When you work with our OFXperts, you'll be able to identify opportunities in the market and develop a plan to provide currency protection - and if time allows, wait for better rates before you transfer.
For example, let’s say you needed to pay a US$20,000 invoice. You received the invoice on January 6, the Australian dollar was worth US$0.6929. At this rate, your transaction would have cost A$28,864.
However, the markets shifted and the US dollar strengthened to US$0.62 on April 7, meaning the same transaction would have cost A$32,258 – an extra A$3,394.