Sending a larger amount to ? Request a Free    Multi-Vendor Quote
Recent Transfers
Request a Multi-Vendor Transfer Quote
Compare Hotel Deals
Compare Travel Insurance

Compare Foreign Exchange Rates | Banks & Online Currency Brokers

         Foreign Transfers            Travel Money

AUD/USD Exchange Rate

AUD 1.00 = USD Reference Mid-Rate       Switch to /
Exchange Rates are different for International Bank Transfers & Travel Money   Select
BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your International Bank Transfers and Travel Money. We provide quick currency converter calculators, up-to-date foreign exchange research, news, charts and reviews of foreign exchange brokers and online payment providers to help you choose which is best for your needs.
Save Time & Money - Compare Bank & Broker Foreign Exchange Rates for :
Foreign Transfers     Travel Money & Cards

   Monday, 02 March 2015 - Market Commentary
Daily currency news provided by OzForex

The Australian dollar offered little for investors throughout trade on Friday failing to recover the losses suffered on the back of shrinking private capital expenditure and an improved U.S. core inflation read. Bouncing along within a 60 point range for much of the day investors appeared to be marking time in the lead up to key US data sets. Better than expected preliminary GDP and consumer sentiment reports forced the Aussie back toward the 0.78 cent handle closing the week in familiar territory. Attentions shift to the RBA and its second policy meeting for 2015. With the majority of analyst calling for stability there are some economists suggesting a 2nd consecutive rate cut is an inevitability. The unemployment rate remains stubbornly high, wage growth is at its lowest level in 17 years and employment growth has weakened. Throw into the mix a softening mining sector and an inflated dollar and there is certainly room for RBA action. With little on the domestic docket to drive direction through trade on Monday the AUD will likely find support in China’s decision (Saturday) to cut its benchmark rate in a bid to improve growth while markets look to Manufacturing reports for further direction throughout trade.     
We expect a range today of 0.7620 – 0.7920
Sterling failed to recoup the losses suffered on Thursday offering little to spark investor’s imagination through trade on Friday. With little domestic data on hand the Pound took its cues from offshore stimuli edging lower into the close as better than anticipated U.S. fourth quarter GDP and consumer sentiment helped cement greenback gains. Attentions this week turn to a busy macroeconomic calendar headlined by the Bank of England’s policy announcement Thursday while the more immediate focus turns to Manufacturing PMI for direction through trade on Monday.    
We expect a range today of 1.9620 – 1.9950
Much like its trans-Tasman counterpart the New Zealand dollar failed to recoup the losses suffered throughout trade on Thursday edging marginally higher Friday to close the week just above 0.7550. Taking its cues from offshore data sets the NZD held up well in the face of stronger than anticipated U.S. fourth quarter GDP growth and consumer sentiment. With little domestic data on hand Monday direction will stem from offshore stimuli headlined by a Chinese HSBC manufacturing report  with support derived from the Peoples Bank of China’s decision (Saturday) to cuts its benchmark rate in a bid to fuel growth.      
We expect a range today of 0.7450 – 0.7650
The US Dollar ended the week little changed Friday marking an eight straight monthly gain for the world’s base currency when measured against a basket of 6 major counterparts; as investors shrugged off a string of poor data sets throughout February on expectations the Fed will adjust its benchmark interest rate at some point this year. Preliminary fourth quarter GDP nudged above expectations writing in at 2.2% while consumer sentiment held near 8 year highs with investors’ expectations for consumer driven growth improving. Any advance was checked by a 13 point dip in Chicago PMI index and highlights an underlying vulnerability in the US manufacturing sector. It is however important to note that size of the depreciation hints at an anomaly with investors blaming poor weather, the closure of LA and Long Beach sea ports for delays in capital and a stronger dollar for decline in demand for US exports. Attentions this week turn to a raft of Central bank policy meetings with the Australian Reserve Bank, Canadian Central Bank, Bank of England and European Central Bank all due to release policy updates while Friday’s Non-Farm Payroll report will be crucial in providing direction and governing expectations leading into the Fed’s March 17-18 assembly.
Data releases
AIG Manufacturing Index, MI inflation Gauge, New Home Sales, Company Operating profits and Commodity Prices              
NZD: No Data
Final Manufacturing          
GBP: Nationwide HPI, Manufacturing PMI, Met Lending to Individuals, Mortgage Approvals and M4 Money Supply

BER Notebook - FX Market Research & Currency News/Views from our Partners See more >>

Agility Forex
Oz to me seems like a no-brainer. The Aussie dollar has been beaten down over a commodity slump and a rate decrease by the Reserve Bank of Australia in the face of the ECB’s quantitative easing program. But the real clincher has been the price action over the last few weeks. If you google Aussie… Continue reading
Posted on 16 February 2015 | 6:02 pm
OzForex Research
The Reserve Bank of Australia have cut interest rates for the first time since August 2013 this week, abruptly ending a period of stability which saw rates remain on hold for a record long period. With the domestic cash rate now sitting at 2.25 percent, its lowest ever mark, the announcement has succeeded in spurring… Continue reading
Posted on 8 February 2015 | 4:14 pm
Agility Forex
There’s nothing that can throw cold water on irresponsible populist rhetoric than cold hard reality staring you in the face. It looks as though we are seeing this happen in Greece as we speak. Faced with imminent default, the Greek government stated over the weekend that they would pay their debts owed to the European… Continue reading
Posted on 3 February 2015 | 4:13 am
OzForex Research
Financial markets over the past year have been defined by diverging monetary policy settings with shifting rate expectations changing the dynamic of broader forex markets. Having initially traded up above the 94 US Cents mark as recently as September the Australian dollar has now lost more than 15 percent over the past four months a… Continue reading
Posted on 22 January 2015 | 7:06 pm
Agility Forex
Mario Draghi did not disappoint today when the ECB announced a QE programme to buy 60 Billion Euro in assets per month until September 2016 . The asset purchases will cover both private and public sector bonds and will begin in March 2015. European focus will now turn to the Greek election on Sunday. After… Continue reading
Posted on 21 January 2015 | 8:49 pm

$100K money transfer via OzForex and a Bank

Recently, a friend was preparing to transfer $200K overseas. I suggested he split the money transfer into two, to try OzForex. ⇒ read article

What Emerging Currency jitters mean for the AUD ?

The possibility of a Global Emerging Currency (GEC) and the Australian economy being affected. ⇒ read article

Top Five Tips for Buying Property Overseas

Once you have agreed to the terms of an overseas property purchase, you will then need to make arrangements to pay for it.⇒ read article

High or Low AUD, who Benefits?

How does the gyrations of the Aussie Dollar affect Shoppers, Travellers, Importers, Exporters, Money Transfers, Tourism ? ⇒ read article

Get the best foreign currency exchange rate

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 ⇒ read article

Get a Multi-Vendor Quote

If you are sending a larger amount, ask for a Multi-Vendor Quote and see what special rates and deals are on offer from our vendors Get a Quote

Why is it that when I go into a currency vendor to send money I never get the rate on the news?

You may well think that you are being ripped off, but it is not always the case. In simple terms what you see on the news or in the paper or on yahoo finance is the Middle Rate or mid-rate. Some people want to buy a currency and some people want to sell a currency and there is a gap (or margin) between the price at which you buy and the price at which you sell. ⇒ read article

What makes sending money internationally so expensive?

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, Correspondent bank fees etc ⇒ read article

BestExchangeRates in the Money

“A check with the foreign-exchange comparison website shows a big variation in the exchange rates available when sending money and buying cash.” ⇒ read article

This is an information service. By browsing on the website and/or using our comparison tools, you are asking BestExchangeRates to provide you with information about currency exchange products & services from multiple financial institutions. We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product. If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with BestExchangeRates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details. BestExchangeRates may receive fees or other benefits in relation to activity on the BestExchangeRates website. BestExchangeRates may receive remuneration for vendor referral links.    TOS | Full disclaimer | Privacy Statement | Facebook