Compare live exchange rates, provider costs and current currency market data before you exchange.
Live provider rate comparison
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When PayPal converts currency, its transaction exchange rate includes a spread retained by PayPal. Payment, international or card-funding fees can apply separately.
Pricing differs by account market and transaction. Xoom is a separate PayPal remittance service with its own fee, exchange rate and payout methods.
For US personal accounts, PayPal currently lists a 4% conversion spread for payments into another currency and 3% for other conversions, unless another amount is disclosed. International personal-payment and card-funding fees can also apply.
These are US examples, not global PayPal pricing. Check the fee page attached to the account country and review the rate shown before confirming.
Eligible card-funded payments may offer a choice between PayPal conversion and card-issuer conversion. The card issuer controls its own rate and fees.
PayPal balance activity can appear quickly, but withdrawals and banking times vary. For bank deposits, cash pickup or mobile-wallet remittances, review the separate Xoom quote and delivery estimate.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Australian dollar (AUD) rates from different sources before making a conversion.
The above PayPal - Sterling to Aussie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by PayPal and other foreign exchange providers against the latest GBP-AUD mid-rate and the possible savings of using various providers.
Looking at the full GBP to AUD - Send Money comparison table the provider with the best GBP to AUD exchange rate is Wise at 1.9015, -0.38% from the latest mid-market rate 1.9088.
The next best is OFX at 1.8992, -0.5% from the mid-rate.
Then XE at 1.8973, which is -0.6% from the mid-rate.
The Western Union rate is 1.8801 which is -1.5% from the mid-rate.
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 or platforms that offer rates closer to the mid-market rate.
Choose your starting currency
Select the currency you have to see its complete exchange-rate directory.