Reserve Bank of Australia AUD Exchange Rates Compared

Reserve Bank Of Australia

The Reserve Bank Of Australia (RBA) is the central bank of Australia. The role of central banks is to preserve the value of money by keeping inflation low and stable. They do this by controlling the interest rate at which banks can borrow.

Interest rates, inflation, and exchange rates are all intrinsically linked. When the RBA manipulates interest rates this impacts both the inflation in Australia and also the relative value of the Australian dollar compared to other currencies.

Key RBA Interest Rate Decisions

The RBA last raised the benchmark interest rate (for the sixth month in a row) by a less than expected quarter of a percent in October to 2.60%, with more increases expected by the market.

Read our guide to the Relationship between Interest Rates and Currencies.

Exchange rates published by Central Banks such as the Reserve Bank of Australia are the latest interbank mid-market exchange rates, here are some of the most popular AUD exchange rates:

You Can Save Money when you Compare Reserve Bank of Australia Exchange Rate Margins & Fees

The below comparison table makes it easy to calculate the Total Cost you are being charged on your currency transaction versus Reserve Bank of Australia market mid-rates. It is easy to calculate any savings available from popular market-leading FX providers.