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Ulster Bank exchange rates: What you need to know

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

Ulster Bank 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 Ulster Bank’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.

Ulster Bank 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. Ulster Bank 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 Ulster Bank 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 Ulster Bank’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 Ulster Bank offers
  4. Subtract the first amount from the second amount
  5. This is the amount you’ll lose through currency conversion with Ulster Bank

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.
 

Ulster Bank 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 Ulster Bank currency converter or visit the nearest branch to get the latest rates.

Currency ISO Code Exchange Rate Mid-Market Rate Exchange Rate Margin / Loss
US Dollars USD 1.1052 1.3025 15.15%
Canadian Dollars CAD 1.4485 1.70665 15.13%
Australian Dollars AUD 1.5356 1.81007 15.16%
Brazilian Real BRL 4.0428 4.82727 16.25%
Bulgarian Lev BGN 1.8874 2.23833 15.68%
Chinese Yuan CNY 7.5649 9.01952 16.13%
Croatian Kuna HRK 7.1749 8.50935 15.68%
Czech Koruna CZK 24.9032 29.57021 15.78%
Danish Kroner DKK 7.2376 8.53708 15.22%
Egyptian Pounds EGP 19.5072 23.39471 16.62%
Hong Kong Dollars HKD 8.6585 10.20226 15.13%
Hungarian Forints HUF 310.7397 369.12651 15.82%
Indian Rupee INR 79.8912 95.24559 16.12%
Indonesian Rupiah IDR 16,317.5563 19514.79905 16.38%
Israeli New Sheqels ILS 4.0846 4.81851 15.23%
Japanese Yen JPY 125.1364 147.48894 15.16%
Kenyan Shillings KES 110.9280 132.25691 16.13%
Malaysian Ringgits MYR 4.5748 5.43755 15.87%
Mauritian Rupees MUR 37.9488 45.37348 16.36%
Mexican Pesos MXN 22.1347 26.20796 15.54%
Moroccan Dirham MAD 10.4606 12.39035 15.57%
New Turkish Lira TRY 6.0163 7.11342 15.42%
New Zealand Dollars NZD 1.6607 1.95864 15.21%
Norwegian Kroner NOK 9.2426 10.90788 15.27%
Omani Rials OMR 0.4232 0.50081 15.50%
Polish Zloty PLN 4.1707 4.93595 15.50%
Romanian Leu RON 4.4488 5.33445 16.60%
Saudi Arabian Riyals SAR 4.1233 4.88439 15.58%
Singapore Dollars SGD 1.5209 1.79268 15.16%
South African Rand ZAR 15.8571 18.72772 15.33%
Swedish Krona SEK 10 11.82711 15.38%
Swiss Francs CHF 1.1089 1.3095 15.32%
Thai Bahts THB 36.4714 42.94577 15.08%
Tunisian Dinar TND 3.1754 3.75633 15.47%
UAE Dirhams AED 4.0376 4.78345 15.59%

How we collect our data & advertiser disclosure

Ulster Bank’s exchange rate was collected from Ulster Bank’s website on 05/11/2018. Interbank rates collected from x-rates.com on 05/11/2018. 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 Ulster Bank’s website, contact Ulster Bank’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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