ING Bank AUD to PHP Transfers Compared

   

Recent market updates show the AUD is under pressure against PHP, currently at 37.25. Analysts note the RBA's rate cut and risk aversion is weakening the AUD, while the PHP strengthens from improved economic conditions. Traders should remain alert to this evolving dynamic

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

The ING Bank AUD to PHP exchange rate is 34.96. This is -5.9% compared to the latest AUD-PHP mid-market rate 37.17.

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 Philippine peso (PHP) rates from different sources before making a conversion.

The above ING Bank - Aussie to Peso 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-PHP mid-rate and the possible savings of using various providers. 

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

The next best is XE at 36.94, -0.62% from the mid-rate.

Then Wise at 36.93, which is -0.65% from the mid-rate.

The Western Union rate is 36.8 which is -1% from the mid-rate.

Among the banks the Commonwealth Bank rate is 34.96 at -5.9% the ANZ Bank rate is 35.6520 at -4.1% and the ING Bank rate is 34.96 at -5.9% compared to the mid-rate 37.17.

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.