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OFX team
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OFX team

We help businesses and individuals securely send money around the world by making it easier to navigate the complexities of foreign exchange. Our team consists of foreign exchange experts, dedicated support staff and knowledgeable writers.
Currency Outlook October.

Currency Outlook October.

The key drivers below could affect investor risk sentiment and currency markets from late October through to mid-November: A crowded central bank calendar, with the Bank of Canada (BoC), Reserve Bank of New Zealand (RBNZ) and Federal Reserve all deciding interest rates on October 28, followed by the European Central Bank (ECB) on October 29, Bank of Japan (BoJ) betweenOctober 29–30, Reserve Bank of Australia (RBA) on November 3 and Bank of England(BoE) on November 5. Energy-driven inflation linked to the Middle East conflict keeps hike/hold uncertainty alive at several of them. A heavy political and fiscal calendar, including the...

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Secure your rates: Forwards Contracts explained.

Secure your rates: Forwards Contracts explained.

Last month, your overseas supplier invoice cost exactly what you budgeted for. Your margins were intact, your cash flow forecast held steady, and there were no last minute surprises at month-end.  This month, your order remains the same except for one thing. The exchange rate. Suddenly your costs are higher than planned, eating into your profits and going over budget. For businesses dealing in cross-border payments, this kind of unpredictability can be stressful, making it hard to control budgets. That’s where Forward Contracts can help. What is a Forward Contract? Think of it like locking in today’s fuel price for...

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What causes FX volatility? How businesses can reduce foreign exchange risk.

What causes FX volatility? How businesses can reduce foreign exchange risk.

Foreign exchange markets move constantly. For businesses operating internationally, these movements can directly impact costs, revenue, and profitability.  Exchange rate volatility and FX risk are not just financial concepts, they are operational realities that affect pricing decisions, cash flow forecasting, and long term growth. In this guide, we explain what causes exchange rate volatility, how FX risk affects businesses, and how OFX helps companies manage currency risk through flexible FX solutions and global payment tools. What is exchange rate volatility? Exchange rate volatility refers to the degree and speed at which one currency’s value changes against another. These fluctuations are...

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