What is the
WorldRemit Send Money conversion rate for USD to NZD?
The WorldRemit USD to NZD exchange rate is 1.619. This is -2.4% compared to the latest USD-NZD mid-market rate 1.6588.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
US dollar (USD) to New Zealand dollar (NZD) rates from different sources before making a conversion.
The above
WorldRemit - Dollar to Kiwi comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
WorldRemit and other foreign exchange providers against the latest USD-NZD mid-rate and the possible savings of using various providers.
How do WorldRemit USD-NZD rates compare between providers?
Looking at the
full comparison table
the best USD to NZD exchange rate is 1.6505 from OFX, -0.5% from the mid-market rate 1.6588. The next best rate is 1.6489 from XE, -0.6% from the mid-rate. Then Wise with 1.648 is -0.65% from the mid-rate.
The Western Union rate is 1.6422 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 1.5368 at -7.4% the Wells Fargo Bank rate is 1.5268 at -8% and the Citibank rate is 1.6031 at -3.4% compared to the mid-rate 1.6588.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers 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
like WorldRemit or platforms that offer rates closer to the mid-market rate.