Send money internationally to Australia (AUD) using the mid-market exchange rate. Check and compare the rates from the major financial providers.
Send money to Australia
What is the best AUD exchange rate today?
How much does it cost to send money to Australia?
- International money transfers shouldn’t be expensive.
- Make sure your provider doesn’t add hidden fees or bad exchange rates to your money transfer.
- You should choose a provider that uses the mid-market exchange rate to convert your money.
In 2013, nearly 500’000 Australians were living abroad according to the United Nations:
- 200’000 in Europe, half of them in the UK
- More than 90’000 in Northern America, with nearly 70’000 in the United States.
- 80’000 in New-Zealand
- 80’000 in Asia
It is therefore easy to find reasons to send money to Australia : as a parent you need to send money to your child who went studying there, as an expatriate working overseas you want to send money back to your family …
According to the Wolrd Bank, $2,2 billions were sent to Australia in 2015.
Many solutions can be used to send money to Australia: from the traditional bank to online money transfer services. The hardest part is to find the solution that best meets your requirements. Let us guide you to find the best way to send money to Australia.
About the Australian Dollar or AU$
Before sending money to Australia, let us give you some insight about the Australian dollar, to help you understand how its rate is influenced.
The Australian dollar can be defined as a commodity currency as it is used for the country raw material exports. China and Asian countries being Australia’s biggest trade partners, their importations can affect the AU$ rate. As a result, it is the 5th most traded currency in the world.
What are the solutions to send money to Australia?
Most people would instinctively go to their bank or connect to their online banking account in order to make a transfer, and we cannot blame them for that! However you have to know that using the NAB, CBA, ANZ or Westpac is by far the most expensive solution when it comes to transferring money. Indeed, even if these banks claim that your transfer is free, you will end up paying extra fees, often called “hidden” fees.
When it comes to hidden fees, you should also be careful with solutions like Western Union or Moneygram which are known to be the most expensive solutions apart from banks.
Using online money transfer operators is probably the best solution you could find. However, many companies are currently offering this service, such as Transfer Wise, World Remit, Currency Fair or World First and it can be tricky to find the cheapest one.