Lyla Lindsey
If you're looking to convert your dollars to Australian dollars, there are a few things you should know. Firstly, it's important to be aware of the current exchange rate, which you can find using online currency converters like Wise and Xe. These converters will also show you how the rate has changed over time. Banks often advertise low-cost transfers but add hidden markups to the exchange rate, so it's worth comparing rates and fees to get the best deal. Additionally, if you're using a credit card, you may be charged a cash advance fee and associated interest charges. To avoid these fees, consider using a debit card or an alternative payment method.
| Characteristics | Values |
|---|---|
| Online Currency Converters | Xe, Wise, Forbes Advisor, Exiap |
| Currency Cards | Wise Multi-Currency Card |
| Online Ordering | Wise, Exiap |
| In-Person Ordering | Exiap |
| Mid-Market Rate | Xe, Wise |
| Date of Conversion Rate | 23 April 2025 (Forbes Advisor) 29 April 2025 (Xe) 30 April 2025 (Xe) |
| Exchange Rate | 1 USD = 1.5578–1.6794 AUD 1 USD = 0.641272–0.6420 AUD 1 AUD = 0.5955–0.63860781 USD 1 AUD = 1.56591–1.570463 USD |
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What You'll Learn
Currency converter tools
OANDA
OANDA is a trusted currency converter that offers free services. It uses OANDA Rates™, which are compiled from leading market data contributors. The platform provides accurate and reliable foreign exchange rates. You can use their online tool or download the data as a CSV file. OANDA supports 212 currencies and 9 languages, including English, French, German, and Spanish.
Xe Currency Converter
Xe Currency Converter is another popular choice for exchanging dollars for Australian dollars. It offers live exchange rates and supports international money transfers to 190 countries and 130 currencies. Xe uses the mid-market rate, which is the same rate used by banks and large institutions for trading large volumes of foreign currency. You can set rate alerts, analyze rate trends, and use their API for automated currency data.
Wise
Wise (formerly known as TransferWise) is a well-known currency converter that offers transparent and competitive exchange rates. They provide the real mid-market exchange rate, helping you avoid hidden markups that banks and traditional providers often add. With Wise, you can track live exchange rates, compare money transfer providers, and see how rates have changed over time. Wise is a great option for making international money transfers without unexpected fees.
In addition to these online tools, you can also convert dollars to Australian dollars through traditional methods such as banks, credit unions, or foreign exchange kiosks, especially if you're traveling to Australia and need local currency. However, keep in mind that these options may have higher fees and less favourable exchange rates compared to the online currency converter tools mentioned above.
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International money transfers
Western Union allows you to transfer USD to AUD online using your bank account, credit/debit card, or cash in-store. You can track your transfer online or with their app using the MTCN. The recipient can then pick up the cash at a Western Union location.
CurrencyTransfer also offers international money transfers from USD to AUD. They have a team of relationship managers who will evaluate your needs and match you with the best pre-approved and FCA-regulated currency supplier.
Wise also provides a currency converter that shows the current USD to AUD rate and how it has changed over the past day, week, or month. They claim to give you the real mid-market exchange rate, which can result in significant savings on your international money transfers compared to banks and other providers that add hidden markups to their exchange rates.
It is important to note that the mid-market rate is typically different from the rate you will receive when sending money. This is because money transfer services usually apply a margin to the mid-market rate, which can result in higher fees for the sender.
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Exchange rate trends
XE offers a currency converter that allows users to analyse exchange rate trends for any currency over a few days, weeks, months, or years. The Xe Currency Data API provides an automated currency feed to help users keep track of the latest exchange rate trends. It also offers a daily analysis of markets, exchange rates, and news delivered straight to users' inboxes.
Wise, another currency converter, provides the current USD to AUD exchange rate and how it has changed over the past day, week, or month. It also allows users to track live exchange rates and see how rates have changed over the last 500 days.
According to Wise, the USD to AUD exchange rate has seen fluctuations over the last 30 and 90 days. In the last 30 days, the USD to AUD exchange rate reached a high of 1.6794 and a low of 1.5578, resulting in an average of 1.5936. Over the last 90 days, the 90-day high was 1.6794, while the low was 1.5578, making the 90-day average 1.5903.
On the other hand, the AUD to USD exchange rate performance over the last 30 days showed a high of 0.6420 and a low of 0.5955, with an average of 0.6278. For the last 90 days, the 90-day high was 0.6420, and the low was 0.5955, resulting in an average of 0.6290.
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Payment methods
There are several payment methods available for converting dollars to Australian dollars. The best option for you will depend on your location, how quickly you need the money, and whether you want to carry cash or prefer to spend with a card.
If you are in the US and have some time before your trip, you can order a travel money card from a provider like Wise. You can top up the card with US dollars and then use it to spend and withdraw money in Australia. The Wise Multi-Currency Card has a one-time fee of $9 USD and can be used with mid-market rates and low, transparent fees in over 150 countries. You can also order your currency online from a service like Xchange of America or CXI and have it delivered to your home. Currency conversion and delivery fees apply, but some currencies can be dispatched quickly if you pay with a debit or credit card.
If you need to get your money quickly, you can get Australian dollars instantly at a foreign currency exchange office or at the airport before your trip. Some exchange offices accept card payments, but it is best to shop around as exchange rates and fees can vary. You can also buy Australian dollars in person at a bank, but you may need to place your order in advance and wait a few days before you can collect it.
To send money online from the US to Australia, you can use a service like Wise. You can pay with your debit or credit card, or send money from your online banking. Wise charges a small, flat fee of $7.34 USD plus 0.28% of the amount that's converted, and you can track your transfer in your account. Other online transfer services include Western Union, which allows you to send money online, with their app, or in person at an agent location.
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Foreign exchange services
Bank of America offers foreign currency exchange services to its customers, including discounts of up to 2% off the published exchange rate for Preferred Rewards clients. They also offer free standard shipping for orders placed through online banking or their mobile app.
TD Bank also provides foreign exchange services at their TD Foreign Exchange Centers, with up to 15 foreign currencies available for immediate exchange. They offer cross-border banking services and secure international wire transfers, with transparent exchange rates and foreign currency totals.
Wells Fargo assists with foreign currency cash orders and international wire transfers. They offer more than 70 currencies for use in over 100 countries and can often buy back unused foreign currency upon your return. They also allow incoming wire transfers to be received in foreign currencies, which are then converted into U.S. dollars and deposited into your account.
In addition to banks, there are specialist foreign exchange providers like Wise, which offer currency conversion and international money transfer services. Wise provides a currency converter that shows the current exchange rate and how it has changed over time. They claim to offer the real mid-market exchange rate without any hidden markups, allowing customers to make savings on their international money transfers.
Another popular option for foreign exchange is Xe, which also provides a currency converter and offers international money transfer services. Xe allows you to set free rate alerts for any currency pair and analyze rate trends over different periods. They provide low-fee money transfers to 190 countries and across 130 currencies.
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Frequently asked questions
You can convert dollars to Australian dollars at a full-service banking center if you have a Bank of America account. Western Union also offers this service, and you can do it online, with their app, or in person.
The current exchange rate depends on the service you use. As of recently, the USD to AUD exchange rate has been between 1.5578 and 1.6794.
Banks often advertise free or low-cost transfers but add hidden markups to the exchange rate. If you're using a credit card, a card-issuer cash advance fee and associated interest charges may apply.
