Check your exchange rate

You can check the foreign exchange rate we use for your income or assets.

If you get a reduced rate of pension due to your foreign income and assets, we’ll send you a letter in February each year. This will tell you the exchange rates we used for the past 12 months. You don’t need to do anything when you get this letter.

Current month rates

These are the rates of the most common foreign currencies we used this month.

CurrencyCurrencyFrom 1 May 2024
CanadaCAD0.9211
DenmarkDKK4.7267
European UnionEUR0.6304
Hong KongHKD5.2689
IndiaINR54.6907
JapanJPY104.5000
New ZealandNZD1.1335
NorwayNOK7.4150
PolandPLN2.7356
SwedenSEK7.3485
SwitzerlandCHF0.6155
ThailandTHB25.0200
TurkeyTRY22.0216
United Arab EmiratesAED2.4792
United KingdomGBP0.5438
United StatesUSD0.6710

Previous month rates

These are the rates of the most common foreign currencies we used last month.

CurrencyCurrencyFrom 2 April 2024
CanadaCAD0.9263
DenmarkDKK4.7196
European UnionEUR0.6297
Hong KongHKD5.3545
IndiaINR55.2856
JapanJPY104.2200
New ZealandNZD1.1305
NorwayNOK7.3326
PolandPLN2.7255
SwedenSEK7.1942
SwitzerlandCHF0.6170
ThailandTHB24.9500
TurkeyTRY22.0975
United Arab EmiratesAED2.5244
United KingdomGBP0.5404
United StatesUSD0.6832

Less common currencies

To check less common currencies or rates used more than 2 months ago call our Older Australians Line.

Asking us to reassess

You can ask us to review an exchange rate if there’s more than 5% difference between both:

  • the rate we used
  • the actual rate an organisation or bank used to change your income or assets into Australian dollars.

You need to show us proof of that rate.

Page last updated: 1 May 2024.
QC 51520