This resource page for the Australian Dollar to New Zealand Dollar exchange rate, has news,
forecasts and
AUD to NZD comparison tables for
foreign transfers and
travel money
rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with
our Exchange Rate Checker .
AUD/NZD Exchange Rates - How to Compare & Save
Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for AUD/NZD International Money Transfers. Costs are calculated against the current interbank mid-rate.
AUD to NZD International Money Transfers Foreign Transfer Providers Receive NZD($) Exchange RateFee AUD Total Cost Deal Links
10,492 NZD Best Overall
1.0492 0 0.5%
10,461 NZD 31 NZD
1.0461 0^ 0.8%
10,314 NZD 178 NZD
1.0314 0 2.19%
10,431 NZD 61 NZD
1.0452 20 1.08%
10,286 NZD 206 NZD
1.0305 18 2.46%
Average Bank Rate
10,189 NZD 303 NZD
1.0208 15 3.38%
BankSA International Money Transfers
10,156 NZD 336 NZD
1.0176 20.01 3.69% Bank of Melbourne International Money Transfers
10,155 NZD 337 NZD
1.0176 21 3.7%
10,143 NZD 349 NZD
1.0149 6 3.81%
10,120 NZD 372 NZD
1.015 30 4.03%
10,119 NZD 373 NZD
1.0139 20 4.04%
10,098 NZD 394 NZD
1.012 22 4.24%
WorldFirst: Foreign Transfer AUD→NZD AUD amount: $10,000 AUD Fee: Exchange Rate: 1.0492 (0.5% from mid-rate) NZD amount: 10,492 NZD Total Cost: 0.5% Time: 16:00 Local Transfer Speed: 1-2 days Services: Bank Transfers - Online & Phone, Foreign Currency Accounts Rating: : 4.6/5.0 Reviews:
OFX (OzForex): Foreign Transfer AUD→NZD AUD amount: $10,000 AUD Fee: 0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K) Exchange Rate: 1.0461 (0.8% from mid-rate) NZD amount: 10,461 NZD Total Cost: 0.8% Difference: Time: Rate Fetched: 16:00 Local
Transfer Speed: 1-2 days Services: Bank Transfers - Online & Phone, Foreign Currency Accounts Rating: : 4.8/5.0 Reviews:
TorFX: Foreign Transfer AUD→NZD AUD amount: $10,000 AUD Fee: 0 Exchange Rate: 1.0314 (2.19% from mid-rate) NZD amount: 10,314 NZD Total Cost: 2.19% Difference: Time: 16:00 Local Transfer Speed: 1-2 days Services: Bank Transfers - Online & Phone Rating: : 4.7/5.0 Reviews:
Westpac: Foreign Transfer AUD→NZD AUD amount: $10,000 AUD Fee: 20 Exchange Rate: 1.0452 (0.88% from mid-rate) NZD amount: 10,431 NZD Total Cost: 1.08% Difference: Time: Rate Fetched:
website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC)
Transfer Speed: 2-3 days Services: Online, Branch, Bank Transfers Rating: : 2/5.0 Reviews:
ANZ Bank: Foreign Transfer AUD→NZD AUD amount: $10,000 AUD Fee: 18 Exchange Rate: 1.0305 (2.28% from mid-rate) NZD amount: 10,286 NZD Total Cost: 2.46% Difference: Time: Rate Fetched:
website - Sun Aug 25 2019 14:03:05 GMT+0000 (UTC)
Transfer Speed: 2-3 days Services: Online, Branch, Bank Transfers Rating: : 3/5.0 Reviews:
Foreign Transfer AUD→NZD AUD amount: $10,000 AUD Fee: 15 Exchange Rate: 1.0237 (2.92% from mid-rate) NZD amount: 10,189 NZD Total Cost: 3.38% Difference: Transfer Speed: 2-3 days Services: Online, Branch, Bank Transfers
BankSA: Foreign Transfer AUD→NZD AUD amount: $10,000 AUD Fee: 20.01 Exchange Rate: 1.0176 (3.5% from mid-rate) NZD amount: 10,156 NZD Total Cost: 3.69% Difference: Time: Rate Fetched:
website - 16:00 Local
Transfer Speed: 2-3 days Services: Online, Branch, Bank Transfers Rating: : /5.0 Reviews:
Bank of Melbourne: Foreign Transfer AUD→NZD AUD amount: $10,000 AUD Fee: 21 Exchange Rate: 1.0176 (3.5% from mid-rate) NZD amount: 10,155 NZD Total Cost: 3.7% Difference: Time: Rate Fetched:
website - 16:00 Local
Transfer Speed: 2-3 days Services: Online, Branch, Bank Transfers Rating: : /5.0 Reviews:
Commonwealth Bank (CBA): Foreign Transfer AUD→NZD AUD amount: $10,000 AUD Fee: 6 Exchange Rate: 1.0149 (3.76% from mid-rate) NZD amount: 10,143 NZD Total Cost: 3.81% Difference: Time: Rate Fetched:
website - Sun Aug 25 2019 14:02:02 GMT+0000 (UTC)
Transfer Speed: 2-3 days Services: Online, Branch, Bank Transfers Rating: : 1.2/5.0 Reviews:
Bank of Queensland: Foreign Transfer AUD→NZD AUD amount: $10,000 AUD Fee: 30 Exchange Rate: 1.0150 (3.75% from mid-rate) NZD amount: 10,120 NZD Total Cost: 4.03% Difference: Time: Transfer Speed: 2-3 days Services: Online, Branch, Bank Transfers Rating: : 3/5.0 Reviews:
St George Bank: Foreign Transfer AUD→NZD AUD amount: $10,000 AUD Fee: 20 Exchange Rate: 1.0139 (3.85% from mid-rate) NZD amount: 10,119 NZD Total Cost: 4.04% Difference: Time: Rate Fetched:
website - 16:00 Local
Transfer Speed: 2-3 days Services: Online, Branch, Bank Transfers Rating: : 1/5.0 Reviews:
National Australia Bank (nab): Foreign Transfer AUD→NZD AUD amount: $10,000 AUD Fee: 22 Exchange Rate: 1.012 (4.03% from mid-rate) NZD amount: 10,098 NZD Total Cost: 4.24% Difference: Time: Rate Fetched:
website - Sun Aug 25 2019 14:05:03 GMT+0000 (UTC)
Transfer Speed: 2-3 days Services: Online, Branch, Bank Transfers Rating: : 2.1/5.0 Reviews:
Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.
New Zealand dollar Travel Money Travel Money Providers Amount NZD($) Exchange RateFee AUD Total Cost Deal Links
1,034.75 NZD
1.0452 A$10 1.87%
1,021.2 NZD 14 NZD
1.0212 $0 BPay, Card 0.72%-1% 3.16%
1,020.2 NZD 15 NZD
1.0305 A$10 3.25%
1,017.6 NZD 17 NZD
1.0176 $0 BPay, Card 0.72%-1% 3.5%
1,012.5 NZD 22 NZD
1.0125 A$0 3.98%
Average Bank Rate
1,006 NZD 29 NZD
1.0187 10 4.57%
Bank of Melbourne Foreign Currency
1,002.34 NZD 32 NZD
1.0176 A$15 4.95%
BankSA Foreign Currency
1,002.34 NZD 32 NZD
1.0176 A$15 4.95%
1,001.09 NZD 34 NZD
1.0112 A$10 5.06%
995.05 NZD 40 NZD
1.0102 A$15 5.64%
988.32 NZD 46 NZD
0.9983 10 6.28%
Westpac: Travel Money AUD→NZD AUD amount: $1,000 AUD Fee: A$10 AUD (1%) Exchange Rate: 1.0452 (0.88% from mid-rate) NZD amount: 1,034.75 NZD Total Cost: 1.87% Time: Rate Fetched:
website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC)
Currency Services: Branch Delivery/Collect: - Rating: : 2/5.0 Reviews:
Travelex Online AU: Travel Money AUD→NZD AUD amount: $1,000 AUD Fee: $0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit Exchange Rate: 1.0212 (3.16% from mid-rate) NZD amount: 1,021.2 NZD Total Cost: 3.16% Time: Rate Fetched: Sun Aug 25 2019 14:00:05 GMT+0000 (UTC)
Currency Services: Online order, Branch pickup, Home delivery Delivery/Collect: 2-3 days Rating: : 4.3/5.0 Reviews:
ANZ Bank: Travel Money AUD→NZD AUD amount: $1,000 AUD Fee: A$10 AUD (1%) Exchange Rate: 1.0305 (2.28% from mid-rate) NZD amount: 1,020.2 NZD Total Cost: 3.25% Time: Rate Fetched:
website - Sun Aug 25 2019 14:03:05 GMT+0000 (UTC)
Currency Services: Branch Delivery/Collect: - Rating: : 3/5.0 Reviews:
Australia Post: Travel Money AUD→NZD AUD amount: $1,000 AUD Fee: $0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit Exchange Rate: 1.0176 (3.5% from mid-rate) NZD amount: 1,017.6 NZD Total Cost: 3.5% Time: 16:00 Local Currency Services: Online order, Branch pickup, $10 fee for orders under $1000 Delivery/Collect: 2-3 days Rating: : 4/5.0 Reviews:
Travel Money Oz: Travel Money AUD→NZD AUD amount: $1,000 AUD Fee: A$0 AUD (0 BPay, Credit Card 1%) Exchange Rate: 1.0125 (3.98% from mid-rate) NZD amount: 1,012.5 NZD Total Cost: 3.98% Time: Rate Fetched: 16:00 Local
Currency Services: Online order, Branch pickup Delivery/Collect: 3-5 days Rating: : 4.2/5.0 Reviews:
Travel Money AUD→NZD AUD amount: $1,000 AUD Fee: 10 Exchange Rate: 1.0023 (4.95% from mid-rate) NZD amount: 1,006 NZD Total Cost: 4.57% Currency Services: Branch Delivery/Collect: -
Bank of Melbourne: Travel Money AUD→NZD AUD amount: $1,000 AUD Fee: A$15 AUD (Minimum fee) Exchange Rate: 1.0176 (3.5% from mid-rate) NZD amount: 1,002.34 NZD Total Cost: 4.95% Time: Rate Fetched:
website - 16:00 Local
Currency Services: Branch Delivery/Collect: - Rating: : /5.0 Reviews:
BankSA: Travel Money AUD→NZD AUD amount: $1,000 AUD Fee: A$15 AUD (Minimum fee) Exchange Rate: 1.0176 (3.5% from mid-rate) NZD amount: 1,002.34 NZD Total Cost: 4.95% Time: Rate Fetched:
website - 16:00 Local
Currency Services: Branch Delivery/Collect: - Rating: : /5.0 Reviews:
Commonwealth Bank (CBA): Travel Money AUD→NZD AUD amount: $1,000 AUD Fee: A$10 AUD (1%) Exchange Rate: 1.0112 (4.11% from mid-rate) NZD amount: 1,001.09 NZD Total Cost: 5.06% Time: Rate Fetched:
website - Sun Aug 25 2019 14:02:02 GMT+0000 (UTC)
Currency Services: Branch Delivery/Collect: - Rating: : 1.2/5.0 Reviews:
St George Bank: Travel Money AUD→NZD AUD amount: $1,000 AUD Fee: A$15 AUD (Minimum fee) Exchange Rate: 1.0102 (4.2% from mid-rate) NZD amount: 995.05 NZD Total Cost: 5.64% Time: Rate Fetched:
website - 16:00 Local
Currency Services: Branch Delivery/Collect: - Rating: : 1/5.0 Reviews:
National Australia Bank (nab): Travel Money AUD→NZD AUD amount: $1,000 AUD Fee: 10 Exchange Rate: 0.9983 (5.33% from mid-rate) NZD amount: 988.32 NZD Total Cost: 6.28% Time: Rate Fetched:
website - 16:00 Local
Currency Services: Branch Delivery/Collect: - Rating: : 2.1/5.0 Reviews:
AUD to NZD interbank exchange rate = 1.0545
If you have been offered/charged an exchange rate then enter it below to
check the true cost to the latest interbank mid-rate.
USD : United States Dollar AUD : Australian Dollar EUR : Euro GBP : Pound Sterling CNY : Chinese Yuan FJD : Fijian Dollar IDR : Indonesian Rupiah INR : Indian Rupee JPY : Japanese Yen MYR : Malaysian Ringgit NZD : New Zealand Dollar PHP : Philippine Peso SGD : Singapore Dollar THB : Thai Baht AED : United Arab Emirates AFN : Afghan Afghani ALL : Albanian Lek AMD : Armenian Dram ANG : Netherlands Antillea AOA : Angolan Kwanza ARS : Argentine Peso AUD : Australian Dollar AWG : Aruban Florin AZN : Azerbaijani Manat BAM : Bosnia-Herzegovina C BBD : Barbadian Dollar BDT : Bangladeshi Taka BGN : Bulgarian Lev BHD : Bahraini Dinar BIF : Burundian Franc BMD : Bermudan Dollar BND : Brunei Dollar BOB : Bolivian Boliviano BRL : Brazilian Real BSD : Bahamian Dollar BTC : Bitcoin BTN : Bhutanese Ngultrum BWP : Botswanan Pula BYR : Belarusian Ruble BZD : Belize Dollar CAD : Canadian Dollar CDF : Congolese Franc CHF : Swiss Franc CLP : Chilean Peso CNY : Chinese Yuan COP : Colombian Peso CUP : Cuban Peso CVE : Cape Verdean Escudo CZK : Czech Republic Korun DJF : Djiboutian Franc DKK : Danish Krone DOP : Dominican Peso DZD : Algerian Dinar EGP : Egyptian Pound ETB : Ethiopian Birr ETH : Etherium EUR : Euro FJD : Fijian Dollar FKP : Falkland Islands Pou GBP : British Pound Sterli GEL : Georgian Lari GHS : Ghanaian Cedi GIP : Gibraltar Pound GMD : Gambian Dalasi GNF : Guinean Franc GTQ : Guatemalan Quetzal GYD : Guyanaese Dollar HKD : Hong Kong Dollar HNL : Honduran Lempira HRK : Croatian Kuna HTG : Haitian Gourde HUF : Hungarian Forint IDR : Indonesian Rupiah ILS : Israeli New Sheqel INR : Indian Rupee IQD : Iraqi Dinar IRR : Iranian Rial ISK : Icelandic Krona JMD : Jamaican Dollar JOD : Jordanian Dinar JPY : Japanese Yen KES : Kenyan Shilling KGS : Kyrgystani Som KHR : Cambodian Riel KMF : Comorian Franc KPW : North Korean Won KRW : South Korean Won KWD : Kuwaiti Dinar KYD : Cayman Islands Dolla KZT : Kazakhstani Tenge LAK : Laotian Kip LBP : Lebanese Pound LKR : Sri Lankan Rupee LRD : Liberian Dollar LSL : Lesotho Loti LTL : Lithuanian Litas LVL : Latvian Lats LYD : Libyan Dinar MAD : Moroccan Dirham MDL : Moldovan Leu MGA : Malagasy Ariary MKD : Macedonian Denar MMK : Myanma Kyat MNT : Mongolian Tugrik MOP : Macanese Pataca MRO : Mauritanian Ouguiya MUR : Mauritian Rupee MVR : Maldivian Rufiyaa MWK : Malawian Kwacha MXN : Mexican Peso MYR : Malaysian Ringgit MZN : Mozambican Metical NAD : Namibian Dollar NGN : Nigerian Naira NOK : Norwegian Krone NPR : Nepalese Rupee NZD : New Zealand Dollar OMR : Omani Rial PAB : Panamanian Balboa PEN : Peruvian Nuevo Sol PGK : Papua New Guinean Ki PHP : Philippine Peso PKR : Pakistani Rupee PLN : Polish Zloty PYG : Paraguayan Guarani QAR : Qatari Rial RON : Romanian Leu RSD : Serbian Dinar RUB : Russian Ruble RWF : Rwandan Franc SAR : Saudi Riyal SBD : Solomon Islands Doll SCR : Seychellois Rupee SDG : Sudanese Pound SEK : Swedish Krona SGD : Singapore Dollar SHP : Saint Helena Pound SLL : Sierra Leonean Leone SOS : Somali Shilling SRD : Surinnse Dollar SYP : Syrian Pound SZL : Swazi Lilangeni THB : Thai Baht TJS : Tajikistani Somoni TMT : Turkmenistani Manat TND : Tunisian Dinar TOP : Tongan Paanga TRY : Turkish Lira TTD : Trinidad and Tobago TWD : New Taiwan Dollar TZS : Tanzanian Shilling UAH : Ukrainian Hryvnia UGX : Ugandan Shilling USD : United States Dollar UYU : Uruguayan Peso UZS : Uzbekistan Som VND : Vietnamese Dong VEF : Venezuelan bolívar VUV : Vanuatu Vatu WST : Samoan Tala XAF : Central African Fran XCD : East Caribbean Dolla XDR : Special Drawing Righ XOF : West African Franc XPF : CFP Franc XRP : Ripple YER : Yemeni Rial ZAR : South African Rand ZMW : Zambian Kwacha ZWL : Zimbabwean Dollar BTC : Bitcoin ETH : Ethereum XRP : Ripple
USD : United States Dollar AUD : Australian Dollar EUR : Euro GBP : Pound Sterling CNY : Chinese Yuan FJD : Fijian Dollar IDR : Indonesian Rupiah INR : Indian Rupee JPY : Japanese Yen MYR : Malaysian Ringgit NZD : New Zealand Dollar PHP : Philippine Peso SGD : Singapore Dollar THB : Thai Baht AED : United Arab Emirates AFN : Afghan Afghani ALL : Albanian Lek AMD : Armenian Dram ANG : Netherlands Antillea AOA : Angolan Kwanza ARS : Argentine Peso AUD : Australian Dollar AWG : Aruban Florin AZN : Azerbaijani Manat BAM : Bosnia-Herzegovina C BBD : Barbadian Dollar BDT : Bangladeshi Taka BGN : Bulgarian Lev BHD : Bahraini Dinar BIF : Burundian Franc BMD : Bermudan Dollar BND : Brunei Dollar BOB : Bolivian Boliviano BRL : Brazilian Real BSD : Bahamian Dollar BTC : Bitcoin BTN : Bhutanese Ngultrum BWP : Botswanan Pula BYR : Belarusian Ruble BZD : Belize Dollar CAD : Canadian Dollar CDF : Congolese Franc CHF : Swiss Franc CLP : Chilean Peso CNY : Chinese Yuan COP : Colombian Peso CUP : Cuban Peso CVE : Cape Verdean Escudo CZK : Czech Republic Korun DJF : Djiboutian Franc DKK : Danish Krone DOP : Dominican Peso DZD : Algerian Dinar EGP : Egyptian Pound ETB : Ethiopian Birr ETH : Etherium EUR : Euro FJD : Fijian Dollar FKP : Falkland Islands Pou GBP : British Pound Sterli GEL : Georgian Lari GHS : Ghanaian Cedi GIP : Gibraltar Pound GMD : Gambian Dalasi GNF : Guinean Franc GTQ : Guatemalan Quetzal GYD : Guyanaese Dollar HKD : Hong Kong Dollar HNL : Honduran Lempira HRK : Croatian Kuna HTG : Haitian Gourde HUF : Hungarian Forint IDR : Indonesian Rupiah ILS : Israeli New Sheqel INR : Indian Rupee IQD : Iraqi Dinar IRR : Iranian Rial ISK : Icelandic Krona JMD : Jamaican Dollar JOD : Jordanian Dinar JPY : Japanese Yen KES : Kenyan Shilling KGS : Kyrgystani Som KHR : Cambodian Riel KMF : Comorian Franc KPW : North Korean Won KRW : South Korean Won KWD : Kuwaiti Dinar KYD : Cayman Islands Dolla KZT : Kazakhstani Tenge LAK : Laotian Kip LBP : Lebanese Pound LKR : Sri Lankan Rupee LRD : Liberian Dollar LSL : Lesotho Loti LTL : Lithuanian Litas LVL : Latvian Lats LYD : Libyan Dinar MAD : Moroccan Dirham MDL : Moldovan Leu MGA : Malagasy Ariary MKD : Macedonian Denar MMK : Myanma Kyat MNT : Mongolian Tugrik MOP : Macanese Pataca MRO : Mauritanian Ouguiya MUR : Mauritian Rupee MVR : Maldivian Rufiyaa MWK : Malawian Kwacha MXN : Mexican Peso MYR : Malaysian Ringgit MZN : Mozambican Metical NAD : Namibian Dollar NGN : Nigerian Naira NOK : Norwegian Krone NPR : Nepalese Rupee NZD : New Zealand Dollar OMR : Omani Rial PAB : Panamanian Balboa PEN : Peruvian Nuevo Sol PGK : Papua New Guinean Ki PHP : Philippine Peso PKR : Pakistani Rupee PLN : Polish Zloty PYG : Paraguayan Guarani QAR : Qatari Rial RON : Romanian Leu RSD : Serbian Dinar RUB : Russian Ruble RWF : Rwandan Franc SAR : Saudi Riyal SBD : Solomon Islands Doll SCR : Seychellois Rupee SDG : Sudanese Pound SEK : Swedish Krona SGD : Singapore Dollar SHP : Saint Helena Pound SLL : Sierra Leonean Leone SOS : Somali Shilling SRD : Surinnse Dollar SYP : Syrian Pound SZL : Swazi Lilangeni THB : Thai Baht TJS : Tajikistani Somoni TMT : Turkmenistani Manat TND : Tunisian Dinar TOP : Tongan Paanga TRY : Turkish Lira TTD : Trinidad and Tobago TWD : New Taiwan Dollar TZS : Tanzanian Shilling UAH : Ukrainian Hryvnia UGX : Ugandan Shilling USD : United States Dollar UYU : Uruguayan Peso UZS : Uzbekistan Som VND : Vietnamese Dong VEF : Venezuelan bolívar VUV : Vanuatu Vatu WST : Samoan Tala XAF : Central African Fran XCD : East Caribbean Dolla XDR : Special Drawing Righ XOF : West African Franc XPF : CFP Franc XRP : Ripple YER : Yemeni Rial ZAR : South African Rand ZMW : Zambian Kwacha ZWL : Zimbabwean Dollar BTC : Bitcoin ETH : Ethereum XRP : Ripple
AUD and NZD in the Markets
When determining the best time to make a foreign exchange transaction, in this case the AUD vs NZD, you should pay attention to the recent market trends for both currencies.
Australian Dollar (AUD) In early August the Australian dollar sunk to a 10 year low of 67¢ (Aug-7) to the US dollar. This was due to the offshore yuan breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".
Investors have sold AUD in recent months as they’ve bet on aggressive interest-rate cuts by the Reserve Bank of Australia. These bets paid off: the RBA cut its cash rate in both June and July to a record low of 1 percent.
Lower borrowing costs are necessary, investors believe, in light of persistently soft domestic data and the fallout from a US-China trade standoff that shows no sign of nearing an end.
AUD will continue to track changes in interest-rate expectations. Economists expect at least one further cut this year and many expect two by early 2020. After July's cut, the RBA hinted it would leave rates unchanged for several months.
Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.
Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.
Read more in the article AUD Forecasts .
New Zealand Dollar (NZD) The New Zealand dollar weakened in June to a 7-month low against the euro, at rates below €0.58.
At US$0.65, the kiwi remained weak against the greenback, 6 percent lower than rates in March.
Against the Australian dollar, NZD has been steady in recent months, having spent much of its time between A$0.94 and A$0.95.
Robbing New Zealand's currency of gains in 2019 have been lower NZ interest rates, reduced risk appetite spurred on by an escalation in the US-China trade standoff, and high correlations with other weak currencies, including the Australian dollar and yuan.
Read more in the article NZD Forecasts .
Why can't I just get the AUD/NZD market rate I see online or in the media?
The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between
the last rate at which the AUD / NZD was traded (bought or sold) in the international markets.
All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).
Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.
Getting a good market rate is mainly about timing however the transaction margin
you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for
travel money and possibly over 5% to 6% when sending money .
The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators
make shopping around easy and help you calculate how much you can save.
