When you're sending money overseas, a good exchange rate can make a big difference to the amount of money that ends up in your recipient's pocket.
Find live Westpac exchange rates here, and compare them to quotes from other providers to make sure you're getting the most competitive exchange rate for your chosen currency. You'll often be able to save money by sending funds through a specialised money transfer service instead of a bank.
What are Westpac's foreign exchange rates?
The table below shows today's Westpac foreign exchange rates, accurate as of 21 August 2019. The "buy" column refers to the price at which Westpac buys other currencies in exchange for Australian dollars. This is how much you'll get when converting other currencies to Australian dollars through Westpac.
The "sells" column shows the price Westpac gives for other currencies. This is how much you'll get when converting Australian dollars into foreign currencies.
The mid-market rate refers to the middle ground between current buy and sell prices on the global currency markets. It's used as the official average price of a currency at any given time.
To find out how good your deal is, look at the difference between Westpac's exchange rates and mid-market prices. The difference between them is how much of a margin the provider is taking. Poor exchange rates are in effect similar to a hidden fee.
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Updated: 21 Aug 2019 05:57:42 UTC
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Sending money with Westpac: What to know
What we like
Multi-currency options. Westpac has potential money-moving alternatives, such as multi-currency travel cards.
Foreign cash and bank drafts. You can also get foreign cash and bank drafts at Westpac.
What to watch out for
Restricted features. Limit orders and forward contracts are for business customers only.
Uncompetitive fees and rates. Westpac's fees are high, and its exchange rates are poor compared to what money transfer specialists offer.
All of Australia's big 4 banks typically offer similar exchange rates and international transfer fees. So while Westpac's fees and rates are broadly comparable to other banks, they're still worse than what you'll find on offer from a specialist money transfer service.
Use the table below to compare your options and see how much you could save on your next transfer.
The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.
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.
Andrew Munro is the global cryptocurrency editor at Finder. After previously writing about insurance and other areas, he now covers the latest developments in digital assets and blockchain and works on Finder's comprehensive range of guides to help people understand cryptocurrency.
If you want to start selling on Etsy but don’t know what’s involved, you’ll find all the essential info you need to know in this beginner’s guide.
Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.
Better exchange rates for Finder customers. Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Sign up through Finder and get a $50 Myer gift card when you send $10,000 or more. T&Cs apply. SendFX guarantees to match any competitor's exchange rate. Fee-free transfers in 30+ currencies to over 200 countries.
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
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