What’s in this Money Transfer to Australia guide?
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.
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.
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Best overall service and rates: OFX
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Fee Free: XE Money Transfer
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Send Airtime or Cash pick-up: WorldRemit
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Best App: Wise
You can read more about Currency Transfer and Travel Tips for Australia in our Australia FX guide.
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OFX at a glance
OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.
OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.
OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.
When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.
*Minimum transfer AU$250. Please note that the receiving bank or intermediary bank may charge fees on transactions. There are zero OFX fees on transactions. OzForex Limited (trading as OFX) regulated by ASIC (AFS Licence number 226 484) | ABN 65 092 375 703 | Member of the Australian Financial Complaints Authority (AFCA).
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XE money transfers at a glance
XE Money Transfer is a reputable and well-established international money transfer provider with a long history of providing reliable and secure services to its customers. Here are some key factors that contribute to XE Money Transfer's overall quality:
Competitive exchange rates: XE offers competitive exchange rates for its international money transfers, which can help you save money when sending funds overseas.
No fees: XE does not charge any extra fixed fees for its international money transfer services, which means you can send money without having to worry about additional charges.
Security: XE uses advanced encryption and security measures to protect its customers' personal and financial information, ensuring that your transactions are safe and secure.
Fast transfers: XE offers fast international money transfers, transfers can be booked online or over the phone and most are processed within a single working day.
Customer service: XE has a dedicated customer service team that is available to answer any questions or concerns you may have about your money transfer.
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WorldRemit at a glance
WorldRemit is a popular online money transfer service that allows users to send money to over 130 countries worldwide. The platform is known for its easy-to-use interface and low fees, making it a great option for people looking to send money to friends and family overseas.
One of the standout features of WorldRemit is its flexibility when it comes to payment and delivery options. Users can choose to send money via bank transfer, mobile money, or cash pickup, and recipients can receive funds through a bank account, mobile wallet, or cash pick-up location. This makes it easy for users to find a payment and delivery method that works best for them and their recipients.
In addition, WorldRemit offers competitive exchange rates and low fees, which can help users save money on international transfers. The platform also provides real-time updates on the status of transfers, so users can easily track their funds and ensure they arrive at their intended destination.
Overall, WorldRemit is a reliable and user-friendly platform for sending money internationally. Its wide range of payment and delivery options, competitive rates, and real-time updates make it a top choice for many users.
For more details on WorldRemit exchange rates, service and what their users think read our guide WorldRemit Foreign Transfers Reviewed.
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Wise at a glance
Wise (formerly TransferWise) always aim to convert money at the real mid-market exchange rate. There’s just a small, fair service fee, and it’s all shown up-front, this fee normally works out to be less than 1% of the amount being exchanged.
Exchange guaranteed within 2 business days - Pay via Bank Transfer or VISA/Mastercard debit cards.
Setup Direct Debits to Pay Bills abroad from AUD, CAD, EUR, GBP and USD accounts.
Multi-currency Accounts: Regardless of which country you live in, with a Wise Borderless Account you receive a unique set of GBP, EUR, USD, AUD, NZD, SGD, RON, CAD, HUF and TRY account details with which you can get paid like a local. Together with an account number, you’ll receive a SWIFT, BSB, routing and/or sort code and anything else needed to receive funds in those currencies.
Read our Review of Wise Borderless Account.
The Wise debit card are free to set up and use. And there's never any monthly fee and minimum balance to worry about.
You get two free ATM withdrawals worldwide up to a max amount every 30 days, then a charge on additional withdrawals.
Auto-convert any currency - Spend in any currency and the Wise smart tech will auto-convert it with the lowest possible fee.
Unlike practically all other Travel cards you can pay foreign currency into this card via your own personal foreign bank accounts.
For more details on Wise exchange rates, service and what their users think read our guide Wise Foreign Transfers Reviewed.
USD to AUD Trend
1 USD = 1.5341 AUD
Sell USD → Buy AUD
USD to AUD at 1.5342 is 2.4% above its 3-month average of 1.4982, having traded in a quite stable 4.2% range from 1.4742 to 1.5368
| 1 AUD = 0.6519 USD
90-DAY▲HIGH1d
4-DAY▲+2.0%1d
Track Rate
What are AUD to USD forecasts?
The Australian Dollar (AUD) initially stumbled this week due to a souring market mood that affected demand for the risk-sensitive currency. However, it managed to bounce back during the European session. FX analysts now focus on the latest PMI surveys, as evidence of an ongoing contraction in manufacturing activity could weaken the AUD, although strength in the services sector may mitigate such losses. The Australian Financial Review's survey of 36 economists predicts the AUD to reach 0.71 USD by the end of 2023, but the range varies from 0.67 to 0.77 US cents. The consensus is that the Reserve Bank of Australia (RBA) would make its first-rate cut in early 2024.
On the other hand, the US Dollar (USD) experienced modest gains as its safe-haven appeal increased amidst a bearish market mood triggered by escalating Sino-American economic tensions. Economists expect the USD's strength to reverse in 2023 as the Federal Reserve's interest rate hikes cycle comes to an end. PMI data from S&P Global could dampen USD demand, with weaker services readings and stalling factory activity anticipated. In terms of price data for the past 3 months, the AUD to USD exchange rate at 0.6513 is 2.5% below its 3-month average of 0.6677, trading within a stable 4.2% range from 0.6507 to 0.6783. Market views emphasize how AUD is influenced by changes in commodity prices, trade policies, and political developments, while USD is expected to face a reversal in strength in the coming years.
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.
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