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Foreign Exchange Guide to Tuvalu

Read this currency guide to Tuvalu with money transfer and travel tips.   [USD/AUD=1.4747]

 
Tuvalu
Country Code:
TV
Domestic Currency:
Australian Dollar
Symbol - Code:
A$ AUD
Telephone Prefix:
+688

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


In this Tuvalu 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 Tuvalu - currency & money saving tips
  4. Buying Australian Dollar cash online - travel money for Tuvalu
  5. Sending money to Tuvalu - save on Australian Dollar bank transfers to Tuvalu
  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

In early August the Australian dollar sunk to a 10 year low of 67¢ (Aug-7) to the US dollar. This was due to the offshore yuan breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".

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:

Travel, Currency and Money saving tips for Tuvalu

 

Because Tuvalu is one of those off-the-beaten-track destinations (most of your friends won’t know where it is when you say you’re going there), it can be handy to have a bit of pre-travel information up your sleeve before arriving. Tuvalu is a remote island nation in the Pacific Ocean. It’s just south of the Equator, west of the International Date Line, two hours by air north of Fiji and part of the Commonwealth. It consists of nine islands and atolls (three true islands and six coral atolls), of which the main one is Funafuti, an atoll with the country’s only airstrip. Visitors are issued with a free 30-day tourist visa on arrival, and there’s no departure tax.

What currency is used in Tuvalu?

The local currency of Tuvalu is the Australian dollar, with Tuvaluan coins featuring Queen Elizabeth II on one side and local marine life (turtles, octopus, flying fish) on the other. There are no ATMs and credit cards aren’t accepted anywhere, so it’s cash-only even at hotels and guesthouses.

Getting around in Tuvalu?

In Funafuti, the best way to get around on the main island (called Fongafale) is by motorbike – rent one for $10 a day or hitch a ride on the back of someone else’s. No one wears a helmet, and there don’t seem to be any available for rent, but people tend to ride slowly and there’s little traffic. There are no flights to Tuvalu’s outer islands; they’re accessible by passenger ferry from Funafuti, and it can be a long trip (overnight or multi-day trips aren’t uncommon).

Most Tuvaluans speak English, even if they’re shy of using it, and all signs are in English. Still, it’s a good idea to learn a few words of Tuvaluan as an icebreaker, such as “talofa” (hello), “fafetai” (thank you) and “fetaui” (see you later).

 

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 ProvidersAmount AUD(A$)Exchange RateFee USDTotal CostDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
1,378.8 AUD
Compare
1.378806.4%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
1,365 AUD
14 AUD
1.3788$107.33%
Wells Fargo Bank logo
1,351.22 AUD
28 AUD
1.3788$208.27%
Travelex Online US logo
1,297.3 AUD
81 AUD
1.29730^11.93%
 

U.S. Bank logoU.S. Bank

U.S. Bank: Travel Money USD→AUD
USD amount:$1,000 USD
Fee:0
Exchange Rate:1.3788 (6.4% from mid-rate)
AUD amount:1,378.8 AUD
Total Cost:6.4%
Time:18:00 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:1.2889 (12.5% from mid-rate)
AUD amount:1,365 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:1.3788 (6.4% from mid-rate)
AUD amount:1,351.22 AUD
Total Cost:8.27%
Time:18:00 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:1.2973 (11.93% from mid-rate)
AUD amount:1,297.3 AUD
Total Cost:11.93%
Time:
Rate Fetched: Wed Aug 21 2019 16:00:05 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 08/21/2019 - See full table
 

Tuvalu Trip Checklist    

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

Sending money to Tuvalu

When searching around for information on how to get a good exchange rate when sending money to Tuvalu 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 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 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 Tuvalu.

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
14,612 AUD
Best Overall
1.46120^0.8%
Wells Fargo Bank logo
14,188 AUD
424 AUD
1.4214183.68%
HSBC logo
14,178 AUD
434 AUD
1.4199$153.75%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
14,092 AUD
520 AUD
1.4174154.33%
Bank of America International Money Transfers
Bank of America logo
14,000 AUD
612 AUD
1.4141$1004.96%
U.S. Bank International Money Transfers
U.S. Bank logo
14,000 AUD
612 AUD
1.4141$1004.96%
 
OFX: Foreign Transfer USD→AUD
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.4612 (0.8% from mid-rate)
AUD amount:14,612 AUD
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:
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→AUD
USD amount:$10,000 USD
Fee:18
Exchange Rate:1.4214 (3.5% from mid-rate)
AUD amount:14,188 AUD
Total Cost:3.68%
Difference:
424 AUD less than using OFX
Time:18:00 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:1.4199 (3.6% from mid-rate)
AUD amount:14,178 AUD
Total Cost:3.75%
Difference:
434 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
USD amount:$10,000 USD
Fee:15
Exchange Rate:1.4112 (4.2% from mid-rate)
AUD amount:14,092 AUD
Total Cost:4.33%
Difference:
520 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:1.4141 (4% from mid-rate)
AUD amount:14,000 AUD
Total Cost:4.96%
Difference:
612 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 logoU.S. Bank

U.S. Bank: Foreign Transfer USD→AUD
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.4141 (4% from mid-rate)
AUD amount:14,000 AUD
Total Cost:4.96%
Difference:
612 AUD less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/21/2019 - See full table
 

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

PeriodChange*AUD/USDDate
1 Day+0.1%0.677420 Aug 2019
1 Week+0.4%0.675414 Aug 2019
1 Month-3.54%0.703022 Jul 2019
6 Months-4.88%0.712922 Feb 2019
1 Year-7.88%0.736121 Aug 2018
5 Years-27.22%0.931722 Aug 2014
10 Years-18.71%0.834223 Aug 2009

*For period to 21-Aug 21UTC when AUD/USD was 0.6781

AUD/EUR - Australian Dollar to Euro - Historical Rates

PeriodChange*AUD/EURDate
1 Day+0.21%0.610420 Aug 2019
1 Week+0.92%0.606114 Aug 2019
1 Month-2.5%0.627422 Jul 2019
6 Months-2.72%0.628822 Feb 2019
1 Year-3.81%0.635921 Aug 2018
5 Years-13.06%0.703622 Aug 2014
10 Years+5.1%0.582023 Aug 2009

*For period to 21-Aug 21UTC when AUD/EUR was 0.6117

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

PeriodChange*AUD/GBPDate
1 Day+0.41%0.557020 Aug 2019
1 Week-0.14%0.560114 Aug 2019
1 Month-0.76%0.563622 Jul 2019
6 Months+2.4%0.546222 Feb 2019
1 Year-1.95%0.570421 Aug 2018
5 Years-0.52%0.562222 Aug 2014
10 Years+10.75%0.505023 Aug 2009

*For period to 21-Aug 21UTC when AUD/GBP was 0.5593

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