Westpac Exchange Rates Calculator

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Westpac Exchange Rates Converter

Calculate currency conversions for transfers and travel money.

Australian Dollar (AUD) US Dollar (USD) Euro (EUR) British Pound (GBP) New Zealand Dollar (NZD) Japanese Yen (JPY) Canadian Dollar (CAD) Singapore Dollar (SGD) Chinese Yuan (CNY) Indian Rupee (INR)
Australian Dollar (AUD) US Dollar (USD) Euro (EUR) British Pound (GBP) New Zealand Dollar (NZD) Japanese Yen (JPY) Canadian Dollar (CAD) Singapore Dollar (SGD) Chinese Yuan (CNY) Indian Rupee (INR)
Leave 0 for bank-to-bank rate simulation.
Amount After Fees: –
Exchange Rate: –
Converted Total: –

* Note: This calculator uses indicative mid-market rates for demonstration purposes. Actual Westpac retail rates, spreads, and fees may vary at the time of transaction. Always check the official Westpac banking app or website for real-time quote.

function calculateExchange() { // Get input values var amountInput = document.getElementById('amount').value; var fromCurr = document.getElementById('fromCurrency').value; var toCurr = document.getElementById('toCurrency').value; var feeInput = document.getElementById('fee').value; // Validate inputs if (amountInput === "" || isNaN(amountInput)) { alert("Please enter a valid amount to convert."); return; } if (feeInput === "" || isNaN(feeInput)) { feeInput = 0; } var amount = parseFloat(amountInput); var fee = parseFloat(feeInput); // Approximate Rates relative to 1 AUD (Base) // In a real application, these would be fetched via API var rates = { "AUD": 1.00, "USD": 0.6550, "EUR": 0.6050, "GBP": 0.5200, "NZD": 1.0900, "JPY": 98.50, "CAD": 0.8900, "SGD": 0.8800, "CNY": 4.7000, "INR": 54.50 }; // Calculate cross rate // Formula: (Amount in Base) * (Target Rate) // Base is AUD. If From != AUD, convert to AUD first. var baseAmount = 0; // Logic: // 1. Deduct fee if the source currency is AUD (typical for Westpac outbound). // If source is not AUD, we usually deduct fee from the final or handle differently, // but for simplicity, we treat the fee as an AUD deduction from the principal if From is AUD. var effectiveAmount = amount; var feeMsg = ""; if (fromCurr === "AUD" && fee > 0) { effectiveAmount = amount – fee; if (effectiveAmount < 0) effectiveAmount = 0; } // Convert Input Currency to Base AUD var amountInAUD = effectiveAmount / rates[fromCurr]; // Convert Base AUD to Target Currency var finalAmount = amountInAUD * rates[toCurr]; // Calculate the effective exchange rate for display (1 From = ? To) var effectiveRate = (1 / rates[fromCurr]) * rates[toCurr]; // Display Results var resultContainer = document.getElementById('result-container'); var netAmountDisplay = document.getElementById('netAmountDisplay'); var rateDisplay = document.getElementById('rateDisplay'); var totalDisplay = document.getElementById('totalDisplay'); // Format numbers var currencyFormat = new Intl.NumberFormat('en-AU', { style: 'currency', currency: fromCurr }); var targetFormat = new Intl.NumberFormat('en-AU', { style: 'currency', currency: toCurr }); netAmountDisplay.innerHTML = currencyFormat.format(effectiveAmount) + " " + fromCurr; rateDisplay.innerHTML = "1 " + fromCurr + " = " + effectiveRate.toFixed(4) + " " + toCurr; totalDisplay.innerHTML = targetFormat.format(finalAmount); resultContainer.style.display = "block"; }

Understanding Westpac Exchange Rates

Whether you are planning an overseas holiday, purchasing goods from international retailers, or sending money to family abroad, understanding how currency conversion works is essential. This Westpac Exchange Rates Calculator tool helps you estimate the value of your Australian Dollars (AUD) against major global currencies like the US Dollar (USD), Euro (EUR), and British Pound (GBP).

How Exchange Rates Work

Exchange rates fluctuate constantly based on global financial markets. Banks like Westpac generally offer different rates depending on the service you are using:

  • Telegraphic Transfer (TT) Rate: Used when sending money electronically to an overseas bank account. This is often the most common rate for International Money Transfers (IMT).
  • Cash Rate: Applied when you buy foreign cash over the counter at a branch. This rate usually has a higher margin to cover the cost of handling physical notes.
  • Card Rate: Used when you make a purchase overseas using your Westpac Debit or Credit card.

Factors That Cost You Money

When converting currency, the exchange rate is not the only factor determining how much foreign currency you receive. You must also consider:

  1. The Spread: This is the difference between the wholesale "mid-market" rate and the "retail" rate the bank offers you. The bank buys currency at a wholesale price and sells it to you at a retail price.
  2. Transfer Fees: Westpac may charge a flat fee for international transfers, though some online transfers via the app may have reduced or waived fees depending on the destination and account type.
  3. Correspondent Bank Fees: When sending money via SWIFT, intermediary banks may deduct small fees from the total amount before it reaches the recipient.

Using This Calculator

To use the tool above, simply enter the amount you wish to convert. Select your source currency (usually AUD if you are sending money from Australia) and your target currency. If you know there is a fixed transaction fee (e.g., $10 AUD), enter that in the fee field to see exactly how much money will actually be converted after costs.

Please note: This tool provides estimates based on indicative market data. For the exact rate applicable to your transaction, please log in to Westpac Online Banking.

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