There are other factors to consider when sending an international money transfer in addition to the exchange rate, including the transfer fees, the payment method, the speed of delivery and the level of customer service. Keep in mind that we don't compare every product in the market, but we hope that our tools and information will allow you to compare your options and find the best service for your needs.
Compare the top providers for exchanging from AUD to USD
Use the table below to compare fees for sending AUD to the United States.
{"niche":"AUFMT"}
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Best ways to convert AUD to USD?
Online money transfer provider. When exchanging Australian dollars to US Dollar, money transfer specialists such as Western Union and Send Payments, offer strong exchange rates, lower fees and supports a wider range of currencies.
Currency exchange store. Travelex and Travel Money Oz have locations in every major city in Australia. They are convenient but won't give you the best deal when buying American currency.
Bank transfer. Most Australian banks allow customers to buy US Dollar but aren't the cheapest option. Depending on the currency, their markup ranges from 3% to 6%.
Australian Dollar
The Australian dollar is the official currency of Australia. It was introduced in 1966 to replace the Australian pound, and plastic money replaced paper notes in 1988. Aside from being known as dollars, bucks and dough, the Australian dollar was once known as the Pacific peso.
Currency:
Australian Dollar
Currency Symbol:
$
Sub unit:
Cent
Bank notes:
$5, $10, $20, $50, $100
Coins:
$1, $2, 5c, 10c, 20c, 50c
US Dollar
The US dollar is the official currency of the United States of America. It was created in 1792, 16 years after the US declared independence in 1776. Common nicknames for the US dollar include bucks, greenbacks, moolah and dough.
Currency:
US Dollar
Currency Symbol:
$
Sub unit:
cent
Bank notes:
$1, $5, $10, $20, $50, $100
Coins:
1c, 5c, 10c, 25c, 50c, $1
Is the US Dollar getting stronger?
Compared to a month ago, the US dollar is getting weaker against the Australian dollar. Currently 100 Australian dollars is equivalent to 67.26 US dollars. A month ago, 100 Australian dollars was worth 64.96 US dollars. This means we've seen an increase of $2.30 (3.54%) over the past month.
Today's market rate for common transfer amounts AUD to USD
If you're exchanging AUD to US dollars in cash, money changers such as Travel Money Oz, United Currency Exchange and Travelex have a strong presence in major cities. Typically, we recommend using an online money transfer service to secure the best exchange rate if you don't need to convert cash. Currently, Instarem is our top pick for transfers under $10,000 and TorFX is our top choice for large transfers to the United States.
Based on our research, ANZ is one of the best banks for exchanging AUD to USD. It adds a markup of 2.83% when converting AUD to USD. In comparison, CBA adds a markup of 4.13% to the mid-market exchange rate.
Looking ahead, NAB is forecasting an AUD/USD exchange rate of 0.73 by June 2024 and predicts it will hit 0.78 by Dec 2025. This analysis is based on the United States lowering interest rates.
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