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    OFX USD Exchange Rates Compared

    It's hard to predict the currency markets, but we help you save money by comparing OFX Dollar exchange rates and services to those offered by market leading FX providers.

    OFX at a glance

    OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.

    OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.

    OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.

    When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.

    *Minimum transfer amount apply. Please note that the receiving bank or intermediary bank may charge fees on transactions.


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    Learn more about OFX

    How much does OFX cost?

    OFX Exchange Rates - is a very competitive foreign exchange exchange that OFX use to move your money from one currency/country to another. It includes a small (bank-beating) margin. If you register to be an OFX customer through the BestExchangeRates partner page, you’ll receive preferential FX rates.

    OFX Fees - OFX has one standard fee of AUD$15 for transfers under AU$10,000. If you’re transferring more than AU$10,000, OFX won’t charge you a transfer fee. 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. If you register through the BestExchangeRates partner page, your transfers will be fee free *.

    What Savings Can I Expect?

    OFX offers exchange rates that beat the banks, and are close or equal to the rates offered by the industry’s lowest-cost services.

    With OFX, the cost of sending, for example, 5,000 US dollars to Australia equates to 0.5 percent of the transferred amount, or roughly US$25. You’d pay the same 0.5 percent for the same amount to be sent to Europe and around 1 percent if sending to India. This compares with 4–7 percent with the banks.

    For other currency routes we looked at (routes involving AUD, INR, GBP, EUR, SGD and USD), the average cost of an international payment with OFX was 0.6 percent of the transferred amount. This is exceptional if compared with banks but can be a little more expensive than what is charged by the industry’s lowest-cost services, although such services do not offer the same benefits and customer service as OFX.

    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.

    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.

    OFX Rate Calculator

    Note the margin in the below tool is compared to the current mid-rate for the selected currency pair. You can compare OFX rates change the currencies and send or receive amount with our full OFX Foreign Transfer calculator. This shows you how much you could save on your next foreign transfer by using a broker such as OFX rather than your bank.

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    Great OFX Services 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.


    *Minimum transfer amount apply. Please note that the receiving bank or intermediary bank may charge fees on transactions.

    Cheap & Easy Tax Payments to the ATO

    Paying the Australian Tax Office from overseas is easy with OFX. OFX has a connected payment service with the ATO meaning payments can now be paid in multiple currencies and reconciled directly using the ATO’s unique “PRN” (Payment reference Number) straight from the OFX platform.

    You no longer have to transfer money back to your Australian bank account, or pay with your credit card, saving money on FX fees and gaining extra convenience. Read more about OFX ATO Tax Payments.

    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)

    The table below shows OFX US dollar (USD) exchange rates with the percentage of margin being charged from the market mid-rate when they were published.

    OFX , 1USD=Foreign Transfers
    AED - UAE dirham3.5997 (2.02%)
    AUD - Australian dollar1.48 (1.59%)
    BND - Brunei dollar1.2751 (4.74%)
    CAD - Canadian dollar1.3313 (1.76%)
    CHF - Swiss franc0.8586 (2.1%)
    CNY - Chinese yuan6.8764 (2.8%)
    CZK - Czech Republic koruna21.5964 (1.96%)
    DKK - Danish krone6.6416 (2%)
    EUR - Euro0.8931 (1.76%)
    FJD - Fijian dollar2.1383 (3.93%)
    GBP - British pound0.7739 (1.63%)
    HKD - Hong Kong dollar7.6629 (1.76%)
    HUF - Hungarian forint336.0405 (2.07%)
    IDR - Indonesian rupiah14788.5388 (4.02%)
    ILS - Israeli New Sheqel3.5934 (2.51%)
    INR - Indian rupee80.3896 (3.61%)
    JPY - Japanese yen144.282 (1.92%)
    KRW - South Korean won1226.2717 (5.02%)
    KWD - Kuwaiti dinar0.3019 (2.09%)
    LKR - Sri Lankan rupee315.4672 (3.92%)
    MAD - Moroccan Dirham9.6395 (3.95%)
    MGA - Malagasy ariary4248.6018 (5.92%)
    MXN - Mexican peso16.7724 (2.07%)
    MYR - Malaysian ringgit4.4999 (3.28%)
    NOK - Norwegian krone10.3837 (2.18%)
    NZD - New Zealand dollar1.5849 (1.75%)
    OMR - Omani rial0.3739 (2.97%)
    PEN - Peruvian Nuevo sol3.5901 (3.25%)
    PGK - Papua New Guinean kina3.5497 (4.51%)
    PHP - Philippine peso53.3762 (3.7%)
    PKR - Pakistani rupee275.8742 (2.98%)
    PLN - Polish zloty3.8529 (1.88%)
    SAR - Saudi riyal3.6279 (3.38%)
    SBD - Solomon Islands dollar7.5389 (12.42%)
    SCR - Seychellois rupee12.5978 (4.38%)
    SEK - Swedish krona10.0698 (2.29%)
    SGD - Singapore dollar1.3065 (1.78%)
    THB - Thai baht33.9754 (2.1%)
    TOP - Tongan paanga2.1407 (10.5%)
    TRY - Turkish lira28.3197 (2.12%)
    TWD - New Taiwan dollar29.8262 (4.34%)
    VND - Vietnamese Dong22748.7634 (6.49%)
    VUV - Vanuatu vatu109.9744 (7.95%)
    WST - Samoan tala2.4926 (12.33%)
    XPF - CFP franc104.8263 (3.46%)
    ZAR - South African rand18.1816 (2.08%)
    Wed Nov 29, 2023 0:05 EST
    OFX Exchange Rates (% margins to midrate)

    Note that the above carded rates from OFX do not include any special BER deals that we have negotiated with some providers. To find these deals you can use the above exchange rate comparison tool.


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