Estimate your foreign currency conversion and compare savings against standard bank fees.
USD – United States Dollar
EUR – Euro
GBP – British Pound
JPY – Japanese Yen
NZD – New Zealand Dollar
CAD – Canadian Dollar
SGD – Singapore Dollar
THB – Thai Baht
IDR – Indonesian Rupiah
* This calculator uses the Visa rate logic (0% markup for Ubank) vs a standard International Transaction Fee. Rates are estimates.
Amount Converted:1000 AUD
With Ubank (0% Fee):650.00 USD
With Major Bank (3% Fee):630.50 USD
Foreign Currency Lost to Fees:
19.50 USD
Equivalent to roughly $30.00 AUD in fees
function updateRateEstimate() {
var select = document.getElementById("targetCurrency");
var selectedOption = select.options[select.selectedIndex];
var rate = selectedOption.getAttribute("data-rate");
document.getElementById("exchangeRate").value = rate;
}
function calculateExchange() {
// Inputs
var amountStr = document.getElementById("audAmount").value;
var rateStr = document.getElementById("exchangeRate").value;
var feeStr = document.getElementById("standardBankFee").value;
var currencySelect = document.getElementById("targetCurrency");
var currencyCode = currencySelect.value;
// Validation
if (amountStr === "" || rateStr === "" || feeStr === "") {
alert("Please fill in all fields correctly.");
return;
}
var amount = parseFloat(amountStr);
var rate = parseFloat(rateStr);
var feePercent = parseFloat(feeStr);
if (isNaN(amount) || isNaN(rate) || isNaN(feePercent) || amount <= 0) {
alert("Please enter valid numeric values.");
return;
}
// Logic
// Ubank uses the Visa rate with no added fee.
// Calculation: Amount * Rate
var ubankForeignCurrency = amount * rate;
// Standard Bank Logic
// Usually, banks charge an International Transaction Fee (approx 3%).
// This effectively reduces the buying power.
// Logic: (Amount – FeeAmount) * Rate OR Amount * (Rate with spread)
// We will model it as a fee deducted from the source amount for clarity of comparison.
// Fee Amount in AUD = Amount * (feePercent / 100)
// Amount Remaining to Convert = Amount – Fee Amount
// Converted = Remaining * Rate
var feeAmountAUD = amount * (feePercent / 100);
var standardAmountToConvert = amount – feeAmountAUD;
var standardForeignCurrency = standardAmountToConvert * rate;
// Difference
var diffForeign = ubankForeignCurrency – standardForeignCurrency;
var diffAUD = feeAmountAUD; // This is the direct savings in AUD
// Formatting
var fractionDigits = 2;
if (currencyCode === "JPY" || currencyCode === "IDR" || currencyCode === "THB") {
fractionDigits = 0;
}
// Display
document.getElementById("displayAmount").innerHTML = amount.toLocaleString(undefined, { minimumFractionDigits: 2, maximumFractionDigits: 2 }) + " AUD";
document.getElementById("feeDisplay").innerHTML = feePercent;
document.getElementById("ubankTotal").innerHTML = ubankForeignCurrency.toLocaleString(undefined, { minimumFractionDigits: fractionDigits, maximumFractionDigits: fractionDigits }) + " " + currencyCode;
document.getElementById("standardTotal").innerHTML = standardForeignCurrency.toLocaleString(undefined, { minimumFractionDigits: fractionDigits, maximumFractionDigits: fractionDigits }) + " " + currencyCode;
document.getElementById("currencyDifference").innerHTML = diffForeign.toLocaleString(undefined, { minimumFractionDigits: fractionDigits, maximumFractionDigits: fractionDigits }) + " " + currencyCode;
document.getElementById("audSavings").innerHTML = "$" + diffAUD.toLocaleString(undefined, { minimumFractionDigits: 2, maximumFractionDigits: 2 }) + " AUD";
// Show Results
document.getElementById("resultsArea").style.display = "block";
}
Understanding the Ubank Exchange Rate
When traveling overseas or making online purchases from international retailers, the exchange rate applied to your transaction can significantly impact the final cost. Ubank has gained popularity among Australian travelers for its competitive approach to international spending.
Does Ubank Charge International Transaction Fees?
One of the primary features of the Ubank Visa Debit card is that Ubank does not charge international transaction fees. While the "Big 4" banks and many other lenders typically charge a fee ranging from 2.5% to 3.5% on every transaction made in a foreign currency, Ubank waives this cost entirely for its customers.
How the Visa Exchange Rate Works
Instead of setting their own proprietary exchange rate with a hidden "spread" or markup, Ubank typically utilizes the Visa exchange rate. This is the wholesale rate provided by Visa, which is generally very close to the mid-market interbank rate.
When you use the calculator above, you can see how avoiding the standard 3% international transaction fee preserves your purchasing power. For example, on a $5,000 holiday spend, a 3% fee would cost you an extra $150 AUD, which is money that could have been spent on your trip instead.
Key Benefits of Using Ubank Overseas
0% International Transaction Fees: You pay the converted amount only, without an extra percentage added on top.
Visa Exchange Rate: Access to competitive global currency rates determined by Visa.
No Overseas ATM Fees (from Ubank): Ubank does not charge you to withdraw cash abroad, though the local ATM operator might still charge their own fee.
Security: Advanced app features allow you to lock your card instantly if it is lost or stolen while traveling.
How to Use This Calculator
This tool is designed to help you estimate how much foreign currency you will receive for your Australian Dollars (AUD) compared to a bank that charges fees.
Enter Amount (AUD): Input the amount of Australian Dollars you intend to convert or spend.
Select Currency: Choose the foreign currency you need (e.g., USD, EUR, JPY). This will pre-fill an estimated exchange rate.
Verify Rate: Exchange rates fluctuate constantly. You can manually update the "Exchange Rate" field to match the current live Visa rate for accuracy.
Compare: The calculator defaults to a 3% competitor fee, which is standard for many major banks. Click "Compare Rates" to see your potential savings.
Disclaimer: This calculator is for educational purposes only. Exchange rates change in real-time. Please check the official Visa website or your banking app for the exact rate at the moment of transaction.