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 5 most common foreign currencies we used this month.

Currency From 1 November 2023
Canadian Dollar (CAD) AUD1 = 0.9104
Euro (EUR) AUD1 = 0.6247
Great Britain Pound Sterling (GBP) AUD1 = 0.5442
New Zealand Dollar (NZD) AUD1 = 1.1315
United States Dollar (USD) AUD1 = 0.6611

Previous month rates

These are the rates of the 5 most common foreign currencies we used last month.

Currency From 3 October 2023
Canadian Dollar (CAD) AUD1 = 0.9050
Euro (EUR) AUD1 = 0.6297
Great Britain Pound Sterling (GBP) AUD1 = 0.5478
New Zealand Dollar (NZD) AUD1 = 1.1249
United States Dollar (USD) AUD1 = 0.6700

Less common currencies

To check less common currencies or rates used more than 2 months ago call our foreign income line. You can call from 8 am to 5 pm, Monday to Friday.

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 November 2023.
QC 51520