Comparing CBA exchange rates
Overall these are the main points to consider when comparing CBA exchange rates:
- CBA provides extensive foreign exchange services, FX Specialists provide more additional services and generally speaking a higher level of expertise;
- CBA products are available both in-branch and online via their online banking platform NetBank. FX Specialists for foreign transfers are on-line but you can speak to them on the phone, and in some cases you will have an account manager;
- Commonwealth Bank exchange rates for foreign transfers are generally poor compared to using an FX specialist.
- Commonwealth Bank exchange rates for travel money are comparable to those of the other Australian banks but you will, more likely than not, get less for your dollar than if you ordered your foreign currency and travel money online through providers such as Travelex.
- Average to poor exchange rates need to be weighed up against convenience of using a familiar internet banking platform.
What is the
best Send Money conversion rate for DKK to SEK?
The best DKK to SEK exchange rate is 1.4652 from OFX . This is -0.5% compared to the mid-market rate 1.4725.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Danish krone (DKK) to Swedish krona (SEK) rates from different sources before making a conversion.
The above
Commonwealth Bank - Krone to Krona 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 DKK-SEK mid-rate and the possible savings of using various providers.
How do Commonwealth Bank DKK-SEK rates compare between providers?
Looking at the full
DKK to SEK - Send Money comparison table the provider with the best DKK to SEK exchange rate is OFX at 1.4652, -0.5% from the latest mid-market rate 1.4725.
The next best is XE at 1.4637, -0.6% from the mid-rate.
Then Wise at 1.4637, which is -0.6% from the mid-rate.
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.