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Compare & Save on Foreign Exchange

        Send Money to Australia

        We save you time and money when transferring money to Australia by comparing providers to help you get the Best Service, Rates and Fees.

        What’s in this Money Transfer to Australia guide?

        1. Compare AUD Transfers
        2. Compare Providers
        3. Recent AUD Trend
        4. Australian Dollar Forecasts
         

        Saving on AUD Money Transfers

        We make it easy to save money by making these fees and exchange rates easier to see and compare the best providers for sending money to Australia.

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        Sending money to Australia can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.

        Using your Bank to make international wire transfer to Australian dollars can be very expensive – often 5% to 10% worse than using a foreign exchange specialist to send to an Australian bank account or pay an invoice in AUD.

         


         

        Top Transfer to Australia Providers

        When choosing a provider to send money to Australia finding the best currency rate is generally everyone’s number one factor. Other important criteria to also consider are transfer speed, delivery options (bank transfer or cash pickup), customer servce, mobile apps and extra fees.

        You can read more about Currency Transfer and Travel Tips for Australia in our Australia FX guide.

         

         

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        USD to AUD Trend

        USD to AUD at 1.5205 is 2.0% below its 3-month average of 1.5522, having traded in a quite stable 5.9% range from 1.4985 to 1.5869
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          1 AUD = 0.6577 USD
        90-DAY LOW1d
        1-DAY +1.4%▲
         
        1 USD = 1.5205 AUD
        Sell USD  →  Buy AUD
        Track Rate
         

        What are AUD to USD forecasts?

        As of late, the Australian dollar (AUD) has demonstrated a rebound, with market speculation tipping it towards US66¢, indicating a 3.1% increase over its three-month average of 0.6443. The currency has seen relatively stable fluctuations, ranging 5.9% from 0.6302 to 0.6674. This strengthening move reflects expectations that the United States may have reached its interest rate peak, while the Reserve Bank of Australia is believed to have not yet concluded its rate hikes, with predictions of further tightening in the upcoming meetings. As a high-yielding currency closely linked to commodity exports, particularly iron ore - its largest export - the AUD is sensitive to shifts in global risk sentiment and China's construction demands.

        Looking ahead to 2024, FX analysts highlight the correlation between commodity prices, trade stances, and political events impacting the AUD's trajectory. Though the currency has recently gained an edge, analysts forecast that risk appetite will continue to play a crucial role in its valuation. The broader economic context indicates that slowing growth worldwide and variable risk landscapes could limit the AUD's ascent. However, the contraction in interest rate differentials as the Reserve Bank of Australia maintains a tighter monetary stance compared to other nations - potentially cutting rates more gradually - may offer underlying support for the AUD against the USD.

        On the flip side, the USD has showcased enduring resilience, buoyed by a robust economy and high Treasury yields. However, economists and Forex strategists suggest that the dominance of the USD may see a moderate decline into 2024, especially as the Federal Reserve gears towards its inaugural rate decrease. This anticipated pivot in U.S. monetary policy could lead to a softening dollar, bringing into play a host of economic uncertainties and geopolitical concerns that may challenge its strength. As the global economy contends with decelerating growth and domestic factors influencing risk appetite, the situational dynamics hint at a forthcoming period of adjustment for the USD, potentially easing the pressure off AUD/USD exchange rates.

        AUD/USD forecasts AUD/USD rates

         

        The following table looks at the performance of the AUD exchange rate against other currencies over time periods from the previous 2 days back to the last 5 years.