Compare Commonwealth Bank AUD to INR transfer rates

Compare Commonwealth Bank Exchange Rates & Fees - Save Time & Money

Our Commonwealth Bank AUD 2000 to INR rate is 54.86. This is -5.5% below the mid-rate.

CBA FX at a glance

CBA, or Commonwealth Bank of Australia, is one of the largest and most well-known banks in Australia, offering a wide range of financial products and services to individuals, businesses, and institutions. The bank provides a range of personal banking services, including savings and transaction accounts, credit cards, personal loans, and mortgages. The bank also offers investment and retirement planning services, insurance, and wealth management services.

CBA Exchange Rates – Are you getting a good deal?

If you are a CBA customer and looking to send money overseas through an International Money Transfer (IMT) or get some travel money, you might be curious as to how the exchange rates you receive from CBA compare to other FX specialist providers.

With BER, you can easily view the exchange rate margins or markups provided by CBA for a range of different currencies. The exchange rate margin is the difference between the rate at which CBA buys and sells a particular currency. For example, at the time of writing, CBA exchange rate margins range from 4% to 8% for the different currencies.

Commonwealth Bank does allow you to request a real-time FX rate request, prior to scheduling an international wire. So you can check the rate and compare to the best rates from our BER partner brokers to check for a better deal.

Commonwealth Bank - AUD Rate Margin Analysis

The average AUD rate margin offered by Commonwealth Bank is 4.9%.

This average is based on individual AUD 10K transfer rates in the currency pairs from Commonwealth Bank that we monitor.

Commonwealth Bank - Best and Worst Value Rates

The tables below show the best and worst exchange rate margins offered by Commonwealth Bank for Australian dollar (AUD 10K) transactions. Margins show the percentage difference from the mid-market rate.

Commonwealth Bank Best Value Rates (Lowest Margins)

Currency Pair	Commonwealth Bank Rate	Mid Market Rate	Margin
AUD/USD	0.6328	0.6555	3.5%
AUD/FJD	1.4356	1.4877	3.5%
AUD/GBP	0.4800	0.4979	3.6%
AUD/EUR	0.5458	0.5662	3.6%
AUD/NZD	1.1004	1.1423	3.7%

Commonwealth Bank Worst Value Rates (Highest Margins)

Currency Pair	Commonwealth Bank Rate	Mid Market Rate	Margin
AUD/XPF	62.57	67.56	7.4%
AUD/LKR	185.58	199.50	7.0%
AUD/PHP	35.94	38.50	6.6%
AUD/VND	16,135.51	17,258.16	6.5%
AUD/KWD	0.1881	0.2011	6.5%

Comparing CBA exchange rates

Overall these are the main points to consider when comparing CBA exchange rates:

CBA provides extensive foreign exchange services, FX Specialists provide more additional services and generally speaking a higher level of expertise;

CBA products are available both in-branch and online via their online banking platform NetBank. FX Specialists for foreign transfers are on-line but you can speak to them on the phone, and in some cases you will have an account manager;

Commonwealth Bank exchange rates for foreign transfers are generally poor compared to using an FX specialist.

Commonwealth Bank exchange rates for travel money are comparable to those of the other Australian banks but you will, more likely than not, get less for your dollar than if you ordered your foreign currency and travel money online through providers such as Travelex.

Average to poor exchange rates need to be weighed up against convenience of using a familiar internet banking platform.

What is the Commonwealth Bank Send Money conversion rate for AUD to INR?

The Commonwealth Bank AUD to INR exchange rate is 54.86. This is -5.5% compared to the latest AUD-INR mid-market rate 58.05.

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 Indian rupee (INR) rates from different sources before making a conversion.

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

How do Commonwealth Bank AUD-INR rates compare between providers?

Looking at the full AUD to INR - Send Money comparison table the provider with the best AUD to INR exchange rate is XE at 57.7, -0.6% from the latest mid-market rate 58.05.

The next best is Wise at 57.69, -0.62% from the mid-rate.

Then Western Union at 57.47, which is -1% from the mid-rate.

Among the banks the Commonwealth Bank rate is 54.86 at -5.5% the ANZ Bank rate is 56.03 at -3.5% and the ING Bank rate is 54.04 at -6.9% compared to the mid-rate 58.05.

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

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