Estimate your foreign exchange outcome based on Suncorp rates.
Check the current "Sell" rate on the Suncorp website.
Standard international transaction fees are often around 3%.
Initial Amount (AUD):–
Conversion Rate Used:–
Estimated Bank Fee (AUD):–
Net Amount Converted (AUD):–
You Receive (Foreign Currency):–
Understanding Suncorp Exchange Rates and Fees
When transferring money internationally or making purchases abroad using your Suncorp account, understanding how the exchange rate is calculated is vital for budgeting. The Suncorp Exchange Rate Calculator above helps you estimate how much foreign currency you will receive for your Australian Dollars (AUD), or how much a foreign transaction will cost you.
How to Find the Correct Rate
Banks like Suncorp typically have two different rates for every currency pair:
Buy Rate: The rate the bank uses when they buy foreign currency from you (converting Foreign Currency back to AUD).
Sell Rate: The rate the bank uses when they sell foreign currency to you (converting AUD to Foreign Currency).
If you are sending money overseas or travelling, you should use the Sell Rate in the calculator above.
Suncorp International Transaction Fees
Aside from the exchange rate margin, banks often charge additional fees for international transactions. Common fees to consider include:
International Transaction Fee: Often a percentage (e.g., 3%) of the transaction amount when using a Visa or Debit card online or overseas.
Telegraphic Transfer Fee: A flat fee (e.g., $20 or $30 AUD) charged for sending money directly to a foreign bank account via SWIFT.
This calculator allows you to factor in percentage-based fees to see the true cost of your conversion.
Factors Influencing Exchange Rates
The "Suncorp exchange rate" is not static. It fluctuates throughout the day based on the wholesale forex market. Factors influencing the rate include:
Interest Rates: Differences between the RBA cash rate and foreign central bank rates.
Economic Data: GDP growth, employment figures, and inflation reports.
Geopolitical Stability: Political events can cause volatility in currency pairs like AUD/USD or AUD/GBP.
Disclaimer: This calculator is for estimation purposes only. Actual exchange rates are determined by Suncorp at the time of the transaction. Rates fluctuate constantly. Please consult the official Suncorp website or your branch for the most current live rates and fee structures.
function calculateFx() {
// Get input values
var amountAud = document.getElementById('audAmount').value;
var rate = document.getElementById('targetRate').value;
var feePercent = document.getElementById('bankFee').value;
// Validation
if (amountAud === "" || rate === "" || feePercent === "") {
alert("Please fill in all fields to calculate the exchange.");
return;
}
// Parse values
var principal = parseFloat(amountAud);
var exchangeRate = parseFloat(rate);
var feePct = parseFloat(feePercent);
if (isNaN(principal) || isNaN(exchangeRate) || isNaN(feePct)) {
alert("Please enter valid numbers.");
return;
}
// Logic:
// 1. Calculate the fee in AUD
// 2. Subtract fee from principal? Or add fee on top?
// Usually, for card transactions, the fee is added on top of the spend.
// For transfers, sometimes it's deducted.
// We will model: Amount to Convert is the raw amount, Fee is extra cost,
// but for the "Receive" amount, we convert the raw amount.
// However, if I have $1000 AUD total to spend, how much foreign cash do I get?
// Let's assume the user enters the Amount they want to convert directly.
var feeAmount = principal * (feePct / 100);
var netAmount = principal; // We convert the full amount entered
var foreignCurrencyReceived = netAmount * exchangeRate;
// Formatting currency
var formatterAUD = new Intl.NumberFormat('en-AU', {
style: 'currency',
currency: 'AUD'
});
// Update UI
document.getElementById('displayAmount').innerText = formatterAUD.format(principal);
document.getElementById('displayRate').innerText = exchangeRate.toFixed(4);
document.getElementById('displayFee').innerText = formatterAUD.format(feeAmount);
document.getElementById('displayNet').innerText = formatterAUD.format(netAmount);
// For the final result, we just show the number formatted nicely,
// we don't know the specific currency symbol based on just a rate input,
// so we use a generic decimal format.
document.getElementById('displayFinal').innerText = foreignCurrencyReceived.toLocaleString('en-US', {minimumFractionDigits: 2, maximumFractionDigits: 2});
// Show results
document.getElementById('resultsArea').style.display = 'block';
}