The amounts above are calculated using the Market Interbank rate. Sorry, bank rates not available. OFX fees not included in the conversion amounts shown above. This fee may vary and OFX receives no portion of it. Our online Currency Converter is a quick and easy way to see live market exchange rates at the click of a button. Exchange rates change all the time, and our live Currency Converter updates with it, making it the ideal tool to keep your eye on the market rate for any given currency.
The market rate is also known as the interbank rate. It is the exchange rate at which the banks borrow and lend to each other. This is usually made in large amounts over short-term loan periods. These loans are made at low-interest rates reserved almost entirely for banks, financial institutions and registered money lenders. The customer rate consists of the market rate plus a margin added by a foreign exchange provider.
While the banks may have inflated margins and transfer fees, at OFX, we keep our margins modest to offer competitive customer rates, which can save you money. We accept bank transfers from your account e. BPay, Electronic Bank Transfer.
No cash, credit card, cheques or bank drafts. We'll notify you once we receive your funds. Transfers to most countries take business days. Track your transfer online or with our mobile app. When the market reaches a rate that you find favourable , simply log into your OFX account and book the transfer with us to get the currency at a low customer rate the market rate, plus our small margin. We will send you an email confirming your customer rate, leaving you to send us the money locally via your bank.
What is a currency converter? Send us your funds We accept bank transfers from your account e. We deliver to your recipient Transfers to most countries take business days.
How do I send my money at a good rate? When it matters, OFX it. You can access the Financial Service Providers register at www.More...