Currency Online is a brand and trading name of HiFX Limited. HiFX is a global international payments specialist, with annual transactions in excess of USD $14 billion and with operations in the UK, North America, New Zealand and Australia.
CurrencyOnline provides a range of money exchange services that are structured to provide you with the most suitable option for your international money transfer. Whether sending money to friends or relatives, making a sizable personal purchase or paying a business for goods or services.
The most common service by customers of the Currency Online is a spot contact for sending money overseas for immediate use. You just need to select the amount you want to send and the chosen recipient. Once a rate is fixed and you transfer the AU amount, the CurrencyOnline then do the rest by transferring the amount money to your beneficiary.
A forward contract allows you to purchase currency now and pay later. This comes in very handy if you’re sure you want to transfer money in the future, but want to fix the rate of today to assist in helping you set a budget for future transactions. There is a minimum amount to use a forward contract, so you will need to consider this because an initial security deposit will be required to fix the agreement. Forward contracts at the CurrencyOnline are available in 15 currencies and can be scheduled anywhere from a week to six months in advance.
The CurrencyOnline also enable you to lock in a predestined exchange rate so when the market fluctuates and hits your rate, they will lock in the trade for you. This tool acts as an insurance so that you don’t miss the exchange rate you want. Their online platform also can review the market shifts and place or cancel currency orders. Once the market reaches your set agreed rate, you are then entered into a fixed contract.
To make a transfer using CurrencyOnline, it’s very simple. First, you’ll need to register for an account. This process takes around 5 minutes and you will need to fill in the online form, providing personal information such as name, address and contact information. The final step is to provide a proof of address, such as a bank statement utility bill and a form of I.D such as a drivers licence or passport. Once verified, you can then access your account with CurrencyOnline. Their online system provides comprehensive user guides and customer support to assist you.