TransferWise exchange rates compared
You can use the currency converter tool above to check a currency pair and compare exchange rates available at TransferWise against other banks and foreign exchange service providers. Exchange rates shown are updated when the providers make the data available, so you know you're getting the latest rates.
Transferwise is a purely online service that accepts payments via bank transfer, POLi and Apple Pay via their app. Your identity must be verified before exchanging with TransferWise allowing easy peer to peer transfers. TransferWise, because it is a completely online service, allows really low fees. This can be up to 8x cheaper than the big banks. However, this doesn't mean that there is a higher chance of your money getting lost as TransfeWise also offers a high online encryption security service. If you believe TransferWise is right for you, click through our tool today.
Many Australians are looking for more value for their money and as such Transferwise provides the real exchange rate for their overseas transfers. Otherwise known as the mid-market rate at the time of transfer, how TransferWise operates is though its use of funds being kept locally to avoid international money transferring. This allows members to send money overseas at the lowest rate possible, otherwise known as interbank rate. Generally it takes no more than 1 day for your funds to reach TransferWise, making it a quick and effective service.
As well as comparing the TransferWise exchange rate to the many others on offer, using FX Compare, you can also compare banks and financial institutions on a range of other factors. The simplified interface can help you compare levels of service and fee structures, giving you the knowledge to help you decide who is best placed to provide your foreign currency. It's important to remember, however, that providers can change their offers, so be sure to check with them before arranging your currency conversion.