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Foreign Exchange Guide to Tuvalu

Latest market mid-rate: 1.0 =

Country Code:
TV
Domestic Currency:
Australian dollar
Symbol - Code:
$ AUD
Telephone Prefix:
+688

In this guide we review :

  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. Buying Australian dollar cash online - travel money for Tuvalu
  4. Sending money to Tuvalu - save on Australian dollar bank transfers to Tuvalu
  5. Australian dollar exchange rates - latest info & charts.

Australian dollar (AUD) general currency information

The three letter currency code for the Australian dollar is AUD and the symbol is $. 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, it trades in the world foreign exchange markets behind the US dollar, the euro, the yen and the pound sterling. The Australian dollar 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 Australian dollar took a hit in February and March, during which it gave up 4% of its value against the US dollar, and it continues to struggle in April.

In the third week of April, a rather dovish set of RBA meeting minutes eliminated gains made during a modest recovery period earlier in the month and the Aussie was once again in the mid-0.76s versus USD – it had been as high as 0.813 in January – and was close to long-term lows against the euro, in the low 0.62s.

Over the medium term, the Australian dollar is likely to receive support from commodities, which will continue to rally according to a PIMCO analyst. Speaking in April, the analyst said that commodities “would shine” given the transition to an environment in which low and stable inflation is preferable.

Any support lent by commodities will, however, be offset by a central bank that sees little reason for a near-term increase in interest rates and by uncertainties surrounding a potential US-China trade war. Trade tensions were at least eased when at the Boao Forum in April, Chinese President Xi Jinping spoke of the need to ease tariffs and further open up China’s economy.

In March, the median estimate of analysts polled by Reuters had AUD/USD at 0.78 at year-end.

The interactive chart below shows the AUD to USD 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.

Loading AUD/USD Chart
AUD calculator

Tuvalu Trip Checklist   

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

Travel money for Tuvalu

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 Exchange Rates Compared

Buying AUD Cash with USD 1,000

 Travelex Online
1USD=1.1446AUD
$1144.60 AUD (12.15%)
Free Home Delivery when you Buy Online Travel Money & Cards with $0 commission and great exchange rates only available from Travelex Online. Zero cost for Home Delivery or pickup your foreign cash at your local Travelex store or at the airport on departure day. * Home deliveries can only be made to the registered billing address of your chosen payment method.
Price Details
Receive: $1144.60 AUD
Exchange Rate: 1.1446
(Inverse 1AUD=USD 0.8737)
Fees: USD 0
Total Cost : 12.15% (from mid-rate: 1.3029)
Amount of money that could be received by your currency exchange at rate USD/AUD=1.1446 and inclusive of the fee of USD 0.
Rate timestamp : Sun Apr 22 2018 03:00:03 GMT+0000 (UTC)
Bank Rates - Average
1USD=1.14AUD
$1128.60 AUD (13.38%)
This is the average USD to AUD Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: $1128.60 AUD
Exchange Rate: 1.1400
(Inverse 1AUD=USD 0.8772)
Fees: USD 10 (1%)
Total Cost : 13.38% (from mid-rate: 1.3029)
Receive AUD $16 less than with   Travelex Online
Amount of money that could be received by your currency exchange at rate USD/AUD=1.14 and inclusive of the fee of USD 10 (1%).
Rates snapshot: 04/22/2018
 

Sending money to Tuvalu

When sending money to Tuvalu 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 3 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 Tuvalu.

By comparing the 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 in Tuvalu and less margins and fees kept by the banks!

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending USD 10,000 to AUD

 OFX (prev. USForex)
1USD=1.2783AUD
$12,783 AUD (1.89%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: $12,783 AUD
Exchange Rate: 1.2783
(Inverse 1AUD=USD 0.7823)
Fees: USD 0
Total Cost : 1.89% (from mid-rate: 1.3029)
This is the amount of money that could be received by your transfer at rate USD/AUD=1.2783 and inclusive of the fee of USD 0.
Rate timestamp : Sun Apr 22 2018 03:03:16 GMT+0000 (UTC)
Bank Rates - Average
1USD=1.2438AUD
$12,419 AUD (4.68%)
This is the average USD to AUD International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: $12,419 AUD
Exchange Rate: 1.2438
(Inverse 1AUD=USD 0.8040)
Fees: USD 15
Total Cost : 4.68% (from mid-rate: 1.3029)
Receive AUD $364 less than with   OFX
This is the amount of money that could be received by your transfer at rate USD/AUD=1.2438 and inclusive of the fee of USD 15.
 

Australian dollar - exchange rates

Major AUD cross rates
View Full List (A-Z)
1AUD=

Australian dollar News

UK Unemployment Hits 42-Year Low – Pound (GBP) Exchange Rates Fail to ...
Commodities to Battle Air Strikes and Trade War for Influence on Australian...
Pound (GBP) Exchange Rates Crawl Higher as Markets Respond to US-China ...
UK Unemployment Hits 42-Year Low – Pound (GBP) Exchange Rates Fail to ...
Commodities to Battle Air Strikes and Trade War for Influence on Australian...
Pound (GBP) Exchange Rates Crawl Higher as Markets Respond to US-China ...