We use the buying rate from the Commonwealth Bank as the exchange rate for most currencies. For other currencies we get the rates from other banks.
We get the exchange rates from the banks 5 working days before the first working day of the next month.
We update the exchange rates we use on the first working day of each month.
For family assistance payments we treat overseas income differently.
Read about foreign income if you get family assistance.
This information was printed 26 November 2024 from https://www.servicesaustralia.gov.au/rates-we-use-for-international-services. It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.servicesaustralia.gov.au/site-notices when using this material.