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Best Exchange Rates

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Compare AUD to USD foreign transfers

Use our comparison table to find the best exchange rates for United States Dollar foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
$AUD
$USD

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Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Foreign Transfer Providers
Ratings & Reviews
Receive USD($)Exchange RateFee AUDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX (OzForex) logo
7,027 USD
Best Overall
0.70270^1.51%Bank Transfers - Online & Phone1-2 days
 
TorFX logo
7,020 USD
7 USD
0.70201.61%Bank Transfers - Online & Phone1-2 days
BankSA International Money Transfers
BankSA logo
6,871.22 USD
156 USD
0.688520.013.7%Online, Branch, Bank Transfers2-3 days
Bank of Melbourne International Money Transfers
Bank of Melbourne logo
6,870.54 USD
156 USD
0.6885213.71%Online, Branch, Bank Transfers2-3 days
 
Bank of Queensland logo
6,864.35 USD
163 USD
0.6885303.79%Online, Branch, Bank Transfers2-3 days
 
ANZ Bank logo
6,830.68 USD
196 USD
0.6843184.27%Online, Branch, Bank Transfers2-3 days
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
6,791 USD
236 USD
0.6804154.83%Online, Branch, Bank Transfers2-3 days
 
National Australia Bank (nab) logo
6,778.06 USD
249 USD
0.6793225%Online, Branch, Bank Transfers2-3 days
 
Westpac logo
6,722.53 USD
304 USD
0.6736205.78%Online, Branch, Bank Transfers2-3 days
 
Commonwealth Bank (CBA) logo
6,701.98 USD
325 USD
0.67066 6.07%Online, Branch, Bank Transfers2-3 days
 
St George Bank logo
6,685.6 USD
341 USD
0.6699206.3%Online, Branch, Bank Transfers2-3 days
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:0.7027 (1.51% from mid-rate)
USD amount:7,027 USD
Total Cost:1.51%
Time:
Rate Fetched: Wed Mar 20 2019 16:00:05 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
TorFX: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:0
Exchange Rate:0.7020 (1.61% from mid-rate)
USD amount:7,020 USD
Total Cost:1.61%
Difference:
7 USD less than using OFX (OzForex)
Time:18:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
BankSA: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:20.01
Exchange Rate:0.6885 (3.5% from mid-rate)
USD amount:6,871.22 USD
Total Cost:3.7%
Difference:
156 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - 18:05 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:0.6885 (3.5% from mid-rate)
USD amount:6,870.54 USD
Total Cost:3.71%
Difference:
156 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - 18:05 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:0.6885 (3.5% from mid-rate)
USD amount:6,864.35 USD
Total Cost:3.79%
Difference:
163 USD less than using OFX (OzForex)
Time:
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
ANZ Bank: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:18
Exchange Rate:0.6843 (4.09% from mid-rate)
USD amount:6,830.68 USD
Total Cost:4.27%
Difference:
196 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - Wed Mar 20 2019 16:03:04 GMT+0000 (UTC)
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:0.6968 (2.34% from mid-rate)
USD amount:6,791 USD
Total Cost:4.83%
Difference:
236 USD less than using OFX (OzForex)
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:0.6793 (4.79% from mid-rate)
USD amount:6,778.06 USD
Total Cost:5%
Difference:
249 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - Wed Mar 20 2019 16:05:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
Westpac: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:0.6736 (5.59% from mid-rate)
USD amount:6,722.53 USD
Total Cost:5.78%
Difference:
304 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - Wed Mar 20 2019 16:04:04 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
Commonwealth Bank (CBA): Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:6
Exchange Rate:0.6706 (6.01% from mid-rate)
USD amount:6,701.98 USD
Total Cost:6.07%
Difference:
325 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - Wed Mar 20 2019 16:02:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1.2/5.0
Reviews:
St George Bank: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:0.6699 (6.11% from mid-rate)
USD amount:6,685.6 USD
Total Cost:6.3%
Difference:
341 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - 18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 

1 AUD = 0.7126 USD

This is the current AUD-USD mid-market exchange rate. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market AUD-USD exchange rate.

3 Month Chart
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Currency news and forecasts for Australian Dollar and United States Dollar

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

So it follows that if you are determining the best time to transact, in this case the AUD vs USD, you should pay attention to both Australian Dollar and United States Dollar news and forecasts.

Australian Dollar (AUD) - Market news and forecasts

Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.

In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.

Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.

Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).

United States Dollar (USD) - Market news and forecasts

The US dollar had been falling steadily in the lead-up to the March-20 Fed meeting, and those that were selling the currency amid speculation of a dovish surprise were entirely vindicated after the central bank ditched its December projection for two 2019 interest rate hikes and said it now sees rates unchanged until 2020.

The extent of the Fed’s dovish turn meant that the dollar suffered a rapid and significant correction. The euro leapt on the new projections to a 6-week high against the dollar of $1.145 and other major and emerging market currencies followed suit.

The Fed’s reassessment of future monetary policy reflects concerns over domestic and global economic growth, as well as inflation and risks originating overseas, likely including Brexit.

Earlier this year, ING said the dollar would soon “embark on a gradual long-term bearish trend.”

CIBC said: “A slowdown in the economy is likely to weigh on USD particularly in the second half of this year.”