ING Bank AUD to NZD Exchange Rates & Currency Deals
AUD-NZD Rate Calculator
Understanding the Table:
The comparison table above helps you see the total cost of your ING 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’.
AUD to NZD Market Data
Australian dollar (AUD) to New Zealand dollar (NZD) market data - latest interbank exchange rate, trend, chart & historic rates.
AUD to NZD is at 30-day highs near 1.1526, just 0.8% above its 3-month average of 1.1439, having traded in a very stable 2.5% range from 1.1300 to 1.1579
Is the AUD to NZD Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Australian dollar against the New Zealand dollar is to review how the AUD/NZD rate has changed over time.
The table below shows the percentage change in the AUD to NZD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Recent analyses indicate a bearish sentiment towards the US dollar (USD), primarily influenced by expectations of aggressive monetary easing by the Federal Reserve.
Current market bias: Range-bound.
Key drivers:
- The interest rate differential is shifting as the Reserve Bank of Australia (RBA) is likely to raise rates, while the Reserve Bank of New Zealand (RBNZ) may cut rates.
- Australia’s recovering commodity prices support the AUD.
- New Zealand's GDP growth is positive but less robust than anticipated.
Near-term range: Trading is expected to fluctuate around current levels, maintaining stability.
What could change it: An upside risk is if the RBA's rate hike boosts the AUD further. A downside risk is if the RBNZ cuts rates more aggressively than expected, weakening the NZD against the AUD.
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The AUD/NZD exchange rate is range-bound, with the AUD likely to strengthen as the RBA is expected to raise rates while the RBNZ may cut. Commodity price recovery supports the AUD, but NZD growth is weaker than expected. Key moves ahead depend on rate decisions
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AUD to NZD Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Australian dollar are worth in New Zealand dollar across a range of amounts.
This gives a quick view of what you’d get when converting different AUD amounts at today’s rate * :
What is the
ING Bank Send Money conversion rate for AUD to NZD?
The ING Bank AUD to NZD exchange rate is 1.0853. This is -6% compared to the latest AUD-NZD mid-market rate 1.1542.
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 New Zealand dollar (NZD) rates from different sources before making a conversion.
The above
ING Bank - Aussie to Kiwi 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-NZD mid-rate and the possible savings of using various providers.
How do ING Bank AUD-NZD rates compare between providers?
Looking at the full
AUD to NZD - Send Money comparison table the provider with the best AUD to NZD exchange rate is OFX at 1.1484, -0.5% from the latest mid-market rate 1.1542.
The next best is Wise at 1.1484, -0.5% from the mid-rate.
Then XE at 1.1472, which is -0.61% from the mid-rate.
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.