The mid-market rate is the current official exchange rate for a currency. It’s the midway price between the current buy and sell prices on the global markets, hence the term “mid-market rates.”
To see how good quoted exchange rates are, you can compare them to the mid-market rate and see exactly how much you’re paying.1
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TSB Bank exchange rates
Check TSB Bank's exchange rates to see how much it will cost to send money overseas.
Exchange rates are one of the main costs of an international money transfer. As such, taking the time to hunt down cheaper rates can make a sizable difference to how much money arrives to your recipient.
Take a look at a sample of TSB’s typical exchange rates, then compare this against what you could get with a specialist money transfer to see if you could be saving on your next transfer.
What are TSB’s foreign exchange rates?
The table below shows a sample of TSB foreign exchange rates, last updated 16 March 2019.
If you’re exchanging NZD for another currency, such as when sending money overseas, you’ll want to look at the “You buy” table. It shows the price of TSB foreign currencies when you purchase them with NZD.
|Aust Dollar||Cash Passport||TAU||0.922|
|Canadian Dolla||Cash Passport||TCA||0.859|
|English Pound||Cash Passport||TGB||0.4853|
|Hong Kong Doll||Cash Passport||THK||5.024|
|Japanese Yen||Cash Passport||TJP||71.6429|
|Nz Dollar||Cash Passport||TNZ||1|
|Papua New Guin||Kina||PGK||2.0875|
|Singapore Doll||Cash Passport||TSG||0.8696|
|U.s. Dollar||Cash Passport||TUS||0.6521|
|Untd Arab Emir||Dirhams||AED||2.1253|
|Aust Dollar||Cash Passport||TAU||–|
|Canadian Dolla||Cash Passport||TCA||–|
|English Pound||Cash Passport||TGB||–|
|Hong Kong Doll||Cash Passport||THK||–|
|Japanese Yen||Cash Passport||TJP||–|
|Nz Dollar||Cash Passport||TNZ||–|
|Papua New Guin||Kina||PGK||–|
|Singapore Doll||Cash Passport||TSG||–|
|U.s. Dollar||Cash Passport||TUS||–|
|Untd Arab Emir||Dirhams||AED||–|
Sending money with TSB: What to know
What we like
- Foreign currency accounts. TSB offers foreign currency accounts to help manage foreign money in more ways.
- Currency selection. TSB offers a range of currencies, including some less-common ones.
What to watch out for
- Additional fees. In addition to the $25 fee charged by TSB, other banks may also take fees for receiving money.
- Uncompetitive rates. Bank rates are typically not as competitive as those offered by specialist money transfer services.
How do TSB’s exchange rates compare?
Banks will typically not be as cost-effective as specialised money transfer services. This is partly because of the high fees associated with wiring money – which is what you do when sending an international transfer through banks – and partly because the exchange rates are often less competitive.
Compare TSB against some alternatives to see if you can save money on your next international transfer.
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 from 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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