How to keep track of exchange rates

At OFX, we’re constantly working towards bringing you a great rate coupled with excellent customer service and innovative new products. A fundamental part about international money transfers is that the market exchange rate is always in flux, meaning that the customer rate can be different everyday too. This means you’ll want to make sure you’re up-to-date and monitoring market movements so you can get the best rate.

We understand that the reason you’re transferring money is important. It could be for your destination wedding, transferring your pension so you can spend time abroad, or maybe you’re supporting your family overseas.

So it’s important that you get a great rate so that as much of the money you’re transferring is received on the other end. We’ve listed some of the best ways to take control of your next international money transfer through our exchange rate monitoring tools.

Keep track of market movements

Rate alerts

OFX rate alerts offer you the ability to set a specific target rate for a chosen currency pair, which is then delivered direct to your inbox. The best part? You don’t have to be your own currency strategist, the team at OFX monitors the market for you. When the target rate is reached, that’s when we notify you.

Learn more about rate alerts and sign up to monitor your favoured currency pair.

A fundamental part about exchange rates is that they're always changing, which means the customer rate does too.

This means you’ll want to make sure you’re up-to-date with the best tools for monitoring the exchange rate markets, so you can get the best rate possible.
Our experts provide you with daily and weekly market news

Market news

Another great part of having experts in market movements on deck is that they’re constantly updating our Market News page. This page allows you to view the rates for different currency pairs in real time. You can view these real time rates hourly, monthly, weekly and even yearly on an interactive graph.

To view the market rates and find out more about how your desired currency is performing today, head over to the Market News page.
Daily commentary can help you know what's happening in the world

Daily commentary

We also offer expert Daily Commentary on market movements. Essentially, our currency experts round up the most important market news of the day and provide keen insight and analysis into how the major currencies are performing. This way, you can be informed and engaged with your desired currency pairs and more prepared in the case that market volatility strikes.

Sign up for daily (or weekly) commentary and learn more about how the events happening around the world influence exchange rates of the major currencies.
The OFX money transfer app

OFX money transfer app

With the OFX money transfer app, you can track market rates on-the-go wherever you are in the world. The app lets you view fast and reliable live rates with an interactive touchscreen feature where you can view exact times in the rate history. You can even track rates without logging in. When the time comes, the app also allows you to make and track a transfer seamlessly.

Read more about the app and download it via iOS or Android and start transferring today.
For whatever reason you need to make a transfer, at OFX, we understand that you want to make sure you’re getting a great rate. This is why we’re constantly improving our offering to bring you new and innovative ways of getting bank-beating rates (saving you up to 70%)1 on your next transfer.

1Average savings based on published rates of ANZ, Westpac, NAB and CBA on a single transfer of AUD$10,000 to USD between 6.9.18 and 8.10.18 excluding weekends. Transaction costs excluded. Quoted savings are not indicative of future savings.