Blog

Discover how to make the most of your international money transfers when you OFX it

currency

Sending Money Overseas Advice

When you’re planning on transferring money internationally, there are a few things you should know. Here’s some helpful advice for sending money overseas.

Read more

INR

Sending Money to India from Australia

Whenever you’re planning on sending money to India from Australia, follow these tips. You’ll save money and send your funds securely and quickly.

Read more

india

Sending Money to India from UK

Whenever you’re planning on sending money to India from UK, follow these tips. You’ll save money and send your funds securely and quickly.

Read more

 


business from overseas

A Complete Guide to Doing Business Overseas

Thanks to advanced technology, free trade agreements, and globalization, it’s easier than ever to expand your business operations into overseas markets.Managing your currency exposure may give you the competitive edge you need to protect your profits abroad.

Read more


Inheritance from Overseas

Inheritance Process Steps

If you’re receiving an overseas inheritance, you might wonder who owes the inheritance tax that is often required. Most of the time, the inheritance tax will be acquired from the estate itself and paid by the executor.

Read more


Money transfer online

How do I transfer money to a foreign bank account?

To save money when you transfer money to a foreign bank account, you should avoid your bank. Most banks’ daily exchange rates contain a hidden margin of up to 5% over the live exchange rate. Big-name payment providers charge similar high margins. Use a specialist money transfer company to keep more of your cash.

Read more


Lady on Device

Pound Pummels Commodity Currencies

The kiwi and loonie are crumbling against the British pound. As U.S. President, Donald Trump, continues to threaten critical trade partnership agreements like NAFTA and the TPP, export economies with strong ties to the U.S. including Australia, New Zealand and Canada are paying the price.

Read more


Lady on Device

OFX’s New CEO Talks Employee Engagement in the Digital Age

OFX appointed a new CEO in February. After 100 days at OFX, Skander Malcolm discusses how to tap employee capability and potential in the modern age.

Read more


Skander Malcolm

OFX Appoints a New CEO: Skander Malcolm

OFX appointed a new CEO in February. With more than 23 years’ experience in financial services in both established and emerging markets, Skander Malcolm is focused on driving growth and market share while developing talent and increasing employee engagement.

Read more


Foreign Exchange Exposure

Foreign Exchange Exposure Definition

Foreign exchange exposure refers to the risk a company undertakes when making financial transactions in foreign currencies.

Read more


Man on a plane using a electronic device

How to Send Money to Family Abroad

No matter where you need to send money, OFX understands the demands of an international lifestyle. Whether you’re sending money for study abroad, destination weddings, or as a special gift, our customer service agents are available online or by phone 24/7 to help. Get the service and savings you deserve.

Read more


SWIFT Code

What Is a SWIFT code?

SWIFT codes are 8 to 11 characters long and made of both letters and numbers. You can typically find them on a bank statement or on your bank’s website.

Read more


How to Use Forex To Take Charge Of Your Finances

Knowing how to use forex to take charge of your finances is the first step, as not all foreign investments are created equal. When it comes to personal finance, the right decisions will ensure a secure future.

Read more


Rand Currency Notes

Emerging Market Currencies Deliver Big Opportunities for Investors in Q1

Compared to previous weeks, sales of rand have more than doubled at OFX as savvy customers cash in on the rand’s decline. As an emerging market currency, the rand is also one of the most volatile of the commodity currencies

Read more

 


The French Election

When Is The French Election And What Does It Mean For The Euro?

The first round of the French election takes place on the 23rd of April wherein 11 candidates are expected to participate followed by a run-off of the top two on 7th of May, 2017. Current opinion polls suggest that far-right candidate Marine Le Pen will face off against Emmanuel Macron in May. 

Read more


A man using a laptop

The 5 Biggest Forex Myths You Need to Know

Whether you’re a forex pro or a total newbie, it can be hard to tell the fact from the fiction when it comes to foreign exchange. Check out our list of the biggest forex myths, so you can steer clear of the hype and make an informed decision.

Read more


Lady looking back on the city

Where Can You Find Jobs Abroad?

If you’re interested in working in another country, knowing exactly where to find jobs abroad will ensure you uncover the best opportunities. From networking to attending job fairs, these are the specific steps that you should take if you want to land a fulfilling and lucrative position in no time.

Read more


rates

How we keep our rates so low

A lot of people ask us how we deliver such great rates. Here are the basics...

Read more


What's It Like Living Overseas, and Is It Right for You?

The ultimate value of your experience abroad will depend on your willingness to take risks and embrace the newness and uncertainty that comes with living overseas. Ultimately, living overseas can be challenging, but it’s worth the effort.

Read more


5 Things No One Tells You About Living Abroad

Heading overseas? Immigrating to another country can be an exciting step to develop your education, career or personal interests. But before you make your move, there are five things you should know that no one tells you about living abroad. Get a reality check before you go, right here, right now.

Read more


5 Biggest Expat Mistakes and How to Avoid Them

Ready to make your big move abroad? Before you go, here’s our list of the biggest expat mistakes made by first-timers. Fortunately, there are simple ways to avoid unnecessary headaches while you’re abroad.

Read more


Managing Your Risk

World Currency News

It’s shaping up to be a big week for the global forex markets as investors await the results from the Dutch election on Wednesday and an expected rate hike from the Fed on the same day. Pile on Theresa May’s triggering of Article 50 slated for this week or next and ten days of consecutive losses for the Kiwi and it’s clear that everyone should be paying attention to how forex will impact their personal finances in 2017. 

Read more


Married couple walking on the beach at sunset

Destination Wedding Checklist: Budgeting to Partying

If getting hitched in an exotic location sounds like your perfect day, staying organised will streamline the planning process. So even though destination wedding can be a lot of work, with strong planning and a bit of determination, you can have the day you've always dreamt of. To help you get started, we’ve compiled a handy destination wedding checklist.

Read more

 


cny

When Is the Dutch Election and Why Does It Matter?

The Dutch election is scheduled for March 15, 2017 and with the populist, anti-Islam politician Geert Wilders leading the polls, this election may have a profound effect on the future of the European Union.

Read more


What is Trump’s effect on the value of the U.S. dollar?

The dollar gained following Trump's election victory in expectation of fiscal stimulus and higher interest rates. To the financial markets’ surprise, since inauguration, the Trump administration has been focused on immigration and trade.

Read more

Orange field with people walking through it

Introducing OFX the new name for UKForex

We'd like to introduce OFX, the new name for UKForex. What began as a start up in a garage near Sydney’s Northern Beaches has become one of the world’s leading global money transfer providers. But this re-brand isn’t about us. It’s about you. Read more


cny

What Are the Best Places to Get Plastic Surgery Overseas?

According to The International Medical Travel Journal, some of the top destinations for medical tourism include Malaysia, Germany, the UK, Greece, India, and Spain, but other nations top the list when it comes to cosmetic procedures, in particular. For plastic surgery overseas, Brazil, Thailand and Malaysia take the top spots.

Read more


cny

10 Best Places for Retiring Overseas

Are you ready to spend your golden years in comfort, style, and maybe even a bit of luxury? Then check out this list of the 10 best places for retiring overseas and reinventing yourself and your life.

Read more


cny

How to transfer inherited IRA

An inherited IRA is a retirement account that you receive when you become the beneficiary of someone else’s IRA. After someone close to you, such as a family member or friend, has passed away, you might inherit his or her IRA, and your transfer options will depend upon your relationship to the deceased.

Read more


White Beach Wedding Marquee

How to save money on a destination wedding

Money-saving strategies can be applied to all destination weddings, whether you’re planning on hosting your event on a beach in Bermuda, in the heart of London, or in a remote area of New Zealand. To make your destination wedding come to life without breaking the bank, check out some handy tips.

Read more


Hand typing on laptop

Currency Risk Management Strategies in 2017

As we look ahead to the remainder of 2017, it makes sense to review the calendar to identify other key events that have the potential to cause significant volatility in currency markets. As it happens, we need to look no further than to Europe where elections in three of the founding member states of the E.U. could dramatically alter the European political landscape in 2017.

Read more


cny

Is Forex the Key to Your Property Investment Success?

Investing in real estate overseas, or purchasing big-ticket items like collectibles, helicopters and jets, and gems is a good way to strengthen your personal finances. To help you be certain that every forex investment will move you closer to overall investment success, we’ve compiled a list of helpful tips that you can use to reduce your risk.

Read more


cny

Hard Brexit meaning

Hard Brexit means that the UK would likely relinquish access to the EU’s single market including the customs union. Britain would retain sovereign control over trade deals, immigration and law-making within its borders. Future trade partnerships with European nations may be based on World Trade Organisation (WTO) rules.

Read more


cny

Article 50 When Will It Be Triggered?

U.K. Prime Minister, Theresa May, hoped to trigger Article 50 of the Lisbon Treaty by the end of March 2017. However, the Supreme Court recently ruled that she must seek parliamentary approval before triggering Article 50. Determined to meet her own March deadline, May has submitted a simplified bill to parliament in an effort to expedite negotiations.

Read more


cny

What is article 50?

The Treaty of Lisbon, which came into effect in 2009, brings together two previous treaties to form the constitution of the European Union. Within the Treaty of Lisbon, Article 50 outlines the conditions under which a member country can leave the E.U. Once invoked, Article 50 places a two year deadline on the withdrawal negotiations.

Read more


buying property abroad

How smaller companies are making bigger wins with tailored solutions

Tails clothing is all about craftsmanship, and the owner Joshua Williams searches high and low for suppliers who can meet his high standards. Unfortunately, Josh’s bank was charging him huge fees on his overseas payments...

Read more


cny

Study abroad benefits

College is a time to learn about yourself while learning about the world, and there really is no better way to do that than by heading off on your own to study abroad.

Read more


cny

Chinese New Year Shutdown Preparations

January 28th is rapidly approaching and that means that 1.4 billion people are about to go on holiday. Chinese New Year, or the ‘Spring Festival’ as it’s known in China, is a forty-day festival that spurs the world’s largest human migration.

Read more


Italy Referendum

From the sovereign debt crisis to the immigration backlash and Brexit, the EU continues to battle large issues and anti-establishment voices that threaten to tear the union apart. The Italian referendum may send another shock throughout Europe.

Read more


OFX wins digital identity excellence award in fraud prevention

At the 2016 Digital Identity Summit, a panel of six security experts and analysts awarded the Fraud Risk Management team at OFX with a Fraud Prevention Award for strong cross-border impact.

Read more


Money and Currency

Aussies lose millions on money transfers

Every year, thousands of Aussie expats send money overseas. New research conducted in Australia by Galaxy Research reveals that 80% of Australians would use a bank to transfer their money.* That may be an expensive choice as more than half of those surveyed are completely unaware that banks often charge a 5% margin on their foreign transfers. 

Read more