Compare live exchange rates, provider costs and current currency market data before you exchange.
Live provider rate comparison
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Xoom is a PayPal remittance service supporting bank and eligible debit-card deposits, mobile wallets, cash pickup and other delivery methods on selected routes.
Its fee, customer exchange rate and recipient amount are shown before confirmation. The exchange rate includes a conversion spread, and delivery choices vary by destination.
Compare the fee and recipient amount shown for the exact transaction.
Xoom says most transfers are available within minutes, while some take several days. Funding, payout method, destination, verification and partner hours affect timing.
Xoom is a PayPal service operating under PayPal's money-transmission licences. Send only to a verified recipient because an authorised scam payment may be difficult to recover.
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 Xoom - Dollar to Aussie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Xoom 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 1.4091, -0.5% from the latest mid-market rate 1.4162.
The next best is XE at 1.4077, -0.6% from the mid-rate.
Then Wise at 1.4022, which is -0.99% from the mid-rate.
The Western Union rate is 1.395 which is -1.5% from the mid-rate.
Among the banks the Chase Bank rate is 1.3316 at -6% the Wells Fargo Bank rate is 1.3231 at -6.6% and the Citibank rate is 1.388 at -2% compared to the mid-rate 1.4162.
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 Xoom 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.