Understanding the Table:
The comparison table above helps you see the total cost of your PayPal 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 details and click ‘Get Rates’.
The PayPal USD to AUD exchange rate is 1.4808. This is -3.8% compared to the latest USD-AUD mid-market rate 1.5386.
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 PayPal - Dollar 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 USD-AUD mid-rate and the possible savings of using various providers.
Looking at the full comparison table the best USD to AUD exchange rate is 1.5309 from OFX, -0.5% from the mid-market rate 1.5386. The next best rate is 1.5294 from XE, -0.6% from the mid-rate. Then Wise with 1.5286 is -0.65% from the mid-rate.
The Western Union rate is 1.5232 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 1.4285 at -7.2% the Wells Fargo Bank rate is 1.4192 at -7.8% and the Citibank rate is 1.49 at -3.2% compared to the mid-rate 1.5386.
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.
View a full list of exchange rates by selecting your Base (from) currency: