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Understanding the Table:
The comparison table above helps you see the total cost of your Commonwealth Bank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
CBA, or Commonwealth Bank of Australia, is one of the largest and most well-known banks in Australia, offering a wide range of financial products and services to individuals, businesses, and institutions. The bank provides a range of personal banking services, including savings and transaction accounts, credit cards, personal loans, and mortgages. The bank also offers investment and retirement planning services, insurance, and wealth management services.
CBA Exchange Rates – Are you getting a good deal?
If you are a CBA customer and looking to send money overseas through an International Money Transfer (IMT) or get some travel money, you might be curious as to how the exchange rates you receive from CBA compare to other FX specialist providers.
With BER, you can easily view the exchange rate margins or markups provided by CBA for a range of different currencies. The exchange rate margin is the difference between the rate at which CBA buys and sells a particular currency. For example, at the time of writing, CBA exchange rate margins range from 4% to 8% for the different currencies.
Commonwealth Bank does allow you to request a real-time FX rate request, prior to scheduling an international wire. So you can check the rate and compare to the best rates from our BER partner brokers to check for a better deal.
The table below shows Commonwealth Bank Australian dollar (AUD) Send Money exchange rates with the percentage of margin being charged from the current market mid-rate :
| Currency route | Mid market rate | Commonwealth Bank Send Money Rate | Cost% |
|---|---|---|---|
| AUD - AED | 2.3794 | 2.2752 | -4.4% |
| AUD - CAD | 0.8813 | 0.8449 | -4.1% |
| AUD - CHF | 0.5265 | 0.5028 | -4.5% |
| AUD - CZK | 13.94 | 13.31 | -4.5% |
| AUD - DKK | 4.1897 | 4.0027 | -4.5% |
| AUD - EUR | 0.5617 | 0.5420 | -3.5% |
| AUD - FJD | 1.4566 | 1.4159 | -2.8% |
| AUD - GBP | 0.4783 | 0.4617 | -3.5% |
| AUD - HKD | 5.0858 | 4.8833 | -4% |
| AUD - HUF | 226.16 | 216.04 | -4.5% |
| AUD - IDR | 10,568 | 9922.90 | - |
| AUD - ILS | 2.3368 | 2.2253 | -4.8% |
| AUD - INR | 55.82 | 52.93 | -5.2% |
| AUD - JPY | 93.51 | 88.92 | -4.9% |
| AUD - KRW | 882.91 | 846.65 | -4.1% |
| AUD - KWD | 0.1978 | 0.1871 | -5.4% |
| AUD - LKR | 193.50 | 181.52 | -6.2% |
| AUD - MUR | 29.49 | 28.10 | -4.7% |
| AUD - NOK | 6.4239 | 6.1383 | -4.4% |
| AUD - NZD | 1.0775 | 1.0387 | -3.6% |
| AUD - OMR | 0.2493 | 0.2386 | -4.3% |
| AUD - PGK | 2.6996 | 2.5205 | -6.6% |
| AUD - PHP | 36.59 | 33.95 | -7.2% |
| AUD - PLN | 2.3980 | 2.2904 | -4.5% |
| AUD - SAR | 2.4321 | 2.3246 | -4.4% |
| AUD - SBD | 5.4082 | 5.1200 | -5.3% |
| AUD - SEK | 6.1670 | 5.8879 | -4.5% |
| AUD - SGD | 0.8310 | 0.7979 | -4% |
| AUD - THB | 21.04 | 20.12 | -4.4% |
| AUD - TRY | 25.56 | 24.15 | -5.5% |
| AUD - USD | 0.6479 | 0.6267 | -3.3% |
| AUD - VND | 16,905 | 15828.93 | - |
| AUD - VUV | 76.92 | 73.19 | -4.8% |
| AUD - XPF | 67.03 | 63.39 | -5.4% |
| AUD - ZAR | 11.63 | 11.12 | -4.4% |
Overall these are the main points to consider when comparing CBA exchange rates:
The Commonwealth Bank AUD to ZAR exchange rate is 11.12. This is -4.4% compared to the latest AUD-ZAR mid-market rate 11.63.
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 African rand (ZAR) rates from different sources before making a conversion.
The above Commonwealth Bank - Aussie to Rand 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-ZAR mid-rate and the possible savings of using various providers.
Looking at the full AUD to ZAR - Send Money comparison table the provider with the best AUD to ZAR exchange rate is OFX at 11.57, -0.52% from the latest mid-market rate 11.63.
The next best is XE at 11.56, -0.6% from the mid-rate.
Then Wise at 11.56, which is -0.6% from the mid-rate.
The Western Union rate is 11.52 which is -0.95% from the mid-rate.
Among the banks the Commonwealth Bank rate is 11.12 at -4.4% the ANZ Bank rate is 11.1437 at -4.2% and the ING Bank rate is 11.18 at -3.9% compared to the mid-rate 11.63.
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.
The Australian dollar (AUD) has experienced recent volatility influenced by both domestic and international factors.
Recent forecasts and market updates have indicated a dynamic environment for the AUD to USD exchange rate, influenced by both domestic and global factors.
Recent forecasts for the USD to ZAR exchange rate reflect a tumultuous period for the U.S.
View a full list of exchange rates by selecting your Base (from) currency: