The rate at which you buy foreign currency is described as the bank's sell rate.

When you convert foreign currency to New Zealand dollars the rate used is the bank's buy rate.

Please note the rate that applies to a transaction will differ depending on the type of that transaction. Also, New Zealand has a floating currency so rates change every day, if not every minute.

Things you should know.

Depending on the type of transaction you enter into, additional fees or a different exchange rate may apply. If you enter into a foreign exchange transaction with us, you enter into that transaction with Westpac Banking Corporation ABN 33 007 457 141 (acting through its New Zealand branch).