TransferWise prides itself in transparency, and unlike other currency provider, you can actually view which fees and rates you are going to receive prior to your transfer. In fact, TransferWise is so fair, that a person moving £1,000 will get the same rates as someone who sending a million! The markups they apply are not volume-dependent which is great news for those who are sending small regular transfers abroad. If you view World First Rates or TorFX rates, it will be structured completely different than TransferWise exchange rates and fees.
More Popular Pairings:
|Currency Pair||Real Interbank Rate||Estimated Quote TransferWise|
|AUD to NZD||1.0504 NZD||1.0399 NZD to 1.0452 NZD|
|GBP to NZD||1.7658 NZD||1.7481 NZD to 1.7570 NZD|
|USD to NZD||1.3785 NZD||1.3647 NZD to 1.3716 NZD|
|NZD to AUD||0.9520 AUD||0.9425 AUD to 0.9472 AUD|
|NZD to GBP||0.5663 GBP||0.5607 GBP to 0.5635 GBP|
|NZD to USD||0.7255 USD||0.7204 USD to 0.7218 USD|
|GBP to SGD||1.7717 SGD||1.7705 SGD to 1.7628 SGD|
|AUD to SGD||1.0540 SGD||1.0532 SGD to 1.0487 SGD|
|USD to SGD||1.3831 SGD||1.3821 SGD to 1.3761 SGD|
|SGD to GBP||0.5644 GBP||0.5640 GBP to 0.5616 GBP|
|SGD to AUD||0.9488 AUD||0.9481 AUD to 0.9441 AUD|
|SGD to USD||0.7230 USD||0.7225 USD to 0.7194 USD|
- We do not guarantee the accuracy of these quotes. Exchange rate constantly fluctuate and by the the time you ask for a quote it may change.
Comparative View on TransferWise Fees/ Rates
Do you want to see how Transferwise’s fees and exchange rates match up against competitors? View the following comparisons:
Essentially, we can say the following:
- Transferwise is the cheapest company for low-value transfers bar none
- Their best routes are Pound-Euro. On the US Dollar they are not the cheapest, and Australian Dollar they are cheap but not as cheap.
- On large transfers, especially with our preferential rates, they are beaten by World First and TorFX for all currency pairings
Also, it is important to remember that you will secure the LIVE rate only if you book a transfer and check the part that says “secure rate”. Else, the rate can fluctuate until the funds are received to cover the transfer.