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Foreign Exchange Guide to Kiribati

Read this currency guide to Kiribati with money transfer and travel tips.   [USD/AUD=1.461]

 
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

In late May the Australian dollar stabilized after a shocking mid-April to mid-May period, during which it suffered across-the-board losses, including losses worth 5 percent against the US dollar. May’s closing exchange rate of US69.3¢ keeps the Aussie near long-term lows, but it’s an improvement on May-17's rate of 68.7¢ — its lowest weekly closing rate since early 2016.

A stuttering domestic economy and elevated US-China trade tensions (which threaten commodities demand and risk appetite) have driven the Aussie lower.

In an effort to support economic growth and boost inflation, which remains well below target, Australia's central bank cut interest rates in early June, and is expected to do so at least once more this year, making the Australian dollar susceptible to yield-chasing capital outflows.

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:

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($)Exchange RateFee USDTotal CostDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
1,368.9 AUD
Compare
1.368906.39%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
1,355 AUD
14 AUD
1.3689$107.33%
Wells Fargo Bank logo
1,341.52 AUD
27 AUD
1.3689$208.27%
Travelex Online US logo
1,281.8 AUD
87 AUD
1.28180^12.35%
 

U.S. Bank logoU.S. Bank

U.S. Bank: Travel Money USD→AUD
USD amount:$1,000 USD
Fee:0
Exchange Rate:1.3689 (6.39% from mid-rate)
AUD amount:1,368.9 AUD
Total Cost:6.39%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→AUD
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:1.2796 (12.5% from mid-rate)
AUD amount:1,355 AUD
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Travel Money USD→AUD
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:1.3689 (6.39% from mid-rate)
AUD amount:1,341.52 AUD
Total Cost:8.27%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
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:1.2818 (12.35% from mid-rate)
AUD amount:1,281.8 AUD
Total Cost:12.35%
Time:
Rate Fetched: Tue Jun 18 2019 04:00:05 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 06/18/2019 - 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($)Exchange RateFee USDTotal CostDeal Links
OFX logo
14,497 AUD
Best Overall
1.44970^0.84%
Wells Fargo Bank logo
14,196 AUD
301 AUD
1.4222182.9%
HSBC logo
14,186 AUD
311 AUD
1.4207$152.97%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
14,100 AUD
397 AUD
1.4182153.56%
Bank of America International Money Transfers
Bank of America logo
14,008 AUD
489 AUD
1.4149$1004.19%
U.S. Bank International Money Transfers
U.S. Bank logo
14,008 AUD
489 AUD
1.4149$1004.19%
 
OFX: Foreign Transfer USD→AUD
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.4497 (0.84% from mid-rate)
AUD amount:14,497 AUD
Total Cost:0.84%
Time:
Rate Fetched: Tue Jun 18 2019 04:02:26 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→AUD
USD amount:$10,000 USD
Fee:18
Exchange Rate:1.4222 (2.72% from mid-rate)
AUD amount:14,196 AUD
Total Cost:2.9%
Difference:
301 AUD less than using OFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer USD→AUD
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:1.4207 (2.82% from mid-rate)
AUD amount:14,186 AUD
Total Cost:2.97%
Difference:
311 AUD less than using OFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→AUD
USD amount:$10,000 USD
Fee:15
Exchange Rate:1.4120 (3.42% from mid-rate)
AUD amount:14,100 AUD
Total Cost:3.56%
Difference:
397 AUD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logoBank of America

Bank of America: Foreign Transfer USD→AUD
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.4149 (3.22% from mid-rate)
AUD amount:14,008 AUD
Total Cost:4.19%
Difference:
489 AUD less than using OFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Foreign Transfer USD→AUD
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.4149 (3.22% from mid-rate)
AUD amount:14,008 AUD
Total Cost:4.19%
Difference:
489 AUD less than using OFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 06/18/2019 - See full table
 

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

PeriodChange*AUD/USDDate
1 Day-0.36%0.687816 Jun 2019
1 Week-1.55%0.696110 Jun 2019
1 Month-0.13%0.686218 May 2019
6 Months-3.66%0.711319 Dec 2018
1 Year-7.89%0.744017 Jun 2018
5 Years-26.98%0.938518 Jun 2014
10 Years-15.16%0.807819 Jun 2009

*For period to 17-Jun 21UTC when AUD/USD was 0.6853

AUD/EUR - Australian Dollar to Euro - Historical Rates

PeriodChange*AUD/EURDate
1 Day-0.38%0.613216 Jun 2019
1 Week-0.67%0.615010 Jun 2019
1 Month-0.62%0.614718 May 2019
6 Months-2.21%0.624719 Dec 2018
1 Year-4.81%0.641817 Jun 2018
5 Years-11.59%0.691018 Jun 2014
10 Years+5.62%0.578419 Jun 2009

*For period to 17-Jun 21UTC when AUD/EUR was 0.6109

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

PeriodChange*AUD/GBPDate
1 Day+0.11%0.546116 Jun 2019
1 Week-0.33%0.548510 Jun 2019
1 Month+1.33%0.539518 May 2019
6 Months-2.95%0.563319 Dec 2018
1 Year-2.44%0.560417 Jun 2018
5 Years-1.1%0.552818 Jun 2014
10 Years+11.64%0.489719 Jun 2009

*For period to 17-Jun 21UTC when AUD/GBP was 0.5467

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