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Land of the free. Home of the brave. Fight back against high banks fees and margins by using OFX for your international transfers.

Our flat rate transfer fee is now a thing of the past. Our customers can enjoy international money transfers with zero OFX transfer fees. No gimmicks, no catch.

OFX fees not included in the conversion amounts shown above.

*Occasionally, third-party banks may deduct a fee from your transfer before paying your recipient. This fee may vary and OFX receives no portion of it.

*Delivery times are indicative and measured in business days from the time your funds are received by OFX.

Whether you want to transfer euros to dollars or loonies to rupees, this is the place to check live and historical currency exchange rates. With these tools, you can time your transfer, so your international payments go further.

Foreign exchange rates are always on the move, so its wise to check out the charts before you make your payment. Interbank rates, also commonly referred to as market rates, are the officiallive conversion ratesfor a given currency pair. The interbank rate is the constantly fluctuating price at which banks trade currencies with each other. Unfortunately for consumers, most banks charge up to a 5% margin on the interbank rate when they send your money overseas, which could cost you hundreds depending on the size of your transfer. At OFX, our margins are substantially less, so the more you use our service the more you save.

There are 3 major types of exchange rates systems which governments employ to determine the market value of their currencies.

Most major and relatively stable currencies employ a floating exchange rate (or fluctuating exchange rate), which are determined by the forces of supply and demand. The value of the currency is determined by market factors including interest rates, consumer and inflation data, political climate and fluctuations in the value of critical exports. Currencies which use a floating exchange rate regime include the USD, GBP and EUR amongst others.

Also known as a pegged float, in this exchange rate system, the central bank will intervene in the market to ensure that the currency value stays within a predetermined band. Countries employing a managed float include Indonesia and Singapore.

A fixed exchange rate regime ties the value of the currency to the fluctuations of another currency. The Hong Kong dollar and U.A.E. dirham are pegged to the U.S. dollar.

Why Do Different Companies Offer Different Exchange Rates?

The simple answer? Because they can. Banks know that 80% of consumers will use their bank to transfer money overseas.* They dont have to offer competitive rates, because many people are unaware of the margins they charge.(When informed of these charges 75% of consumers called these costs very high or a bank rip-off.^)

Similarly, retail currency exchange providers who have outlets at the airport know youre desperate to have the money before your trip. Thats why their buy and sell rates are so different from each other. At OFX, we offer consistently good exchange rates and professional 24/7 service, so you can move your money when you want to. Log in to see the live rates for yourself.

Make an informed decision and make the most of your money.

*Survey conducted by Galaxy Research on behalf of OFX (August 2016). Sample size: 1000 Australians. Question: if you wanted to send money overseas, would you use a bank? Answer: 81% of people responded that they would use a bank to send money overseas.

^Survey conducted by Galaxy Research on behalf of OFX (August 2016). Sample size: 1000 Australians. Question: If you transfer $10,000 overseas via your bank then the transfer fee might be $25 and the currency margin cost might be approximately $400. How do you feel about these costs to transfer $10,000 of your money overseas? Answer: Half (48%) believe that the approximate bank charges to transfer $10,000 overseas are a bank rip-off, and a further 27% say that the cost is very high (75% say that the bank charges are very high or a rip-off).

Let us know which currency you would like to make a transfer with and well let you know when it becomes available.

Get live exchange rates with our all-in-one currency converter, transfer money and track your transfers on the go with our mobile app.

IMPORTANT: This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person. OzForex Limited ABN 65 092 375 703 (trading as OFX) and its subsidiaries make no recommendations as to the merits of any financial product referred to in the website, email or its related websites. Please read ourProduct Disclosure Statementand ourFinancial Services Guide.

DISCLAIMER: OFX makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this website. Readfull disclaimer.OFX provides international money transfer services to private clients and business customers. Use our free currency converter, exchange rate charts, economic calendar, in-depth currency news and updates and benefit from competitive exchange rates and outstanding customer service.

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*Average savings based on published rates of ANZ, Westpac, NAB and CBA on a single transfer of AUD$10,000 to USD between 1.9.17 and 5.10.17 excluding weekends. Transaction costs excluded. Quoted savings are not indicative of future savings.