At Finder, our goal is to provide you with as full a comparison as possible across all the products we list on our website.
In the case of Money Transfers, wherever possible, the exchange rates we display on our website come directly from the service provider.
In the case of Westpac, Commonwealth Bank, ANZ and PayPal, the exchange rates are gathered instead from the banks’ websites.
We use the live exchange rates provided by Westpac, Commonwealth Bank, ANZ and PayPal on their websites to calculate the margin they charge on the top of the exchange rate. (See our guide to mid-market currency rates for an explanation of international money transfer exchange rate margins). The transfer margin is calculated using the difference between the exchange rates listed on their websites, which are updated daily around 9am every morning, and the live interbank exchange rate at the time of calculation.
Our aim is to give you the clearest picture possible of how much money your recipient will receive from your transfer. Due to the volatile nature of exchange rates, the rate listed on Finder may vary from the actual exchange rate quoted for your transfers from these providers. To see how their money transfer services stack up, visit our reviews of Westpac, CommBank, ANZ and PayPal or compare their exchange rates against other providers' rates below.
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
Vrinda Singh was a producer at Finder for savings and investments. Previously, she worked in the content team for LinkedIn, Schneider Electric and Leona Edmiston. She has a Bachelor of Commerce degree in Marketing and Asian Studies from The University of New South Wales.
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finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
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Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
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We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
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