Asda exchange rates: What you need to know

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Nabil

Jan 2, 2019

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CurrencyFees » Fee Guides » Asda exchange rates: What you need to know

Asda offers a convenient way to buy a multitude of different currencies. However, foreign exchange rates represent a major pricing point and there is often little clarity around them. We researched Asda’s travel money exchange rates to provide you a table showcasing their currency rate spread. Hopefully we can help you save money on your holidays.

Asda exchange rates: Information and tips

Know the latest interbank exchange rate for your currency pairs

The interbank rate (also called mid-market rate) is the midpoint between the buy price and sell price of two currencies on the currency markets. Asda does not offer the interbank rate but instead adds a margin to it, which makes the foreign currency transaction more expensive for you. Before using Asda for your travel money needs, make sure to know the current interbank exchange rate. That way, you’ll be able to calculate FX losses on the currency conversion. You can find the latest interbank rates using our currency converter.

How to calculate exchange rate loss

Here’s what you need to do in order to determine how much Asda’s travel money exchange rate spread is going to cost you:

  1. Find the current interbank rate for your currencies using our currency converter
  2. Multiply your original amount by the current interbank rate
  3. Multiply your original amount by the exchange rate Asda offers
  4. Subtract the first amount from the second amount
  5. This is the amount you’ll lose through currency conversion with Asda

Order your currency online and in advance

Ordering your foreign currency before your trip allows you to compare with rates and fees of other providers. Ordering it online also is usually much cheaper than buying currency at the airport or on arrival to your holiday destination. Make sure to always compare exchange rates before finalising an order.

 
For the best exchange rates, we highly recommend TransferWise. Enjoy your first transfer for free on transfers up to £500.
 

Asda exchange rate research

The exchange rate spreads below are for ordering foreign currency online. Rates on other services might differ. Those exchange rate margins are indicative at the time of research. Use the Asda currency converter or visit the nearest branch to get the latest rates.

Currency ISO Code Exchange Rate Mid-Market Rate Exchange Rate Margin / Loss
Euro EUR 1.1027 1.1240 1.90%
U.S. Dollar USD 1.2570 1.2812 1.89%
Australian Dollar AUD 1.7216 1.7691 2.68%
Barbadian Dollar BBD 2.3977 2.5624 6.43%
Bulgarian Lev BGN 2.0891 2.1984 4.97%
Bahraini Dinar BHD 0.4557 0.4817 5.41%
Brunei Dollar BND 1.6582 1.7591 5.74%
Brazilian Real BRL 4.5305 4.8622 6.82%
Canadian Dollar CAD 1.6453 1.7023 3.35%
Swiss Franc CHF 1.2321 1.2737 3.27%
Chilean Peso CLP 796.0966 859.4143 7.37%
Chinese Renminbi CNY 8.3705 8.8856 5.80%
Costa Rican Colon CRC 692.4006 797.1414 13.14%
Czech Koruna CZK 27.7072 29.2245 5.19%
Danish Krone DKK 7.9333 8.3873 5.41%
Dominican Peso DOP 60.1571 63.9794 5.97%
Fijian Dollar FJD 2.4960 2.7167 8.12%
Hong Kong Dollar HKD 9.5782 10.0353 4.55%
Croatian Kuna HRK 7.9362 8.3536 5.00%
Hungarian Forint HUF 337.3200 361.5517 6.70%
Indonesian Rupiah IDR 17,110.5000 18,708.6441 8.54%
Israeli New Sheqel ILS 4.3869 4.7897 8.41%
Icelandic Króna ISK 150.0400 158.7150 5.47%
Jordanian Dinar JOD 0.8637 0.9084 4.92%
Japanese Yen JPY 137.0050 144.8579 5.42%
Kenyan Shilling KES 123.3187 131.1508 5.97%
South Korean Won KRW 1,355.4170 1,453.8570 6.77%
Kuwaiti Dinar KWD 0.3675 0.3898 5.71%
Cayman Islands Dollar KYD 0.9664 1.0507 8.03%
Mauritian Rupee MUR 40.9661 44.3368 7.60%
Mexican Peso MXN 24.6964 26.0750 5.29%
Malaysian Ringgit MYR 5.0657 5.3602 5.49%
Norwegian Krone NOK 10.4796 10.9403 4.21%
New Zealand Dollar NZD 1.8213 1.8764 2.93%
Omani Rial OMR 0.4603 0.4926 6.56%
Peruvian Nuevo Sol PEN 4.0256 4.3359 7.16%
Philippine Peso PHP 61.3884 67.0477 8.44%
Polish Zloty PLN 4.5879 4.8372 5.15%
Qatari Riyal QAR 4.3478 4.6636 6.77%
Saudi Riyal SAR 4.5943 4.8046 4.38%
Swedish Krona SEK 11.1099 11.5987 4.21%
Singapore Dollar SGD 1.6801 1.7591 4.49%
Thai Baht THB 40.0293 42.2327 5.22%
Turkish New Lira TRY 6.4861 6.8534 5.36%
New Taiwan Dollar TWD 37.0400 39.5664 6.39%
Vietnamese Dong VND 27,264.7900 29,922.5087 8.88%
South African Rand ZAR 17.2193 17.8891 3.74%
UAE Dirham AED 4.5163 4.7053 4.02%

How we collect our data & advertiser disclosure

Asda’s exchange rate was collected from Asda’s website on 22/11/2018. Interbank rates collected from x-rates.com on 22/11/2018. The information displayed on this site is subject to change at any time and we do not guarantee 100% accuracy of the information.

For the today’s rates, visit Asda’s website, contact Asda’s customer support or log into your online banking and search for their exchange rate calculator. Currencyfees.com is not liable for any financial decisions based on the above information. Currencyfees.com is supported by referral compensations by some of the companies listed in our articles.

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