What is the
best Send Money conversion rate for USD to EUR?
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 Euro (EUR) rates from different sources before making a conversion.
The above
Natwest Bank - Dollar to Euro comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Natwest Bank and other foreign exchange providers against the latest USD-EUR mid-rate and the possible savings of using various providers.
How do Natwest Bank USD-EUR rates compare between providers?
The next best is XE at 0.8469, -0.6% from the mid-rate.
Then Wise at 0.8464, which is -0.66% from the mid-rate.
The Western Union rate is 0.8435 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 0.7848 at -7.9% the Wells Fargo Bank rate is 0.7797 at -8.5% and the Citibank rate is 0.8189 at -3.9% compared to the mid-rate 0.8520.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Natwest 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.
Compare USD to EUR Transfer Rates