Compare ANZ Bank AUD to ZAR transfer rates

Compare ANZ Bank Exchange Rates & Fees - Save Time & Money

Our ANZ Bank AUD 1 to ZAR rate is 10.86. This is -3.9% below the mid-rate.

ANZ Foreign Exchange at a glance

Like all the leading banks, ANZ offers a wide range of currency related products and services to its customers. If you are a customer of ANZ and use internet banking to transfer money overseas then you will be interested to learn how St George Bank exchange rates compare to other providers.

* You must be a customer of ANZ Bank to use their exchange currency services.

ANZ Travel Money - Note as of October 2021 ANZ Bank no longer buys and sells foreign currency in Australia.

The main points:

ANZ Bank exchange rates are generally poor compared to using an FX specialist.
Bad exchange rates need to be weighed up against ease of sending money via ANZ internet banking.
On occasion ANZ can offer very good rates especially for Asia currencies.

ANZ Bank - AUD Rate Margin Analysis

The average AUD rate margin offered by ANZ Bank is 3.7%.

This average is based on individual AUD 10K transfer rates in the currency pairs from ANZ Bank that we monitor.

ANZ Bank - Best and Worst Value Rates

The tables below show the best and worst exchange rate margins offered by ANZ Bank for Australian dollar (AUD 10K) transactions. Margins show the percentage difference from the mid-market rate.

ANZ Bank Best Value Rates (Lowest Margins)

Currency Pair	ANZ Bank Rate	Mid Market Rate	Margin
AUD/FJD	1.4431	1.4784	2.4%
AUD/JPY	96.32	98.92	2.6%
AUD/CHF	0.5080	0.5224	2.8%
AUD/PLN	2.3288	2.3968	2.8%
AUD/DKK	4.0800	4.1994	2.8%

ANZ Bank Worst Value Rates (Highest Margins)

Currency Pair	ANZ Bank Rate	Mid Market Rate	Margin
AUD/PGK	2.3646	2.7494	14.0%
AUD/WST	1.6862	1.8111	6.9%
AUD/TOP	1.4707	1.5559	5.5%
AUD/VUV	74.70	78.90	5.3%
AUD/SBD	5.0535	5.3186	5.0%

What is the ANZ Bank Send Money conversion rate for AUD to ZAR?

The ANZ Bank AUD to ZAR exchange rate is 10.86. This is -3.9% compared to the latest AUD-ZAR mid-market rate 11.30.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Australian dollar (AUD) to South African rand (ZAR) rates from different sources before making a conversion.

The above ANZ Bank - Aussie to Rand comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by ANZ Bank and other foreign exchange providers against the latest AUD-ZAR mid-rate and the possible savings of using various providers.

How do ANZ Bank AUD-ZAR rates compare between providers?

Looking at the full AUD to ZAR - Send Money comparison table the provider with the best AUD to ZAR exchange rate is OFX at 11.25, -0.44% from the latest mid-market rate 11.30.

The next best is XE at 11.24, -0.53% from the mid-rate.

Then Western Union at 11.19, which is -0.97% from the mid-rate.

Among the banks the Commonwealth Bank rate is 10.79 at -4.5% the ANZ Bank rate is 10.86 at -3.9% and the ING Bank rate is 10.78 at -4.6% compared to the mid-rate 11.30.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like ANZ Bank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

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