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Foreign Exchange Guide to Kiribati

This currency guide to Kiribati helps you choose the best way to save money on AUD transfers and travel money.    [USD/AUD=1.4589]

 
Kiribati
Country Code:
KI
Domestic Currency:
Australian Dollar
Symbol - Code:
A$ AUD
Telephone Prefix:
+686

This is a foreign exchange guide to Kiribati, the Australian Dollar currency plus sending AUD transfers and travel tips.


In this Kiribati currency guide we take a look at :

  1. Australian Dollar info - general info about the Australian Dollar
  2. Australian Dollar in the markets - recent AUD moves and predictions from the FX markets
  3. Travelling in Kiribati - currency & money saving tips
  4. Buying Australian Dollar cash online - travel money for Kiribati
  5. Sending money to Kiribati - save on Australian Dollar bank transfers to Kiribati
  6. Australian Dollar exchange rates - latest & historic exchange rates.
  7. AUD News - the latest Australian Dollar related articles from our blog.

Australian Dollar (AUD) general currency information


What is the Australian Dollar currency code and symbol?

The three letter currency code for the Australian Dollar is AUD and the symbol is A$.


Which countries use the Australian Dollar?

It is the domestic currency in Australia, Christmas Island, Cocos Keeling Islands, Heard And McDonald Islands, Kiribati, Nauru, Norfolk Island and Tuvalu.

The Australian dollar is the fifth most traded currency in the world and is popular with currency traders, because of the high interest rates in Australia, the freedom of the foreign exchange market from government intervention, the stability of Australia's economy and political system, and the view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle.

The currency is commonly referred to by foreign-exchange traders as the "Aussie dollar".


Australian Dollar (AUD) in the markets

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 more details read the full article Australian Dollar Forecasts.

The interactive chart below shows the USD to AUD exchange rate and trend for the previous 3 months:

ALERT: 30-DAY LOW |
At 1.4589 USD/AUD is trading below its 90 day average 1.4697 with range 1.4916 to 1.42. ALERT: USD/AUD has dropped to a 30-DAY LOW. Updated: 07:30-AEDT 21:30-BST 16:30-EDT

Travel, Currency and Money saving tips for Kiribati

 

English is Kiribati’s official language, but most natives also speak the local Gilbertese tongue. You shouldn't have a problem communicating wherever you go, although the farther you get from Tarawa and Christmas Island, the less English is used. Kiribati and the Islands use the Australian dollar; a major currency that can be exchanged anywhere. You can also change money at the Bank of Kiribati or ANZ bank on Tarawa or Christmas Island. Kiribati is a mostly cash-oriented country, though major cards are accepted in hotels and some shops. Traveler’s checks should be in Aussie dollars.

Transportation: the only transportation are minivans. They don't have timetables. They are run by private people who decide randomly the start and the end of the trip. Often they are full and for this reason they won't stop to pick you up. Sometimes the engine breaks and you have to find another one. But in spite of all these problems they are ok. There are no taxis in the Gilbert Islands. The local transportation is carried out by Air Kiribati. There are regular flights to every island in the Gilbert group except for Banaba, price around 50 AUD one way three times a week for the near islands (until Kuria and Aranuka), and price around 100 - 150 AUD one way once a week for the further ones (for instance, Nonouti, Nikunau, Beru).

 

Travel money for Kiribati

 

Save money and time by Ordering your Australian Dollar online from Travelex, you get better rates and can pick up the AUD cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Australian Dollar otherwise you may get much worst exchange rates.

 
Travel Money ProvidersAmount AUD(A$)Exchange RateFee USDTotal CostDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
A$1,365.6
Compare
1.365606.4%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
A$1,352
A$14 less
1.3656U$107.33%
Wells Fargo Bank logo
A$1,338.29
A$27 less
1.3656U$208.27%
Travelex Online US logo
A$1,287.2
A$78 less
1.28720^11.77%
 

U.S. Bank logo

U.S. Bank: Travel Money USD→AUD
From Amount (USD)U$1,000
Fee:0
Exchange Rate:1.3656 (6.4% from mid-rate)
To Amount (AUD) A$1,365.6
Total Cost:6.4%
Time:18:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→AUD
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:1.2765 (12.5% from mid-rate)
To Amount (AUD) A$1,352
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logo

Wells Fargo Bank: Travel Money USD→AUD
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:1.3656 (6.4% from mid-rate)
To Amount (AUD) A$1,338.29
Total Cost:8.27%
Time:18:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Travelex Online US logo

Travelex Online US: Travel Money USD→AUD
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:1.2872 (11.77% from mid-rate)
To Amount (AUD) A$1,287.2
Total Cost:11.77%
Time:
Rate Fetched: Sat Oct 19 2019 18:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 10/19/2019 - See full table
 

Kiribati Trip Checklist    

 
  1. Compare AUD travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Kiribati
  3. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to Kiribati

When searching around for information on how to get a good exchange rate when sending money to Kiribati you need to start with finding out the latest Australian Dollar foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).


Get a better deal for foreign transfers to Kiribati

When sending money to Kiribati it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Australian Dollar amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted AUD amount will be transfered to the recipient account you specify in Kiribati.

Use our Send to AUD calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Australian Dollar deposited into the recipient bank account and less margins and fees kept by the banks!

 
  

USD to AUD International Money Transfers

  

Foreign Transfer ProvidersReceive AUD(A$)Exchange RateFee USDTotal CostDeal Links
OFX logo
A$14,472
Best Overall
1.44720^0.8%
XE logo
A$14,407
A$65 less
1.440701.25%
Wells Fargo Bank logo
A$13,993
A$479 less
1.4018184.09%
HSBC logo
A$13,983
A$489 less
1.4004U$154.15%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
A$13,898
A$574 less
1.3979154.74%
Bank of America International Money Transfers
Bank of America logo
A$13,807
A$665 less
1.3946U$1005.36%
U.S. Bank International Money Transfers
U.S. Bank logo
A$13,807
A$665 less
1.3946U$1005.36%
 

OFX logo

OFX: Foreign Transfer USD→AUD
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.4472 (0.8% from mid-rate)
To Amount (AUD) A$14,472
Total Cost:0.8%
Time:
Rate Fetched: 18:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

XE logo

XE: Foreign Transfer USD→AUD
From Amount (USD)U$10,000
Fee:
Exchange Rate:1.4407 (1.25% from mid-rate)
To Amount (AUD) A$14,407
Total Cost:1.25%
Difference:
A$65 AUD less than using OFX
Time:18:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

Wells Fargo Bank logo

Wells Fargo Bank: Foreign Transfer USD→AUD
From Amount (USD)U$10,000
Fee:18
Exchange Rate:1.4018 (3.91% from mid-rate)
To Amount (AUD) A$13,993
Total Cost:4.09%
Difference:
A$479 AUD less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer USD→AUD
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:1.4004 (4.01% from mid-rate)
To Amount (AUD) A$13,983
Total Cost:4.15%
Difference:
A$489 AUD less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→AUD
From Amount (USD)U$10,000
Fee:15
Exchange Rate:1.3918 (4.6% from mid-rate)
To Amount (AUD) A$13,898
Total Cost:4.74%
Difference:
A$574 AUD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logo

Bank of America: Foreign Transfer USD→AUD
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:1.3946 (4.41% from mid-rate)
To Amount (AUD) A$13,807
Total Cost:5.36%
Difference:
A$665 AUD less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logo

U.S. Bank: Foreign Transfer USD→AUD
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:1.3946 (4.41% from mid-rate)
To Amount (AUD) A$13,807
Total Cost:5.36%
Difference:
A$665 AUD less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 10/19/2019 - See full table
 

AUD/USD - Australian Dollar to United States Dollar - Historical Rates

PeriodChange*AUD/USDDate
1 Day+0.4%0.682517 Oct 2019
7 Day+0.9%0.679311 Oct 2019
30 Day+0.5%0.682318 Sep 2019
3 Month-2.6%0.704120 Jul 2019
1 Year-3.4%0.709618 Oct 2018
5 Year-21.7%0.875819 Oct 2014
10 Year-25.8%0.923820 Oct 2009

*For period to 18-Oct 21UTC when AUD/USD was 0.6855

AUD/EUR - Australian Dollar to Euro - Historical Rates

PeriodChange*AUD/EURDate
7 Day-0.3%0.615311 Oct 2019
30 Day-0.8%0.618618 Sep 2019
3 Month-2.2%0.627120 Jul 2019
1 Year-1%0.619518 Oct 2018
5 Year-10.7%0.687019 Oct 2014
10 Year-0.9%0.618920 Oct 2009

*For period to 18-Oct 21UTC when AUD/EUR was 0.6136

AUD/GBP - Australian Dollar to British Pound Sterling - 10 Year History

PeriodChange*AUD/GBPDate
1 Day-0.4%0.530517 Oct 2019
7 Day-1.7%0.537211 Oct 2019
30 Day-3.5%0.547218 Sep 2019
3 Month-6.2%0.563220 Jul 2019
1 Year-3.1%0.545018 Oct 2018
5 Year-2.9%0.544319 Oct 2014
10 Year-6.3%0.563720 Oct 2009

*For period to 18-Oct 21UTC when AUD/GBP was 0.5283

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