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) has experienced a significant decline of 3% over the past week, largely driven by concerns surrounding the prolonged negative interest rate differential between the US and Australia. This downward trend was exacerbated by hotter-than-expected US inflation data, which led to a souring of market sentiment and a subsequent plunge in the AUD. As markets reassess expectations for a June interest rate cut by the Federal Reserve, anxiety around the possibility of higher borrowing costs for a longer period has unsettled investors.
Looking ahead, the median forecast from a survey of 38 economists suggests that the Australian dollar could bounce back to US69¢ by the end of the year. Factors such as more accommodative monetary policies from central banks, including the US Federal Reserve, could potentially stimulate global growth and improve investor sentiment towards risk-sensitive currencies like the AUD. Additionally, expectations of a narrowing interest rate differential between Australia and other countries in 2024 may provide support to the Australian dollar against major 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.