Understanding the Table:
The comparison table above helps you see the total cost of your ING Bank 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’.
US dollar (USD) to Australian dollar (AUD) market data - latest interbank exchange rate, trend, chart & historic rates.
USD/AUD Outlook: The USD/AUD rate is currently below its recent average and near recent lows, suggesting a bearish outlook.
USD/EUR Outlook: The USD/EUR rate is currently below its recent average and is near recent lows.
USD/JPY Outlook: The USD/JPY is slightly positive but likely to move sideways as it currently trades near its 3-month average and displays no clear driving factors.
To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in Australian dollar across a range of amounts.
This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :
*Converted at the current USD-AUD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best USD to AUD exchange rate is 1.3972 from OFX . This is -0.5% compared to the mid-market rate 1.4042.
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 ING Bank - Dollar to Aussie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by ING Bank and other foreign exchange providers against the latest USD-AUD mid-rate and the possible savings of using various providers.
Looking at the full USD to AUD - Send Money comparison table the provider with the best USD to AUD exchange rate is OFX at 1.3972, -0.5% from the latest mid-market rate 1.4042.
The next best is XE at 1.3958, -0.6% from the mid-rate.
Then Wise at 1.3898, which is -1% from the mid-rate.
The Western Union rate is 1.3831 which is -1.5% from the mid-rate.
Among the banks the Chase Bank rate is 1.3101 at -6.7% the Wells Fargo Bank rate is 1.3017 at -7.3% and the Citibank rate is 1.3663 at -2.7% compared to the mid-rate 1.4042.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like ING Bank 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.
View a full list of exchange rates by selecting your Base (from) currency:
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