What is the
NAB Send Money conversion rate for AUD to CAD?
The NAB AUD to CAD exchange rate is 0.8384. This is -6.2% compared to the latest AUD-CAD mid-market rate 0.8940.
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 Canadian dollar (CAD) rates from different sources before making a conversion.
The above
NAB - Aussie to Loonie 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-CAD mid-rate and the possible savings of using various providers.
How do NAB AUD-CAD rates compare between providers?
Looking at the full
AUD to CAD - Send Money comparison table the provider with the best AUD to CAD exchange rate is OFX at 0.8895, -0.5% from the latest mid-market rate 0.8940.
The next best is XE at 0.8887, -0.59% from the mid-rate.
Then Wise at 0.8882, which is -0.65% from the mid-rate.
The Western Union rate is 0.8851 which is -1% from the mid-rate.
Among the banks the Commonwealth Bank rate is 0.8547 at -4.4% the ANZ Bank rate is 0.8643 at -3.3% and the ING Bank rate is 0.8616 at -3.6% compared to the mid-rate 0.8940.
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.