollar

Pound at 2-Week High Ahead of May-Juncker Brexit Meeting
Euro to Strike 20-Month Low This Week; $1.12 Beckons
HSBC Cuts Australian Dollar Forecast; Aussie to Buy Only US66¢ at Year-End
China’s Ant Financial Acquires WorldFirst
New Zealand Dollar Jumps After RBNZ Says It Won’t Lower Interest Rates
Dollar Optimism Drives Markets