ANZ Bank - AUD Rate Margin Analysis
The average AUD rate margin offered by ANZ Bank is 3.4%.
This average is based on individual AUD 10K transfer rates in the currency pairs from ANZ Bank that we monitor.
ANZ Bank - Best and Worst Value Rates
The tables below show the best and worst exchange rate margins offered by ANZ Bank for Australian dollar (AUD 10K) transactions. Margins show the percentage difference from the mid-market rate.
What is the ANZ Bank Send Money conversion rate for AUD to USD?
The ANZ Bank AUD to USD exchange rate is 0.6854. This is -1.9% compared to the latest AUD-USD mid-market rate 0.6989.
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 US dollar (USD) rates from different sources before making a conversion.
The above ANZ Bank - Aussie to Dollar 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 AUD-USD mid-rate and the possible savings of using various providers.
How do ANZ Bank AUD-USD rates compare between providers?
Looking at the full AUD to USD - Send Money comparison table the provider with the best AUD to USD exchange rate is OFX at 0.6954, -0.5% from the latest mid-market rate 0.6989.
The next best is XE at 0.6947, -0.6% from the mid-rate.
Then Wise at 0.6943, which is -0.66% from the mid-rate.
The Western Union rate is 0.6884 which is -1.5% from the mid-rate.
Among the banks the Commonwealth Bank rate is 0.6799 at -2.7% the ANZ Bank rate is 0.6854 at -1.9% and the ING Bank rate is 0.6229 at -10.9% compared to the mid-rate 0.6989.
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.
