With over $7 billion foreign remittance received in 2015, the remittance market of Australia continues to grow. The remittance industry of Australia is quite developed and one can find all big players of the sector operating here. Remittance service providers are also preparing to provide improved services and cost to its consumers in this competitive market.
To choose the best option to transfer money to Australia, you can leverage the new innovative platform of Exchange Rate IQ. It provides a unified solution for all remittance needs. You can explore all available options to send money to Australia, compare them side-by side and send money quick and safe.
You can also check analyzed and summarized customer reviews of a money transfer company to make a better decision. When you can get an estimated value in Australian Dollar (AUD) for the amount being transferred and check compare exchange rate, remittance fee, transfer time etc. you can choose the best option for
Current Exchange Rate(Mid Market) :- 1.3033 AUD/USD
is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
- Selling exchange rate - at which sellers are willing to sell a particular currency and
- Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.