Bank of Melbourne AUD to JPY Exchange Rates & Currency Deals

   

AUD is under pressure with weak trade figures and a declining trade surplus, potentially influencing PMIs and private sector growth. Meanwhile, JPY is seeing volatility from BOJ's shift towards potential rate hikes, countered by political uncertainty. Analysts expect continued fluctuation in AUD/JPY, currently around 98.63

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What is the Bank of Melbourne Send Money conversion rate for AUD to JPY?

The Bank of Melbourne AUD to JPY exchange rate is 97.02. This is -2.2% compared to the latest AUD-JPY mid-market rate 99.20.

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

How do Bank of Melbourne AUD-JPY rates compare between providers?

The next best is XE at 98.6, -0.6% from the mid-rate.

Then Wise at 98.55, which is -0.66% from the mid-rate.

The Western Union rate is 98.2 which is -1% from the mid-rate.

Among the banks the Commonwealth Bank rate is 93.81 at -5.4% the ANZ Bank rate is 94.9600 at -4.3% and the ING Bank rate is 95.51 at -3.7% compared to the mid-rate 99.20.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Bank of Melbourne 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 JPY Transfer Rates