Rates and fees verified as correct at 29 October, 2020. Other information correct at the time of writing. Advertiser disclosure.
You can send out and receive money from a range of major currencies with TransferWise including pounds, USD and Euro but there are some currencies that are only available to send out. See below for today’s rates for currencies that Mozo can help you to compare.
TransferWise Rate 0.7009
|Currency||At today's TransferWise Rate, 1 AUD buys*||For 10,000 AUDrecipient will get|
|United States Dollars (USD)||USD0.7009||USD 7,009||Go to site|
|Euros (EUR)||EUR0.5972||EUR 5,972||Go to site|
|Great Britain Pounds (GBP)||GBP0.5392||GBP 5,392||Go to site|
|Canadian Dollars (CAD)||CAD0.9322||CAD 9,322||Go to site|
|Chinese Yuan (CNY)||CNY4.7333||CNY 47,333||Go to site|
|Danish Krone (DKK)||DKK4.4467||DKK 44,467||Go to site|
|Hong Kong Dollars (HKD)||HKD5.4335||HKD 54,335||Go to site|
|Indian Rupee (INR)||INR52.2634||INR 522,634||Go to site|
|Indonesian Rupiah (IDR)||IDR10272.706||IDR 102,727,060||Go to site|
|Japanese Yen (JPY)||JPY73.1003||JPY 731,003||Go to site|
|Malaysian Ringgit (MYR)||MYR2.913||MYR 29,130||Go to site|
|New Zealand Dollars (NZD)||NZD1.054||NZD 10,540||Go to site|
|Norwegian Krone (NOK)||NOK6.5708||NOK 65,708||Go to site|
|Philippine Peso (PHP)||PHP33.9211||PHP 339,211||Go to site|
|Saudi Riyal (SAR)||SAR2.6471||SAR 26,471||Go to site|
|Singapore Dollars (SGD)||SGD0.9557||SGD 9,557||Go to site|
|South African Rand (ZAR)||ZAR11.4537||ZAR 114,537||Go to site|
|Swedish Krona (SEK)||SEK6.2031||SEK 62,031||Go to site|
|Swiss Francs (CHF)||CHF0.6385||CHF 6,385||Go to site|
|Thai Baht (THB)||THB21.8871||THB 218,871||Go to site|
|UAE Dirham (AED)||AED2.5742||AED 25,742||Go to site|
Wondering whether TransferWise could be a good option for your next overseas money transfer? Here are some of the key details you’ll need to know:
It can be hard to get your head around IMT and understand the difference between TransferWise's services compared to other IMT providers. But don't fear, we've got you covered! Here are the answers to all your budding questions about transferring money overseas with TransferWise.
Yes, TransferWise was developed for everyday people like you who need to transfer money internationally either occasionally or every week. In fact, the company was set up by two friends who lived in separate countries (London and Estonia) but each had financial commitments in the other country so they devised a way to send money to each other and bypass bank fees and lousy exchange rates.
TransferWise lets you send money overseas at the lowest possible cost. Instead of burying hidden fees in the exchange rate, TransferWise uses the mid-market rate (also known as interbank rate), which is the midpoint between the buy and sell rate on the global currency markets. It then charges you a small (and fully transparent) fee.
The way TransferWise operates is by having bank accounts in different countries around the world. So say you want to transfer money to France from Australia for example, your money first goes to TransferWise's Australian bank account and is then paid to your recipient in Euros from TransferWise's French bank account. The money never actually crosses any borders, which means low-cost transfers for you.
All transactions are protected using industry standards https encryption. It is also registered with and authorised by the UK Financial Conduct Authority (FCU).
Yes, but only if you cancel the transfer before the transfer is complete. You simply go to the page of the relevant payment and press the cancel payment button.
Now that you've read all about TransferWise, you're probably wondering what sets it apart from other banks and IMT providers out there. If you're considering using TransferWise to transfer funds overseas, you would choose it because:
TransferWise is cheap: Its unique money transfer strategy means that money never actually crosses any borders, meaning low-cost transfers for you.
TransferWise is safe and secure: TransferWise is encrypted with security and operates in a regulated industry.
There really is no minimum: Some IMT companies require you to transfer a minimum amount of dollars, but not TransferWise. This is why if you're looking to trade smaller amounts across to another country, you would choose them.
TransferWise is easy: Gone are the days when you had to visit financial experts to transfer money overseas. With TransferWise you can send funds overseas quite simply on your lunch break using the app and track your transfers on the go.
Visit TransferWise websiteGo to site
Transferring money internationally isn’t a daunting process with TransferWise, in fact, you’ll be surprised by how simple it is. First you’ll need to set up a TransferWise account, then to transfer money there are 4 steps.
Step 1: Specify how much and where you want the payment sent.
Step 2: Upload your money to TransferWise via debit card or EFT.
Step 3: TransferWise pays your recipient from it's local bank account in their country.
Step 4: You get notified of the completed transfer.