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Understanding the Table:
The comparison table above helps you see the total cost of your ANZ Bank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your details and click ‘Get Rates’.
Like all the leading banks, ANZ offers a wide range of currency related products and services to its customers. If you are a customer of ANZ and use internet banking to transfer money overseas then you will be interested to learn how St George Bank exchange rates compare to other providers.
* You must be a customer of ANZ Bank to use their exchange currency services.
ANZ Travel Money - Note as of October 2021 ANZ Bank no longer buys and sells foreign currency in Australia.
The main points:
Sending money to Australia can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Australia bank accounts or pay a Australian dollar invoice.
The ANZ Bank USD to AUD exchange rate is 1.4298. This is -7.2% compared to the latest USD-AUD mid-market rate 1.5404.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Australian dollar (AUD) rates from different sources before making a conversion.
The above ANZ Bank - Dollar to Aussie 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 USD-AUD mid-rate and the possible savings of using various providers.
Looking at the full comparison table the best USD to AUD exchange rate is 1.5327 from OFX, -0.5% from the mid-market rate 1.5404. The next best rate is 1.5312 from XE, -0.6% from the mid-rate. Then Wise with 1.5304 is -0.65% from the mid-rate.
The Western Union rate is 1.525 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 1.4298 at -7.2% the Wells Fargo Bank rate is 1.4205 at -7.8% and the Citibank rate is 1.4914 at -3.2% compared to the mid-rate 1.5404.
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.
View a full list of exchange rates by selecting your Base (from) currency: