The comparison table above helps you see the total cost of your Bank of Melbourne currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Compare Bank of Melbourne Exchange Rates & Fees - Save Time & Money
Our Bank of Melbourne AUD to USD rate is 0.6351. This is -2.2% below the mid-rate.
AUD to USD Market Data
Australian dollar (AUD) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the AUD to USD Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Australian dollar against the US dollar is to review how the AUD/USD rate has changed over time.
The table below shows the percentage change in the AUD to USD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
To help you understand the real-world value of the current exchange rate, the table below shows how much Australian dollar are worth in US dollar across a range of amounts.
This gives a quick view of what you’d get when converting different AUD amounts at today’s rate * :
What is the
Bank of Melbourne Send Money conversion rate for AUD to USD?
The Bank of Melbourne AUD to USD exchange rate is 0.6351. This is -2.2% compared to the latest AUD-USD mid-market rate 0.6494.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Australian dollar (AUD) to US dollar (USD) rates from different sources before making a conversion.
The above
Bank of Melbourne - Aussie to Dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Bank of Melbourne and other foreign exchange providers against the latest AUD-USD mid-rate and the possible savings of using various providers.
How do Bank of Melbourne AUD-USD rates compare between providers?
Looking at the
full comparison table
the best AUD to USD exchange rate is 0.6462 from OFX, -0.49% from the mid-market rate 0.6494. The next best rate is 0.6455 from XE, -0.6% from the mid-rate. Then Wise with 0.6452 is -0.65% from the mid-rate.
The Western Union rate is 0.6429 which is -1% from the mid-rate.
Among the banks the Commonwealth Bank rate is 0.6267 at -3.5% the ANZ Bank rate is 0.6313 at -2.8% and the ING Bank rate is 0.6232 at -4% compared to the mid-rate 0.6494.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Bank of Melbourne often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.