ASB Bank NZD to EUR Transfers Compared

   

EUR/NZD is currently at 1.9980, 3.1% above its 3-month avg of 1.9385, fueled by Eurozone manufacturing growth but faced with geopolitical tensions over Ukraine. The NZD is pressured by a drop to 3.00% in interest rates from the RBNZ, with more cuts likely. Traders should monitor these factors closely

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What is the ASB Bank Send Money conversion rate for NZD to EUR?

The ASB Bank NZD to EUR exchange rate is 0.4823. This is -3.7% compared to the latest NZD-EUR mid-market rate 0.5006.

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 Euro (EUR) rates from different sources before making a conversion.

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

How do ASB Bank NZD-EUR rates compare between providers?

The next best is XE at 0.4976, -0.6% from the mid-rate.

Then Wise at 0.4971, which is -0.7% from the mid-rate.

Among the banks the ANZ Bank rate is 0.5614 at 12.1% the BNZ Bank rate is 0.4763 at -4.9% and the TSB Bank rate is 0.4733 at -5.5% compared to the mid-rate 0.5006.

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