The mid-market rate is the mid-point between the "buy" and "sell" rates on the global market. This means it's the real exchange rate, without the margin that a lot of banks and money transfer services add on.
It's always a good idea to compare the mid-market rate against what your bank is offering to see if it's a good deal or not. You can get an idea of the live mid-market rate by using the calculator below.1
Commonwealth Bank exchange rates
A complete list of the current foreign exchange rates offered by CommBank for an international money transfer.
A good exchange rate can make a big difference to the amount of money that ends up with your recipient at the end of the day. Typically, the major Australian banks like CBA, ANZ and NAB offer similar foreign exchange rates to one another.
Check out our guide below to the foreign exchange rates offered by CommBank. If you're after the best exchange rate you can get, you might want to compare CommBank against other money transfer services. Often, you're able to get a better deal somewhere other than with your usual bank.
What are the Commonwealth Bank's exchange rates?
See below what international money transfer exchange rates CommBank is offering today. This table is updated daily, so is accurate as of 01 March 2020.
When looking at the table, "buys" refers to the rate at which Commbank will buy a foreign currency from you and give you Australian dollars in exchange. "Sells" is the opposite, meaning the rate CommBank is selling the foreign currency at. This is the exchange rate you'll pay if you want to send your Australian dollars overseas.
|Currency||Currency code||CBA buys||CBA sells||For AUD$10,000, you'll get|
|US Dollar||USD||0.7089||0.6426||USD 6,426|
|Great British Pound||GBP||0.5491||0.4976||GBP 4,976|
|Canadian Dollar||CAD||0.9416||0.8534||CAD 8,534|
|Chinese Renminbi||CNY||-||4.5151||CNY 45,151|
|Czech Koruna||CZK||-||14.9086||CZK 149,086|
|Danish Kroner||DKK||4.8149||4.363||DKK 43,630|
|Fijian Dollar||FJD||1.531||1.4133||FJD 14,133|
|Hong Kong Dollar||HKD||5.5498||5.0292||HKD 50,292|
|Hungarian Forint||HUF||-||196.4726||HUF 1,964,726|
|Indian Rupee||INR||49.2247||46.3849||INR 463,849|
|Indonesian Rupiah||IDR||-||9029.8624||IDR 90,298,624|
|Israeli New Shekel||ILS||2.4581||2.2264||ILS 22,264|
|Japanese Yen||JPY||77.68||70.4||JPY 704,000|
|Kuwaiti Dinar||KWD||0.2157||0.1952||KWD 1,952|
|Lebanese Pound||LBP||-||968.9149||LBP 9,689,149|
|Mauritian Rupee||MUR||-||23.4519||MUR 234,519|
|New C/Tahiti Franc||XPF||76.0977||70.767||XPF 707,670|
|New Zealand Dollar||NZD||1.0902||1.0131||NZD 10,131|
|Norwegian Kroner||NOK||6.4966||5.8847||NOK 58,847|
|Oman Rial||OMR||0.273||0.2474||OMR 2,474|
|P.N.G. Kina||PGK||-||2.1622||PGK 21,622|
|Philippine Peso||PHP||36.1017||32.46||PHP 324,600|
|Polish Zloty||PLN||2.7765||2.5157||PLN 25,157|
|Saudi Riyal||SAR||2.6589||2.4094||SAR 24,094|
|Singapore Dollar||SGD||0.968||0.8773||SGD 8,773|
|Solomon Island Dollar||SBD||5.8618||5.1419||SBD 51,419|
|South African Rand||ZAR||10.4733||9.4874||ZAR 94,874|
|South Korean Won||KRW||-||755.7601||KRW 7,557,601|
|Sri Lankan Rupee||LKR||128.3979||116.167||LKR 1,161,670|
|Swedish Kronor||SEK||6.7882||6.1501||SEK 61,501|
|Swiss Franc||CHF||0.7087||0.6423||CHF 6,423|
|Thai Baht||THB||21.44||19.43||THB 194,300|
|Turkish Lira||TRY||4.0993||3.7138||TRY 37,138|
|U.A.E. Dirham||AED||2.6044||2.3599||AED 23,599|
|Vanuatu Vatu||VUV||81.0545||73.8083||VUV 738,083|
|Vietnamese Dong||VND||-||14810.0049||VND 148,100,049|
|Western Samoa Tala||WST||-||-||-|
Sending money with CommBank: What to know
What we like
- Flexible sending methods. You can send your money online, over the phone or in-person. You can also pay with cash, card or straight through your bank account.
- Regular transfers. You're able to set up a recurring transfer.
What to watch out for
- Uncompetitive exchange rates. CommBank often adds a larger margin to the exchange rate compared to specialist money transfer services.
- High fees. Keep an eye out for both sending and receiving fees, as these can add up.
How do CommBank's exchange rates compare?
You should also consider comparing CommBank's exchange rates with other providers to find the best rate. Often, a specialist money transfer company can offer you better exchange rates and lower fees than your local bank.
Check out the table below to see some of the more popular providers and calculate how much you could receive through them.
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.
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