Find out up to date market rates
Market Rate 0.7189
What is a currency converter?
Our Currency Converter is a quick and easy way to calculate 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. You don’t even need an account with us; just select the currency pair you want to see and our inbuilt market Exchange Rate Calculator will give you their latest market values.
The market rate and the customer rate – what’s the difference?
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.
Ready to send money? You could be up and running in minutes
1. Open an account
Complete the registration
form in just 5 minutes
2. Send the funds
Enter your recipient’s details
and send OFX the money
by bank transfer
3. Track the transfer
Track your transfer online
or via our OFX app
How do I send my money at a good rate?
When you see a favourable market exchange rate on our currency converter, simply log into your OFX account to see our customer rate so you can decide whether to book the transfer with us. We will send you an email confirming your customer rate, leaving you to send us the money via your bank.
Our competitive customer rates are often many times better than the banks’, and with low or no fees, OFX makes it easy to send money internationally. Our team of dedicated dealing and customer service agents are available 24/7 to answer any queries you might have and to guide you through the transfer process.
With the ability to see changing market rates in an instant and make your overseas money transfers quickly and securely, you can trust us to meet your international money transfer needs.
Send money to over 170 countries
Why choose OFX
- Bank-beating rates: Keep more of your money as it travels around the world
- 50+ currencies: Make transfers to over 170 countries
- Easy to use: Check rates, make payments or track transfers online or via our app
- Peace of mind: OFX is ASX-listed and monitored by over 50 regulators globally
- We know FX: Markets can move, we can help you plan for ups or downs
- 24/7 support: Talk to a real person at any time, day or night
Need to talk to an OFXpert?
With offices around the world, our business day follows the sun. You can always speak to us, day and night.