What is the
best Send Money conversion rate for NZD to USD?
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
New Zealand dollar (NZD) to US dollar (USD) rates from different sources before making a conversion.
The above
Truist Financial - Kiwi to Dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Truist Financial and other foreign exchange providers against the latest NZD-USD mid-rate and the possible savings of using various providers.
How do Truist Financial NZD-USD rates compare between providers?
The next best is XE at 0.589, -0.61% from the mid-rate.
Then Wise at 0.5884, which is -0.71% from the mid-rate.
Among the banks the ANZ Bank rate is 0.6119 at 3.3% the BNZ Bank rate is 0.5646 at -4.7% and the TSB Bank rate is 0.5611 at -5.3% compared to the mid-rate 0.5926.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Truist Financial 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.
Compare NZD to USD Transfer Rates