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Calculate today’s exchange rates with a currency converter

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

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

Our table below lets you compare services you can use to send money abroad. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site.
1 - 23 of 23
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
Xe Large Transfers
24 hours
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Revolut
Within minutes
$0
Sign up and get a AUD$15 top-up. For new customers only. T&Cs apply.
Send money with great rates and low fees in 30+ currencies.
Xe Money Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
Instarem
Within minutes
From 0%
50% off first transaction fee from any country in APAC (outside India).
Minimum transfer of $250 and max transfer of $500,000
Wise (TransferWise)
Within minutes
From 0.43%
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies.
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
Remitly
Within minutes
From $0
Remitly has quick, affordable transfers around the world, with both express and economy options.
Rocket Remit
Within minutes
From $0 to $5
Send money instantly to friends and family in over 45 countries using just your mobile number.
MoneyGram
Within minutes
From $1.99
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
SingX
Within minutes
From 0.5%
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
CurrencyFair
Within minutes
€3
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
Send Payments
24 hours
$0
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
MasterRemit
Within minutes
From $0
Get your 1st and 2nd money transfer for free with promo codes FIRSTFREE and MASTERFINDER!.
Send money in minutes at competitive exchange rates to the Middle East, Africa and South Asia.
Western Union
Within minutes
From $0
Western Union sends money online to friends and family in 200+ countries around the world.
Qantas Business Money
Within minutes
$0
Earn up to 100,000 bonus Qantas Points on your first currency conversion by 31 July 2024. Conversion limits and T&Cs apply.
Set up accounts in 11 different currencies and get rewarded for global business payments by earning Qantas Points.
TorFX Business Transfers
24 hours
$0
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.
OFX Business Transfers
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
WorldFirst
24 hours
From $0
Open bank accounts in Australia, the UK, US, Canada, Japan and Europe. Send and receive funds with zero fees for large sums, including same-currency supplier payments.
Send business
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
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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 a 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 mark-ups 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.

2. 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:

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

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

  • Limit orders. Your currency trade is executed only when a currency reaches a price you’ve set beforehand.
  • Forward contracts. Receive a guarantee that you can exchange money at a specified rate in the future.

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 2 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.

Example: 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.

* This is a fictional, but realistic, example.

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. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

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