What is the
Bankwest Send Money conversion rate for AUD to HKD?
The Bankwest AUD to HKD exchange rate is 4.8829. This is -4.4% compared to the latest AUD-HKD mid-market rate 5.1065.
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 Hong Kong dollar (HKD) rates from different sources before making a conversion.
The above
Bankwest - Aussie to Hong Kong dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Bankwest and other foreign exchange providers against the latest AUD-HKD mid-rate and the possible savings of using various providers.
How do Bankwest AUD-HKD rates compare between providers?
Looking at the
full comparison table
the best AUD to HKD exchange rate is 5.081 from OFX, -0.5% from the mid-market rate 5.1065. The next best rate is 5.0758 from XE, -0.6% from the mid-rate. Then Wise with 5.0733 is -0.65% from the mid-rate.
The Western Union rate is 5.0554 which is -1% from the mid-rate.
Among the banks the Commonwealth Bank rate is 4.8880 at -4.3% the ANZ Bank rate is 4.9390 at -3.3% and the ING Bank rate is 4.9257 at -3.5% compared to the mid-rate 5.1065.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Bankwest 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.