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Understanding the Table:
The comparison table above helps you see the total cost of your Westpac 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’.
Westpac is one of the largest banks in Australia, offering a range of financial products and services including personal and business banking, wealth management, and investment services. The bank was established in 1817 and has a long history of serving the Australian community.
Westpac bank allows its customers to buy and sell a range of major and minor currencies for international travel, trade, and investment.
Sending or receiving international transfers to or from your Westpac bank account will include a margin rate of between 3.5% to 8% – this is much higher than most money transfer broker rates (which are normally 0.5 to 1.5%).
Transfers to Cambodia, Ghana, Indonesia, Laos, Mexico, Pakistan, Philippines, Thailand, and Vietnam are only available for amounts AUD $1,000 and above, or the foreign currency equivalent value.
Westpac Bank does allow you to request a real-time FX rate request, prior to scheduling an international wire. So you can check the rate and compare to the best rates from our BER partner brokers to check for a better deal.
The average AUD rate margin offered by Westpac is 0.00%.
This average is based on individual AUD 10K transfer rates in the currency pairs from Westpac that we monitor.
The tables below show the best and worst exchange rate margins offered by Westpac for Australian dollar (AUD 10K) transactions. Margins show the percentage difference from the mid-market rate.
The Westpac AUD to TWD business exchange rate is 19.76. This is -1.8% compared to the latest AUD-TWD mid-market rate 20.12.
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 New Taiwan dollar (TWD) rates from different sources before making a conversion.
The above Westpac - Business Aussie to New Taiwan dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Westpac and other foreign exchange providers against the latest AUD-TWD mid-rate and the possible savings of using various providers.
Looking at the full AUD to TWD - Send Money comparison table the provider with the best Business AUD to TWD exchange rate is Wise at 19.92, -0.99% from the latest mid-market rate 20.12.
The next best is Western Union at 19.92, -0.99% from the mid-rate.
Then OFX at 19.19, which is -4.6% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Westpac 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:
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