Live Rate
Refreshing in: 60s | Fri, 22 Mar 11:52pm GMT
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.
Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.
They can help you with all your needs including:
Australian dollar
| Currency: | Australian Dollar |
| Currency Symbol: | $ |
| Sub unit: | cents |
| Bank notes: | $5, $10, $20, $50, $100 |
| Coins: | 5c, 10c, 20c, 50c, $1, $2 |
US dollar
| Currency: | US Dollar |
| Currency Symbol: | $ |
| Sub unit: | cents |
| Sub unit symbol: | c |
| Bank notes: | $1, $5, $10, $20, $50, $100 |
| Coins: | 1c, 5c, 10c, 25c, 50c |
| Australian dollars (AUD) | US dollars (USD) |
|---|---|
| $1 | 0 |
| $100 | 0 |
| $500 | 0 |
| $1000 | 0 |
| $1500 | 0 |
| $2500 | 0 |
| $5000 | 0 |
The following tips will help you lock in the best AUD/USD exchange rate for your transfer:
Tips on how to save on currency exchange fees
The rate you see quoted on your television or Google is the mid-market rate, not the transactional rate. The mid-market rate is the mid-point between the buy and sell rates on the foreign exchange market. The transactional rate – the one you receive when you go to transfer money – includes overheads and a profit margin from the exchange service or bank.
These rates can differ widely depending on where you go. Some providers offer no fees, but make their profit in a less competitive exchange rate. Keep an eye on both the fees and the exchange rate you're being offered when you're comparing providers.
The best time to exchange currency is when the Australian dollar is strong, as this means you'll be able to buy more US dollars for your money (you'll get more bang for your buck!). No one can predict exactly how the Australian dollar will perform, but understanding what factors influence exchange rates will help you predict when the Australian dollar might rise, and when the US dollar might fall.
Factors that influence exchange rates
Examining the historical performance of the AUD/USD exchange rate will also help you understand what causes it to rise or fall. Take a look at the following historical exchange rates for the past 10 years, 10 months and 10 days. If you sent AUD$1000 to the US in February 2018 when the AUD was worth 0.78 USD, you would have received USD$780. But if you'd waited until July, when 1 AUD = 0.73 USD, you would have USD$730, which is USD$50 less.
| Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 AUD = | 0.6882 Inverse: 1.4531 | 0.9172 Inverse: 1.0902 | 1.0035 Inverse: 0.9965 | 1.0483 Inverse: 0.9539 | 1.0375 Inverse: 0.9639 | 0.9037 Inverse: 1.1065 | 0.7775 Inverse: 1.2861 | 0.7605 Inverse: 1.3149 | 0.7707 Inverse: 1.2975 | 0.7707 Inverse: 1.2975 |
| May 2018 | Jun 2018 | Jul 2018 | Aug 2018 | Sep 2018 | Oct 2018 | Nov 2018 | Dec 2018 | Jan 2019 | Feb 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 AUD = | 0.7523 Inverse: 1.3293 | 0.7372 Inverse: 1.3565 | 0.7414 Inverse: 1.3488 | 0.7361 Inverse: 1.3585 | 0.7298 Inverse: 1.3702 | 0.7072 Inverse: 1.4140 | 0.7250 Inverse: 1.3793 | 0.7049 Inverse: 1.4186 | 0.7147 Inverse: 1.3992 | 0.7131 Inverse: 1.4023 |
| Mar 12 | Mar 13 | Mar 14 | Mar 15 | Mar 16 | Mar 17 | Mar 18 | Mar 19 | Mar 20 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 AUD = | 0.7063 Inverse: 1.4159 | 0.7086 Inverse: 1.4112 | 0.7068 Inverse: 1.4149 | 0.7091 Inverse: 1.4103 | 0.7091 Inverse: 1.4103 | 0.7083 Inverse: 1.4118 | 0.7099 Inverse: 1.4087 | 0.7088 Inverse: 1.4108 | 0.7133 Inverse: 1.4019 | 0.7106 Inverse: 1.4072 |
There are three main options to choose from when you want to send money to the US. The best option for you will depend on how quickly you need to send the money and if you need it in cash. For a more detailed view, check out our guide on transferring money to the United States.
You want a more competitive exchange rate and lower fees than a bank transfer. Providers also offer more flexible maximum and minimum transfer limits.
Your recipient needs the money immediately or if you want the familiarity of a known bank. If this is the case, a bank transfer or cash pick-up service could be the right option for you.
You need the money to be transferred immediately, such as in an emergency. It can also be helpful if the person you're sending to doesn't have a bank account or mobile wallet.
You have the option to find a better rate with a money transfer specialist or if your recipient doesn't have access to one of the cash pick-up locations.
You want the convenience of sending money from your existing bank account, without having to register and be verified by a specialised money transfer service. Your bank can usually also help set up regular transfers.
You want a more competitive exchange rate and fewer fees.
Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.
