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 Japanese yen (JPY) rates from different sources before making a conversion.
The above
ANZ Bank - Aussie to Yen 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-JPY mid-rate and the possible savings of using various providers.
How do ANZ Bank AUD-JPY rates compare between providers?
Looking at the full
AUD to JPY - Send Money comparison table the provider with the best AUD to JPY exchange rate is OFX at 109.87, -0.5% from the latest mid-market rate 110.42.
The next best is XE at 109.76, -0.6% from the mid-rate.
Then Wise at 109.66, which is -0.69% from the mid-rate.
The Western Union rate is 108.76 which is -1.5% from the mid-rate.
Among the banks the Commonwealth Bank rate is 104.78 at -5.1% the ANZ Bank rate is 107.23 at -2.9% and the ING Bank rate is 93.6 at -15.2% compared to the mid-rate 110.42.
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.
