Aussies get generous with international money transfers for the holidays

online money transfer international between family in Australia

If you’re sending money to a loved one this season, you’re far from alone. In fact, new figures from international money transfer technology company Wise show that when it comes to gifting money abroad for the holidays, Aussies are some of the most generous in the world.

How much money are we sending overseas?

According to Wise, the average amount an Australian gifts overseas - specifically noting “Christmas” as the reason - is $327, a significant increase on last year’s average of $294. 

This could be linked to Australia’s large migrant population, with approximately 30% of us born overseas. Sending gifts overseas can be costly, and with a cost of living crisis at hand, many of us are looking to support those at home however we can.

Aussies aren’t alone when it comes to sending money abroad. When it comes to the most and least generous countries for money gifting, according to Wise, we ranked 4th.

Most Generous CountriesAverage Amount Gifted (AUD)
USA$371
Switzerland$343
Italy$329
Least Generous CountriesAverage Amount Gifted (AUD)
Portugal$223
Spain$216
The Netherlands$205

If you’re looking to send money to someone overseas this silly season, whether for Christmas or just to make life a little easier, check out our international money comparison table.

To make the most of your currency conversion, keep an eye on the Aussie dollar and stay on top of the best of money transfers.

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