The mid-market rate is the current official price of a currency. It's called the mid-market rate because it's the average "mid" price of a currency on the global markets at any given time. By comparing a quoted exchange rate to the mid-market rate, you can calculate exactly how much you're losing to potentially unfavourable exchange rates and consider whether you're getting value for money.Once you start looking at the mid-market rate, you might be shocked to find that you've been paying 5% or even more of the total on your currency transfers.
You can find the mid-market rate for any currency by searching online or looking on business news sites like Reuters.1
ANZ currency exchange rates
Check out what ANZ's exchange rates look like next to the competition.
You might assume that as a multi-national bank, ANZ offers highly competitive exchange rates, but once you compare them to other options, you'll probably find that specialist money transfer services can offer much lower fees and better rates.
A more favourable exchange rate can make a significant difference when sending money overseas, so it's worth shopping around before settling with your bank.
What are ANZ's currency exchange rates?
The table below shows ANZ's current foreign exchange rates, accurate as of 5 June 2019.
If you want to convert funds into another currency, you'll want to look at the "sells" column. This shows the price tag ANZ puts on foreign currencies and how much local currency you get for them.
The "buys" column is for converting foreign currencies back into local currency. It will give you an idea of how much your receiver will get when using ANZ, not including any fees.
|Currency||ANZ buys||ANZ sells||For AUD$10,000, you'll get|
|USD United States dollars||0.7271||0.675||USD 6,750|
|EUR European Union euros||0.6472||0.597||EUR 5,970|
|GBP British pounds||0.5711||0.529||GBP 5,290|
|CAD Canadian dollars||0.9807||0.9041||CAD 9,041|
|CNY Chinese yuan||N/A||N/A||-|
|NZD New Zealand dollars||1.0841||1.0212||NZD 10,212|
|BHD Bahraini dinars||N/A||N/A||-|
|BDT Bangladeshi taka||N/A||55.465||BDT 554,650|
|CZK Czech Republic koruna||17.5563||15.2696||CZK 152,696|
|DKK Danish kroner||4.899||4.444||DKK 44,440|
|FJD Fijian dollars||1.52||1.4662||FJD 14,662|
|HKD Hong Kong dollars||5.716||5.293||HKD 52,930|
|HUF Hungarian forint||225.2441||191.1129||HUF 1,911,129|
|INR Indian rupees||50.625||46.427||INR 464,270|
|ILS Israeli shekels||2.8823||2.4161||ILS 24,161|
|JPY Japanese yen||79.53||72.61||JPY 726,100|
|KES Kenyan shillings||O/A||O/A||-|
|KWD Kuwaiti dinars||0.2297||0.2024||KWD 2,024|
|MYR Malaysian ringgit||N/A||N/A||-|
|MUR Mauritian rupees||N/A||23.723||MUR 237,230|
|MXN Mexican peso||14.5817||13.0703||MXN 130,703|
|XPF New Caledonian francs||77.458||69.004||XPF 690,040|
|NOK Norwegian kroner||6.353||5.819||NOK 58,190|
|OMR Omani rial||0.2944||0.2539||OMR 2,539|
|PGK Papua New Guinean kina||O/A||1.9908||PGK 19,908|
|PHP Philippine pesos||38.217||34.628||PHP 346,280|
|PLN Polish zloty||2.8709||2.5394||PLN 25,394|
|WST Samoan tala||1.9281||1.7265||WST 17,265|
|SAR Saudi Arabian riyal||2.777||2.506||SAR 25,060|
|SGD Singapore dollars||1.003||0.922||SGD 9,220|
|SBD Solomon Islands dollars||5.7973||5.2771||SBD 52,771|
|ZAR South African rand||10.8364||9.7875||ZAR 97,875|
|KRW South Korean won||N/A||N/A||-|
|LKR Sri Lankan rupees||129.048||117.473||LKR 1,174,730|
|SEK Swedish kronor||6.894||6.316||SEK 63,160|
|CHF Swiss francs||0.728||0.666||CHF 6,660|
|THB Thai baht||23.717||21.074||THB 210,740|
|TOP Tongan pa'anga||1.6025||1.5131||TOP 15,131|
|TRY Turkish lira||4.2956||3.8328||TRY 38,328|
|AED United Arab Emirates dirhams||2.6855||2.4525||AED 24,525|
|VUV Vanuatu vatu||84.7653||75.8936||VUV 758,936|
Sending money with ANZ: What to know
What we like
- Reduced and no-fee options. ANZ doesn't charge any fees for international transfers of more than $10,000 and has previously reduced fees elsewhere.
- Around 100 destinations. ANZ lets you send money to a wide range of locations worldwide.
What to watch out for
- Correspondent bank fees. Even if ANZ doesn't charge fees, other banks may still extract a fee from your transfer en route.
- Uncompetitive rates. ANZ's exchange rates are less competitive than what you can find with specialist money transfer services.
How do ANZ's exchange rates compare?
Many big banks will charge similar exchange fees and exchange rates. But even if ANZ's fees are lower than others, it's still generally not as cost-effective as using a specialist money transfer service.
See how much you could save on your next transfer, and which providers are available, by entering your currencies and transfer amount into the table below.
The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.
Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.
International Money Transfer OffersImportant Information*
Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.
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