Your transfer will be completed at the target rate; however, the exchange rate could continue to move above your target rate, meaning that you could have achieved a better rate of exchange.

The market may never reach your desired rate, meaning it could have been better to transfer earlier to meet your time and budget goals.

Limit Orders* let you target an exchange rate that suits you for up to 6 months. Because OFX is open 24/7, our system will lock in the Limit Order and send a deal confirmation once the target rate has been achieved. 
Limit Orders often work best for individuals that need to move money but don’t need to convert it immediately. Instead, you can wait for your desired rate. Optimise your FX and wait for a better rate.
For more information, feel free to reach out to our specialists.

*If you book a Limit Order, it may mean losing out if the market rate continues to move above your target rate. There is no guarantee that your desired rate will be reached. Once the order is triggered, the transfer is binding and cannot be cancelled.

Limit Orders don’t require a deposit or advance payment.

Your Limit Order can be cancelled or changed anytime before your target rate is reached. You can do so by logging in to your OFX Account online, or by contacting our OFX specialist on the phone.
Please note: Once your Limit Order target rate is reached, the deal is booked and guaranteed for you. This means the deal becomes legally binding when the market hits your target rate and OFX cannot cancel the Limit Order.
If you book a Limit Order, it may mean losing out if the market rate continues to move beyond your target.