USD to NZD update: As of Nov 8, analysts note USD weakness due to Fed rate concerns & market sentiment. NZD faces pressure from 3% inflation prompting a 50 bps RBNZ rate cut. Current exchange rate at 1.7765, reflecting a stable range but challenging times ahead for transfers

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What is the TSB Bank Send Money conversion rate for NZD to USD?

The TSB Bank NZD to USD exchange rate is 0.5402. This is -4% compared to the latest NZD-USD mid-market rate 0.5629.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare New Zealand dollar (NZD) to US dollar (USD) rates from different sources before making a conversion.

The above TSB Bank - Kiwi to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by TSB Bank and other foreign exchange providers against the latest NZD-USD mid-rate and the possible savings of using various providers. 

How do TSB Bank NZD-USD rates compare between providers?

Looking at the full NZD to USD - Send Money comparison table the provider with the best NZD to USD exchange rate is OFX at 0.5601, -0.5% from the latest mid-market rate 0.5629.

The next best is Wise at 0.5598, -0.55% from the mid-rate.

Then XE at 0.5595, which is -0.6% from the mid-rate.

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