What is the
Westpac Send Money conversion rate for AUD to ZAR?
The Westpac AUD to ZAR exchange rate is 11.03. This is -4.7% compared to the latest AUD-ZAR mid-market rate 11.58.
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 South African rand (ZAR) rates from different sources before making a conversion.
The above
Westpac - Aussie to Rand comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Westpac and other foreign exchange providers against the latest AUD-ZAR mid-rate and the possible savings of using various providers.
How do Westpac AUD-ZAR rates compare between providers?
Looking at the full
AUD to ZAR - Send Money comparison table the provider with the best AUD to ZAR exchange rate is OFX at 11.52, -0.52% from the latest mid-market rate 11.58.
The next best is XE at 11.51, -0.6% from the mid-rate.
Then Wise at 11.51, which is -0.6% from the mid-rate.
The Western Union rate is 11.47 which is -0.95% from the mid-rate.
Among the banks the Commonwealth Bank rate is 11.05 at -4.6% the ANZ Bank rate is 11.1039 at -4.1% and the ING Bank rate is 11.13 at -3.9% compared to the mid-rate 11.58.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Westpac 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.