AUD is currently trading at 38.54 PHP, 1.8% above its 3-month avg. of 37.86 PHP. The Aussie dollar strengthens thanks to a decline in unemployment and positive RBA sentiment, while the PHP struggles with a high trade deficit and inflation concerns. Analysts remain cautiously optimistic on AUD's trajectory

@bestfxrates   

   

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

The Bank of Melbourne AUD to PHP exchange rate is 37.72. This is -2.2% compared to the latest AUD-PHP mid-market rate 38.57.

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 Philippine peso (PHP) rates from different sources before making a conversion.

The above Bank of Melbourne - Aussie to Peso 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-PHP mid-rate and the possible savings of using various providers. 

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

Looking at the full AUD to PHP - Send Money comparison table the provider with the best AUD to PHP exchange rate is OFX at 38.37, -0.52% from the latest mid-market rate 38.57.

The next best is XE at 38.33, -0.62% from the mid-rate.

Then Wise at 38.33, which is -0.62% from the mid-rate.

The Western Union rate is 38.18 which is -1% from the mid-rate.

Among the banks the Commonwealth Bank rate is 36.12 at -6.4% the ANZ Bank rate is 37.04 at -4% and the ING Bank rate is 35.5 at -8% compared to the mid-rate 38.57.

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.