Best Exchange Rates Australia - Compare FX & Save
How BestExchangeRates Saves Australians Money on FX
For over a decade BestExchangeRates.com has been a trusted voice in foreign exchange in Australia and globally.
BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.
We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.
More than 3 million satisfied visitors have saved over $200M on foreign exchange.
We partner with only the largest, safest and most trusted foreign exchange brands.
Track AUD rates – transact when market in your favour. Follow FX forecasts & analysis.
Any marketing fees we receive from partners do not affect your exchange rate savings.
Popular AUD Exchange Rates
Follow exchange rates via your personal BER My Rates Tracker to keep track of trending currency pairs so that you can take advantage of opportunities and trends in the market.
Save on International Money Transfers
Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.
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We compare exchange rates from major financial institutions in Australia.
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Get Better Currency Exchange Rates
We show you how to save by ordering foreign cash online or compare rates on multi-currency travel cards for better currency exchange rates, convenience and security for your next trip or overseas online purchase.
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Australian dollar market update
The Australian dollar (AUD) faced pressure in the currency markets following dovish signals from the Reserve Bank of Australia (RBA) indicating that interest rates may have peaked. This led to a slump in the AUD against major currencies, with concerns persisting about the negative interest rate differential between the US and Australia. FX analysts point out that the beleaguered Australian dollar has shed over 4% this year, with further vulnerabilities ahead. Despite the recent gains being trimmed, AUD remains relatively stable against the USD, EUR, GBP, and JPY, with some pairs trading near their 3-month averages.
Looking ahead, the outlook for the Australian dollar largely hinges on global risk sentiment and developments in US and global interest rates, as well as changes in commodity prices and trade policies. Economists note that a significant turnaround in risk appetite would be needed for the AUD to strengthen going forward. With most banks revising their forecasts downwards for the Australian dollar in 2024, the market view suggests that the AUD risks staying lower for an extended period due to the expected delay in US interest rate changes. Furthermore, any positive developments in the global growth outlook and commodity demand, particularly for iron ore, could potentially boost the Australian dollar in the future.
BestExchangeRates.com keeps you up-to-date on Australian dollar forecasts by collating the views of reliable FX forecasters and economists together with recent AUD price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.