Skip to content

NatWest exchange rate study: Save money on currency transactions

Nabil Beirouty Avatar

Nabil

Jan 2, 2019

NatWest Exchange Rate Photo

CurrencyFees » Fee Guides » NatWest exchange rate study: Save money on currency transactions

NatWest offers convenient ways to spend, send and receive money in a multitude of different currencies. Foreign exchange rates represent a major pricing point and there is often little clarity around them. We researched NatWest’s exchange rates to provide you a table showcasing their currency rate spread.

Save money with alternative providers

Make sure to compare NatWest’s exchange rates with the rates of other currency providers to ensure you get the best deal.
 

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

NatWest exchange rates

The exchange rate table below refers to international money transfers.

Currency ISO Code Exchange Rate Interbank Rate Exchange Rate Spread
Euro EUR 1.0801 1.12377 3.89%
US Dollars USD 1.2236 1.28336 4.66%
Australian Dollars AUD 1.6696 1.75043 4.62%
Bahrainian Dinars BHD 0.4615 0.48254 4.36%
Barbados Dollars BBD 2.3223 2.56672 9.52%
Brazilian Real BRL 4.3037 4.80336 10.40%
Brunei Ringgits BND 1.6856 1.76212 4.34%
Bulgarian Lev BGN 2.0068 2.19791 8.70%
Canadian Dollars CAD 1.6009 1.68724 5.12%
Cayman Islands Dollars KYD 0.9733 1.05276 7.55%
Chilean Pesos CLP 788.941 860.04569 8.27%
Chinese Yuan CNY 8.046 8.90379 9.63%
Colombian Peso COP 3,724.63 4066.64207 8.41%
Costa Rican Colon CRC 680.934 797.05631 14.57%
Croatian Kuna HRK 7.6375 8.35124 8.55%
Czech Koruna CZK 26.4956 29.20617 9.28%
Danish Kroner DKK 7.9516 8.38614 5.18%
Dominican Republic Pesos DOP 58.2142 64.44167 9.66%
East Caribbean Dollars XCD 3.0604 3.46841 11.76%
Fiji Dollars FJD 2.4756 2.71382 8.78%
French Pacific Franc XPF 122.149 134.10159 8.91%
Guatemalan Quetzal GTQ 8.931 9.88405 9.64%
Hong Kong Dollars HKD 9.464 10.04729 5.81%
Hugarian Forints HUF 329.51 361.52691 8.86%
Icelandic Krona ISK 145.875 158.03178 7.69%
Indonesian Rupiah IDR 17,224.70 18757.74138 8.17%
Israeli New Sheqels ILS 4.443 4.75298 6.52%
Jamaican Dollars JMD 145.994 161.73864 9.73%
Japanese Yen JPY 135.637 144.57139 6.18%
Jordanian Dinars JOD 0.8412 0.9099 7.55%
Kenyan Shillings KES 122.33 131.89296 7.25%
Kuwaiti Dinars KWD 0.3724 0.39055 4.65%
Malaysian Rinnggits MYR 5.0706 5.37759 5.71%
Mauritian Rupees MRU 40.1251 46.00839 12.79%
Mexican Pesos MXN 23.6082 25.87587 8.76%
Moroccan Dirham MAD 11.3319 12.16831 6.87%
New Turkish Lira TRY 6.6173 6.8438 3.31%
New Zealand Dollars NZD 1.7767 1.86604 4.79%
Norwegian Kroner NOK 10.2073 10.83043 5.75%
Omani Rials OMR 0.4646 0.49345 5.85%
Pakistani Rupee PKR 155.664 171.84876 9.42%
Peru New Sol PEN 3.799 4.32988 12.26%
Philippines Piso PHP 63.9086 67.46769 5.28%
Polish Zloty PLN 4.3902 4.84969 9.47%
Qatar Riyals QAR 4.233 4.6711 9.38%
Romanian Leu RON 4.9026 5.24365 6.50%
Russian Ruble RUB 76.4195 84.66453 9.74%
Saudi Arabian Riyals SAR 4.5927 4.81226 4.56%
Singapore Dollars SGD 1.6619 1.76212 5.69%
South African Rand ZAR 17.1041 17.96017 4.77%
South Korean Won KRW 1,310.82 1438.39812 8.87%
Sri Lankan Rupee LKR 205.191 226.31437 9.33%
Swedish Krona SEK 11.016 11.55682 4.68%
Swiss Francs CHF 1.217 1.28717 5.45%
Taiwan Dollar TWD 36.6469 39.50073 7.22%
Thai Bahts THB 38.5307 42.1498 8.59%
Trinidad & Tobago Dollar TTD 7.6992 8.62032 10.69%
UAE Dirhams AED 4.318 4.7128 8.38%
Vietnamese Dong VND 27,104.30 29862.89478 9.24%

Know the latest interbank rate for your currency

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. NatWest 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 NatWest for international transfers, card payments abroad or your travel money needs, make sure to know the current interbank exchange rate. That way, you’ll be able to calculate FX losses on a foreign currency transaction. You can find the latest interbank rates using an online currency converter.

How to calculate your exchange rate loss

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

  1. Multiply your original amount by the current interbank rate
  2. Multiply your original amount by the exchange rate NatWest offers
  3. Subtract the first amount from the second amount
  4. This is the amount you’ll lose through currency conversion with NatWest

Exchange rates can vary

Banks often offer different margins depending on the product and the customer. Commercial exchange rates offered to a business customer are usually better than exchange rates for individuals. For example, the currency conversion rate on an international transfer will differ from a card payment overseas.

FX rates also vary by currency and destination countries. For example, ordering currencies with low market liquidity in cash is likely to be more expensive.

Beware of currency conversion fees

For most types of currency transactions, there are usually more conversion fees that apply. These can either be administrative/service fees coming from NatWest, or third party fees from credit card providers or correspondent banks. Always make sure to ask your local branch manager for the full scope of fees before making a transaction involving foreign currency.

 

How we collect our data & advertiser disclosure

The information displayed is subject to change at any time and we do not guarantee 100% accuracy of the information. For the today’s rates, visit NatWest’s website, contact NatWest customer support, log into your online banking and use their respective exchange rate calculator or visit the nearest branch to get the latest rates.

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.

*NatWest’s exchange rate was collected from NatWest’s website on 04/11/2017. Interbank rates collected from x-rates.com on 04/11/2017.

Leave a Comment





Scroll To Top
0 Shares
Share
Tweet
Share