Wise.com 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, Wise 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.
The below are indicative rates for Wise exchange rates on a variety of multiple currencies sampled JULY 2020. Since then Wise has slightly modified the spread it takes. You can view the current rates on Wise’s website.
Wise (Formerly TransferWise) Exchange Rates
| Currency Pair | Real Interbank Rate | Estimated Quote Wise |
|---|---|---|
| GBP to EUR | 1.1665 EUR | 1.1606 EUR |
| EUR to GBP | 0.8573 GBP | 0.8553 GBP |
| GBP to AUD | 1.7779 AUD | 1.7690 AUD |
| AUD to GBP | 0.5625 GBP | 0.5607 GBP |
| GBP to USD | 1.2267 USD | 1.2205 USD |
| USD to GBP | 0.8152 GBP | 0.8130 GBP |
| AUD to NZD | 1.0971 NZD | 1.0937 NZD |
| GBP to NZD | 1.9505 NZD | 1.9407 NZD |
| USD to NZD | 1.5901 NZD | 1.5858 NZD |
| NZD to AUD | 0.9115 AUD | 0.9091 AUD |
| NZD to GBP | 0.5127 GBP | 0.5113 GBP |
| NZD to USD | 0.6289 USD | 0.6272 USD |
| GBP to SGD | 1.7047 SGD | 1.6962 SGD |
| AUD to SGD | 0.9588 SGD | 0.9559 SGD |
| USD to SGD | 1.3897 SGD | 1.3860 SGD |
| SGD to GBP | 0.5866 GBP | 0.5837 GBP |
| SGD to AUD | 1.0429 AUD | 1.0377 AUD |
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 Wise Rates/ Fees
Do you want to see how Transferwise rates and fees match up against competitors? View the following comparisons:
Essentially, we can say the following:
- Wise 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 (only accepts businesses and online sellers but has a fixed rate structure which is better than Wise’s), as well as brokerages like Currencies Direct, Moneycorp and TorFX who can potentially beat Wise’s rates on larger transactions.
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.