The mid-market rate is the current average and official exchange rate of a currency. It’s called the mid-market rate because it’s the middle of the buy and sell prices found on the global currency markets at any given time.
To look at how much you’re losing to exchange rates, you can compare the quoted rate with the current mid-market rate. If there’s a 5% difference, it’s almost like paying a 5% fee on the money transfer on top of all the other costs.1
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ASB Bank exchange rates
Sending money overseas? Check ASB Bank's foreign exchange rates here.
Whenever you send money overseas, it’s important to look at the exchange rates in addition to what fees you’ll pay. Unfavourable exchange rates will often be the biggest cost.
Take a look at ASB Bank’s exchange rates below, then compare them to some other options to see how they stack up.
What are ASB Bank’s foreign exchange rates?
The table below shows ASB Bank’s current foreign exchange rates, last updated 17 March 2019.
To see the cost of sending money overseas you’ll want to look at the “sells” column. That shows the price ASB Bank charges for the foreign currencies it sells.
The “buys” column shows how much ASB Bank pays, in NZD, when purchasing foreign currencies.
|ASB Buys Notes||ASB Buys Cheques||ASB Buys INP||ASB Sells|
|Central Pacific Franc||78.2834||—||74.7651||70.2352|
|Hong Kong Dollar||5.7398||5.5058||5.487||5.2719|
|South African Rand||10.5504||—||10.1427||9.7001|
|United Arab Emirates Dirham||2.9582||—||—||2.3783|
Sending money with ASB Bank: What to know
What we like
- It’s easy. ASB Bank FastNet can make it quick and easy to make international transfers online.
- It’s quick. If you already have an account with ASB Bank, you can send funds overseas from within your existing Internet banking account.
What to watch out for
- Extra fees. Receiving and intermediary banks will often charge additional fees.
- Uncompetitive rates. ASB Bank’s exchange rates may not be as good as you’ll find elsewhere.
How do ASB Bank’s exchange rates compare?
See how ASB Bank’s exchange rates compare to others by using the table below. Simply enter how much you want to send and in which currencies, and it will show you available options and how much they cost in total.
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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