Calculate today’s exchange rates with a currency converter

Looking for the best exchange rates? Use our money transfer currency conversion calculator

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Whether you're sending money overseas to pay for tuition, investing in a property or as a present for a loved one, you'll want the biggest bang for your buck. Don't leave this up to chance. Find which money transfer provider offers the best exchange rates for you by using our currency calculator below.

Compare exchange rates

Compare the exchange rates of popular providers to find the best one for you. All you need to do is enter how much money you want to convert into the tool below.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 2,000 1 day AUD 0.00 0.737 USD
7,373
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
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AUD 250 1 - 2 days AUD 0.00 0.737 USD
7,373
$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
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AUD 2,000 1 day AUD 0.00 0.737 USD
7,373
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
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AUD 1 Same day AUD 0.00 0.737 USD
7,366
XE has fast transfers with low fees and a range of foreign currency tools. Go to site Show details
AUD 1 Same day AUD 3.99 0.731 USD
7,311
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
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AUD 1 1 - 2 days AUD 45.00 0.737 USD
7,339
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies. Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.739 USD
7,357
Exclusive: New customers sending over AUD 500 from Australia use cod FINDER50 to get AUD 50 off. Pay zero fees on your first transaction. T&Cs apply.
Instarem offers simple transfers with a flat 0.5% transfer fee for most transfers.
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AUD 1 1 day AUD 52.00 0.737 USD
7,328
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
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AUD 10 Within an hour AUD 2.99 0.732 USD
7,319
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
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AUD 5 1 - 2 days EUR 3.00 0.737 USD
7,372
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

What's the mid-market rate today?

The mid-market rate, referring to the mid-point between the buy and sell rates on the foreign exchange market, is generally different to what the money transfer providers are offering. Compare the provider rates with real-time exchange rates below, which shows some of the more popular currency pairs.

How is currency converted?

Every day, traders buy and sell currency on the forex market. As they do, they increase and decrease the value of currency.

When the market says one currency is worth a specific amount of another currency, we call that the mid-market rate. For example, the mid-market rate between the US dollar (USD) and Japanese yen (JPY) could be 1 USD = 100 yen. This is the rate that banks use to trade money with one another.

How currency is converted for consumers

When you convert money through a money transfer provider, you likely won’t get the mid-market rate. Instead, your provider adds a margin on top of the exchange rate.

Let’s say you want to transfer US dollars to Japan and the mid-market rate is 1 USD = 100 JPY. Your money transfer provider could instead offer a rate of 1 USD = 96 JPY.

If you transfer $1,000, you won’t receive 100,000 JPY. Instead, at the rate the provider’s offering, you’ll receive 96,000 JPY.

Your provider pockets the 4,000 JPY, which means you’ve lost around $30 to the exchange rate.

How can I get the best currency conversion?

In the old days, you had only a few ways to transfer money. Today there are better methods.

Keep these tips in mind to get the best currency conversion rate.

1. Use an online money transfer service.

Back in the day, banks had an iron grip on the money transfer market. They freely charged high markups on exchange rate. Even today, you’ll generally pay a margin of 2% to 5% on the mid-market rate when exchanging money at a bank.

Today you’ll find cheaper online transfer services like TorFX and OFX. These platforms charge much lower margins — typically between 0.5% and 2%.

When converting and transferring money, first look online. You’ll likely pay much less than you will at your local bank branch.

Exchange rate histories

Understanding historical exchange rate patterns can help you understand if what you're looking at is a good rate, or if it could be better. Choose a currency pair from the drop-down list to see historical currency conversions:

Historical Rate chart of AUD and CNY

1
0
Updated: 06 Aug 2021 00:13:04 UTC

3. Use forex tools to get the best exchange rates.

If you’re okay with a more complex process, exchange your money on a forex platform. These platforms often offer advanced tools to get the best rates, including:

Many money transfer providers offer limit orders and forward contracts. Contact your provider to learn more.

Mistakes to avoid

  • Transferring through banks or brick-and-mortar providers. These providers tend to charge high fees and offer poor exchange rates.
  • Forgetting to look at both fees and exchange rates. Providers usually make big money in these two categories. If a service charges no fees, be wary - it may include a huge margin on the exchange rate.
  • Not comparing providers. Many of the cheapest providers are online. Before settling on one, compare several to get the best rate.

Sending money to France

You want to transfer $5,000 to France. Say the mid-market rate is 1 AUD = 0.65 EUR – this means your $5,000 should be worth 3,250 EUR.

Transferring through your bank

Your bank charges a $30 fee for a wire transfer and converts at a rate of 1 AUD = 0.62 EUR.

You pay the $30 fee first, then your $5,000 is transferred to France. Your recipient receives $5,000 x 0.62 or 3,100 EUR.

  • Your $5,000 is worth 3,250 EUR, but your recipient received 3,100 EUR. This means you’ve lost 150 EUR to the exchange rate, which is about $237.
  • When you tally in the $30 wire transfer fee, you’ve lost $267 on the exchange.
Transferring through an online money transfer provider

You can find online money transfer providers that charge no fees. Yours converts at a rate of 1 AUD = 0.64 EUR.

This means your recipient receives $5,000 x 0.64 or 3,200 EUR.

  • Your $5,000 is worth 3,250 EUR, and your recipient receives 3,200 EUR. This means you’ve lost only 50 EUR to the exchange rate — or about $79.
What’s the verdict?

Ultimately, you’ll pay much less when you use an online money transfer provider rather than a bank. Among online providers, you can find even better deals than you’d expect.

Here’s the takeaway: The more online providers you compare, the more money ends up with your recipient at the end of the day.

Exchange rates from AUD to other currencies

You can find out more details about your currency of choice below, including real-time currency exchange rates.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

International Money Transfer Offers

Important Information*
Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.

Logo for Send International Money Transfers
Send International Money Transfers

Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.

Logo for XE International Money Transfers
XE International Money Transfers

XE has fast transfers with low fees and a range of foreign currency tools.

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2 Responses

    Default Gravatar
    philOctober 12, 2018

    I want foreign cash . Who gives the best rates and fees in the Newcastle NSW area and what is best to trade with, cash or credit card.

      Avatarfinder Customer Care
      JohnOctober 12, 2018Staff

      Hi Phil,

      Thank you for leaving a question.

      You may be interested in this article regarding purchasing currency via the Post Office. Please click the link to know more about how this transaction works.

      Hope this helps!

      Cheers,
      Reggie

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