The comparison table above helps you see the total cost of your CIBC 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 transaction type, details and click ‘GET RATES’.
AUD to USD Market Data
Australian dollar (AUD) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
AUD to USD is at 90-day highs near 0.7037, 5.9% above its 3-month average of 0.6642, having traded in a fairly volatile 9.2% range from 0.6444 to 0.7037
AUD/EUR Outlook: Slightly positive, but likely to move sideways, as the rate is above its recent average but lacks a clear driver for further upward momentum.
AUD/USD Outlook: Set to rise, bolstered by the AUD's strong positioning. Key drivers: • RBA hints at rate hikes vs. Fed cuts • Strong commodity prices • Focus on inflation data. Range: Likely to test highs while remaining volatile. What could change it: • Upside: Strong inflation data • Downside: Weak global economy
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AUD to USD Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Australian dollar are worth in US dollar across a range of amounts.
This gives a quick view of what you’d get when converting different AUD amounts at today’s rate * :
What is the
best Send Money conversion rate for AUD to USD?
The best AUD to USD exchange rate is 0.7019 from OFX . This is -0.5% compared to the mid-market rate 0.7054.
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 US dollar (USD) rates from different sources before making a conversion.
The above
CIBC - Aussie to Dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
CIBC and other foreign exchange providers against the latest AUD-USD mid-rate and the possible savings of using various providers.
How do CIBC AUD-USD rates compare between providers?
Looking at the full
AUD to USD - Send Money comparison table the provider with the best AUD to USD exchange rate is OFX at 0.7019, -0.5% from the latest mid-market rate 0.7054.
The next best is Wise at 0.7015, -0.55% from the mid-rate.
Then XE at 0.7012, which is -0.6% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like CIBC 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
or platforms that offer rates closer to the mid-market rate.