Bank of Melbourne AUD to CHF Transfers Compared

   

AUD/CHF is currently under pressure, trading at 0.5132, 2% below the 3-month avg. Analysts note mixed signals for the AUD due to RBA concerns over inflation and possible rate cuts. Meanwhile, the CHF is impacted by the SNB's zero rate policy and lowered growth forecasts from the IMF

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What is the Bank of Melbourne Send Money conversion rate for AUD to CHF?

The Bank of Melbourne AUD to CHF exchange rate is 0.504. This is -2.2% compared to the latest AUD-CHF mid-market rate 0.5153.

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 Swiss franc (CHF) rates from different sources before making a conversion.

The above Bank of Melbourne - Aussie to Franc comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Bank of Melbourne and other foreign exchange providers against the latest AUD-CHF mid-rate and the possible savings of using various providers. 

How do Bank of Melbourne AUD-CHF rates compare between providers?

Looking at the full AUD to CHF - Send Money comparison table the provider with the best AUD to CHF exchange rate is Wise at 0.5135, -0.35% from the latest mid-market rate 0.5153.

The next best is OFX at 0.5127, -0.5% from the mid-rate.

Then XE at 0.5122, which is -0.6% from the mid-rate.

The Western Union rate is 0.5102 which is -0.99% from the mid-rate.

Among the banks the Commonwealth Bank rate is 0.4932 at -4.3% the ANZ Bank rate is 0.5005 at -2.9% and the ING Bank rate is 0.4886 at -5.2% compared to the mid-rate 0.5153.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Bank of Melbourne 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.