Our flat rate transfer fee is now a thing of the past. Our customers can enjoy international money transfers with zero OFX transfer fees. No gimmicks, no catch. OFX fees not included in the conversion amounts shown above.
This fee may vary and OFX receives no portion of it. There are 3 major types of exchange rates systems which governments employ to determine the market value of their currencies. Can't find your currency? Let us know which currency you would like to make a transfer with and we'll let you know when it becomes available. This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person.
OFX makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this website.
Interbank rates, also commonly referred to as market rates, are the official live conversion rates for a given currency pair. The interbank rate is the constantly fluctuating price at which banks trade currencies with each other. At OFX, our margins are substantially less, so the more you use our service the more you save. Types of Exchange Rates There are 3 major types of exchange rates systems which governments employ to determine the market value of their currencies.
Most major and relatively stable currencies employ a floating exchange rate or fluctuating exchange rate , which are determined by the forces of supply and demand.
The value of the currency is determined by market factors including interest rates, consumer and inflation data, political climate and fluctuations in the value of critical exports.
Managed float exchange rates. Countries employing a managed float include Indonesia and Singapore. A fixed exchange rate regime ties the value of the currency to the fluctuations of another currency. The Hong Kong dollar and U. Log in to see the live rates for yourself. Make an informed decision and make the most of your money.
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