ING Bank AUD to NZD Transfers Compared

   

Analysts indicate a favorable outlook for AUD/NZD, with the AUD trading at 90-day highs near 1.1350, well above the 3-month average of 1.1018. The NZD faces pressure from domestic concerns and a dovish RBNZ stance, while AUD benefits from strong commodity demand. Focus on macro data for insights on future movements

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

The ING Bank AUD to NZD exchange rate is 1.0875. This is -4.1% compared to the latest AUD-NZD mid-market rate 1.1335.

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?

The next best is XE at 1.1267, -0.6% from the mid-rate.

Then Wise at 1.1261, which is -0.65% from the mid-rate.

The Western Union rate is 1.1221 which is -1% from the mid-rate.

Among the banks the Commonwealth Bank rate is 1.0893 at -3.9% the ANZ Bank rate is 1.1000 at -3% and the ING Bank rate is 1.0875 at -4.1% compared to the mid-rate 1.1335.

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.