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Foreign Exchange Guide to Kiribati

Read this currency guide to Kiribati with money transfer and travel tips.   [USD/AUD=1.393]

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

This is a foreign exchange guide to Kiribati, the Australian Dollar currency plus 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 $.


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

November-26: In the weeks leading up to this report, the Australian dollar was among the best performing global currencies. A broader 2018 view will, though, show a currency that is struggling. The good news is that the Aussie’s prospects for 2019 remain good.

Important for AUD in November was the break of an important technical trendline that demarcated the 2018 downtrend. Between January and late October, the currency lost nearly 14 percent against the US dollar to trade at a 2-1/2-year low of $0.702. It had recovered by the time of this report into the $0.72s. Similar could be said of AUD’s performance against the euro.

Easing trade tensions between the US and China was another big positive for AUD in November.

Inaction on interest rates from the RBA has lended itself to lower AUD exchange rates but this will change next year. The inevitability of higher Australian interest rates will become the narrative in mid-2019, thinks Citibank, and this will drive capital into AUD and force its price up to $0.77. CIBC expressed a similar view in November, albeit with a slightly lower mid-19 forecast of $0.76.

The interactive chart below shows the USD to AUD exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.


USD-AUD 3 Month chart
USD-AUD 3 Month chart
USDAUD currency converter

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.

 

Compare USD to AUD Travel Money Exchange Rates vs the Banks

ProvidersAmount AUD($)Exchange RateFee USDTotal CostCurrency ServicesDelivery SpeedReviewsDeal Links
Wells Fargo Bank logo
1,304.18 AUD
Top Provider
1.3308$206.38%Branch pickupn/a
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
1304.04 AUD
AUD0.14 less
1.3174$106.39%Branch pickupn/a
U.S. Bank
U.S. Bank logo
1,303.9 AUD
AUD0.28 less
1.303906.4%Branch pickupn/a
Travelex Online US logo
1,257 AUD
AUD47 less
1.2570^9.76%Online order, Home delivery2-3 days
 
Wells Fargo Bank: Travel Money USD→AUD
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:1.3308 (4.47% from mid-rate)
AUD amount:1,304.18 AUD
Total Cost:6.38%
Time:12:07 Local
Delivery Speed:n/a
Currency Services:Branch pickup
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo

Travel Money USD→AUD
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:1.2189 (12.5% from mid-rate)
AUD amount:1304.04 AUD
Total Cost:6.39%
Delivery Speed:n/a
Currency Services:Branch pickup
U.S. Bank: Travel Money USD→AUD
USD amount:$1,000 USD
Fee:0
Exchange Rate:1.3039 (6.4% from mid-rate)
AUD amount:1,303.9 AUD
Total Cost:6.4%
Time:12:07 Local
Delivery Speed:n/a
Currency Services:Branch pickup
Rating:
: /5.0
Reviews:
Travelex Online US: Travel Money USD→AUD
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:1.257 (9.76% from mid-rate)
AUD amount:1,257 AUD
Total Cost:9.76%
Time:
Rate Fetched: Sat Dec 15 2018 10:00:04 GMT+0000 (UTC)
Delivery Speed:2-3 days
Currency Services:Online order, Home delivery
Rating:
 
: 4.3/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/15/2018.
Total Cost = Fee + exchange rate margin vs USD/AUD mid-rate: 1.3930
 

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!

 

Compare USD to AUD Foreign Transfers vs the Banks

ProvidersAmount AUD($)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedReviewsDeal Links
OFX logo
13,740 AUD
Top Provider
1.3740^1.36%Online, Bank Transfers1-2 days
 
WorldFirst logo
13,874 AUD
AUD134 more
1.387400.4%Online, Bank Transfers1-2 days
 
Wells Fargo Bank logo
13,455 AUD
AUD285 less
1.3479183.41%Online, Branch, Bank Transfers2-3 days
HSBC logo
13,445 AUD
AUD295 less
1.3465$153.48%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
13,363 AUD
AUD377 less
1.3441154.07%Online, Branch, Bank Transfers2-3 days
Bank of America
Bank of America logo
13,276 AUD
AUD464 less
1.341$1004.69%Online, Branch, Bank Transfers2-3 days
U.S. Bank
U.S. Bank logo
13,276 AUD
AUD464 less
1.341$1004.69%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer USD→AUD
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.3740 (1.36% from mid-rate)
AUD amount:13,740 AUD
Total Cost:1.36%
Time:
Rate Fetched: Sat Dec 15 2018 10:02:29 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Online, Bank Transfers
Rating:
 
: 4.8/5.0
Reviews:
WorldFirst: Foreign Transfer USD→AUD
USD amount:$10,000 USD
Fee:
Exchange Rate:1.3874 (0.4% from mid-rate)
AUD amount:13,874 AUD
Total Cost:0.4%
Difference:
AUD134 AUD more than using OFX
Time:12:07 Local
Transfer Speed:1-2 days
Services:Online, Bank Transfers
Rating:
 
: 4.6/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→AUD
USD amount:$10,000 USD
Fee:18
Exchange Rate:1.3479 (3.24% from mid-rate)
AUD amount:13,455 AUD
Total Cost:3.41%
Difference:
AUD285 AUD less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
HSBC: Foreign Transfer USD→AUD
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:1.3465 (3.34% from mid-rate)
AUD amount:13,445 AUD
Total Cost:3.48%
Difference:
AUD295 AUD less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo

Foreign Transfer USD→AUD
USD amount:$10,000 USD
Fee:15
Exchange Rate:1.3383 (3.93% from mid-rate)
AUD amount:13,363 AUD
Total Cost:4.07%
Difference:
AUD377 AUD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Bank of America: Foreign Transfer USD→AUD
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.3410 (3.73% from mid-rate)
AUD amount:13,276 AUD
Total Cost:4.69%
Difference:
AUD464 AUD less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
U.S. Bank: Foreign Transfer USD→AUD
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.3410 (3.73% from mid-rate)
AUD amount:13,276 AUD
Total Cost:4.69%
Difference:
AUD464 AUD less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/15/2018.
Total Cost = Fee + exchange rate margin vs USD/AUD mid-rate: 1.3930
 

Popular AUD cross rates


AUD/USD - Australian Dollar to United States Dollar - 10 Year History

DateExchange RatePeriodChange
15 Dec 20180.7179Latest
08 Dec 20180.72081 Week-0.4%
15 Nov 20180.72701 Month-1.25%
18 Jun 20180.74046 Months-3.04%
15 Dec 20170.76471 Year-6.12%
15 Dec 20160.73652 Years-2.53%
16 Dec 20130.89415 Years-19.71%
17 Dec 20080.695410 Years+3.24%

AUD/EUR - Australian Dollar to Euro - 10 Year History

DateExchange RatePeriodChange
15 Dec 20180.6348Latest
08 Dec 20180.63311 Week+0.27%
15 Nov 20180.64191 Month-1.11%
18 Jun 20180.63666 Months-0.28%
15 Dec 20170.65051 Year-2.41%
15 Dec 20160.70682 Years-10.19%
16 Dec 20130.64985 Years-2.31%
17 Dec 20080.485710 Years+30.7%

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

DateExchange RatePeriodChange
15 Dec 20180.5703Latest
08 Dec 20180.56621 Week+0.72%
15 Nov 20180.56951 Month+0.14%
18 Jun 20180.55846 Months+2.13%
15 Dec 20170.57391 Year-0.63%
15 Dec 20160.59282 Years-3.8%
16 Dec 20130.54865 Years+3.96%
17 Dec 20080.451410 Years+26.34%

AUD/JPY - Australian Dollar to Japanese Yen - 10 Year History

DateExchange RatePeriodChange
15 Dec 201881.4356Latest
08 Dec 201881.25801 Week+0.22%
15 Nov 201882.56331 Month-1.37%
18 Jun 201881.54116 Months-0.13%
15 Dec 201786.09291 Year-5.41%
15 Dec 201686.63672 Years-6%
16 Dec 201392.18405 Years-11.66%
17 Dec 200861.172310 Years+33.12%

AUD/CAD - Australian Dollar to Canadian Dollar - 10 Year History

DateExchange RatePeriodChange
15 Dec 20180.9608Latest
08 Dec 20180.96041 Week+0.04%
15 Nov 20180.95741 Month+0.36%
18 Jun 20180.97816 Months-1.77%
15 Dec 20170.98391 Year-2.35%
15 Dec 20160.97912 Years-1.87%
16 Dec 20130.94725 Years+1.44%
17 Dec 20080.837210 Years+14.76%

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