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 Indonesian rupiah (IDR) rates from different sources before making a conversion.
The above
ANZ Bank - Aussie to Rupiah comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
ANZ Bank and other foreign exchange providers against the latest AUD-IDR mid-rate and the possible savings of using various providers.
How do ANZ Bank AUD-IDR rates compare between providers?
Looking at the full
AUD to IDR - Send Money comparison table the provider with the best AUD to IDR exchange rate is XE at 12502.9, -0.6% from the latest mid-market rate 12,578.
The next best is Wise at 12500.76, -0.61% from the mid-rate.
Then Western Union at 12389.69, which is -1.5% from the mid-rate.
Among the banks the Commonwealth Bank rate is 11966.68 at -4.9% the ANZ Bank rate is 11982.78 at -4.7% and the ING Bank rate is 11919.47 at -5.2% compared to the mid-rate 12,578.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like ANZ 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.