What is the
Citibank Send Money conversion rate for AUD to CHF?
The Citibank AUD to CHF exchange rate is 0.5008. This is -6.4% compared to the latest AUD-CHF mid-market rate 0.5353.
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 Swiss franc (CHF) rates from different sources before making a conversion.
The above
Citibank - Aussie to Franc comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Citibank and other foreign exchange providers against the latest AUD-CHF mid-rate and the possible savings of using various providers.
How do Citibank AUD-CHF rates compare between providers?
Looking at the
full comparison table
the best AUD to CHF exchange rate is 0.5326 from OFX, -0.5% from the mid-market rate 0.5353. The next best rate is 0.5321 from XE, -0.6% from the mid-rate. Then Wise with 0.5318 is -0.65% from the mid-rate.
The Western Union rate is 0.5299 which is -1% from the mid-rate.
Among the banks the Commonwealth Bank rate is 0.5100 at -4.7% the ANZ Bank rate is 0.5150 at -3.8% and the ING Bank rate is 0.5147 at -3.8% compared to the mid-rate 0.5353.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Citibank 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.
Compare AUD to CHF Transfer Rates