What is a currency converter?
A Currency Converter is a tool that allows you to see live market exchange rates. Exchange rates change all the time, and currency converters allow you to keep your eye on the market rate for any given currency.
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.
GBP/EUR currency chart: 1.00 GBP = 1.1705 EUR
Ready to send money?
You can be up and running in minutes.
Open an account
Complete the registration form in just 5 minutes
Send the funds
Enter your recipient’s details and send OFX the money by bank transfer
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.
Why Choose OFX
We know FX
Markets can move, we can help you plan for ups or downs.
Great rates
Keep more of your money as it travels around the world
Peace of mind
OFX is ASX-listed and monitored by over 50 regulators globally
24/7 support
Talk to a real person at any time, day or night
50+ currencies
Make transfers to over 190 countries
Easy to use
Check rates, make payments or track transfers online or via our app
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.
