Top online Exchange Rate Calculators

When you’re planning a foreign trip, an online exchange rate calculator is an indispensable tool. Here we highlight three top examples...

Commonwealth Bank
This calculator has 7 default settings:

• Buy foreign cash
• Sell foreign cash
• Send an international money transfer
• Buy travellers cheques
• Sell travellers cheques
• Send a foreign draft
• Buy travel money card

The calculator will automatically readjust to whichever transaction you are investigating (the drop-down menu will contain either the basic currencies (US dollars, UK pounds, Japanese Yen etc.) for travellers cheques; or a vast range of potential foreign currencies for international money transfers.

There are also tips relevant to the main headings.

Westpac
The foreign exchange centre section of Westpac’s site allows you to specify if you’re a foreign exchange seller or buyer. It offers a choice of 29 foreign currencies to convert, in the form of either notes (cash), telegraphic transfer, travellers cheque, cheque or draft.

You simply enter your amount in one currency (foreign or Australian dollars) to calculate the other.

The rates are current and apply to transactions up to and including $10,000 for bank note currency and travellers cheque transactions, and for up to $25,000 for telegraphic transfers and bank draft transactions.

bnz
bnz have a single foreign exchange calculator, with the option of converting 21 foreign currencies into either Australian or New Zealand dollars. Once you’ve used the calculator, you then have the option to transact online, either by buying or selling Australian, US, UK, Euro or Japanese currency.