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FX & Banking Strategy

Calculate transfer costs, FX timing, CGT on foreign currency gains (AU tax), bank account access from abroad, and optimal transfer strategies.

Transfer Calculator

Amount to Transfer

Currency Pair

Transfer Frequency

AU Tax Residency

CGT on Foreign Currency

If you hold foreign currency and convert it back to AUD, any gain is taxable if you're an AU resident.

Original AUD equivalent when acquired (A$)

AUD equivalent at conversion (A$)

Held 12+ months?

Your Marginal Tax Rate (%)

FX Analysis

FX Strategy & Timing Report

Optimal transfer windows, hedging strategies, and multi-currency banking setup guidance.

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Transfer Provider Comparison

🏦 Big 4 AU Bank

~2.5–4% spread

Most convenient. Poorest rates. SWIFT fee $20–$40/transfer. Good for small amounts.

💸 Wise (TransferWise)

~0.4–0.7% fee

Mid-market rate + small fee. Best for regular transfers. ASIC regulated.

🔄 OFX

~0.5–1% spread

Australian company. No transfer fees over A$10k. Forward contracts available for rate locking.

🌐 Revolut

~0–0.5% (weekdays)

Excellent weekday rates. Weekend markup applies. Multi-currency wallet useful for expats.

🏧 Western Union / MoneyGram

~2–3% spread

Wide availability. Useful for countries with limited fintech access. Not ideal for large amounts.

📊 CBA Global Transfer

~1–2% spread

Useful if you want bank-to-bank with AU account management. Better than branch rates.

⚠️ ATO FX Record-Keeping: Keep records of every FX transaction including date, rate, AUD equivalent, and purpose. The ATO requires this for CGT calculations. A $250/yr gain on FX is exempt (personal use exemption), but this rarely applies to expat transfers.