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Understanding the Table:
The comparison table above helps you see the total cost of your NAB currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your details and click ‘Get Rates’.
Like all the leading banks, NAB (National Australia Bank) offers a wide range of currency related products and services to its customers. If you are a customer of NAB and use internet banking to transfer money overseas then you will be interested to learn how NAB exchange rates compare to other providers.
* You must be a customer of NAB Bank to use their exchange currency services.
International transfers sent in Australian dollars using the NAB app or NAB Internet Banking incur a $30 transfer fee. International transfers made at a NAB branch (sent in Australian dollars or foreign currency) incur a $30 transfer fee.
In 2022, NAB (National Australia Bank) announced their acquisition of the Citi consumer banking business in Australia.
If you previously had a Citi branded deposit, home loan or investment account, your account was closed, and balance transferred to your NAB branded account on 24 February 2024.
You can manage your foreign transfers through NAB Internet Banking or the NAB app where NAB exchange rates will now apply.
Sending money to Bangladesh can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Bangladesh bank accounts or pay a Bangladeshi taka invoice.
The NAB AUD to BDT exchange rate is 73.02. This is -8% compared to the latest AUD-BDT mid-market rate 79.37.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Australian dollar (AUD) to Bangladeshi taka (BDT) rates from different sources before making a conversion.
The above NAB - Aussie to Taka comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by NAB and other foreign exchange providers against the latest AUD-BDT mid-rate and the possible savings of using various providers.
Looking at the full comparison table the best AUD to BDT exchange rate is 78.89 from XE, -0.6% from the mid-market rate 79.37. The next best rate is 78.85 from Wise, -0.66% from the mid-rate. Then Currencies Direct with 78.73 is -0.81% from the mid-rate.
The Western Union rate is 78.57 which is -1% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like NAB often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency: