Best Exchange Rates

Save Money with Regular Overseas payments

Setting up regular international payments is easy and can save you time and money

If you have recurring overseas transfers to make, consider automating them to simplifying your personal administration and save time in the process. Whether that be for paying an overseas mortgage, receiving a foreign pension, or paying for overseas tuition fees for your children, whatever the cause may be, this can be done with ease through using a specialist foreign exchange service provider like TorFX, World First, or OFX.

By setting up an automated regular overseas payment, you don’t have to remember to make the transaction each month. To really optimise on your foreign currency transfers each month, it is prudent to have a strategy. With a specialist FX service provider, you will have somebody to help you to ascertain which foreign transfer solution will best suit your circumstances. To follow are some options to consider.

Fixed Regular Payments

Also known as forward contracts. This enables you to fix the exchange rate that you receive for a certain period. The maximum period you can fix it for can vary, for example World First will fix the exchange rate for up to 2 years so if you do see a favourable exchange rate and want to make your budgeting predictable and risk free from a volatile currency market, this is a good option to consider.   Example: You are working overseas and need to pay off your mortgage back home each month. The amount you have to pay to your mortgage provider is fixed and you would also like to fix the amount that you pay each month in local currency. Fixing the payment provides certainty on what you will be paying each month for the house.

Non-Fixed Payments

If you have a fixed amount to send overseas each month, you can benefit from a non-fixed payments where the exchange rate is not locked in upfront. Instead, the rate will be based on the live exchange rate on the day. If you’re ready to transact and keen to get it done this could be the best option for you. The specialist fx providers will often also provide you with a best rate guarantee. World First currently offer this.  Example: You are temporarily living in the USA and want to send USD2,000 of savings back home every month.

Firm Orders

Setting the parameters of your regular money transfer is also possible with World First.  A good situation where you would use this is if you know the rate you want or know the rate you definitely don’t want. World First will only take action and book the exchange for you within the parameters so no need for you to keep tabs on what’s going on. This gives you the added protect from the markets if it moves against you but you don’t have to put in the time.


BER Newsletter

Subscribe for the latest exchange rates, currency news and special offers directly to your inbox.

Best Exchange Rates - We make it Easy to Compare Exchange Rates & Fees of Banks and Currency Exchange & Payment Providers

Wynyard Green, 4 & 5/11 York St, Sydney NSW 2000

Disclaimer | Copyright | Privacy Statement


Best Exchange Rates is an information only service. By browsing on the website, using our comparison tools or FX provider referral service, you are asking Best Exchange Rates to provide you with information about currency exchange products & services from multiple financial institutions.

We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product.

If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with Best Exchange Rates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details.

Best Exchange Rates may receive fees or other benefits in relation to activity on the Best Exchange Rates website. Best Exchange Rates may receive remuneration for vendor referral links. Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.

Read our Full Terms of Service


This website and its contents are the copyright of BEST EXCHANGE RATES PTY LTD © 2009-17. All rights reserved.

Any redistribution or reproduction of part or all of the contents in any form is prohibited other than the following. You may print or download contents to a local hard disk for your personal and non-commercial use only. You may copy some extracts only to individual third parties for their personal use, but only if you acknowledge the website as the source of the material.

You may not, except with our express written permission, distribute or commercially exploit the content. You may not transmit it or store it on any other website or other form of electronic retrieval system.

For more details or request distribution right please contacxt us here.