NAB Exchange Rate Calculator
NAB offers different foreign exchange rates depending on what you need to do, but it can be confusing. Use the calculator below and find out what your exchange rate will be when you buy/sell foreign currency in cash, transfer money overseas or receive money into your account.
National Australia Bank Exchange Rates Explained
When you look at the NAB exchange rate table, it’s easy to get confused. This is because exchange rate you receive will depend on a few things:
- The currency you need
- If you want to buy or sell the currency
- The type of transaction. Do you need foreign currency in cash or are you transferring money overseas to another bank account?
How the NAB exchange rate table works:
First, work out which exchange rate column relates to your situation.
- Buy Foreign Cash: If you need to buy foreign currency in cash (notes and coins)
- Sell Foreign Cash: If you need to sell foreign currency in cash (notes and coins)
- Send Money: If you need to transfer money from Australia to another bank account overseas
- Receive Money: If you need to receive money into your NAB bank account from overseas
Next, you need to find the right currency code. Each line in the table relates to a different currency. For example, if you're heading to the UK, you only need to look at the exchange rates for the British Pound (GBP).
Also, take into account that the Euro (EUR) is the currency used in a number of countries within the European Monetary Union (or EU), including places like France, Germany, Italy and Spain. If you're not sure what currency you’ll need for the country you're going to, check out the full list here.
Do you mind the gap?
The exchange rates that National Australia Bank offer aren't the same market rates you can see on online currency converters or Google.
To find a better rate, compare exchange rates before you travel or transfer money overseas.
NAB Currency Exchange
The exchange rates in the "Buy Foreign Cash" and "Sell Foreign Cash" columns are the rates you'll get when you want to exchange currency for personal or business travel.
Want more information? Find out how NAB currency exchange and travel money works.
How to Buy Foreign Exchange: Currency in Cash
NAB branches hold a limited stock of currency so you usually have to order your currency and pick it up at a branch.
You can either order your currency online or at a branch. It's fee free to order online but a $10 fee applies for in-branch orders.
What currencies NAB Foreign Exchange buy and sell
NAB buy and sell most major currencies (over 50 in total), but please don't assume that every branch will hold every single currency for you.
NAB International Money Transfers
The exchange rates in the "Send Money" and "Receive Money" columns relate to International Money Transfers. For a full guide on how NAB International Money Transfers work, click here.
Transferring money overseas from Australia
There are 3 ways you can transfer money overseas with NAB
- NAB internet banking
- The Mobile App
- At a branch
For a more detailed explanation on how to make a transfer, read our step-by-step guide to transferring money overseas with NAB bank.
Receiving money from overseas
To receive money from overseas, you'll need to provide the person who is paying you with:
- Your account name and full account number
- The NAB SWIFT code, which is NATAAU33
- Sometimes, you'll also need to provide them your branch name and address
For a more detailed run down on how to receive foreign currency into your Australian NAB bank account, read our step-by-step guide on how to receive money from overseas with NAB.
International Money Transfer Transaction Fees
NAB has 3 flat fees that are easy to understand:
- For transfers made online in foreign currency, NAB charges you $10
- For transfers made online in Australian Dollars (AUD), NAB charges you $30
- All transfers done at a branch have a $30 fee
There are additional fees depending on your situation, but you can find out more information on NAB International Money Transfers fees here.
What exchange rate do you get on an NAB credit card?
Unfortunately the exchange rates on credit cards are set by NAB and there is no publicly available website to check the exchange rates before you make a transaction. Usually the exchange rate appears on your statement after you've transacted.
In recent years, some banks and card issuers have launched debit and credit cards with the best foreign exchange rate you see on XE or Google.
What exchange rate do you get on an NAB traveler card?
If you are not sure which exchange rate you need, here is a list of currencies, countries and currency codes.
|CZECH REPUBLIC||Czech Koruna||CZK|
|HONG KONG||Hong Kong Dollar||HKD|
|ISRAEL||New Israeli Sheqel||ILS|
|THE REPUBLIC OF KOREA||Won||KRW|
|NEW CALEDONIA||CFP Franc||XPF|
|NEW ZEALAND||New Zealand Dollar||NZD|
|PAPUA NEW GUINEA||Kina||PGK|
|THE PHILIPPINES||Philippine Peso||PHP|
|PUERTO RICO||US Dollar||USD|
|SOUTH AFRICA||South African Rand||ZAR|
|SRI LANKA||Sri Lanka Rupee||LKR|
|TAIWAN||New Taiwan Dollar||TWD|
|UNITED ARAB EMIRATES||UAE Dirham||AED|
|UNITED KINGDOM||Pound Sterling||GBP|
|UNITED STATES OF AMERICA||US Dollar||USD|