ING Bank AUD to JPY Transfers Compared

   

AUD/JPY at 96.83 shows 1.4% gain over the 3-month avg but faces pressure amid risk aversion. Analysts warn that RBA rate cuts and weak commodity prices may hinder the AUD, while the JPY benefits from its safe haven appeal. Monitor global indicators closely

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

The ING Bank AUD to JPY exchange rate is 93.1. This is -3.8% compared to the latest AUD-JPY mid-market rate 96.73.

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 ING Bank - Aussie to Yen 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-JPY mid-rate and the possible savings of using various providers. 

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

The next best is XE at 96.15, -0.6% from the mid-rate.

Then Wise at 96.1, which is -0.65% from the mid-rate.

The Western Union rate is 95.76 which is -1% from the mid-rate.

Among the banks the Commonwealth Bank rate is 91.73 at -5.2% the ANZ Bank rate is 93.5000 at -3.3% and the ING Bank rate is 93.1 at -3.8% compared to the mid-rate 96.73.

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.