As a leading global bank, HSBC has a wide portfolio of services aimed to cater to their customers and their foreign exchange requirements. If you are a customer looking to send money overseas with HSBC Exchange Rates through an International Money Transfer (IMT) or get travel money, then read on.
AUD to USD International Money Transfers
| Foreign Transfer Providers | Receive USD(U$) | Exchange Rate | Fee AUD | Total Cost | Deal Links |
|---|
| U$6,722.53 Compare | 0.6736 | 20 | 0.79% | |
| U$6,616.07 U$106 less | 0.6628 | 18 | 2.36% | |
Average Bank Rate | U$6,532 U$191 less | 0.6545 | 15 | 3.6% | |
BankSA International Money Transfers
| U$6,525.92 U$197 less | 0.6539 | 20.01 | 3.69% | |
Bank of Melbourne International Money Transfers
| U$6,525.27 U$197 less | 0.6539 | 21 | 3.7% | |
| U$6,519.38 U$203 less | 0.6539 | 30 | 3.79% | |
| U$6,483.7 U$239 less | 0.6498 | 22 | 4.31% | |
| U$6,440.13 U$282 less | 0.6444 | 6 | 4.96% | |
| U$6,425.12 U$297 less | 0.6438 | 20 | 5.18% | |
| Westpac: Foreign Transfer AUD→USD |
|---|
| From Amount (AUD) | A$10,000 |
| Fee: | 20 |
| Exchange Rate: | 0.6736 (0.59% from mid-rate) |
| To Amount (USD) | U$6,722.53 |
| Total Cost: | 0.79% |
| Time: | Rate Fetched: website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC) |
| Transfer Speed: | 2-3 days |
| Services: | Online, Branch, Bank Transfers |
| Rating: | : 2/5.0 |
| Reviews: | |
| ANZ Bank: Foreign Transfer AUD→USD |
|---|
| From Amount (AUD) | A$10,000 |
| Fee: | 18 |
| Exchange Rate: | 0.6628 (2.18% from mid-rate) |
| To Amount (USD) | U$6,616.07 |
| Total Cost: | 2.36% |
| Difference: | |
| Time: | Rate Fetched: website - Thu Nov 14 2019 16:03:04 GMT+0000 (UTC) |
| Transfer Speed: | 2-3 days |
| Services: | Online, Branch, Bank Transfers |
| Rating: | : 3/5.0 |
| Reviews: | |
| Foreign Transfer AUD→USD |
|---|
| From Amount (AUD) | A$10,000 |
| Fee: | 15 |
| Exchange Rate: | 0.6616 (2.36% from mid-rate) |
| To Amount (USD) | U$6,532 |
| Total Cost: | 3.6% |
| Difference: | |
| Transfer Speed: | 2-3 days |
| Services: | Online, Branch, Bank Transfers |
| BankSA: Foreign Transfer AUD→USD |
|---|
| From Amount (AUD) | A$10,000 |
| Fee: | 20.01 |
| Exchange Rate: | 0.6539 (3.5% from mid-rate) |
| To Amount (USD) | U$6,525.92 |
| Total Cost: | 3.69% |
| Difference: | |
| Time: | Rate Fetched: website - 16:45 Local |
| Transfer Speed: | 2-3 days |
| Services: | Online, Branch, Bank Transfers |
| Rating: | : /5.0 |
| Reviews: | |
| Bank of Melbourne: Foreign Transfer AUD→USD |
|---|
| From Amount (AUD) | A$10,000 |
| Fee: | 21 |
| Exchange Rate: | 0.6539 (3.5% from mid-rate) |
| To Amount (USD) | U$6,525.27 |
| Total Cost: | 3.7% |
| Difference: | |
| Time: | Rate Fetched: website - 16:45 Local |
| Transfer Speed: | 2-3 days |
| Services: | Online, Branch, Bank Transfers |
| Rating: | : /5.0 |
| Reviews: | |
| Bank of Queensland: Foreign Transfer AUD→USD |
|---|
| From Amount (AUD) | A$10,000 |
| Fee: | 30 |
| Exchange Rate: | 0.6539 (3.5% from mid-rate) |
| To Amount (USD) | U$6,519.38 |
| Total Cost: | 3.79% |
| Difference: | |
| Time: | |
| Transfer Speed: | 2-3 days |
| Services: | Online, Branch, Bank Transfers |
| Rating: | : 3/5.0 |
| Reviews: | |
| National Australia Bank (nab): Foreign Transfer AUD→USD |
|---|
| From Amount (AUD) | A$10,000 |
| Fee: | 22 |
| Exchange Rate: | 0.6498 (4.1% from mid-rate) |
| To Amount (USD) | U$6,483.7 |
| Total Cost: | 4.31% |
| Difference: | |
| Time: | Rate Fetched: website - Thu Nov 14 2019 16:05:02 GMT+0000 (UTC) |
| Transfer Speed: | 2-3 days |
| Services: | Online, Branch, Bank Transfers |
| Rating: | : 2.1/5.0 |
| Reviews: | |
| Commonwealth Bank (CBA): Foreign Transfer AUD→USD |
|---|
| From Amount (AUD) | A$10,000 |
| Fee: | 6 |
| Exchange Rate: | 0.6444 (4.9% from mid-rate) |
| To Amount (USD) | U$6,440.13 |
| Total Cost: | 4.96% |
| Difference: | |
| Time: | Rate Fetched: website - Thu Nov 14 2019 16:02:02 GMT+0000 (UTC) |
| Transfer Speed: | 2-3 days |
| Services: | Online, Branch, Bank Transfers |
| Rating: | : 1.2/5.0 |
| Reviews: | |
| St George Bank: Foreign Transfer AUD→USD |
|---|
| From Amount (AUD) | A$10,000 |
| Fee: | 20 |
| Exchange Rate: | 0.6438 (4.99% from mid-rate) |
| To Amount (USD) | U$6,425.12 |
| Total Cost: | 5.18% |
| Difference: | |
| Time: | Rate Fetched: website - 16:45 Local |
| Transfer Speed: | 2-3 days |
| Services: | Online, Branch, Bank Transfers |
| Rating: | : 1/5.0 |
| Reviews: | |
From this article, you will
- Find the right exchange rate as per your need.
- Calculate currency conversion by using the exchange rates
- Compare the HSBC exchange rates to that of other foreign exchange providers
The components that decide HSBC exchange rates
There are three main components that decide the exchange rates for a currency. They are:
- The currency itself
- Type of transaction – buy or sell
- Product purchased (cash, travel card or bank transfer)
Before going into each component in detail, let’s understand this better by looking at an actual table that carries all factors. It lists the exchange rates of various currencies on a given day. You can use this table to understand the HSBC exchange rates better.
Currency
The exchange rates primarily depend on the currency you wish to buy or sell. Assuming you are travelling to the US, you’ll need USD, and if travelling to New Zealand, you’ll need NZD. Once you decide upon the currency you need to buy or sell, all you have to do is check the rates relevant to that currency. So, if you are travelling to the US, check the row showing rates of USD in the above table. If travelling to New Zealand, check the rates of NZD only.
HSBC lets you take advantage of currency fluctuations and exchange foreign currencies online at real-time FX rates throughout the day.
Type of transaction
Once you’ve decided upon the foreign currency you need, the next step is to decide what you want to do with it. Are you looking to convert from, say, AUD to USD or EURO or any other foreign currency? In that case, you can check the exchange rates for buying foreign currency found under the column – ‘sending money overseas or buying travel money’. Please note the fact that there are slight differences in the rates offered for each option across a currency. If you planning the reverse, i.e., have excess foreign currency with you that you need to convert back to AUD, you would want to sell it. In that case, you’ll have to refer to the rates under the column ‘Have foreign currency to convert?’
Please note that the conversion from AUD to a foreign currency or vice versa will have different cross currency rates at work. That is, for 1AUD, you get USD at one rate, and when converting back from, say USD, you get AUD at another rate.
Product required
Another factor that determines exchange rates is the type of product you wish to buy. Cash or Travel money, Travel cards, and International money transfers (IMT) are the main products offered by HSBC. As the names suggest, if you are travelling to another country, you would need foreign currency in hard cash or a travel card. Carrying a lot of cash may be risky and travel cards might work out to be a better option in some cases. If you are remitting foreign exchange to anyone abroad, an international money transfer is all you need to do. Another option is to use a combination of all three options depending on your situation.
Are there any hidden costs?
There is a cost attached to these transfers that are dependent on the amount involved. The default limit for online transfer is $25,000 and there is a $25 fee levied for these. Additional fees imposed by an intermediary or recipient bank and also for any amendments, cancellation or for tracing a payment could vary between $20 and $30, depending on the bank.
Incidentally, there are no fees while making the transfer over the phone.
Time taken to do an international money transfer through HSBC
The turnaround time for an international transfer originating from a branch of HSBC to an overseas account depends on the country of the target account. The credit to the beneficiary can happen in anything from one to three business days.
Travel Money
HSBC Australia has partnered with Travelex to provide foreign currency services in HSBC branches around Australia, so you can organise your currency needs while you bank. Travelex is the world’s largest retail foreign exchange operator and serves customers in over 1000 locations. With over 50 currencies available in branches and over 35 currencies available to buy online, Travelex is the first stop over on your travel itinerary.
At Travelex counters in HSBC branches you will have access to foreign currency, Travelex Cash Passport, Travellers Cheques and other travel money related products.
| Travel Money Providers | Amount USD(U$) | Exchange Rate | Fee AUD | Total Cost | Deal Links |
|---|
| U$666.86 Compare | 0.6736 | A$10 | 1.59% | |
| U$656.17 U$11 less | 0.6628 | A$10 | 3.16% | |
Average Bank Rate | U$647.31 U$20 less | 0.6553 | 10 | 4.47% | |
| U$644.39 U$22 less | 0.6509 | A$10 | 4.9% | |
Bank of Melbourne Foreign Currency
| U$644.09 U$23 less | 0.6539 | A$15 | 4.95% | |
BankSA Foreign Currency
| U$644.09 U$23 less | 0.6539 | A$15 | 4.95% | |
| U$640.45 U$26 less | 0.6502 | A$15 | 5.48% | |
| U$635.09 U$32 less | 0.6415 | 10 | 6.27% | |
| Westpac: Travel Money AUD→USD |
|---|
| From Amount (AUD) | A$1,000 |
| Fee: | A$10 AUD (1%) |
| Exchange Rate: | 0.6736 (0.59% from mid-rate) |
| To Amount (USD) | U$666.86 |
| Total Cost: | 1.59% |
| Time: | Rate Fetched: website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC) |
| Currency Services: | Branch |
| Delivery/Collect: | - |
| Rating: | : 2/5.0 |
| Reviews: | |
| ANZ Bank: Travel Money AUD→USD |
|---|
| From Amount (AUD) | A$1,000 |
| Fee: | A$10 AUD (1%) |
| Exchange Rate: | 0.6628 (2.18% from mid-rate) |
| To Amount (USD) | U$656.17 |
| Total Cost: | 3.16% |
| Time: | Rate Fetched: website - Thu Nov 14 2019 16:03:04 GMT+0000 (UTC) |
| Currency Services: | Branch |
| Delivery/Collect: | - |
| Rating: | : 3/5.0 |
| Reviews: | |
| Travel Money AUD→USD |
|---|
| From Amount (AUD) | A$1,000 |
| Fee: | 10 |
| Exchange Rate: | 0.6441 (4.94% from mid-rate) |
| To Amount (USD) | U$647.31 |
| Total Cost: | 4.47% |
| Currency Services: | Branch |
| Delivery/Collect: | - |
| Commonwealth Bank (CBA): Travel Money AUD→USD |
|---|
| From Amount (AUD) | A$1,000 |
| Fee: | A$10 AUD (1%) |
| Exchange Rate: | 0.6509 (3.94% from mid-rate) |
| To Amount (USD) | U$644.39 |
| Total Cost: | 4.9% |
| Time: | Rate Fetched: website - Thu Nov 14 2019 16:02:02 GMT+0000 (UTC) |
| Currency Services: | Branch |
| Delivery/Collect: | - |
| Rating: | : 1.2/5.0 |
| Reviews: | |
| Bank of Melbourne: Travel Money AUD→USD |
|---|
| From Amount (AUD) | A$1,000 |
| Fee: | A$15 AUD (Minimum fee) |
| Exchange Rate: | 0.6539 (3.5% from mid-rate) |
| To Amount (USD) | U$644.09 |
| Total Cost: | 4.95% |
| Time: | Rate Fetched: website - 16:47 Local |
| Currency Services: | Branch |
| Delivery/Collect: | - |
| Rating: | : /5.0 |
| Reviews: | |
| BankSA: Travel Money AUD→USD |
|---|
| From Amount (AUD) | A$1,000 |
| Fee: | A$15 AUD (Minimum fee) |
| Exchange Rate: | 0.6539 (3.5% from mid-rate) |
| To Amount (USD) | U$644.09 |
| Total Cost: | 4.95% |
| Time: | Rate Fetched: website - 16:47 Local |
| Currency Services: | Branch |
| Delivery/Collect: | - |
| Rating: | : /5.0 |
| Reviews: | |
| St George Bank: Travel Money AUD→USD |
|---|
| From Amount (AUD) | A$1,000 |
| Fee: | A$15 AUD (Minimum fee) |
| Exchange Rate: | 0.6502 (4.04% from mid-rate) |
| To Amount (USD) | U$640.45 |
| Total Cost: | 5.48% |
| Time: | Rate Fetched: website - 16:47 Local |
| Currency Services: | Branch |
| Delivery/Collect: | - |
| Rating: | : 1/5.0 |
| Reviews: | |
| National Australia Bank (nab): Travel Money AUD→USD |
|---|
| From Amount (AUD) | A$1,000 |
| Fee: | 10 |
| Exchange Rate: | 0.6415 (5.33% from mid-rate) |
| To Amount (USD) | U$635.09 |
| Total Cost: | 6.27% |
| Time: | Rate Fetched: website - 16:47 Local |
| Currency Services: | Branch |
| Delivery/Collect: | - |
| Rating: | : 2.1/5.0 |
| Reviews: | |
For overseas transfers HSBC charge 3% of the total amount of each transaction.
“We were wrong,” said HSBC’s head of strategy David Bloom as he cancelled the bank’s forecast for the euro to reach parity with sterling this year. For much of 2017, HSBC analysts have been among the gloomiest on sterling with their predictions for continued declines in the currency against both the euro and dollar. Bloom had […]
Last update: 16 Feb, 2019
Posted to: Banks FinTech Global HSBC
Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates
and should not be taken as a reference to buy or sell any financial product.
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