Bank of Melbourne AUD to USD Transfers Compared

   

AUD/USD trading at 0.6652, bolstered by a 1.8% gain over the last 3 months. Analysts suggest potential for further appreciation towards US69¢ as economic indicators improve and USD weakens amid Fed rate cut fears. Watch commodity prices & market sentiment closely

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What is the Bank of Melbourne Send Money conversion rate for AUD to USD?

The Bank of Melbourne AUD to USD exchange rate is 0.6467. This is -2.2% compared to the latest AUD-USD mid-market rate 0.6612.

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?

The next best is XE at 0.6573, -0.59% from the mid-rate.

Then Wise at 0.6569, which is -0.65% from the mid-rate.

The Western Union rate is 0.6546 which is -1% from the mid-rate.

Among the banks the Commonwealth Bank rate is 0.6369 at -3.7% the ANZ Bank rate is 0.6445 at -2.5% and the ING Bank rate is 0.6391 at -3.3% compared to the mid-rate 0.6612.

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.