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St George Bank Exchange Rates – BER Review

In this article we take a look at St George Bank exchange rates and examine how St George foreign exchange compares to other options available to you.

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St George Bank Exchange Rates – comparison table and usage guide

Like all the leading banks, St George Bank offers a wide range of currency related products and services to its customers. If you are a customer of St George and use internet banking to transfer money overseas then you will be interested to learn how St George Bank exchange rates compare to other providers.

A basic knowledge of St George Bank exchange rates will help you to find the best currency exchange provider for your needs and:

  • Compare exchange rates for options like Travel Money (cash), Travel Cards and International Money Transfers (IMT)
  • Understand and find the right St George Bank exchange rate
  • Learn to use St George Bank exchange rates for currency conversion
  • Read St George FX reviews by customers of St George Bank
  • Compare St George Bank exchange rates with that of specialist FX providers
  • Compare exchange rates for options like Travel Money (cash), Travel Cards and International Money Transfers (IMT)

Foreign Transfers - How do St George Bank Exchange Rates & Fees Compare?

Foreign Transfer ProvidersReceive USD($)Exchange RateFee AUDTotal CostDeal Links
St George Bank International Money Transfers
St George Bank logo
6,374.23 USD
Compare
0.6387205.98%
OFX (OzForex) logo
6,726 USD
352 USD
0.67260^0.8%
Westpac logo
6,722.53 USD
348 USD
0.6736200.85%
ANZ Bank logo
6,561.17 USD
187 USD
0.6573183.23%
BankSA International Money Transfers
BankSA logo
6,529.91 USD
156 USD
0.654320.013.69%
Bank of Melbourne International Money Transfers
Bank of Melbourne logo
6,529.26 USD
155 USD
0.6543213.7%
Bank of Queensland logo
6,523.37 USD
149 USD
0.6543303.79%
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
6,513 USD
139 USD
0.6526153.94%
National Australia Bank (nab) logo
6,473.73 USD
100 USD
0.6488224.52%
Commonwealth Bank (CBA) logo
6,389.16 USD
15 USD
0.63936 5.76%
St George Bank: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:0.6387 (5.8% from mid-rate)
USD amount:6,374.23 USD
Total Cost:5.98%
Time:
Rate Fetched: website - 0:35 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
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:0.6726 (0.8% from mid-rate)
USD amount:6,726 USD
Total Cost:0.8%
Difference:
352 USD more than using St George Bank
Time:
Rate Fetched: 0:35 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
Westpac: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:0.6736 (0.65% from mid-rate)
USD amount:6,722.53 USD
Total Cost:0.85%
Difference:
348 USD more than using St George Bank
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
AUD amount:$10,000 AUD
Fee:18
Exchange Rate:0.6573 (3.05% from mid-rate)
USD amount:6,561.17 USD
Total Cost:3.23%
Difference:
187 USD more than using St George Bank
Time:
Rate Fetched: website - Sun Aug 18 2019 00:03:04 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:0.6543 (3.5% from mid-rate)
USD amount:6,529.91 USD
Total Cost:3.69%
Difference:
156 USD more than using St George Bank
Time:
Rate Fetched: website - 0:35 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:0.6543 (3.5% from mid-rate)
USD amount:6,529.26 USD
Total Cost:3.7%
Difference:
155 USD more than using St George Bank
Time:
Rate Fetched: website - 0:35 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:0.6543 (3.5% from mid-rate)
USD amount:6,523.37 USD
Total Cost:3.79%
Difference:
149 USD more than using St George Bank
Time:
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:0.6591 (2.79% from mid-rate)
USD amount:6,513 USD
Total Cost:3.94%
Difference:
139 USD more than using St George Bank
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:0.6488 (4.31% from mid-rate)
USD amount:6,473.73 USD
Total Cost:4.52%
Difference:
100 USD more than using St George Bank
Time:
Rate Fetched: website - Sun Aug 18 2019 00:05:02 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
AUD amount:$10,000 AUD
Fee:6
Exchange Rate:0.6393 (5.71% from mid-rate)
USD amount:6,389.16 USD
Total Cost:5.76%
Difference:
15 USD more than using St George Bank
Time:
Rate Fetched: website - Sun Aug 18 2019 00:02:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1.2/5.0
Reviews:
 
Snapshot 08/18/2019 - See full table
Foreign Transfers Comparison Table - CBA Compared
 

Travel Money - St George Bank Exchange Rates & Fees - Compared

Travel Money ProvidersAmount USD($)Exchange RateFee AUDTotal CostDeal Links
St George Bank Foreign Currency
St George Bank logo
635.52 USD
Compare
0.6452A$156.27%
Westpac logo
666.86 USD
31 USD
0.6736A$101.64%
Travelex Online AU logo
660.20 USD
25 USD
0.6602$0 BPay, Card 0.72%-1%2.63%
ANZ Bank logo
650.73 USD
15 USD
0.6573A$104.02%
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
645.26 USD
9.74 USD
0.6532104.83%
Bank of Melbourne Foreign Currency
Bank of Melbourne logo
644.49 USD
8.97 USD
0.6543A$154.94%
BankSA Foreign Currency
BankSA logo
644.49 USD
8.97 USD
0.6543A$154.94%
Commonwealth Bank (CBA) logo
639.34 USD
3.82 USD
0.6458A$105.7%
National Australia Bank (nab) logo
635.38 USD
0.14 USD
0.6418106.29%
St George Bank: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:A$15 AUD (Minimum fee)
Exchange Rate:0.6452 (4.84% from mid-rate)
USD amount:635.52 USD
Total Cost:6.27%
Time:
Rate Fetched: website - 0:35 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
Westpac: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:0.6736 (0.65% from mid-rate)
USD amount:666.86 USD
Total Cost:1.64%
Time:
Rate Fetched: website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
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% Visa credit
Exchange Rate:0.6602 (2.63% from mid-rate)
USD amount:660.20 USD
Total Cost:2.63%
Time:
Rate Fetched: Sat Aug 17 2019 23:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
ANZ Bank: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:0.6573 (3.05% from mid-rate)
USD amount:650.73 USD
Total Cost:4.02%
Time:
Rate Fetched: website - Sun Aug 18 2019 00:03:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 3/5.0
Reviews:
 

Banks - Average Rate

Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:0.6445 (4.94% from mid-rate)
USD amount:645.26 USD
Total Cost:4.83%
Currency Services:Branch
Delivery/Collect:-
Bank of Melbourne: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:A$15 AUD (Minimum fee)
Exchange Rate:0.6543 (3.5% from mid-rate)
USD amount:644.49 USD
Total Cost:4.94%
Time:
Rate Fetched: website - 0:35 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
BankSA: Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:A$15 AUD (Minimum fee)
Exchange Rate:0.6543 (3.5% from mid-rate)
USD amount:644.49 USD
Total Cost:4.94%
Time:
Rate Fetched: website - 0:35 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Commonwealth Bank (CBA): Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:0.6458 (4.75% from mid-rate)
USD amount:639.34 USD
Total Cost:5.7%
Time:
Rate Fetched: website - Sun Aug 18 2019 00:02:02 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1.2/5.0
Reviews:
National Australia Bank (nab): Travel Money AUD→USD
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:0.6418 (5.34% from mid-rate)
USD amount:635.38 USD
Total Cost:6.29%
Time:
Rate Fetched: website - 0:35 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2.1/5.0
Reviews:
 
Snapshot 08/18/2019 - See full table
 

Exchange rates Explained

To the common man, the very word exchange rate brings to mind the picture of some complicated calculation and transaction. However, it is easy to understand exchange rates if you understand a few details. For instance, exchange rate depends on several factors such as:

  • The currency you want
  • Transaction – whether you wish to buy or sell the currency
  • The type of product – Travel Money, a Travel Card or International money transfer

St George Bank Exchange Rate Table

Let’s use the above chart to learn more about currency, transaction type, exchange rates and their calculation under various situations.

Currency

Let’s assume that you are heading to the US and would like to know about the exchange rates of the Dollar (USD). Although there would be a long list of exchange rates across various currencies, in this case, you should look at only the exchange rates for the USD. Likewise, if you are travelling to Italy, France, or any other European Country, you’ll need to find the exchange rates of the Euro. You should check the exchange rates of the GBP if you are travelling to the UK. In short, you need to look at the exchange rates of your host country only.

Transaction

The next determinant of the exchange value is the type of transaction – that is, whether you are buying or selling the foreign currency. If you are travelling abroad, you’ll invariably need to buy some foreign currency. Conversely, if you have just returned from a foreign trip, with some spare foreign currency, you will have to sell the same.

You can see that the sample chart above carries the details of both purchase and sale price of several currencies (usually the banks will list the exchange rates of all the currencies they deal with). If you are travelling overseas, you’ll need foreign currency and hence, you should check the details under the columns marked as ‘Bank Sells’. The bank will offer you these rates when you purchase the desired foreign currency from them.

If you wish to sell foreign currency or if you wish to receive money from overseas, you should look at the figures under the columns marked as ‘Bank Buys’. The bank will buy the foreign currency from you for the rates quoted.

Type of product you need

Now that you have understood the buying and selling rates, you’ll have to choose the type of product to suit your need. As St George Bank exchange rates differ slightly across the products, the amount you receive in exchange also varies accordingly. Use the table for the finding the exchange rates for various products and choose the best combination you wish.

The term Telegraphic Transfer refers to the exchange rate that you’ll receive if you make a St George bank transfer to or from another bank account overseas.

The term “Travel Card/Chq” refers to the exchange rate you’ll receive if you load a St George Travel Card to meet your foreign travel needs.

“Notes/Cash” refer to the exchange rate you’ll receive if you are to buy or sell currency in hard cash through the bank’s branch. Please remember that exchange rates at other places like the airport would be different.

How do you calculate currency conversions?

Once you match your product with the right exchange rate, you can proceed to currency conversion calculation. The general rule of thumb is:

  • Convert AUD into foreign currency by multiplying it by the rate
  • Convert foreign currency into AUD by dividing it by the rate

Here are some conversion calculations for various situations:

Buying Travel Money

A common question heard during the purchase of travel money is – How much Currency will your money buy?

If you know clearly the amount of money you want to convert, you can use the following formula:

Australian Dollars in hand multiplied by the exchange rate of notes = the amount of money you will receive in foreign currency.

For example, if you have AUD 1000 with you and wish to buy USD at the rate of .7172, then the amount of USD you’ll get in exchange is:

1000 AUD * 0.7172 = 717.2 USD

Another frequent question is – What will be the cost to buy a certain amount of currency?

If you wish to buy a certain amount of foreign currency, here is how to calculate the cost in AUD:

AUD Cost = Amount of Currency You Want to Buy/Exchange Rate of Notes

1000 GBP / 0.5287 = 1891.43 AUD

What would it cost to send a certain amount of currency overseas?

The calculation to send a fixed amount of money overseas is the same as buying travel money (AUD Cost = Amount of Currency You Want to Buy/Exchange Rate). Here, you should remember that the exchange rates would slightly differ between notes and IMT/TT.

What are the rates for receiving currency from overseas?

To calculate the amount of money you should receive in AUD from overseas, use the following calculation:

The AUD You Receive = Amount of Currency Received/Exchange Rate for IMT/TT

1000/0.5878 = 1701.25AUD

Thus, a simple calculation can help you find the exchange rates for the foreign currency required. A main point to remember is that there would be slight rate variations according to the type of product you wish to buy/sell. Also, not all products and services might be available across all currencies. Furthermore, rates will be different at St George Foreign Exchange centres.

St George Bank Exchange Rates

Foreign TransfersTravel MoneyTravel Cards
Use our calculators to compare St George bank exchange rates to FX specialists. Quickly calculate how much you could save on your next foreign transfer or travel money purchase.

Now, armed with this information on St George Bank Exchange rates, you can start making informed currency buying decisions. For more information on current St George Bank exchange rates, please click here

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Posted to: Banks

 

1 Review for “St George Bank Exchange Rates – BER Review”

  1. Avatar sue says:

    you have good rates, but why can’t I purchase Euros on line?
    You competitors offer this service!

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