Sending money abroad with AusPost
Australia Post is an agent for Western Union, as such all the exchange rates and fees you will get from a visit to an Auspost branch to send money overseas will be those of Western Union.
Western Union are really only a good option if you are in a rush or you and/or the recipient do not have bank accounts.
BestExchangeRates recommends:
- For bank to bank transfers, it is always better to use a FX specialist.
- Consider much cheaper and better options such as TorFX and OFX.
- Find the best provider and rates for your destination currency and amount with our comparison calculator.
What is the
Australia Post Business Send Money conversion rate for AUD to TWD?
The Australia Post AUD to TWD business exchange rate is 16.78. This is -12.7% compared to the latest AUD-TWD mid-market rate 19.22.
As Business exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Australian dollar (AUD) to New Taiwan dollar (TWD) rates from different sources before making a conversion.
The above
Australia Post - Business Aussie to New Taiwan dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Australia Post and other foreign exchange providers against the latest AUD-TWD mid-rate and the possible savings of using various providers.
How do Australia Post AUD-TWD rates compare between providers?
Looking at the full
AUD to TWD - Send Money comparison table the provider with the best Business AUD to TWD exchange rate is Wise at 19.1, -0.62% from the latest mid-market rate 19.22.
The next best is Currencies Direct at 19.07, -0.78% from the mid-rate.
Then Western Union at 19.03, which is -0.99% from the mid-rate.
Among the banks and the ING Bank rate is 18.05 at -6.1% compared to the mid-rate 19.22.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers 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
like Australia Post or platforms that offer rates closer to the mid-market rate.