1 AUD to BDT: Exchange Rate and MoneyGram Transfer
Are you planning to send money from Australia to Bangladesh? If so, you'll need to know the current exchange rate between the Australian Dollar (AUD) and the Bangladeshi Taka (BDT). In this article, we'll explore the current exchange rate, as well as how to transfer money using MoneyGram.
Current Exchange Rate
As of the current date, the exchange rate is:
1 AUD = 83.45 BDT
Please note that exchange rates can fluctuate frequently, so this rate may change by the time you read this article.
MoneyGram Transfer
MoneyGram is a popular money transfer service that allows you to send money from Australia to Bangladesh. Here's how it works:
How to Send Money with MoneyGram
- Create an Account: Sign up for a MoneyGram account online or through their mobile app.
- Choose Your Transfer Option: Select the "Send" option and choose Bangladesh as the recipient country.
- Enter Payment Details: Enter the amount you want to send in AUD, and select your payment method (e.g., debit card, credit card, or bank transfer).
- Recipient Information: Enter the recipient's name, address, and contact information in Bangladesh.
- Review and Confirm: Review your transaction details and confirm the transfer.
Fees and Exchange Rates
MoneyGram charges a transfer fee, which varies depending on the transfer amount and payment method. Additionally, the exchange rate used by MoneyGram may differ from the current market rate. Here's a breakdown of the fees and exchange rates:
- Transfer Fee: Typically ranges from 1.99% to 3.99% of the transfer amount.
- Exchange Rate Margin: MoneyGram adds a margin to the current market exchange rate, which can range from 1% to 3%.
Example Transfer
Let's say you want to send 1 AUD to Bangladesh using MoneyGram:
- Transfer Amount: 1 AUD
- Exchange Rate: 1 AUD = 82.50 BDT (assuming a 2% exchange rate margin)
- Transfer Fee: 1.99% of 1 AUD = 0.0199 AUD
- Total Amount Received: 82.50 BDT - 0.0199 AUD (converted to BDT) = 81.55 BDT
Conclusion
When transferring money from Australia to Bangladesh using MoneyGram, it's essential to understand the current exchange rate and fees involved. By doing so, you can ensure that your recipient receives the maximum amount possible. Always check the current exchange rate and fees before making a transfer to get the best deal.
Remember to research and compare exchange rates and fees among different money transfer services to find the best option for your needs.
