What is a currency converter?
Our online currency converter is a quick and easy way to see live exchange rates at the click of a button. You don’t need to contact your bank or log into your account – simply choose from our list of over 50 global currencies to instantly find the live exchange rates you want.
Exchange rates change all the time, and our live currency converter updates with it, making it the ideal tool to keep your eye on the value of any given currency. You don’t even need an account with us; just select the currency pair you want to see and our inbuilt exchange rate calculator will give you their latest values.
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 that banks borrow and lend to each other at. This is usually made in large amounts over short-loan periods. These loans are made at a low interest rate reserved for financial institutions.
This means that only banks and registered money lenders will receive global currencies at the market rate.
The customer rate is made up of the market rate plus the given profit margin of a financial company. While the banks have some of the most inflated margins and transfer fees, at OFX, we keep our margins modest to offer the most competitive rates, which saves you money.
1. Sign up & lock-in your transfer
Simply tell us how much you’re transferring, which currency and who to send it to.
2. Send us your funds
We accept wire transfers from your bank account or you can apply to set up an ACH direct debit.
No cash, credit card, checks or bank drafts.
How do I send my money at a good rate?
Our competitive customer rates are often more favorable than the rates offered by banks. They also come with low or no transfer fees*. Our team of dedicated customer service agents are available 24/7 to answer any questions and 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.
When it matters, OFX it.
*Occasionally, third-party banks may deduct a fee from your transfer before paying your recipient. This fee may vary and OFX receives no portion of it.
Save time and money when you OFX it
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