This is the mid-market rate and is the rate you normally see on the news.
It is called the “mid-rate” because it is always half-way between latest inter-bank BUY and SELL rates for the currency pair.
We compare the latest rates Banks and FX currency converters are offering to this mid-rate and show the percentage margin you are being charged. It's much easier to compare the vendor rates and see how much it is really costing you when the vendor profit is expressed as a percentage.
The Australian dollar has hit new record highs in recent months rising to a 28 year high against the pound sterling. AUDGBP Despite speculation that the recent RBA interest rate drops would substantially impact its valuation, the strong Aussie dollar looks like it’s here to stay awhile. Australians can take advantage by looking overseas for some great buys. ⇒ read article
There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers: Currency fees, Transit fees etc ⇒ read article
There are lots of ways; most importantly you need some information. When you use our Best Exchange Rate calculator you can see who is offering the best deal for your needs, and who is taking the smallest margin ⇒ read article
Most banks and financial institutions charge these sneaky fees for transactions in a foreign currency ⇒ read article
The high Australian dollar means there’s rarely been a better time to travel. Not only are airfares, accommodation and transport more affordable, but your increased shopping power will net you all types of bargains. ⇒ read article
Shoppers: Imports like electronics and cars should be cheaper in coming months if retailers pass on savings from new stock. Buying online from places like the US, UK and Europe will also become cheaper for consumers. Travellers: Overseas holidays will be less expensive ⇒ read article