Potential revenue lost due to lack of cross-border confidence
Australian businesses forecasting cross-border growth over the next six months
Australia’s Cross-Border Confidence Index
Prepare your business for cross-border trade, complete the form below for a FREE currency consultation with one of our specialists.
Boosting cross-border confidence (54.1 Oct 2019) for Australian small business is key to help drive economic growth.
The OFX Cross-border Confidence Index provides insights, opportunities and strategies to help navigate global markets to make cross-border trade an affordable reality.
We wanted to understand how Australian SMEs are engaging in cross-border trade, look at the challenges they face, and identify opportunities to help bolster their bottom line. Understanding how to create certainty and save money on payments can make cross-border trade a growth-driving reality for any business .Skander Malcolm, OFX CEO
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OFX grew from the idea that there had to be a better, fairer way to do business. As experienced executives in global forex companies, our founders knew the industry was opaque, dominated by big banks with inflated rates and a lacklustre service that favoured large institutions over smaller businesses. In 1998, our founders launched a foreign exchange information website from Sydney’s Northern Beaches with a vision to enable businesses of all sizes to compete in the global economy with confidence – a vision that remains true to this day. Since launching over 20 years ago, OFX is now an ASX-listed company operating internationally and helping more than 1 million customers worldwide to transfer over AU$150B.
*Average savings based on published rates of ANZ and CBA on a single transfer of AU$10,000 to US dollars between 15/5/19 and 1/8/19, excluding weekends. Transaction costs excluded. Quoted savings are not indicative of future savings.
**80% of major currency transfers are processed in 24 hours of receipt of funds by OFX.
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