Compare Commonwealth Bank Exchange Rates & Fees - Save Time & Money
Our Commonwealth Bank AUD 10000 to KRW rate is 987.38. This is -4.6% below the mid-rate.
CommBank Australia at a glance
Commonwealth Bank of Australia offers international transfers through the CommBank app, NetBank and Australian branches. Customers can send to more than 200 countries in over 30 currencies.
CommBank waives the transfer fee when an eligible digital payment is debited from an AUD account and converted into foreign currency. The bank's advertised Retail Exchange Rate includes a margin, so compare the expected recipient amount as well as the visible fee.
CommBank is an Australian retail bank. Its international offices do not form an overseas personal-banking branch network.
The average AUD rate margin offered by Commonwealth Bank is 4.4%.
This average is based on individual AUD 10K transfer rates in the currency pairs from Commonwealth Bank that we monitor.
Commonwealth Bank - Best and Worst Value Rates
The tables below show the best and worst exchange rate margins offered by Commonwealth Bank for Australian dollar (AUD 10K)
transactions. Margins show the percentage difference from the mid-market rate.
Commonwealth Bank Best Value Rates (Lowest Margins)
CommBank waives the transfer fee for eligible digital international transfers when AUD is converted to a foreign currency. A digital AUD-to-AUD international transfer costs A$30, while a branch or manual payment instruction also costs A$30.
CommBank says its advertised Retail Exchange Rate includes a margin. A fee-waived transfer can therefore still have a meaningful conversion cost, particularly for a larger amount.
For eligible cross-currency payments, CommBank absorbs correspondent-bank fees. The recipient's bank may still deduct its own charge.
How long does a CommBank international transfer take?
CommBank says an international transfer usually takes one to three business days to process and generally takes around three business days to reach the recipient. Destination, currency, cut-off times and the recipient bank can extend delivery.
Can a CommBank payment be tracked?
Digital international transfers can be tracked using the payment's Unique End-to-End Transaction Reference. A formal investigation costs A$25, so check the available tracker first.
Is a fee-waived CommBank transfer free?
No. The transfer fee may be waived, but CommBank's Retail Exchange Rate includes a margin and a recipient bank may charge.
What is the
Commonwealth Bank Send Money conversion rate for AUD to KRW?
The Commonwealth Bank AUD to KRW exchange rate is 987.38. This is -4.6% compared to the latest AUD-KRW mid-market rate 1,034.6.
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 South Korean won (KRW) rates from different sources before making a conversion.
The above
Commonwealth Bank - Aussie to South Korean won comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Commonwealth Bank and other foreign exchange providers against the latest AUD-KRW mid-rate and the possible savings of using various providers.
How do Commonwealth Bank AUD-KRW rates compare between providers?
Looking at the full
AUD to KRW - Send Money comparison table the provider with the best AUD to KRW exchange rate is XE at 1028.38, -0.6% from the latest mid-market rate 1,034.6.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Commonwealth 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.
View a full list of exchange rates by selecting your Base (from) currency:
