AUD to NZD Transfers Compared

   

AUD/NZD update: As of 10 Oct, the AUD trades near 1.1413, up 2.8% from its 3-month avg of 1.1094. Analysts highlight that RBA's steady rates vs NZD’s recent cuts signal potential AUD strength ahead. Keep an eye on commodity prices and global trade for further moves

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

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 New Zealand dollar (NZD) rates from different sources before making a conversion.

The above Aussie to Kiwi 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-NZD mid-rate and the possible savings of using various providers. 

How do AUD-NZD rates compare between providers?

The next best is XE at 1.1266, -0.6% from the mid-rate.

Then Wise at 1.1261, which is -0.64% from the mid-rate.

The Western Union rate is 1.1221 which is -1% from the mid-rate.

Among the banks the Commonwealth Bank rate is 1.0969 at -3.2% the ANZ Bank rate is 1.1050 at -2.5% and the ING Bank rate is 1.0976 at -3.2% compared to the mid-rate 1.1334.

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.