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Understanding the Table:
The comparison table above helps you see the total cost of your Citibank 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 transaction type, details and click ‘GET RATES’.
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.
The Citibank AUD to NZD exchange rate is 1.0268. This is -6.3% compared to the latest AUD-NZD mid-market rate 1.0957.
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 New Zealand dollar (NZD) rates from different sources before making a conversion.
The above Citibank - Aussie to Kiwi comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Citibank and other foreign exchange providers against the latest AUD-NZD mid-rate and the possible savings of using various providers.
Looking at the full AUD to NZD - Send Money comparison table the provider with the best AUD to NZD exchange rate is OFX at 1.0902, -0.5% from the latest mid-market rate 1.0957.
The next best is XE at 1.0891, -0.6% from the mid-rate.
Then Wise at 1.0886, which is -0.65% from the mid-rate.
The Western Union rate is 1.0848 which is -0.99% from the mid-rate.
Among the banks the Commonwealth Bank rate is 1.0533 at -3.9% the ANZ Bank rate is 1.0631 at -3% and the ING Bank rate is 1.0553 at -3.7% compared to the mid-rate 1.0957.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Citibank 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:
