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HSBC Exchange Rates Compared


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.

Compare AUD to USD Foreign Transfers vs the Banks

Foreign Transfer ProvidersAmount USD($)Exchange RateFee AUDTotal CostTransfer ServicesTransfer SpeedReviewsDeal Links
OFX (OzForex) logo
7,081 USD0.70810^1.42%Bank Transfers - Online & Phone1-2 days
 
TorFX logo
7,078 USD0.707801.46%Bank Transfers - Online & Phone1-2 days
 
ANZ Bank logo
6,968.43 USD0.6981182.99%Online, Branch, Bank Transfers2-3 days
 
BankSA
BankSA logo
6,918.13 USD0.693220.013.69%Online, Branch, Bank Transfers2-3 days
Bank of Melbourne
Bank of Melbourne logo
6,917.44 USD0.6932213.7%Online, Branch, Bank Transfers2-3 days
Bank of Queensland logo
6,911.2 USD0.6932303.78%Online, Branch, Bank Transfers2-3 days
 
Banks - Average Rate
National Australia Bank (nab) logo Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo Bank of Queensland logo Bank of Melbourne logo BankSA logo
6,848 USD0.6862154.66%Online, Branch, Bank Transfers2-3 days
National Australia Bank (nab) logo
6,840.92 USD0.6856224.76%Online, Branch, Bank Transfers2-3 days
 
Commonwealth Bank (CBA) logo
6,761.94 USD0.67666 5.86%Online, Branch, Bank Transfers2-3 days
 
St George Bank logo
6,745.48 USD0.6759206.09%Online, Branch, Bank Transfers2-3 days
 
Westpac logo
6,722.53 USD0.6736206.41%Online, Branch, Bank Transfers2-3 days
 
OFX (OzForex): Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:0.7081 (1.42% from mid-rate)
USD amount:7,081 USD
Total Cost:1.42%
Time:
Rate Fetched: Sun Dec 16 2018 16:00:05 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
TorFX: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:0
Exchange Rate:0.7078 (1.46% from mid-rate)
USD amount:7,078 USD
Total Cost:1.46%
Difference:
$3 less than using OFX (OzForex)
Time:16:45 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
ANZ Bank: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:18
Exchange Rate:0.6981 (2.81% from mid-rate)
USD amount:6,968.43 USD
Total Cost:2.99%
Difference:
$113 less than using OFX (OzForex)
Time:
Rate Fetched: website - Sun Dec 16 2018 16:03:04 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
BankSA: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:20.01
Exchange Rate:0.6932 (3.49% from mid-rate)
USD amount:6,918.13 USD
Total Cost:3.69%
Difference:
$163 less than using OFX (OzForex)
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
AUD amount:$10,000 AUD
Fee:21
Exchange Rate:0.6932 (3.49% from mid-rate)
USD amount:6,917.44 USD
Total Cost:3.7%
Difference:
$164 less than using OFX (OzForex)
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
AUD amount:$10,000 AUD
Fee:30
Exchange Rate:0.6932 (3.49% from mid-rate)
USD amount:6,911.2 USD
Total Cost:3.78%
Difference:
$170 less than using OFX (OzForex)
Time:
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 

Banks - Average Rate
National Australia Bank (nab) logo Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo Bank of Queensland logo Bank of Melbourne logo BankSA logo

Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:0.7021 (2.26% from mid-rate)
USD amount:6,848 USD
Total Cost:4.66%
Difference:
$233 less than using OFX (OzForex)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
National Australia Bank (nab): Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:22
Exchange Rate:0.6856 (4.55% from mid-rate)
USD amount:6,840.92 USD
Total Cost:4.76%
Difference:
$240 less than using OFX (OzForex)
Time:
Rate Fetched: website - Sun Dec 16 2018 16:05:03 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
AUD amount:$10,000 AUD
Fee:6
Exchange Rate:0.6766 (5.81% from mid-rate)
USD amount:6,761.94 USD
Total Cost:5.86%
Difference:
$319 less than using OFX (OzForex)
Time:
Rate Fetched: website - Sun Dec 16 2018 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
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:0.6759 (5.9% from mid-rate)
USD amount:6,745.48 USD
Total Cost:6.09%
Difference:
$336 less than using OFX (OzForex)
Time:
Rate Fetched: website - 16:45 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
Westpac: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:0.6736 (6.22% from mid-rate)
USD amount:6,722.53 USD
Total Cost:6.41%
Difference:
$358 less than using OFX (OzForex)
Time:
Rate Fetched: website - Sun Dec 16 2018 16:04:05 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/16/2018.
Total Cost = Fee + exchange rate margin vs AUD/USD mid-rate: 0.7183
Sending $AUD 10K with HSBC vs FX Providers
 

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.

Compare AUD to USD Travel Money Exchange Rates vs the Banks

Travel Money ProvidersAmount USD($)Exchange RateFee AUDTotal CostCurrency ServicesDelivery SpeedReviewsDeal Links
Travelex Online AU logo
700.20 USD
Top Provider
0.7002$0 BPay2.52%Online order, Branch pickup, Home delivery2-3 days
 
Travel Money Oz logo
699.50 USD
$0.7 less
0.6995$0 BPay, Credit Card 1%2.62%Online order, Branch pickup2-3 days
 
ANZ Bank logo
691.12 USD
$9.08 less
0.6981$103.78%Branch-
 
Bank of Melbourne
Bank of Melbourne logo
682.80 USD
$17 less
0.6932$154.94%Branch-
BankSA
BankSA logo
682.80 USD
$17 less
0.6932$154.94%Branch-
Banks - Average Rate
Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo National Australia Bank (nab) logo Bank of Melbourne logo BankSA logo
678.2 USD
$22 less
0.6865105.58%Branch-
Commonwealth Bank (CBA) logo
677.36 USD
$23 less
0.6842$105.7%Branch-
 
St George Bank logo
673.25 USD
$27 less
0.6835$156.27%Branch-
 
National Australia Bank (nab) logo
673.20 USD
$27 less
0.68106.28%Branch-
 
Westpac logo
666.86 USD
$33 less
0.6736$107.16%Branch-
 
Travelex Online AU: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1&percent; Visa credit
Exchange Rate:0.7002 (2.52% from mid-rate)
USD amount:700.20 USD
Total Cost:2.52%
Time:
Rate Fetched: Sun Dec 16 2018 16:00:05 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery Speed:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
Travel Money Oz: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$0 BPay, Credit Card 1%
Exchange Rate:0.6995 (2.62% from mid-rate)
USD amount:699.50 USD
Total Cost:2.62%
Time:
Rate Fetched: Sun Dec 16 2018 16:00:07 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup
Delivery Speed:2-3 days
Rating:
 
: 4.2/5.0
Reviews:
ANZ Bank: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$10 AUD (1%)
Exchange Rate:0.6981 (2.81% from mid-rate)
USD amount:691.12 USD
Total Cost:3.78%
Time:
Rate Fetched: website - Sun Dec 16 2018 16:03:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery Speed:-
Rating:
 
: 3/5.0
Reviews:
Bank of Melbourne: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$15 AUD (Minimum fee)
Exchange Rate:0.6932 (3.49% from mid-rate)
USD amount:682.80 USD
Total Cost:4.94%
Time:
Rate Fetched: website - 16:47 Local
Currency Services:Branch
Delivery Speed:-
Rating:
: /5.0
Reviews:
BankSA: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$15 AUD (Minimum fee)
Exchange Rate:0.6932 (3.49% from mid-rate)
USD amount:682.80 USD
Total Cost:4.94%
Time:
Rate Fetched: website - 16:47 Local
Currency Services:Branch
Delivery Speed:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo National Australia Bank (nab) logo Bank of Melbourne logo BankSA logo

Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:0.6828 (4.94% from mid-rate)
USD amount:678.2 USD
Total Cost:5.58%
Currency Services:Branch
Delivery Speed:-
Commonwealth Bank (CBA): Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$10 AUD (1%)
Exchange Rate:0.6842 (4.75% from mid-rate)
USD amount:677.36 USD
Total Cost:5.7%
Time:
Rate Fetched: website - Sun Dec 16 2018 16:02:02 GMT+0000 (UTC)
Currency Services:Branch
Delivery Speed:-
Rating:
 
: 1.2/5.0
Reviews:
St George Bank: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$15 AUD (Minimum fee)
Exchange Rate:0.6835 (4.84% from mid-rate)
USD amount:673.25 USD
Total Cost:6.27%
Time:
Rate Fetched: website - 16:47 Local
Currency Services:Branch
Delivery Speed:-
Rating:
 
: 1/5.0
Reviews:
National Australia Bank (nab): Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:0.6800 (5.33% from mid-rate)
USD amount:673.20 USD
Total Cost:6.28%
Time:
Rate Fetched: website - 16:47 Local
Currency Services:Branch
Delivery Speed:-
Rating:
 
: 2.1/5.0
Reviews:
Westpac: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:$10 AUD (1%)
Exchange Rate:0.6736 (6.22% from mid-rate)
USD amount:666.86 USD
Total Cost:7.16%
Time:
Rate Fetched: website - Sun Dec 16 2018 16:04:05 GMT+0000 (UTC)
Currency Services:Branch
Delivery Speed:-
Rating:
 
: 2/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/16/2018.
Total Cost = Fee + exchange rate margin vs AUD/USD mid-rate: 0.7183
Changing $AUD 2K with HSBC vs Ordering Online
 

For overseas transfers HSBC charge 3% of the total amount of each transaction.

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