Revolut IMT helps you transfer money in over 40 currencies to over 100 countries. Plus, with the Revolut Friends feature, your cash could hit your friends’ accounts within seconds. Compare Revolut’s exchange rates below.
Currency | At today's Revolut Rate, 1 AUD buys* | Indicative amount transferred for 10,000 AUD | |
---|---|---|---|
UAE Dirham (AED)
|
AED2.3902 | AED 23,902 | Go to site |
Canadian Dollars (CAD)
|
CAD0.8893 | CAD 8,893 | Go to site |
Swiss Francs (CHF)
|
CHF0.5962 | CHF 5,962 | Go to site |
Danish Krone (DKK)
|
DKK4.5443 | DKK 45,443 | Go to site |
Euros (EUR)
|
EUR0.6097 | EUR 6,097 | Go to site |
Great Britain Pounds (GBP)
|
GBP0.522 | GBP 5,220 | Go to site |
Hong Kong Dollars (HKD)
|
HKD5.0981 | HKD 50,981 | Go to site |
Indonesian Rupiah (IDR)
|
IDR10567.2258 | IDR 105,672,258 | Go to site |
Indian Rupee (INR)
|
INR54.2597 | INR 542,597 | Go to site |
Japanese Yen (JPY)
|
JPY102.9606 | JPY 1,029,606 | Go to site |
Malaysian Ringgit (MYR)
|
MYR3.102 | MYR 31,020 | Go to site |
Norwegian Krone (NOK)
|
NOK7.1949 | NOK 71,949 | Go to site |
New Zealand Dollars (NZD)
|
NZD1.0975 | NZD 10,975 | Go to site |
Philippine Peso (PHP)
|
PHP37.5711 | PHP 375,711 | Go to site |
Swedish Krona (SEK)
|
SEK7.1356 | SEK 71,356 | Go to site |
Singapore Dollars (SGD)
|
SGD0.8872 | SGD 8,872 | Go to site |
Thai Baht (THB)
|
THB24.0425 | THB 240,425 | Go to site |
United States Dollars (USD)
|
USD0.6515 | USD 6,515 | Go to site |
South African Rand (ZAR)
|
ZAR12.2157 | ZAR 122,157 | Go to site |
Revolut facilitates international money transfers in over 40 currencies to over 100 countries.
For personal accounts (they also offer IMT for businesses), there are three plans you’ll need to choose from, packed with all sorts of finance features.
Plan fees are $0/mth (Standard), $9.99/mth (Premium) to $24.99/mth (Metal) and tend to go down depending on the tier of your plan (other fees may apply).
Focussing only on Revolut’s IMT features, the:
Standard plan fees for international money transfers to USD, GBP and CAD are 0.30%, or a minimum of A$0.50 (maximum A$45).
Premium plan fees for international money transfers to USD, GBP and CAD are 0.12%, or a minimum of A$0.20 (maximum A$18).
Metal plan fees for international money transfers to USD, GBP and CAD are 0.06%, or a minimum of A$0.10 (maximum A$9).
Depending on the features you want, there are three tiers of Revolut plans to choose between.
Your options are:
Standard plan ($0/month)
Revolut's entry level plan, giving you access to the app's basic features.
Premium plan ($9.99/month)
Revolut's second level plan, with extra features, limits, and some fee discounts available.
Metal plan (24.99/month)
Revolut's top level plan which comes with a Revolut Metal card, even higher limits for things like ATM withdrawals and fee-free currency exchange, and may even give you cashback for purchases you make using your card (T&Cs apply).
The pros of using Revolut include the range of personal finance features the app includes, like spending and savings tools, as well as having Mozo Experts Choice Award-winning exchange rates.
Customers can keep multiple currencies in a single account, streamlining international transactions and potentially reducing foreign exchange costs.
With access to share trading and crypto investing too, Revolut certainly covers a lot of bases when it comes to your money.
As for the cons, you might want to consider that while Revolut has applied for an Authorised Deposit-taking (ADI) licence, they haven’t yet secured one. This means that any funds you have stored in your account may not be guaranteed under the government’s Financial Claims Scheme (FCS).
Another con is that Premium or Metal accounts are subscription models, where you pay extra for bonus features and, more crucially, lower fees across a few of the app’s features. While that’s a pro for some, e.g. those that do a lot of currency exchanges or buy cryptocurrency regularly, for others the discounted fees you get might not be worth the monthly subscription fee.
All in all, you’ll want to compare international money transfer providers to see if you can get a product or service that fits your needs.
Visit Revolut website
Go to siteStill have questions about Revolut? See if we’ve covered your queries below!
Yes, Revolut is available in Australia and has been since August 2020, approximately five years after it launched in the UK.
If you’re planning to replace or supplement your everyday bank account with your new Revolut account, you’ll be pleased to hear it comes with a Revolut bank card.
What’s more, you can customise your card in all sorts of ways and even have a digital card to store on your smartphone.
Metal account subscribers can get an exclusive Revolut Metal Card, which could be all sorts of useful.
Revolut holds an Australian Financial Services Licence (AFSL). As an AFSL holder, Revolut has a general obligation to provide efficient, honest and fair financial services.
*The exchange rates offered by each provider are indicative exchange rates that have either been supplied by each provider or gathered by Mozo. Exchange rates fluctuate constantly and as a consequence the exchange rates listed here may vary to the actual exchange rate you are quoted by a provider. Please ensure you confirm the actual exchange rate with the relevant provider prior to conducting any transaction. These exchange rates are updated every hour.