Discover global trends, inspiring customer stories, and how to make the most of your international money transfers
It’s not uncommon for small businesses today to launch with the prospect of eventually ‘going global’. But how does one go from spotting a gap in the market and having an idea, to shipping products all around the world?
Foreign exchange exposure refers to the risk a company undertakes when making financial transactions in foreign currencies.
Spain is a beautiful country, filled with history, culture, incredible natural landscapes, delicious cuisine, and friendly locals. Plus, it’s also home to some of the world’s highest ranking universities that gladly welcome international students.
If you've been thinking about studying abroad, and the UK is on your radar, you aren't alone, as hundreds of thousands of students choose to attend universities there every year.
From amazing coastlines and breathtaking mountains, to exciting cities and quaint rural areas, there really is something for everyone in the US So it's no wonder that many students opt to study abroad in America to take advantage of an opportunity to explore and meet new people.
South Korea is home to hundreds of universities, and it is also ranked one of the top countries for educational competitiveness and scholastic achievement. So, if you’re searching for a place to study abroad, and you’d prefer to go where you can rest assured you’ll receive an excellent education, Korea might be the right choice for you.
Japan offers many options for students who wish to spend some time studying abroad. The beautiful country boasts an interesting combination of technology and nature, so you can experience the best of both worlds while you’re there, and the friendly locals will be happy to welcome you, whether you choose to study in Tokyo, Nagoya, Kyoto, or anywhere in between.
Whether you want to study fashion in Milan, art and design in Rome, or anything in between, when you’re ready to spend a semester or longer abroad as a student in Italy, planning far in advance can help make the entire process less daunting.
Not only is Germany home to many of the top universities in the world, but the tuition and living expenses are surprisingly affordable, particularly when compared to countries like the United States.
Home to breathtaking landscapes, exciting cities, and world-renowned universities, Canada is a preferred destination of many students who decide to venture abroad.
Is Australia a good place to study abroad? Absolutely! Home to some of the top universities in the world, Australia is one of the most sought-after destinations for international students.
In a studio at the heart of Sydney’s CBD, you’ll find Australia’s first and only watch manufacturer, Nick Hacko. His business, ‘Nicholas Hacko Watches’ was born out of humble beginnings 25 years ago and has stood the test of time through one simple mission.
There is so much more to Japan than samurai, sushi, and sake. The Land of the Rising Sun is home to bustling, modern cities, tranquil gardens, architectural and historic wonders, and natural spaces that boast picturesque waterfalls and mountains.
Ah, the Land Down Under. Whether you are hoping to hold a koala, get close to a kangaroo, walk through a lush rainforest, or simply relax with a cold beer or iced coffee on the beach, Australia has it all.
What does it take to go global? Harvey Norman CEO Katie page shares the lessons learnt in taking the flagship store international and the challenges along the way.
Going global is a dream for many small businesses. Smiggle co-founder shares how getting the right concept capturing an untapped niche helped garner the company’s international success.
What does it take to run a global company in an increasingly competitive market? OFX’s CEO Skander Malcolm spoke to Ross Greenwood on the Origins Australia podcast series about running a business with a growth mindset.
Speaking with Ross Greenwood on the Origins Australia podcast series, owner of Australian swimwear company Budgy Smuggler, Adam Linforth, explains how an idea that started as a ‘bit of a laugh in the backyard’ became an international smash and shows the future of international expansion is no longer limited to the big players.
Germany is known for many things, like beer, castles, sausage, bread, and festivals. But if you are planning on heading over to this unique European country for the very first time, you might be at a loss about where to start.
If images of windmills, tulips, and wooden shoes come to mind when you think of the Netherlands, you aren’t alone. Filled with history, and home to the famous city of Amsterdam, you will be able to make lifelong memories during your time in this unique country.
Armed with information on where to go and how to stay safe during your travels throughout the Philippines, you can make your journey a truly unforgettable one. Here's a guide to what you should know before you go to the Philippines, courtesy of OFX.
As the pound responds in turn with recent developments on the Brexit front, it’s likely that volatility will ensue into the foreseeable future. Here's what you can do to manage the risk.
Ah, the United Kingdom. Not just one country to explore, the UK consists of England, Wales, Northern Ireland, and Scotland, making it one of the top travel destinations on the planet, as well as one of the destinations that will give you countless places to find your next adventure. Check out this guide before jetting off to know what to expect.
Thailand truly is a country like no other. You could spend one day exploring a lush forest and the next one lounging on a sandy beach and swimming in crystal clear water. Currency experts OFX have provided a handy guide for making the most of your trip to Thailand.
As the second-most popular tourist destination on Earth, this dazzling country has a beautiful gem of one kind or another for just about every person and every interest. Here's a guide to what you should know before you go to Spain, courtesy of OFX.
Heading to France? Currency experts OFX have provided a comprehensive guide of what you should know before stepping on the plane.
We recognise that the people who dream big are the people who change the world. But of course, getting your international business up and running isn’t easy. That’s why we work hard to make your overseas payments as simple and seamless as possible. See what our customer Andrew Zoratto has to say.
OFX CEO Skander Malcolm chatted about the the future of cross border payments with the Australian Financial Review, exploring how many businesses now rely on the once niche service for international ecommerce expansion.
When it comes to finding a foreign exchange provider, there are alternatives to the banks that are established, stable and secure. Here’s what to look for when shopping around.
Thinking of heading abroad to India? Here’s a guide of what to consider before jetting off.
It can be difficult to keep up with all the news surrounding Brexit at the moment, so the currency experts at OFX have put together a simple update including some key dates to keep in mind, and some tools for managing market risk during such tumultuous times.
Expanding your business overseas is an arduous and stressful process. It involves careful consideration, planning, research and execution. There are many factors to consider when looking at entering a new market because with the great opportunity for growth comes significant risks as well.
It’s no secret that the rise of new and innovative technology has enabled new ways for relationships to flourish. But has this had the same impact in romantic relationships?
Moving abroad as an expat can be challenging and rewarding, here's what you need to know when making the move to the UK.
If you’ve got a passion for luxury items, we get it. Vintage cars, private planes, extraordinary estates, we know these are the pleasures derived from a life of hard work and diligence. When you’ve searched the world over for that one exquisite purchase, we help you bring it home as affordably as possible.
Are you planning to move abroad for the next adventure? Considering the US? Here's a short guide to some key considerations before making the move.
Are you planning on making a long-term, or perhaps even permanent move to Australia? To help you prepare, we’ve compiled some information on everything from how you can get around easily, to what you can do to connect with others just like you after you’ve settled into your new home abroad.
Moving to China as an expat can be an exciting, challenging and enriching experience all at once. Here's a guide for some considerations before making the move.
Over the course of history, there have been many different forms of payment systems, from exchanging salt for goods, to bartering with paper currency and coins. The way we make payments is evolving quickly.
Corporate sentiment around the world is shifting, with businesses starting to realise the opportunity and responsibility they have when it comes to contributing towards a more sustainable world.
The current landscape of work is increasingly ‘fluid’ in nature. People across the globe are rethinking how they see their jobs and how this ties in with their personal needs and aspirations..
Global citizens today are becoming increasingly more aware of their impact on the surrounding environment.The Where the World’s Moving Global Report shows this is influencing how we make everyday purchasing decisions.
The way technology influences our everyday lives is beginning to extend into the workplace, and the skills once required to complete a job are constantly changing.
The story of our customers at MGH Equipment shows how, by using OFX, the company saves on international exchange rates and avoids unnecessary fees to bring their own customers competitive pricing on products.
After having kids, Noelle Sadinsky had a vision for a business opportunity: “kids eating junk makes me want to cry.” When she found a lunchbox with “patented, high-performance cooler panels”, she wanted to distribute the product far and wide to promote a healthy lifestyle.
Dale McCarthy, the savvy business woman at the helm of Bondi Born, took a huge risk with starting globally – and it’s paying off
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.
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.
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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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.
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.
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.
Are you heading to Singapore for a getaway or to move abroad? Here’s a list of 10 things you should definitely plan to do and see when you get there.
Are you planning on moving to Singapore? Then check out this short guide to discover what you need to know before you start your next adventure.
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.
We’re living through an era of unprecedented global economic synergy. While the overall global trend is up, markets are not moving in tandem with one another making the risk-reducing benefits of diversification even more attractive. Potential risk in emerging markets and bull market pullbacks may be adequately hedged through a global diversification strategy.
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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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.
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.
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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Jumping on a plane and heading abroad is exciting, but it doesn’t mean that you can leave your debts behind. Preparing yourself before you leave and knowing how to manage recurring payments while you’re overseas is important to ensure that you remain in control of your personal finances wherever you are in the world.
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 globalisation, 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.
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
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.
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.
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.
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.
Medical tourism is the phrase used to describe all of the people who travel to foreign countries in order to receive medical treatments. Medical tourists usually travel so they can access medical care at a lower cost than what they would have to pay if they received the same treatments at home.
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.
A lot of people ask us how we deliver such great rates. Here are the basics.
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.
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.
Last week, Canstar honoured OFX with a 5-star rating for international money transfers making this the first year that a non-bank international money-transfer provider has achieved the top ranking. Using a sophisticated methodology comparing cost and features, Canstar researched and rated 19 international money transfer providers yet awarded only OFX and two others with the top 5-star ranking.
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.
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.
When it comes to moving overseas and finding work, many things will determine your success, but we think the greatest factor is preparation. At OFX, we’ve teamed up with leading professional recruitment consultancy company Michael Page to bring you some solid advice when it comes to looking for work as an expat in Australia.
Congratulations! You’ve received your acceptance letter from the university of your choice. This is where the real adventure begins. To make sure you’re as ready as you can be, we have prepared a checklist for life as an international student in Australia.
A private plane is often seen as the ultimate luxury item – the sort of lifestyle accessory reserved exclusively for the rich and famous. But while private aircraft, including helicopters, are certainly big-ticket items, it’s not just the jet set who see the sense in having their own set of wings.
At OFX, we have a stellar team, from Australia right the way across our 6 global offices to San Francisco. From our hardworking payment experts to our dedicated dealing team we have over 40 nationalities from all walks of life, many of whom regularly send money to their loved ones. We asked a few of them to share their stories and the reasons they send money back home.
Take your Age Pension overseas when you retire – avoid the pension pitfalls and transfer your money hassle-free.
As you approach pension age, new lifestyle possibilities may start to present themselves. Depending on how you see the next chapter in your life unfolding, you may be able to make some exciting choices about how you want to live. To really take advantage of these golden years, we believe that all you need is a bit of direction. We’ve listed a number of destinations to give you an idea of what’s possible when you’ve got your pension in your pocket and the freedom to explore.
Australians have long done business with Asia, and in particular, China. Over the past year, news organisations like the ABC, News.com.au, and the Sydney Morning Herald have reported on the growth of the Chinese economy slowing. Despite this, economic growth in China is still said to be exceptional, and many Australians continue to do business there. So what do you need to know about doing business with China?
Getting married overseas can be a dream, and with the plethora of bridal blogs and wedding writers reporting on destination weddings, it may feel like more and more couples are tying the knot abroad. But along with this apparent trend is the risk of doing the same as everyone else. So the big question for your big day is ‘how do I make my overseas wedding unique?’ At OFX, we’ve compiled a list of growing trends from the past few years to give you an idea of what others are doing to make their day that little bit more special.
At OFX we think it’s important to enjoy the fruits of your labour. When entering the next chapter in your life there’s always plenty to look forward to, but it’s important to make sure you’re well-prepared. We've complied some tips on how to save money, and general considerations to make when receiving your pension from abroad.
Overseas weddings are truly a dream come true. Whether white sandy beaches, stunning cliffs or backdrops on an awe-inspiring lakeside, the bride, groom and guests are bound be part of a very memorable occasion. But along with an ambitious overseas wedding comes the need for advanced planning. At OFX, we have assembled a list of key things to consider when tying the knot abroad. After all, you can never be too prepared when it comes to your big day.
There’s something very exciting about being an expat in a new country. There’s always so much to learn about your new home, but the key to being comfortable is getting clued up on emigration.
For expats in Australia, it can be crucial to send money back home in support of family and friends. At OFX, our minimum transfer amount of AUD$250 and competitive exchange rates means you’re never too far away to lend a helping hand to those who need it. As well as offering great exchange rates that can make your money stretch further at the other end, we’ve decided to put together a list of key considerations to make when sending money back home.
Studying in Australia is a unique experience that can enrich a young (or indeed adult) life. For international students carving out their future in Australia, the extreme excitement felt upon arrival is understandable. But along with this excitement is likely to be some trepidation, both from the student and their parents. At OFX, we bring peace of mind and reassurance by offering fee-free* money transfers and foreign exchange rates at a much lower rate than the banks.
Whether pure passion or a potential investment, high-value luxury items can range from supercars to yachts to private planes and expansive estates. Rare and unique collectibles from all over the world can often inspire you to make large transactions on luxury goods both at home and abroad. At OFX, we can help you save on those sizeable foreign currency purchases.
Whether you’re an importer making overseas payments to your supplier or an exporter with your sights set on overseas expansion, it’s important to manage your currency risk exposure. Here are some of our top considerations.
In Australia today, there is a significant increase in international import/export, and a growing global marketplace is the main reason for this. As such, there has never been a greater need for fast, secure and low-cost FX payments.
How do you know if your business needs to manage its currency risk?
The Aussie dollar has recently made a significant comeback against the US dollar. This change could make it easier for Australians to buy property overseas, but with increased opportunity comes risk and exposure to currency markets. Whether you’re interested in a retirement patch, a holiday home or a lucrative investment, you’ll want to avoid spending more money than necessary during the settlement and as you continue to maintain it.
For insight into the often-overlooked aspects of buying a property abroad Read More
How to budget to buy a property abroad and save money on holiday homes and investments with currency conversions.
Buying a home in a foreign country is both a major investment and an exciting opportunity, but sometimes the scale of the project can feel a little daunting. The key to successfully investing in foreign land or housing is knowing How to Budget.
Since we launched our OFX brand and website in December, we’ve had a ton of positive response, but some of you have gone the extra mile and offered your feedback on what we could make even better. Put simply: you spoke, and we listened.
Whether you’ve seen it on the news or witnessed its dramatic effects on our live Market Rates page, the European Union referendum has taken centre stage in recent months.
Follow us as we break down Brexit and its effects on British expats in Australia, plus the options available to our customers during these unpredictable times, Read more
We are excited to announce the winners of the OFX March 2016 Promotion offering 10 lucky customers the chance to win 1 of 10 $1,000 cash prizes by simply making an international payment of AUD5,000.00 (or equivalent) in March 2016.
Click here for the full list of winners
You might remember that at the end of last year we made a New Year’s resolution. Taking our experience and expertise as one of the world’s foremost foreign exchange services, we stepped into 2016 as the new and improved OFX.
We’re giving 10 lucky customers the chance to win $1000 in cash when they transfer money with us throughout the month of March. Got some money that needs sending? Transfer now for your chance to win!
Read more
We'd like to introduce OFX, the new name for OzForex. We're rolling out a new brand and a new website – we hope you enjoy using it.
So what else is new? Well, not much! We’ll still be delivering the same excellent service using the best-in-class payments platform we've been developing over the past 17 years. The only difference is that now we'll no longer be known as OzForex.
Chinese New Year is nearly here, meaning much of Asia will shut down in celebration of the year of the monkey. In 2016, Chinese New Year falls on 8th February – but much of mainland China will be closed for up to two weeks for festivities. If you have upcoming transfers to make, now’s the time to act.
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