USD to AUD Transfers Compared

   

USD/AUD shows recent volatility as the USD recovers post-Fed's hawkish rate decision, currently at 1.5153. Analysts note support for the dollar amid inflation concerns, while the AUD struggles with risk sentiment. Expect fluctuations influenced by global factors and economic data

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What is the best Send Money conversion rate for USD to AUD?

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Australian dollar (AUD) rates from different sources before making a conversion.

The above Dollar to Aussie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest USD-AUD mid-rate and the possible savings of using various providers. 

How do USD-AUD rates compare between providers?

The next best is XE at 1.5011, -0.6% from the mid-rate.

Then Wise at 1.5003, which is -0.65% from the mid-rate.

The Western Union rate is 1.495 which is -1% from the mid-rate.

Among the banks the Chase Bank rate is 1.4044 at -7% the Wells Fargo Bank rate is 1.3954 at -7.6% and the Citibank rate is 1.4648 at -3% compared to the mid-rate 1.5101.

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 or platforms that offer rates closer to the mid-market rate.