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 NZD$10,000, you’ll get|
|AUD Australian dollar||0.9682||0.9332||AUD 9,332|
|CAD Canadian dollar||0.8919||0.8585||CAD 8,585|
|CHF Swiss franc||0.6653||0.6399||CHF 6,399|
|DKK Danish kroner||4.4355||4.2553||DKK 42,553|
|EUR European Union euro||0.5936||0.5707||EUR 5,707|
|FJD Fiji dollar||1.4571||1.3837||FJD 13,837|
|GBP British pound||0.5282||0.5082||GBP 5,082|
|HKD Hong Kong dollar||5.2336||5.0438||HKD 50,438|
|INR Indian rupee||46.5581||44.4687||INR 444,687|
|JPY Japanese yen||72.46||69.81||JPY 698,100|
|LKR Sri Lanka rupee||118.5351||113.0786||LKR 1,130,786|
|NOK Norwegian kroner||5.8127||5.5797||NOK 55,797|
|PGK Papua New Guinea kina||–||2.1049||PGK 21,049|
|PHP Philippine peso||34.7989||33.2647||PHP 332,647|
|SBD Soloman Islands dollar||5.6378||4.9169||SBD 49,169|
|SEK Swedish krona||6.3491||6.0963||SEK 60,963|
|SGD Singapore dollar||0.9141||0.88||SGD 8,800|
|THB Thai baht||20.9608||20.0237||THB 200,237|
|TOP Tonga pa’anga||1.5708||1.4177||TOP 14,177|
|USD United States dollar||0.6695||0.6446||USD 6,446|
|VUV Vanuatu vatu||79.19||72.57||VUV 725,700|
|WST Samoa tala||1.816||1.6499||WST 16,499|
|XPF CFP franc||70.95||67.42||XPF 674,200|
|ZAR South African rand||9.9445||9.5478||ZAR 95,478|
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.
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