Sending money abroad with AusPost
Australia Post is an agent for Western Union, as such all the exchange rates and fees you will get from a visit to an Auspost branch to send money overseas will be those of Western Union.
Western Union are really only a good option if you are in a rush or you and/or the recipient do not have bank accounts.
BestExchangeRates recommends:
- For bank to bank transfers, it is always better to use a FX specialist.
- Consider much cheaper and better options such as TorFX and OFX.
- Find the best provider and rates for your destination currency and amount with our comparison calculator.
What is the
Australia Post Send Money conversion rate for AUD to TRY?
The Australia Post AUD to TRY exchange rate is 23.29. This is -10.8% compared to the latest AUD-TRY mid-market rate 26.11.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Australian dollar (AUD) to Turkish lira (TRY) rates from different sources before making a conversion.
The above
Australia Post - Aussie to Lira comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Australia Post and other foreign exchange providers against the latest AUD-TRY mid-rate and the possible savings of using various providers.
How do Australia Post AUD-TRY rates compare between providers?
Looking at the full
AUD to TRY - Send Money comparison table the provider with the best AUD to TRY exchange rate is OFX at 25.98, -0.5% from the latest mid-market rate 26.11.
The next best is XE at 25.95, -0.61% from the mid-rate.
Then Wise at 25.94, which is -0.65% from the mid-rate.
The Western Union rate is 25.85 which is -1% from the mid-rate.
Among the banks the Commonwealth Bank rate is 24.62 at -5.7% the ANZ Bank rate is N/A and the ING Bank rate is 25.01 at -4.2% compared to the mid-rate 26.11.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
like Australia Post or platforms that offer rates closer to the mid-market rate.