What is the best Send Money conversion rate for USD to NZD?
The best USD to NZD exchange rate is 1.6769 from OFX . This is -0.5% compared to the mid-market rate 1.6854.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to New Zealand dollar (NZD) rates from different sources before making a conversion.
The above Remitly - Dollar to Kiwi comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Remitly and other foreign exchange providers against the latest USD-NZD mid-rate and the possible savings of using various providers.
How do Remitly USD-NZD rates compare between providers?
Looking at the full USD to NZD - Send Money comparison table the provider with the best USD to NZD exchange rate is OFX at 1.6769, -0.5% from the latest mid-market rate 1.6854.
The next best is XE at 1.6752, -0.61% from the mid-rate.
Then Wise at 1.6676, which is -1.1% from the mid-rate.
The Western Union rate is 1.6601 which is -1.5% from the mid-rate.
Among the banks the Chase Bank rate is 1.5725 at -6.7% the Wells Fargo Bank rate is 1.5624 at -7.3% and the Citibank rate is 1.6399 at -2.7% compared to the mid-rate 1.6854.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers 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 like Remitly or platforms that offer rates closer to the mid-market rate.