The mid-market rate is the current "official" exchange rate. It's the midpoint between the current "buy" and "sell" rates on the global forex markets.To get a sense of whether a bank's exchange rates are good or bad, you'll want to compare them to the current mid-market rate. Generally, the best exchange rates will be those that are closest to this.1
Suncorp exchange rates
The latest Suncorp currency exchange rates, updated daily.
Finding a better exchange rate can make a huge difference when sending money overseas.
Australia's big banks tend to offer similar exchange rates to one other, and while it may seem convenient to go with your current bank, specialised money transfer services will usually work out much cheaper.
Take a look at today's exchange rates from Suncorp below to see how they stack up against some alternatives.
What are Suncorp's foreign exchange rates?
Find Suncorp's exchange rates for today in the table below.
In this table, the "sells" column shows the price at which Suncorp sells foreign currencies in exchange for Australian dollars. This is the most important information for converting Australian dollars into other currencies.
The "buys" column is for converting other currencies into Australian dollars. It shows the price at which Suncorp buys foreign currencies in exchange for Australian dollars.
|Currency Code||Country Name||Currency Name||Buy Cheque Rate||Buy Notes Rate||Buy Telegraphic Transfer Rate||Sell Telegraphic Transfer Rate||Sell Notes Rate|
|PGK||Papua New Guinea||Kina||0||2.7758||2.7763||1.9243||2.0558|
Sending money with Suncorp: What to know
What we like
- Negotiable rates on large transfers. Suncorp lets you negotiate exchange rates for transfers of over $20,000 in-branch.
- Limited fees. You can send funds from Suncorp personal and business accounts with flat fees of $20 for online payments. There are generally no additional receiving fees.
What to watch out for
- Uncompetitive exchange rates. Suncorp's fees generally aren't as competitive as those offered by dedicated money transfer services.
- High fees. Although simpler and lower than some other banks, Suncorp's money transfer fees are still high compared to most specialist transfer services.
How do Suncorp's exchange rates compare?
It's always worth comparing exchange rates before you send money overseas. This is because exchange rates are constantly fluctuating, and can be quite different day-to-day.
Use the table below to see how much your transfer would cost with a range of different providers, and what kind of rates you can get.
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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