RateCheck

AUD to USD — compare your quote with the mid-market rate

Australian Dollar → US Dollar

AUD/USD is heavily traded and a transparent pair to benchmark. Australian banks typically run 1.5–2.5% over the mid; FX specialists clear under 0.5%.

Live rates unavailable — showing reference data. The gap shown may differ from the live figure; try again shortly.
Cost at the mid-market rate
1,437.40AUD
For 1,000 USD · 1 AUD = 0.6957 USD
Enter the rate you were quoted above to see the gap from the mid-market rate.
Spot mid source: fallback · Indicative only

About the AUD/USD pair

This page shows today’s wholesale AUD/USD mid-market rate beside the rate a bank, broker, or kiosk has quoted you. The result is the gap between the two, as a percentage and an amount, in four tiers: under 0.3%, 0.3–1%, 1–3% and over 3% of the amount. The mid-market rate is the rate banks trade at, not a rate you can transact at directly — providers add their margin on top, and that margin is the gap RateCheck shows.

Who sends money on this route

Australian dollars go to US dollars for online purchases and subscriptions billed in dollars, for parents supporting students at American universities, and for Australians who own property or investments in the United States.

Australian exporters and freelancers invoice in US dollars, and small businesses pay for advertising, software and cloud services from US platforms.

What moves AUD/USD

The Reserve Bank of Australia and the Federal Reserve set the policy rates, and the gap between them matters. The Australian dollar is also a commodity currency, moving with iron ore, coal and gas prices and with Chinese demand for them.

On the Australian side, the quarterly consumer price index, the monthly labour force survey and each RBA decision are the key releases. On the US side, the jobs report, inflation and the Fed meeting dominate.

AUD/USD is risk-sensitive. It tends to fall when global markets are nervous, because investors move into dollars, and to recover when confidence returns.

How to read a quote

AUD/USD is quoted as US dollars per Australian dollar to four decimal places. When sending Australian dollars, a customer rate below the mid-market rate delivers fewer US dollars, and the gap is the provider's margin.

Retail bank margins are commonly a few per cent; specialist providers are often under one per cent. On a rate below one, a difference of one US cent is more than one per cent of the amount, so the fourth decimal carries real money on a large transfer.

The RBA’s cash rate target, its next decision date and AUD/USD on recent decision days are on the RBA cash rate page.

Common questions

How far is my AUD/USD quote from the mid-market rate?+
Compare the rate you've been quoted with the live mid-market AUD/USD rate — the wholesale rate banks trade at. RateCheck shows the gap as a percentage and an amount, in four tiers: under 0.3%, 0.3–1%, 1–3% and over 3% of the amount.
How much do banks and brokers charge to convert Australian dollar to US dollar?+
Retail bank margins on international transfers are commonly a few per cent; specialist providers are often under one per cent. The margin is built into the exchange rate, usually on top of any fixed transfer fee, and is rarely shown separately. RateCheck shows it as the gap between your quote and the mid-market AUD/USD rate.
Is the mid-market AUD/USD rate the rate I'll actually get?+
No. The mid-market (interbank) rate is the wholesale reference; providers add their margin on top. It's the rate the gap is measured from, not a rate you can transact at directly.
Why does the Australian dollar fall when US markets fall?+
Investors treat the US dollar as a shelter in stressed markets and the Australian dollar as a growth currency. When shares fall, money tends to flow from one to the other, and AUD/USD drops even if Australian conditions have not changed.
Are Australian dollar transfers to the US priced differently on weekends?+
The wholesale market is closed from Friday evening New York time to Sunday evening. Providers that accept orders over the weekend generally apply a wider margin to cover the gap until trading reopens.
Do US banks charge to receive Australian dollar transfers?+
Some apply an incoming wire fee, and correspondent banks in the chain may deduct charges. Money that arrives in Australian dollars is converted by the US bank at its own rate.

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