Understanding the Table:
The comparison table above helps you see the total cost of your Australia Post currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your details and click ‘Get Rates’.
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:
The Australia Post AUD to HKD exchange rate is 4.5495. This is -10.7% compared to the latest AUD-HKD mid-market rate 5.0950.
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 Hong Kong dollar (HKD) rates from different sources before making a conversion.
The above Australia Post - Aussie to Hong Kong dollar 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-HKD mid-rate and the possible savings of using various providers.
Looking at the full comparison table the best AUD to HKD exchange rate is 5.0695 from OFX, -0.5% from the mid-market rate 5.0950. The next best rate is 5.0644 from XE, -0.6% from the mid-rate. Then Wise with 5.0618 is -0.65% from the mid-rate.
The Western Union rate is 5.044 which is -1% from the mid-rate.
Among the banks the Commonwealth Bank rate is 4.8699 at -4.4% the ANZ Bank rate is 4.9400 at -3% and the ING Bank rate is 4.8858 at -4.1% compared to the mid-rate 5.0950.
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.
View a full list of exchange rates by selecting your Base (from) currency: