Rates and fees verified as correct at 28 July, 2021. Other information correct at the time of writing. Advertiser disclosure.
You can send out and receive money from a range of major currencies with Wise, including pounds, USD and Euro. However, keep in mind that some currencies are only available to send out. See below for today’s rates for currencies that Mozo can help you to compare.
Wise Rate 0.7363
|Currency||At today's Wise Rate, 1 AUD buys*||For 10,000 AUD recipient will get|
United States Dollars (USD)
Great Britain Pounds (GBP)
Canadian Dollars (CAD)
Chinese Yuan (CNY)
Danish Krone (DKK)
Hong Kong Dollars (HKD)
Indian Rupee (INR)
Indonesian Rupiah (IDR)
Japanese Yen (JPY)
Malaysian Ringgit (MYR)
New Zealand Dollars (NZD)
Norwegian Krone (NOK)
Philippine Peso (PHP)
Saudi Riyal (SAR)
Singapore Dollars (SGD)
Sri Lankan Rupee (LKR)
South African Rand (ZAR)
Swedish Krona (SEK)
Swiss Francs (CHF)
Thai Baht (THB)
UAE Dirham (AED)
Wondering whether Wise 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 Wise's services and 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 Wise.
Yes, Wise was developed for everyday people 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). Each had financial commitments in the other country, so they devised a way to send money to each other that bypassed bank fees and lousy exchange rates.
Wise lets you send money overseas at a lower cost. Instead of burying hidden fees in the exchange rate, Wise 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 Wise 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 would first go to Wise's Australian bank account and is then paid to your recipient in Euros from Wise'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's 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. Just simply go to the page of the relevant payment and press the cancel payment button.
Now that you've read all about Wise, you're probably wondering what sets it apart from other banks and IMT providers out there. Some reasons to consider using Wise to transfer funds overseas are:
Wise is cheap: Its unique money transfer strategy means that money never actually crosses any borders, meaning low-cost transfers for you.
Wise is safe and secure: Wise 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 Wise. This is particularly handy if you're looking to trade smaller amounts across to another country.
Wise is easy: Gone are the days when you had to visit financial experts to transfer money overseas. With Wise, you can send funds overseas quite simply on your lunch break using the app and track your transfers on the go.
Transferring money internationally isn’t a daunting process with Wise. In fact, you’ll be surprised by how simple it is. First, you’ll need to set up a Wise account, then to transfer money, there are 4 steps: