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 details and click ‘Get Rates’.
The NAB AUD to USD exchange rate is 0.6138. This is -5.9% compared to the latest AUD-USD mid-market rate 0.6522.
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 US dollar (USD) rates from different sources before making a conversion.
The above NAB - Aussie to Dollar 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-USD mid-rate and the possible savings of using various providers.
Looking at the full comparison table the best AUD to USD exchange rate is 0.6489 from OFX, -0.51% from the mid-market rate 0.6522. The next best rate is 0.6482 from XE, -0.61% from the mid-rate. Then Wise with 0.6479 is -0.66% from the mid-rate.
The Western Union rate is 0.6456 which is -1% from the mid-rate.
Among the banks the Commonwealth Bank rate is 0.6288 at -3.6% the ANZ Bank rate is 0.6306 at -3.3% and the ING Bank rate is 0.6307 at -3.3% compared to the mid-rate 0.6522.
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: