Leslie Massey
The Australian dollar and Indian rupee are the official currencies of Australia and India, respectively. People often need to exchange one for the other, whether for travel or other purposes. Several companies offer international money transfer services, including Western Union and Xe, which provide online currency conversion and money transfer services.
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What You'll Learn
Best money transfer providers
As of May 28, 2025, 1 Australian dollar (AUD) is equivalent to 0 Indian rupees (INR). Banks often advertise free or low-cost transfers but add a hidden markup to the exchange rate. Here are some of the best money transfer providers from Australia to India:
Wise
Wise gives you the real mid-market exchange rate, so you can make huge savings on your international money transfers. Every transfer you make is protected with HTTPS encryption and 2-step verification. They also run millions of checks each day to protect every transaction from fraud. The best way to send Indian rupees to Australian dollars is from a Wise balance. It's the cheapest and usually arrives in seconds. Bank transfers are also cheap but can be slower. If you have a Wise multi-currency account, you can use the money in your account to fund your transfer. It's cheap and fast.
Western Union
Western Union offers fast, secure, and reliable international money transfer services. You can send money online 24/7 to India from Australia using internet banking (pay with PayID) or a Visa or MasterCard credit, debit, or prepaid card. The receiver can have the money deposited into their bank account or pick up the cash within minutes from participating agent locations in Mumbai, New Delhi, Kolkata, and other cities throughout India.
Xe
Xe uses the mid-market rate for its converter. This rate is for informational purposes only, and you won't receive this rate when sending money. Xe offers easy, secure, and low-fee international money transfers to 190 countries across 130 currencies.
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Exchange rates
When it comes to exchanging Australian dollars (AUD) for Indian rupees (INR), several factors can impact the exchange rate. The exchange rate fluctuates daily based on economic and political events in both countries. Additionally, the exchange rate offered by banks and financial institutions may include additional fees or markups. It is essential to compare the exchange rates offered by different providers to ensure you receive a competitive rate.
Online currency converters, such as those provided by Wise and Xe, can be a useful tool for individuals looking to exchange Australian dollars for Indian rupees. These platforms offer mid-market exchange rates, which are the real exchange rates with no hidden markups. They also allow users to track live exchange rates, set rate alerts, and compare money transfer providers to find the best option for their needs.
It is important to note that the exchange rates provided by online converters are typically for informational purposes only. The actual rate received when sending money may differ due to various factors, including transfer fees, payment methods, and fluctuations in the market. Reputable companies like Western Union offer secure and fast money transfers from India to over 200 countries, including Australia, with encryption and fraud prevention measures in place to protect your transactions.
In summary, when exchanging Australian dollars for Indian rupees, it is essential to consider the prevailing exchange rate, compare rates from multiple providers, and be aware of any additional fees or charges that may impact the final amount received. By staying informed and using reliable money transfer services, individuals can make informed decisions and achieve the best value for their currency exchange transactions.
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International money transfers
Wise offers international money transfers from India to Australia, allowing you to send Indian rupees to Australian dollars. You can pay using a bank transfer or with money already in your Wise account. Wise gives you the mid-market exchange rate, which can result in significant savings compared to banks that add a hidden markup to the exchange rate. Wise also offers low fees and fast transfers, with transactions often taking just seconds.
Western Union also facilitates money transfers from India to Australia, allowing you to send INR to AUD. They offer reliable and quick transfers, with online money transfers and in-app transfers available. Western Union has a large network of agent locations in Australia, enabling recipients to pick up cash transfers in person. They also provide encryption and fraud prevention measures to protect your money transfers.
When choosing a money transfer service, it is important to consider factors such as fees, exchange rates, transfer speed, security, and convenience. Both Wise and Western Union offer competitive rates and secure platforms for transferring money internationally.
Additionally, it is worth noting that banks also provide international money transfer services. However, banks may advertise free or low-cost transfers but often add a hidden markup to the exchange rate, making them a more expensive option compared to specialised money transfer companies like Wise and Western Union.
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Currency conversion rates
The mid-market rate, or the "real exchange rate," is the midpoint between the buy and sell rates in the global FX market. It is often considered the fairest exchange rate, free of any markup or fees that banks or currency exchange providers may add. While the mid-market rate is typically reserved for large institutional investors, some companies like Wise and XE claim to offer this rate to individuals for international money transfers.
XE, for example, provides a currency converter that uses the mid-market rate. While this rate is informative, individuals will not receive it when sending money through XE. Instead, they must log in to view the applicable send rates. XE also offers tools to analyze historical rate trends and set rate alerts for any currency pair.
Western Union is another option for converting currencies, offering international money transfers from India to over 200 countries and territories. While Western Union does not offer the mid-market rate, it provides other benefits such as fast cash pickup and encryption and fraud prevention for transfers.
It is important to note that currency conversion rates are for informational purposes and may not reflect the exact rate you receive when sending money. Banks and other financial institutions may charge fees or add markups to the exchange rate, impacting the final amount received. Therefore, it is advisable to compare multiple providers and consider their fees and exchange rates before choosing a currency conversion service.
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Transfer fees
When transferring money from India to Australia, there are a few options for payment methods, each with its own associated costs.
Bank Transfers
Bank transfers are a cheap and secure way to send money. They are usually the cheapest option when it comes to funding your international money transfer. However, they can be slower than other methods such as debit or credit cards.
Wire Transfers
Wire transfers are another option for sending money internationally. HDFC Bank, for example, offers Telegraphic Transfer or Wire Transfer Services for sending money from any bank in the world to India. It is important to note that all fees and charges associated with wire transfers are non-refundable.
Online Money Transfer Services
Online money transfer services, such as Wise, offer a convenient and fast way to send money. Wise, for example, allows you to send money from a Wise balance or by using a bank transfer. They claim to have transparent pricing, so you know exactly how much you will receive on the other end.
Exchange Rates
It is important to consider the exchange rate when transferring money between currencies. Some providers may advertise no fees, but they may have less favourable exchange rates, so it is important to compare the total cost, including both fees and the exchange rate.
Goods and Services Tax (GST)
Additionally, when transferring money from Australia to India, all foreign exchange transactions are subject to a Goods and Services Tax (GST) of 18% on the amount of commission, fees, and charges paid. This is payable in addition to any other charges.
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