BER Benchmark: OFX NZD FX Rates & Margins
BER Benchmark monitors OFX exchange rates across the NZD currency corridors tracked by BER. The current average margin versus the mid-market rate is 3.2%.
This average is based on the NZD 10,000 transfer rates currently monitored by BER across the available OFX currency corridors.
💡 It is important to note that these OFX rates are their public quoted rates and do not include our special BER/OFX deals rates which start at 0.5% for major currencies and improve for larger amounts. Please use our calculators to check these special rates and use our 'Visit OFX' links to secure these deals.
OFX - Lowest and Highest FX Margins
BER Benchmark ranks the OFX currency corridors currently monitored for New Zealand dollar transfers by their margin versus the mid-market rate. The tables below highlight the lowest-margin and highest-margin corridors for a NZD 10,000 transaction.
OFX New Zealand - Money-saving NZD exchange rates
OFX is a very competitive foreign exchange provider for New Zealanders living at home or abroad to use to move money globally.
OFX charge only a small (bank-beating) margin from the market mid-rate. If you register to be an OFX customer via the OFX 0.5% exclusive offer for BER users you’ll receive even better savings than when you register directly.
Deal to waive $15 transfer fee
OFX have one standard fee of NZD $15 if you’re transferring under NZD $10,000. If you’re transferring more than NZD 10,000, they don’t charge this fee.
BestExchangeRates has partnered with OFX in New Zealand to remove this fee with a zero fee promo ️
OFX Commonly Asked Questions
Is OFX safe?
Yes they are. OFX is an ASX listed company and is monitored by over 50 regulators globally.
OFX believes everyone deserves peace of mind when moving money globally, so maintaining and improving systems that help protect their clients' money is crucially important to them. OFX is committed to researching, developing and adopting leading digital security technologies to provide their clients with a safe and secure money transfer service.
OFX’s fraud system utilises a multi-layered approach. It monitors registrations, logins, and transactions to identify any suspicious activity, and also detects and prevents fraudulent apps that can target the platform and customers.
Passwords, security questions, and automatic time-outs help to keep customers’ identities and accounts protected from bad actors, and Secure Socket Layer (SSL) encryption creates a secure connection with customers’ browsers to protect personal information from being intercepted.
How long does it take?
OFX's global network of banking partners enables them to move your money efficiently, through some of the fastest payment schemes available globally.
OFX processes most major currency transfers within 1-2 business days from the time funds are received. Exotic currencies may take a little longer, but OFX keeps their clients updated along the way with email notifications when funds are received and paid out to the recipient.
You can also opt-in for SMS updates or even track your transfer with OFX by logging in online or on the OFX app.
What OFX deals are available through BestExchangeRates ?
OFX has partnered with BestExchangeRates to offer you or your business better deals, for example our popular OFX 0.5% exclusive offer for BER users .
You can read our full list of active OFX & BestExchangeRates Deals & Promotions.
Does OFX offer currency accounts for Online Sellers
OFX is an Amazon Payment Services Provider. Also receive payments from Afterpay, Klarna, Zip and more. You can collect your online seller global revenues in USD, EUR, GBP, CAD, AUD, SGD and HKD. Click here to find out more.
OFX Pros
- Great rates: Preferential exchange rates and $0 OFX fees on FX transfers
- OFXpert support: Talk to an OFXpert 24/7 day and night
- Global reach: Make transfers in 50+ currencies to over 170 countries
- Peace of mind: OFX is monitored by over 50 regulators globally
- Cashflow certainty: Fix FX rates for up to 12 months and transfer later
- Streamlined digital platform: Make and track your global money transfers online or with the OFX app.
- Long Standing company with vast FX experience
- FX forwards, bulk and recurring payments
- Member of Amazon Payment Services Provider Program
- OFX Global Currency Account for Business with Xero integration
OFX Cons
- Transfers to bank accounts only
- Higher minimum transfer sizes than some providers (150USD or local currency equivalent)
What Do Users Think of OFX?
At the time of writing this review thousands of Trustpilot reviewers had rewarded OFX a 5-star rating, and that should speak volumes. As you’d expect from any top firm in the payments industry, common themes within reviews relate to: “great exchange rates,” “excellent service,” “better than the banks,” “quick service” and “easy to get hold of,” among others.
You can read what our BER users think about their experience OFX International Money Transfer service in the article OFX User Reviews.
Please also share your own questions and insights that can help guide and inspire others in our community.
IMPORTANT: BestExchangeRates users, you can get $0 OFX fees* on all FX transfers when you sign up through our partner page.
Be aware that transferred funds might be subject to a third-party bank receiving fee. Such fees are entirely out of OFX’s control and OFX receives no part of them. You can phone OFX’s support line to seek further information on third-party fees.
Minimum transfer size USD $150 or equivalent. Please note that the receiving bank or intermediary bank may charge fees on transactions. There are zero OFX fees on transactions.
What is the
OFX Send Money conversion rate for NZD to PLN?
The OFX NZD to PLN exchange rate is 2.1781. This is -0.5% compared to the latest NZD-PLN mid-market rate 2.1891.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare New Zealand dollar (NZD) to Polish zloty (PLN) rates from different sources before making a conversion.
The above OFX - Kiwi to Zloty comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by OFX and other foreign exchange providers against the latest NZD-PLN mid-rate and the possible savings of using various providers.