Bank of Queensland USD to AUD Transfers Compared

   

What is the best Send Money conversion rate for USD to AUD?

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Australian dollar (AUD) rates from different sources before making a conversion.

The above Bank of Queensland - Dollar to Aussie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Bank of Queensland and other foreign exchange providers against the latest USD-AUD mid-rate and the possible savings of using various providers. 

How do Bank of Queensland USD-AUD rates compare between providers?

The next best is XE at 1.5033, -0.6% from the mid-rate.

Then Wise at 1.5026, which is -0.65% from the mid-rate.

The Western Union rate is 1.4973 which is -1% from the mid-rate.

Among the banks the Chase Bank rate is 1.4056 at -7.1% the Wells Fargo Bank rate is 1.3965 at -7.7% and the Citibank rate is 1.4661 at -3.1% compared to the mid-rate 1.5124.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Bank of Queensland 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.