Understanding the Table:
The comparison table above helps you see the total cost of your OFX 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’.
The average AUD rate margin offered by OFX is 3.2%.
This average is based on individual AUD 10K transfer rates in the currency pairs from OFX that we monitor.
💡 It is important to note that these OFX rates are their public quoted rates and do not include our special BER/OFX deals rates which start at 0.5% for major currencies and improve for larger amounts. Please use our calculators to check these special rates and use our 'Visit OFX' links to secure these deals.
The tables below show the best and worst exchange rate margins offered by OFX for Australian dollar (AUD 10K) transactions. Margins show the percentage difference from the mid-market rate.
Australian dollar (AUD) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
AUD/USD Outlook: Slightly positive, but likely to move sideways, given the rate is above its recent average and near recent highs with no clear, immediate driver.
AUD/EUR Outlook: The Australian dollar is likely to increase, currently trading 2% above its recent average and near 90-day highs, buoyed by strong economic data from China.
AUD/JPY Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average and near recent highs without a strong current driver.
To help you understand the real-world value of the current exchange rate, the table below shows how much Australian dollar are worth in US dollar across a range of amounts.
This gives a quick view of what you’d get when converting different AUD amounts at today’s rate * :
*Converted at the current AUD-USD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The OFX AUD to USD exchange rate is 0.6774. This is -0.5% compared to the latest AUD-USD mid-market rate 0.6808.
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 OFX - Aussie to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by OFX and other foreign exchange providers against the latest AUD-USD mid-rate and the possible savings of using various providers.
Looking at the full AUD to USD - Send Money comparison table the provider with the best AUD to USD exchange rate is OFX at 0.6774, -0.5% from the latest mid-market rate 0.6808.
The next best is Wise at 0.6772, -0.53% from the mid-rate.
Then XE at 0.6767, which is -0.6% from the mid-rate.
The Western Union rate is 0.674 which is -1% from the mid-rate.
Among the banks the Commonwealth Bank rate is 0.6565 at -3.6% the ANZ Bank rate is 0.6598 at -3.1% and the ING Bank rate is 0.6233 at -8.4% compared to the mid-rate 0.6808.
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 OFX 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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