AUD to JPY Transfers Compared

   

AUD/JPY faces pressure as risk aversion rises, currently at 96.88. Despite a recent RBA rate cut and sluggish 0.3% GDP growth, analysts see potential support from expected economic recovery in Australia. JPY remains strong amid BOJ's ongoing rate hikes and global uncertainties

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What is the best Send Money conversion rate for AUD to JPY?

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 Aussie to Yen comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest AUD-JPY mid-rate and the possible savings of using various providers. 

How do AUD-JPY rates compare between providers?

The next best is XE at 96.35, -0.6% from the mid-rate.

Then Wise at 96.3, which is -0.65% from the mid-rate.

The Western Union rate is 95.96 which is -1% from the mid-rate.

Among the banks the Commonwealth Bank rate is 91.62 at -5.5% the ANZ Bank rate is 93.4100 at -3.6% and the ING Bank rate is 93.27 at -3.8% compared to the mid-rate 96.93.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers 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.