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Best Exchange Rates

Compare & Save on Exchange Rates from leading foreign exchange providers

 

Get a Better Deal when you Send and Spend Abroad.

 

Compare FX Providers and Banks for:

 

Three Simple Steps to Saving on Foreign Exchange

 
  1. Do not use a bank!
  2. Cut costs (foreign exchange rate margin and fees) by Comparing Providers
  3. Time transactions to when the market is in your favour - Setup MYALERTS.

Read our foreign exchange guides - make informed decisions.

Popular articles

OFX 2019 Review – Foreign transfers with OFX compared
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Best exchange rates sending money from USA
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XE Money Transfer – BER Review
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Currency Forecasts

US dollar

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

Taking the blame for the economic downturn is US President Donald Trump, whose trade policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

USD/EUR 90-DAY TREND: At 0.9037 USD to EUR is trading near the average 0.9054 with a range 0.8951 to 0.9175. There are no current alerts.
09 Dec, 2019 02:57-EST 07:57-GMT 18:57-AEDT(+1D)
USD/EUR – 3 month trend

For more USD bank forecasts and cross-rate trends read the report USD trends and forecasts.

 

Multi-Vendor Quote

If you are sending a Large Foreign Transfer (more than approx $40K USD), enter the details to get multiple vendors competing for your business.

Request Quote

Save time and money – fewer websites to visit and you get a much better exchange rate & service.

Currency News

Disruptors Challenging Australian Banks in Forex Price and Service: ACCC Report

Key Takeaways from the ACCC inquiry into currency conversion services. BestExchangeRates referenced among comparison sites playing an important role in customer awareness of the excessive currency margins charged by banks.

AUD/GBP Between a Rock and a Hard Place – USD Strength

AUD/GBP versus AUD/USD and GBP/USD

Both the Australian dollar and British pound sterling have had a hard time of late caught between the rock of the China/US trade war and the Brexit hard place.

Facebook’s Libra Is Not the Game Changer That’s Being Promised

Enthusiasts would have us believe that Facebook’s own digital currency, Libra, will instantly revolutionize the remittance industry upon its release in 2020 — except it won’t. A harsher reality awaits, with conversion costs, capital gains taxes and a lack of Libra-priced goods all likely to limit its appeal.

Australia Cuts Interest Rates to Record Low

RBA Australian dollar AUD currency news and forecasts

The RBA has cut Australian interest rates to a record low of 1 percent in an effort to boost inflation. The Australian dollar is slightly stronger following the widely expected decision but is expected to lose 5–7 percent of its value before year-end.

 

Latest FX Provider Reviews

TransferWise Money Transfers – Review
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OFX 2019 Review – Foreign transfers with OFX compared
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XE Money Transfer – BER Review
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Get a Better FX Deal when you Send and Spend Abroad.

 

Our comparison tables for transfers, travel cash and cards help you find the best value on offer by making it easy to compare each provider's margins to each other and to bank rates.

Some examples of how much you can save

  

USD to AUD International Money Transfers

  

Foreign Transfer ProvidersReceive AUD(A$)Exchange RateFee USDTotal CostDeal Links
XE logo
A$14,458
Best Overall
1.445801.25%
OFX logo
A$14,524
A$66 more
1.45240^0.8%
Wells Fargo Bank logo
A$14,112
A$346 less
1.4137183.61%
HSBC logo
A$14,102
A$356 less
1.4123U$153.68%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
A$14,016
A$442 less
1.4098154.27%
Bank of America International Money Transfers
Bank of America logo
A$13,924
A$534 less
1.4065U$1004.9%
U.S. Bank International Money Transfers
U.S. Bank logo
A$13,924
A$534 less
1.4065U$1004.9%
 
XE logo
XE: Foreign Transfer USD→AUD
From Amount (USD)U$10,000
Fee:
Exchange Rate:1.4458 (1.25% from mid-rate)
To Amount (AUD) A$14,458
Total Cost:1.25%
Time:18:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer USD→AUD
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.4524 (0.8% from mid-rate)
To Amount (AUD) A$14,524
Total Cost:0.8%
Difference:
A$66 AUD more than using XE
Time:
Rate Fetched: 18:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→AUD
From Amount (USD)U$10,000
Fee:18
Exchange Rate:1.4137 (3.44% from mid-rate)
To Amount (AUD) A$14,112
Total Cost:3.61%
Difference:
A$346 AUD less than using XE
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→AUD
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:1.4123 (3.54% from mid-rate)
To Amount (AUD) A$14,102
Total Cost:3.68%
Difference:
A$356 AUD less than using XE
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→AUD
From Amount (USD)U$10,000
Fee:15
Exchange Rate:1.4036 (4.13% from mid-rate)
To Amount (AUD) A$14,016
Total Cost:4.27%
Difference:
A$442 AUD less than using XE
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of America logo
Bank of America: Foreign Transfer USD→AUD
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:1.4065 (3.93% from mid-rate)
To Amount (AUD) A$13,924
Total Cost:4.9%
Difference:
A$534 AUD less than using XE
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→AUD
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:1.4065 (3.93% from mid-rate)
To Amount (AUD) A$13,924
Total Cost:4.9%
Difference:
A$534 AUD less than using XE
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 12/09/2019 - See full table
 
Travel Money ProvidersAmount AUD(A$)Exchange RateFee USDTotal CostDeal Links
Travelex Online US logo
A$1,290.5
Best Overall
1.29050^11.86%
U.S. Bank Foreign Currency
U.S. Bank logo
A$1,251.8
A$39 less
1.2518014.5%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
A$1,239
A$51 less
1.2518U$1015.36%
Wells Fargo Bank logo
A$1,226.76
A$64 less
1.2518U$2016.21%
 
Travelex Online US logo
Travelex Online US: Travel Money USD→AUD
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:1.2905 (11.86% from mid-rate)
To Amount (AUD) A$1,290.5
Total Cost:11.86%
Time:
Rate Fetched: Mon Dec 09 2019 18:00:05 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Travel Money USD→AUD
From Amount (USD)U$1,000
Fee:0
Exchange Rate:1.2518 (14.5% from mid-rate)
To Amount (AUD) A$1,251.8
Total Cost:14.5%
Time:18:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money USD→AUD
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:1.2811 (12.5% from mid-rate)
To Amount (AUD) A$1,239
Total Cost:15.36%
Currency Services:Branch
Delivery/Collect:-
 
Wells Fargo Bank logo
Wells Fargo Bank: Travel Money USD→AUD
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:1.2518 (14.5% from mid-rate)
To Amount (AUD) A$1,226.76
Total Cost:16.21%
Time:18:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 12/09/2019 - See full table