Aussies get generous with international money transfers for the holidays
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 Countries | Average Amount Gifted (AUD) |
| USA | $371 |
| Switzerland | $343 |
| Italy | $329 |
| Least Generous Countries | Average 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.
I want to transfer
Today’s foreign exchange rates
- Excellent exchange rates, no transfer fees
- 24/7 transfers online, over the phone or through the TorFX app
- Personal account management and expert insights
$6,591 USD
IN PERSONn/a
BY PHONE$0
ONLINE$0$0.6591 USD
1-2 days
$200 minimum
- Send to 200+ countries and 100+ currencies globally
- Dedicated Australia-based client services team with personal account management for transfers over $20,000
- 48,000+ 5-star 'Excellent' ratings on TrustPilot
$6,578 USD
- IN PERSONn/aBY PHONE$0ONLINE$0
$0.6578 USD
1-3 days
none
- Transact online 24/7 with fast settlement & extremely competitive rates.
- Quick and easy account setup, supports multiple payment methods including debit/credit card, bank transfers and wire transfers.
$6,578 USD
- IN PERSONn/aBY PHONE$0ONLINE$0
$0.6578 USD
Within minutes
$0 minimum
- Competitive exchange rates and low fees to pay
- Enjoy instant transfers between Revolut users
- Go global and send to 100+ countries in 40+ currencies
$6,600 USD
- IN PERSONn/a
BY PHONEn/aONLINE$0 $0.6600 USD
Immediate
none - AUD $2,000 per month limit on fee free transfers on the Standard subscription tier
- Fee Free transfers
- Talk to a human, 24/7. Sharp Rates and Fast and Secure transfers.
- Australian owned, ASX listed and Official Foreign Exchange Provider of the NHL
$6,578 USD
- IN PERSONn/aBY PHONE$0ONLINE$0
$0.6578 USD
1-2 days
$250 minimum
$500 monthly minimum for regular transfers