ING Bank AUD to AED Transfers Compared

   

AUD has faced pressure, trading at 2.3959 AED as market sentiment worsens despite widening trade surplus. Concerns over weak growth and recent RBA rate cuts to 3.85% add to vulnerability. Experts warn ongoing global risks may hinder AUD, while AED benefits from UAE growth

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What is the ING Bank Send Money conversion rate for AUD to AED?

The ING Bank AUD to AED exchange rate is 2.3105. This is -4% compared to the latest AUD-AED mid-market rate 2.4077.

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 United Arab Emirates dirham (AED) rates from different sources before making a conversion.

The above ING Bank - Aussie to United Arab Emirates dirham comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by ING Bank and other foreign exchange providers against the latest AUD-AED mid-rate and the possible savings of using various providers. 

How do ING Bank AUD-AED rates compare between providers?

The next best is XE at 2.3932, -0.6% from the mid-rate.

Then Wise at 2.392, which is -0.65% from the mid-rate.

The Western Union rate is 2.3836 which is -1% from the mid-rate.

Among the banks the Commonwealth Bank rate is 2.2987 at -4.5% the ANZ Bank rate is 2.3117 at -4% and the ING Bank rate is 2.3105 at -4% compared to the mid-rate 2.4077.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like ING 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.