Bank of Melbourne AUD to USD Transfers Compared

   

AUD strengthens vs. USD, hitting a 7-day high near 0.6514, boosted by rising commodity prices. Experts caution about potential volatility ahead as the RBA's rate cut and upcoming inflation data could sway the market. Watch for shifts in China demand impacting the AUD

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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 0.6368. This is -2.2% compared to the latest AUD-USD mid-market rate 0.6511.

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 AUD to USD - Send Money comparison table the provider with the best AUD to USD exchange rate is Wise at 0.6487, -0.37% from the latest mid-market rate 0.6511.

The next best is OFX at 0.6478, -0.51% from the mid-rate.

Then XE at 0.6472, which is -0.6% from the mid-rate.

The Western Union rate is 0.6446 which is -1% from the mid-rate.

Among the banks the Commonwealth Bank rate is 0.6271 at -3.7% the ANZ Bank rate is 0.6311 at -3.1% and the ING Bank rate is 0.6238 at -4.2% compared to the mid-rate 0.6511.

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.