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Understanding the Table:
The comparison table above helps you see the total cost of your NAB 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’.
Like all the leading banks, NAB (National Australia Bank) offers a wide range of currency related products and services to its customers. If you are a customer of NAB and use internet banking to transfer money overseas then you will be interested to learn how NAB exchange rates compare to other providers.
* You must be a customer of NAB Bank to use their exchange currency services.
International transfers sent in Australian dollars using the NAB app or NAB Internet Banking incur a $30 transfer fee. International transfers made at a NAB branch (sent in Australian dollars or foreign currency) incur a $30 transfer fee.
In 2022, NAB (National Australia Bank) announced their acquisition of the Citi consumer banking business in Australia.
If you previously had a Citi branded deposit, home loan or investment account, your account was closed, and balance transferred to your NAB branded account on 24 February 2024.
You can manage your foreign transfers through NAB Internet Banking or the NAB app where NAB exchange rates will now apply.
The NAB AUD to PHP business exchange rate is 33.77. This is -8.7% compared to the latest AUD-PHP mid-market rate 37.00.
As Business 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 NAB - Business Aussie to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by NAB and other foreign exchange providers against the latest AUD-PHP mid-rate and the possible savings of using various providers.
Looking at the full AUD to PHP - Send Money comparison table the provider with the best Business AUD to PHP exchange rate is OFX at 36.87, -0.35% from the latest mid-market rate 37.00.
The next best is XE at 36.78, -0.59% from the mid-rate.
Then Wise at 36.76, which is -0.65% from the mid-rate.
The Western Union rate is 36.63 which is -1% from the mid-rate.
Among the banks the Commonwealth Bank rate is 34.43 at -6.9% the ANZ Bank rate is 35.4370 at -4.2% and the ING Bank rate is 34.73 at -6.1% compared to the mid-rate 37.00.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like NAB 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.
View a full list of exchange rates by selecting your Base (from) currency:
