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ANZ Exchange Rates

 

In this article we take a look at ANZ Bank exchange rates and focus on how their foreign exchange services compare to the best available.

Exchange Rates 2.1
Customer Service 2.4
Ease of Use 1.9

ANZ Bank Exchange Rates Guide – Are ANZ customers getting a good deal?

If you are a customer of ANZ and are using ANZ Internet Banking to send money abroad then you should definitely read on where you will learn about:

 

How do ANZ Bank Exchange Rates Compare?

ANZ Bank Foreign Transfers

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

ANZ Bank - Compare Foreign Transfers

Sending AUD 10,000 to USD

OFX logo OFX
1AUD=0.7333USD
$7333.00 USD (0.84%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: $7333.00 USD
Exchange Rate: 0.7333
(Inverse 1USD=AUD 1.3637)
Fees: AUD 0
Total Cost : 0.84% (from mid-rate: 0.7395)
This is the amount of money that could be received by your transfer at rate AUD/USD=0.7333 and inclusive of the fee of AUD 0.
Rate timestamp : Tue Jul 17 2018 15:00:05 GMT+0000 (UTC)
ANZ Bank logo ANZ Bank
1AUD=0.716USD
$7147.11 USD (3.35%)
Rate available to ANZ Online Banking customers only. Fee for transfers via ANZ Internet Banking is $18 (or $12 if the transfer is over $AUD10,000) in ANZ Foreign Exchange Centre or via ANZ Phone Banking fee is $32.
Price Details
Receive: $7147.11 USD
Exchange Rate: 0.7160
(Inverse 1USD=AUD 1.3966)
Fees: AUD 18
Total Cost : 3.35% (from mid-rate: 0.7395)
Receive USD $186 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/USD=0.716 and inclusive of the fee of AUD 18.
Rate timestamp : Tue Jul 17 2018 15:03:04 GMT+0000 (UTC)
Bank of Queensland logo Bank of Queensland
1AUD=0.7136USD
$7114.59 USD (3.79%)
Rate available to Bank of Queensland Online Banking customers only.
Price Details
Receive: $7114.59 USD
Exchange Rate: 0.7136
(Inverse 1USD=AUD 1.4013)
Fees: AUD 30
Total Cost : 3.79% (from mid-rate: 0.7395)
Receive USD $218 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/USD=0.7136 and inclusive of the fee of AUD 30.
Bank Rates - Average
ANZ Bank logo  Commonwealth Bank logo  St George Bank logo  Westpac logo  Bank of Queensland logo  NAB logo  Bank of Melbourne logo  BankSA logo 
1AUD=0.7033USD
$7019.31 USD (5.08%)
This is the average AUD to USD International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: $7019.31 USD
Exchange Rate: 0.7267
(Inverse 1USD=AUD 1.3761)
Fees: AUD 15
Total Cost : 5.08% (from mid-rate: 0.7395)
Receive USD $314 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/USD=0.7033 and inclusive of the fee of AUD 15.
NAB logo NAB
1AUD=0.701USD
$6994.58 USD (5.41%)
Rate available to National Australia Bank online banking customers only.
Price Details
Receive: $6994.58 USD
Exchange Rate: 0.7010
(Inverse 1USD=AUD 1.4265)
Fees: AUD 22
Total Cost : 5.41% (from mid-rate: 0.7395)
Receive USD $338 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/USD=0.701 and inclusive of the fee of AUD 22.
Commonwealth Bank logo Commonwealth Bank
1AUD=0.6997USD
$6992.80 USD (5.44%)
Rate available to Commonwealth Bank Online Banking customers only.
Price Details
Receive: $6992.80 USD
Exchange Rate: 0.6997
(Inverse 1USD=AUD 1.4292)
Fees: AUD 6
Total Cost : 5.44% (from mid-rate: 0.7395)
Receive USD $340 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/USD=0.6997 and inclusive of the fee of AUD 6 .
Rate timestamp : Tue Jul 17 2018 15:02:02 GMT+0000 (UTC)
Westpac logo Westpac
1AUD=0.6996USD
$6982.01 USD (5.58%)
Rate available to Westpac Online Banking customers only.
Price Details
Receive: $6982.01 USD
Exchange Rate: 0.6996
(Inverse 1USD=AUD 1.4294)
Fees: AUD 20
Total Cost : 5.58% (from mid-rate: 0.7395)
Receive USD $351 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/USD=0.6996 and inclusive of the fee of AUD 20.
St George Bank logo St George Bank
1AUD=0.699USD
$6976.02 USD (5.67%)
Rate available to St George Bank Online Banking customers only.
Price Details
Receive: $6976.02 USD
Exchange Rate: 0.6990
(Inverse 1USD=AUD 1.4306)
Fees: AUD 20
Total Cost : 5.67% (from mid-rate: 0.7395)
Receive USD $357 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/USD=0.699 and inclusive of the fee of AUD 20.
BankSA logo BankSA
1AUD=0.6988USD
$6974.02 USD (5.69%)
Rate available to BankSA Online Banking customers only.
 
Price Details
Receive: $6974.02 USD
Exchange Rate: 0.6988
(Inverse 1USD=AUD 1.4310)
Fees: AUD 20.01
Total Cost : 5.69% (from mid-rate: 0.7395)
Receive USD $359 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/USD=0.6988 and inclusive of the fee of AUD 20.01.
Bank of Melbourne logo Bank of Melbourne
1AUD=0.6988USD
$6973.33 USD (5.7%)
Rate available to Bank of Melbourne Online Banking customers only.
 
Price Details
Receive: $6973.33 USD
Exchange Rate: 0.6988
(Inverse 1USD=AUD 1.4310)
Fees: AUD 21
Total Cost : 5.7% (from mid-rate: 0.7395)
Receive USD $360 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/USD=0.6988 and inclusive of the fee of AUD 21.
Foreign Transfers Table - ANZ Compared
 

ANZ Travel Money

ANZ Bank Travel Money Exchange Rates Compared

Buying USD Cash with AUD 2,000

Australia Post logo Australia Post
1AUD=0.7216USD
$1443.20 USD (2.42%)
The travel money service at Australia Post is provided by Travelex. Click Goto Site and simply order your travel money online from Travelex and elect to pick up at your foreign cash at your nearest located Australia Post branch. For Australia post collection and home delivery orders under $AUD1,000 a $10 collection fee applies.
Price Details
Receive: $1443.20 USD
Exchange Rate: 0.7216
(Inverse 1USD=AUD 1.3858)
Fees: AUD 0
Total Cost : 2.42% (from mid-rate: 0.7395)
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7216 and inclusive of the fee of AUD 0.
ANZ Bank logo ANZ Bank
1AUD=0.716USD
$1417.68 USD (4.15%)
Foreign currency cash is charged at 1% of the AUD equivalent value for each currency purchased, with a minimum charge of AUD 8 per currency.
Price Details
Receive: $1417.68 USD
Exchange Rate: 0.7160
(Inverse 1USD=AUD 1.3966)
Fees: AUD 20 (1%)
Total Cost : 4.15% (from mid-rate: 0.7395)
Receive USD $26 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.716 and inclusive of the fee of AUD 20 (1%).
Rate timestamp : Tue Jul 17 2018 15:03:04 GMT+0000 (UTC)
NAB logo NAB
1AUD=0.7079USD
$1408.72 USD (4.75%)
The NAB in-branch travel money service is provided by Travelex.
Price Details
Receive: $1408.72 USD
Exchange Rate: 0.7079
(Inverse 1USD=AUD 1.4126)
Fees: AUD 10
Total Cost : 4.75% (from mid-rate: 0.7395)
Receive USD $34 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7079 and inclusive of the fee of AUD 10.
Commonwealth Bank logo Commonwealth Bank
1AUD=0.7071USD
$1400.06 USD (5.34%)
Price Details
Receive: $1400.06 USD
Exchange Rate: 0.7071
(Inverse 1USD=AUD 1.4142)
Fees: AUD 20 (1%)
Total Cost : 5.34% (from mid-rate: 0.7395)
Receive USD $43 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7071 and inclusive of the fee of AUD 20 (1%).
Rate timestamp : Tue Jul 17 2018 15:02:02 GMT+0000 (UTC)
Westpac logo Westpac
1AUD=0.707USD
$1399.86 USD (5.35%)
Price Details
Receive: $1399.86 USD
Exchange Rate: 0.7070
(Inverse 1USD=AUD 1.4144)
Fees: AUD 20 (1%)
Total Cost : 5.35% (from mid-rate: 0.7395)
Receive USD $43 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.707 and inclusive of the fee of AUD 20 (1%).
Bank Rates - Average
ANZ Bank logo  Commonwealth Bank logo  St George Bank logo  Westpac logo  NAB logo  Bank of Melbourne logo  BankSA logo 
1AUD=0.7060USD
$1398.89 USD (5.42%)
This is the average AUD to USD Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: $1398.89 USD
Exchange Rate: 0.7108
(Inverse 1USD=AUD 1.4069)
Fees: AUD 10
Total Cost : 5.42% (from mid-rate: 0.7395)
Receive USD $44 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7060 and inclusive of the fee of AUD 10.
St George Bank logo St George Bank
1AUD=0.7064USD
$1398.67 USD (5.43%)
Price Details
Receive: $1398.67 USD
Exchange Rate: 0.7064
(Inverse 1USD=AUD 1.4156)
Fees: AUD 20 (1%)
Total Cost : 5.43% (from mid-rate: 0.7395)
Receive USD $45 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.7064 and inclusive of the fee of AUD 20 (1%).
Bank of Melbourne logo Bank of Melbourne
1AUD=0.6988USD
$1383.62 USD (6.45%)
Please check with the BOM in-branch travel money service for their latest rates.
 
Price Details
Receive: $1383.62 USD
Exchange Rate: 0.6988
(Inverse 1USD=AUD 1.4310)
Fees: AUD 20 (1%)
Total Cost : 6.45% (from mid-rate: 0.7395)
Receive USD $60 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.6988 and inclusive of the fee of AUD 20 (1%).
BankSA logo BankSA
1AUD=0.6988USD
$1383.62 USD (6.45%)
 
Price Details
Receive: $1383.62 USD
Exchange Rate: 0.6988
(Inverse 1USD=AUD 1.4310)
Fees: AUD 20 (1%)
Total Cost : 6.45% (from mid-rate: 0.7395)
Receive USD $60 less than with  Australia Post logo Australia Post
Amount of money that could be received by your currency exchange at rate AUD/USD=0.6988 and inclusive of the fee of AUD 20 (1%).
Travel Money (Buy Foreign Cash) Table - ANZ Compared
 The live tables above will give you an indication of how ANZ Bank exchange rates compare to an alternative FX provider. At the time of writing (16/04/18), the exchange rate margin that ANZ was showing for Foreign Transfers was 4.05%. The margin indicates the amount above the mid-rate (i.e. the rate at which the banks interchange with each other). The cheapest alternative for Foreign Transfers (OFX) at the time of writing was showing a margin of 1.43%, meaning if you had changed $10,000 for EUR with OFX, you would have received EUR165 more than if you had made the exchange with ANZ.So, what about the other exchange rates services that ANZ offers, are they so much better that it makes the higher cost of transfer worth while?

The key benefit that your bank offers to it’s existing customers, is the knowledge that you are transferring with a familiar brand. They already have all your details so there will be no need to complete any additional forms or undergo any further customer verification or security checks. With that in mind, if you are making a one-off international money transfer, where the amount to be exchanged is sufficiently low for the difference in cost to be acceptable to you, then going with your bank could be the way to go for you.

If, however, you are making a substantial or intend to make regular international money transfers, then securing the lowest exchange rate ongoing, will be more critical, as will expertise in the foreign exchange market. The FX specialists that we list on our site are registered and regulated organisations with a strong history of servicing the Foreign transfer and Travel money market.

An FX specialist has resoures that are dedicated to foreign transfers so they will likely be able to offer you advice and guidance as to the type of contract (for example a Spot or Forward contract) that would best suit your situation.

The Main Points:

  • ANZ provides extensive foreign exchange services including foreign transfers and holiday money. FX specialists generally specialise in Foreign Transfers or Travel money;
  • Products available both in-branch and online via their online banking platform. FX specialists will have a stronger online presence but you will be able to talk to a dedicated Foreign Transfer specialist, and for regular or large transfers, you may have an account manager;
  • ANZ Bank exchange rates are generally poor compared to using an FX specialist.
  • Bad exchange rates need to be weighed up against ease of use.
  • On occasion ANZ can offer very good rates especially for Asia currencies.

Exchange rates are something that often worries a traveller planning to travel abroad. Despite the easy availability of travel cards and other facilities, there could be occasions when you will need to carry cash with you. Even if you aren’t keen on knowing it all in detail, a little awareness of the exchange rates could go a long way in helping you choose the best option – cash, use a travel card or make an international money transfer to pay for an organised tour or accomodation cost.

Understanding ANZ Bank exchange rates made easy

To start with, it is common knowledge that ANZ offers its customers a wide range of currency related products and services. This is an attempt to throw more light on the ANZ Bank exchange rates. The aim is to explain and compare the various exchange rates provided for options like Travel Money (cash), Travel Cards and International Money Transfers (IMT).

When you hear the word exchange rate, you might feel a bit lost and confused. However, it becomes easy to understand the exchange rates when you know a few details. For instance, an exchange rate depends on various factors like:

  • The currency you need
  • Transaction – whether you wish to buy or sell the currency
  • The type of product – Travel Money, a Travel Card or International money transfer
A snapshot of the ANZ exchange rate chart
ANZ Bank exchange rates table example

Let’s now use this chart to understand the currencies, transaction type, exchange rates and their calculation that applies in your situation:



How do you calculate currency conversions?

Once you’ve matched your product with the right exchange rate, it is time for currency conversion calculation. The general rule of thumb would be:

  • Convert AUD into foreign currency by multiplying it by the rate
  • Convert foreign currency into AUD by dividing it by the rate

Here are some of the conversion calculations you can resort to in various situations:





As you can see from above, you can see that it is fairly simple but tedious to find the exchange rates that apply to you so we recommend you can use our calculators. The main point to remember is that there would be slight changes in rates depending on the type of product you wish to buy/sell. Also, it is worth remembering that not all products and services are available across all currencies and the rates will be different at ANZ Foreign Exchange centres.

Now that you know about ANZ Exchange rates, you can make diligent currency buying decisions. If you need more information or what to see the current ANZ exchange rates are at their website for comparison,please click here

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Reviews - Average Rating: 2.1

15 Reviews for “ANZ Exchange Rates”

  1. Steve Greig says:

    By far the best exchange rate for Fiji dollar compared to any bank or exchange agent. And I did shop around.

    Exchange Rates 5
    Customer Service 3
    Ease of Use 0
  2. Victoria Dennis says:

    ANZ foreign exchange was excellent.
    Just a quick phone call to their dedicated foreign exchange number (1800 35 25 35) and I had ordered my FJD currency in no time at all! Was advised it would be delivered to my local bank in 3 business days – it got there in 2!
    ANZ also waived their exchange fee on FJD due to cyclone Winston – great job ANZ 🙂

    PS. You have to be an ANZ customer

    Exchange Rates 4
    Customer Service 3
    Ease of Use 3
  3. Rhiannon says:

    Did not stock cash…
    The ladies at ANZ said the bank does not stock INR as it was illegal to take into the county, even after showing them the bank of India statement saying that was not the case. So I left empty handed.

    Exchange Rates 2
    Customer Service 3
    Ease of Use 1
  4. ANZ customer says:

    The rates for transfers shown here and advertised at ANZ.com are at least 1% better than actually offered via internet banking, can someone look at this please?

    Exchange Rates 1
    Customer Service 1
    Ease of Use 1
    1. BER Team says:

      Hi we have now setup a BER page where customers of Banks and Financial institution can report accuracy of exchange rates.

  5. Glenda says:

    anz is not content with having customers, they have the need to squeeze as much as possible from them. I try very hard to always use the Australian Post Office service for my international exchanges, they have no fees.

    Exchange Rates 1
    Customer Service 1.5
    Ease of Use 1
    1. admin says:

      Hi Glenda, thanks for your post. Australia post don’t have fees for Buying Foreign Cash as they make money on the exchange rate they offer. Please refer to http://bestexchangerates.com/travel_money to see which vendor or bank are offering the best rates.

  6. Angela says:

    Easy to purchase foreign currency at the ANZ bank near international check-in at Melbourne Airport. Shop around though. I used ANZ to buy Fijian currency, and by far they had the best over all exchange rate. Used bestexchangerates.com.au to find currency rates. ANZ do charge a cost for non ANZ account holders to buy foreign currencies though. The staff were helpful. I am not an ANZ account holder and I was happy with the overall experience.

    Exchange Rates 3
    Customer Service 4
    Ease of Use 4
  7. Janne says:

    ANZ dont want foreign exchange business. Tried to open an account as I am with ANZ but was told only for businesses, then had a $ 25 p.m. charge and finally that there is no online access. Couldn’t make it any more difficult could they!

    Exchange Rates 1
    Customer Service 1
    Ease of Use 1
  8. Maria says:

    Don’t use the foreign exchange atm unless you are desperate, as they have lower rate than advertised on Internet for over the counter.

    Exchange Rates 2
    Customer Service 2
    Ease of Use 2
  9. Paul B says:

    I just love ANZ, the staff are always so friendly especially the dealers that we call through to always help us with all of our FX needs. ANZ ANZ ANZ

    Exchange Rates 0
    Customer Service 5
    Ease of Use 0
  10. brett says:

    not happy with the rate,staff would not or could not negotiate,far too much margin and will hurt the other way back

    Exchange Rates 1
    Customer Service 1
    Ease of Use 1
  11. Dave says:

    Poor USD rate on the day I went in to exchange

    Exchange Rates 0.5
    Customer Service 2
    Ease of Use 2.5
  12. Jill says:

    Excellent service, good exchange rate for CNY

    Exchange Rates 4
    Customer Service 3
    Ease of Use 3
  13. peachie says:

    Had no Samoa Tala the day I visited

    Exchange Rates 1
    Customer Service 2
    Ease of Use 1

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