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.
USD to AUD Trend
USD to AUD is at 90-day lows near 1.4984, 3.6% below its 3-month average of 1.5536, having traded in a quite stable 5.9% range from 1.4984 to 1.5869
| 1 AUD = 0.6667 USD
90-DAY LOW▼
1-DAY -1.0%▼
1 USD = 1.4999 AUD
Sell USD → Buy AUD
Track Rate
What are AUD to USD forecasts?
The Australian dollar has been exhibiting a turnaround as of late November, with its value climbing towards US66¢ amid market speculation. According to FX analysts, this upward movement is driven by expectations that U.S. interest rates may have peaked, while, on the other hand, the Reserve Bank of Australia is anticipated to continue its monetary policy tightening. The market view suggests that forthcoming rate hikes at the next two RBA meetings could further bolster the AUD. Additionally, Australia's significant role as a commodity exporter means that shifts in commodity prices, trade dynamics, and political situations remain crucial factors influencing the AUD's trajectory. Notably, any uptick in construction and demand for Australia's leading export, iron ore, particularly from China, signals a positive outlook for the currency. Factor in the AUD's status as a bellwether for global risk appetite, the currency often reflects traders' confidence in global economic growth prospects, making it sensitive to broader market sentiment.
On the US side, despite the resilience of the US dollar sustained by a strong economy and high Treasury yields, economists expect that the currency's strength will potentially wane into 2024. This anticipated reversal is linked to the culmination of the Federal Reserve's interest rate hiking cycle. The dollar has indeed been formidable against other major currencies, supported in part by risk aversion due to concerns over global growth, including the economic situation in China. However, Forex strategists in a Reuters poll project a modest weakening in the dollar next year as the Federal Reserve inches closer to its first interest rate cut. Analyzing recent price data, the AUD to USD at 0.6612 represents a 2.8% appreciation above the three-month average of 0.6434. This movement has occurred within a relatively stable 5.4% range of 0.6302 to 0.6645, pointing towards an environment where despite the AUD's recent gains, the currency pairing has avoided extreme volatility.
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.
