Sending money to Australia is easy and simple. Thanks to the many great money transfer options available, you can choose between speed, cost, and ease of use when transferring money. You can also choose from one of several options that offer balanced deals.
The current exchange rate for the Australian Dollar (AUD) is 1.4730 AUD per American Dollar, as of the time this was written. The average exchange rate for the AUD was 1.4451 AUD per USD over the last 90 days. The AUD reached a low of 1.4151 AUD per USD, and a high of 1.4807 AUD per USD over the last 90 days.
The average volatility rate of the AUD was 0.46% over the last 90 days. This is a higher volatility rate, and the AUD has fluctuated significantly against the USD during the last year. You can reasonably expect the currency exchange rate to fluctuate somewhat actively going forward, barring any unforeseen circumstances.
The fastest way to send money there is through Ria Money Transfer. Make sure you are using the fast option, otherwise the transfer will not be fast at all. With Ria Money Transfer’s fast option, you can expect your money to reach its Australian destination in a matter of minutes. The cost of using this faster service is also quite reasonable when compared with slower, more expensive options.
The cheapest way to send AUD is through OFX. OFX doesn’t charge a stated, upfront fee. Their conversion costs are very reasonable as well, especially when you send larger amounts of money. It should be noted that OFX doesn’t process transfers of less than certain amount, but from here their rates get better. On the lower end, you will pay them just 1% of the transfer, but this rate slides down to 0.4% as the amount of money being transferred increases.
If you cannot abide by a minimum transfer amount, Ria Money Transfer (the slower version) and TransferWise are both competitive offers. The latter is usually more expensive (also depends on the amount being sent), but the money will be delivered faster with TransferWise.
The easiest way to transfer money to Australia is through TransferWise. The peer-to-peer money transfer service specialises in making the transfer process simple. All you need to do is tap the amount of money, and the destination. After you pay TransferWise for the transaction, your money will arrive at its Australian destination in a day or two.
The overall best way to send funds to Australia is through Ria Money Transfer. For the purposes of expedience, we recommend you pay a bit more for the faster option. Their fast option still offers a great balance between speed and cost.
Ria Money is also: