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 a notable downturn this last week, dropping 3% amidst growing concerns over the enduring negative interest rate disparity between the US and Australia. Market sentiment towards the Aussie soured further following the release of higher-than-expected US inflation data, leading to a plunge in the AUD amidst fears of prolonged elevated borrowing costs. FX analysts are now keenly observing key upcoming data, such as Australian consumer inflation expectations for April, to gauge the potential impact on the currency's trajectory.
Looking ahead, the median forecast from a recent survey of 38 economists suggests the AUD may see a rebound to US69¢ by year-end. Moreover, many financial institutions are predicting a rise in the Australian dollar for the remainder of 2024, fueled by factors such as interest rates, commodity prices, and risk appetite. The evolving interest rate differentials between Australia and other major economies are anticipated to play a vital role in supporting the AUD's value in the coming months, as analysts project a potential convergence in rates that could favor the Aussie against currencies like the USD, EUR, and GBP.
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.