Discover global trends, inspiring customer stories, and how to make the most of your international money transfers
Sending money internationally can be unpredictable as the markets often become volatile in response to ongoing global events. Risk management tools like Forward Exchange Contracts and Limit Orders can help remove the uncertainties associated with adverse exchange rate movements.
Simon Griffiths, the co-founder and CEO of Who Gives a Crap, talks about his experience taking a Kickstarter project and how it's possible to generate profit whilst driving positive social change.
How will people and cities have to adapt to a driverless future? Founder of aerospace company Matternet, Andreas Raptopoulos, weighs in on the possibilities of a borderless future.
How must ‘Born-global’ companies navigate complexity to seize the opportunities of a boundary-less world? Adventure Capital founder, Stuart Richardson, shares his perspectives.
What will our work become in an itinerant world? CEO and Founder of CloudPeeps, Kate Kendall, weighs in.
Kriti Sharma, Vice President of Artificial Intelligence at Sage and a leading AI ethicist, discusses the ways AI is shaped by humanity, and how this technology is changing our world forever.
Vincent Stanley, Director of Philosophy at Patagonia, shares how an initial sense of corporate responsibility has broadened into a wider one.
How do we live better in a world of ever increasing urban density? IKEA Australia Sustainability Manager, Dr Kate Ringvall, explains.
City of Detroit’s Chief Storyteller, Aaron Foley, shares in on the city’s renaissance, and the importance of a sense of place and belonging in today's world.
In an interview with FXCintel’s CEO Daniel Webber, OFX’s CEO Skander Malcolm shares insight into how the company continues to provide a differentiated service.
When it comes to crowdfunding, there is no such thing as an overnight success story.
Imagine a world with no service stations and no parking stations. Where houses or apartment blocks won’t require garages or parking bays.
Future financial transactions will feature facial recognition technology and possibly wearables, hearables and implantables.
The internet and the tools it has spawned – collaboration apps, document sharing services, video conferencing and voice over internet protocol systems – have made it easier for colleagues anywhere to liaise quickly and efficiently.
The ability to move through the world with ease and engage with communities and cultures different to our own is increasingly part of our global world. But with that has come a long-term degradation of cultural sites and their surrounding environments as a result of tourism that isn’t sustainable.
With brands of the future set to increasingly embrace artificial intelligence (AI) and machine learning, they will be able to determine what we want, before we want it.
Reinvigorating the business world with their sense of purpose and resilience, a new breed of investor is redefining the parameters of capitalism.
Imagine this: a shared edible garden, a café fragrant with locally roasted beans, a sunny rooftop deck, all bustling with the chatter of local residents.
Presently there are 244 million people working, living and experiencing cultures alien to their own. Collectively it represents the fifth largest ‘nation’ on Earth. How do you find a place to belong in the world when you can belong anywhere?
There are a host of attractive and affordable places throughout Europe for university students from around the world who wish to study in another country. Here are our top picks of the best places to study abroad in Europe, so you can narrow down your choices to the ideal fit for your needs, budget, and expectations.
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.
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.
Our customers often ask how long it takes to make a transfer with OFX. We've broken down some key points here.
As exchange rates are always fluctuating, you'll want to make sure that you're on top of the market movements when it comes to making your next international money transfer. Here's some tools to get you started.
OFX has been awarded a 5-star rating from Canstar for Outstanding Value in International Money Transfers. The award confirms OFX’s commitment to building on our products and services in an increasingly competitive foreign exchange market.
Mid-market, interbank or market rate? Find out more about what this term means and how it can impact your international money transfer.
Learn more about how you can make you money transfer work for you with our risk management strategies and protect yourself against market volatility.
There are a host of reasons why you’d need to send money internationally. You might be paying for a destination wedding, purchasing an overseas property or adding a coveted item to your collection from a dealer overseas. We break down some important points about how much making an international money transfer can cost.
The new landscape of fintech companies are picking off parts of the banks and turning them into global businesses that boast a frictionless online experience for the customer.
At OFX, we take security very seriously and our award-winning fraud prevention team employ some of the most sophisticated strategies in fraud deterrence and prevention.
A lot of people ask us how we deliver such great rates. Here are the basics.
Companies around the world are building communities through their brands, united by a shared purpose.
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From drones to autonomous vehicles, what new ways are we building to get ourselves, and the things we need, from A to B?
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Consumer awareness is important when choosing a provider to make your international money transfer
Key industry innovators explain what it takes for a business to stay competitive.
What does it take for a business to be born global? OFX customer and luxury swimwear brand owner, Dale McCarthy explains how her business was able to expand so quickly.
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The emergence of the gig economy is changing how we work, and it's not just for millennials.
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From gut health to mindfulness, what changes can we be making to be better leaders? A new documentary looks at how the brand can influence leadership.
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What does it take to become a good expat? We sent a survey to our expat customer base and here’s what they had to say about it.
With the growth of AI and other smart technology, it’s now onto businesses to adapt to the changing landscape. How can companies create hyper-personalised experiences that customers love?
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Many consumers are adopting a mission-driven lifestyle and seeking out brands that deliver a positive impact.
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The increase in global connectivity and mobility has provided the opportunity for greater collaboration and innovation around the world.
With a greater awareness of the way we live and consume, many innovators are providing sustainable living options for the future.
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Despite its benefits, technology has contributed to more distance between people. Now the world is shifting towards re-establishing human connection.
With more freelancers than ever, and more businesses looking to improve productivity, co-working spaces are in high demand.
Despite uncertainty surrounding the terms of Brexit, small British businesses are increasingly optimistic about international trade. In fact, the majority expect to increase overseas sales in the next year. And it’s not all talk.
With a greater awareness of the way clothing is produced, a demand for sustainable and ethical fashion has emerged. Luckily, innovative entrepreneurs are creating sustainable clothing that doesn't compromise on style.
From our homes, cities and workplaces to our relationships and consumer experiences, Aaron Michie from JOY creative agency reviews what trends are occurring with the rapid development of artificial intelligence and other technologies.
Non-profit Planetary Society has been funding innovative space projects around the world. Here’s how they do it, and how you can get involved.
Flow Hive harnesses the power of social impact entrepreneurship to help beekeepers and save endangered pollinators.
What is the future of co-living? Is this a trend that has staying power? Learn why more people are choosing the co-living lifestyle around the world.
In a world of always-on and an overabundance of choice, customers expect a lot more from the businesses that they choose to support.
Co-living offers professionals and digital nomads a new way to live an exciting yet affordable life that’s filled with community and creativity.
KoalaSafe helps parents monitor and limit their kids’ time online. Learn how KoalaSafe became a global brand that supports healthier digital habits.
Vinomofo started off as a small business in Australia, but with a creative approach, and help from services like OFX, they went global.
OFX customer Matt Gillespie swapped Queensland's white sand beaches for Japan's pristine powder snow to run Hakuba Snow Tours - a ski in, ski out lodge nestled just 20 metres from the slopes.
We’ve brought together Ross Greenwood and an expert panel of business leaders to identify some of the common mistakes and strategies for success. Featuring Australian business Compusoft in the inaugural OFX ‘Go Global’ accelerator programme.
With the right preparation, you could make your dream of living in tropical Singapore a reality before you know it. There might be quite a bit of paperwork and planning involved, but all of these steps will help ensure that the move will go as smoothly as possible.
Sometimes ordinary people do extraordinary things. One of these everyday heroes is David Wilson, a British journalist who started a fundraising campaign to change the life of a family in Vietnam.
Start-up and OFX partner Stake provides an online platform where anyone can buy US shares – without heavy brokerage or foreign exchange fees. We caught up with co-founder Matt Leibowitz to talk about their start up journey.
Benjamin Siggers specialises in bespoke suiting handmade in Italy by traditional producers. Quality, made-to-measure menswear with a low environmental impact.
We are incredibly lucky to have four amazing women on our Global Executive team. Hear some of their insights, and join us as we continue to #PressForProgress.
Our customer Melinda Balazs left her comfortable, settled corporate life in Australia in favour of a stint exploring the world. Melinda had spent most of her adult life in Sydney, Australia, when she realised that the life she was living wasn’t meant for her. So, just like that, she quit, packed up everything and set out to backpack around the world by herself.
How can you pay international contractors quickly, safely, and reliably? Use OFX to facilitate your international business needs.
Have you thought about taking your business global? Use these 10 strategies for selling internationally to help ensure long-term success.
Selling products abroad is easier than ever. Here’s a list of the top 10 marketplaces to get started with, or expand onto.
As the beneficiary of an inheritance from abroad, you might have questions regarding how to transfer your inheritance to the USA. Here’s what you need to know.
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How can you pay invoices in a foreign currency? International invoice payments may expose your business to currency risk. Here’s what you need to know.
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Are you hoping to adopt a child from another country? Discover how to pay for an international adoption, so you can ensure it will go smoothly.
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Are you planning on buying overseas shares to boost the value of your investments? Check out these tips to make the right choices.
The rise of the internet has given birth to a new, modern global economy. This new economy is digital, on-demand, and virtually unconstrained by the borders drawn on the map. Here’s everything you need to know about invoicing in foreign currencies.
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New to Paris and planning to stay a while? Check out our insider tips for how to make the most of your time in the City of Light from the people who have lived it and learned.
How can you sell products internationally online? What’s the best way to accept international payments? OFX, of course.
Attending graduate school abroad is a fabulous way to broaden your horizons, but it can also be an opportunity to save money, as there are universities throughout the world where you can get the same quality education at a more affordable price.
Christmas has always been an important season for retailers looking to capitalise on holiday spending. But nailing seasonal sales requires months of preparation, which means that for most online retailers, Christmas is already in full swing by July.
2017 has been a banner year for global economic growth, and that is putting pressure on central banks to adjust their monetary policies. Just last week, the Bank of Canada (BOC) made the first interest rate hike in nearly seven years. As the Aussie hits a 25-month high against the USD, all eyes are on the impending RBA’s speech on Wednesday around the Q2 Consumer Price Index.
Online sellers can start selling products online without inventory by using a method called “drop shipping,” where the seller receives an order, buys it directly from the manufacturer, and ships it straight to the customer.
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Are you preparing for an international move but aren’t sure how to pack everything? Check out these tips on how to pack your life in two suitcases.
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Buying goods from overseas is easier than ever, thanks to the internet, and it could be a great strategy if you are trying to save money. You could shop for your favourite designer brands from the comfort of home without having to travel anywhere.
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There are a variety of reasons why a live exchange rate is always changing. For example, the various levels of inflation that occur throughout the world, and the varying interest rates from one country to another will affect a live exchange rate.
If you are smart and strategic while traveling and shopping abroad, you could purchase that designer outfit in Paris that you have been eyeing up, without having to worry about how much you will have to pay in additional fees.
With a reliable way to pay for international goods in a different foreign currency, a literal world of possibilities opens up to shoppers, especially those purchasing luxury goods. We take a look at what savvy online consumers need to know, and need to look out for, when buying online in a foreign currency.
International education is a wonderful thing. Paying for it should be, too. Let's take a look below at some of the most popular types of international schools, exactly what they offer to curious academics like yourself, and some of the ins and outs of paying for them!
Five of the most affordable places to study abroad include Mexico, Costa Rica, Malaysia, Germany, and Poland. So whether you want to head off to a tropical location, Europe, Latin America, or Asia, these are destinations that will give you a quality education you can afford.
Transferring money from your domestic bank account to a foreign bank account is easy with OFX. In just a few simple steps, you can set up single or recurring international transfers via our website or mobile app, and every transfer is swift and secure
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Whenever you’re planning on sending money to India from US, follow these tips. You’ll save money and send your funds securely and quickly.
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Multiple factors affect whether or not you need to pay tax on money transferred from overseas. When you are ready to make your overseas money transfer, use OFX so you don’t get stung by high bank fees and margins.
Are you planning on moving to a new country? Discover the best way to transfer your savings overseas while saving on exchange rate fees.
Studying overseas is a great way to expand your horizons, but it could get pricey. Here are ways to fund study abroad so you don’t break the bank.
When Theresa May called the snap election in April, markets were confident the result would be a significant Tory majority; strengthening May's position and giving her a mandate as Prime Minister of the United Kingdom.
Are you planning on moving money internationally? A lot of people immediately think of using their bank to transfer money between countries, but there is a better—and more affordable—way to get the job done. Discover the best way to transfer money between countries easily and swiftly.
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.
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.
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.
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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.
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.
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.
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.
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.
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.
Foreign exchange exposure refers to the risk a company undertakes when making financial transactions in foreign currencies.
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.
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
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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.
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.
A lot of people ask us how we deliver such great rates. Here are the basics.
2017 has been a banner year for global economic growth, and that is putting pressure on central banks to adjust their monetary policies. Just last week, the Bank of Canada (BOC) made the first interest rate hike in nearly seven years. As the Aussie hits a 25-month high against the USD, all eyes are on the impending RBA’s speech on Wednesday around the Q2 Consumer Price Index.
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.
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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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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...
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.
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.
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.
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.
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©UKForex Limited (trading as “OFX”) is: registered in England and Wales (Company No. 04631395). Our registered office is at 4th Floor, The White Chapel Building, 10 Whitechapel High St, London E1 8QS. We are authorised by the Financial Conduct Authority as an Electronic Money Institution (Firm Ref. No. 902028).
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