What is the
ANZ Bank Send Money conversion rate for NZD to ZAR?
The ANZ Bank NZD to ZAR exchange rate is 11.7571. This is 8.8% compared to the latest NZD-ZAR mid-market rate 10.81.
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 South African rand (ZAR) rates from different sources before making a conversion.
The above
ANZ Bank - Kiwi to Rand 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 NZD-ZAR mid-rate and the possible savings of using various providers.
How do ANZ Bank NZD-ZAR rates compare between providers?
Looking at the full
NZD to ZAR - Send Money comparison table the provider with the best NZD to ZAR exchange rate is OFX at 10.76, -0.46% from the latest mid-market rate 10.81.
The next best is XE at 10.74, -0.65% from the mid-rate.
Then Wise at 10.73, which is -0.74% from the mid-rate.
Among the banks the ANZ Bank rate is 11.7571 at 8.8% the BNZ Bank rate is 10.23 at -5.4% and the TSB Bank rate is 10.17 at -5.9% compared to the mid-rate 10.81.
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.