HiFX Money Transfer & Exchange Rates

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HiFX

HiFX is an online foreign exchange platform that prides itself on offering better rates than banks and great customer service.


Online Money Transfers

HiFX allows individuals and businesses to make an international money transfer through their online platform, for many reasons, including; paying overseas bills, paying suppliers, emigrating etc. You select the currencies, the amount you wish to transfer and enter the recipient’s details - the platform will do the rest. In your account, you can track your payments 24 hours a day, 7 days a week. HiFX give you live rates and you can lock in your exchange rate to ensure the amount to be received.

Larger Transfers

HiFX will provide a dedicated account manager for users who make larger payments overseas. The account manager will work with you to understand your needs and suggest the best options to make your transfers cost effective. This includes forward contracts (allowing you to lock in the rate for 12 months) and market contracts.

KEY INFORMATION

Transfer Limits

For a one-off payment, the minimum transfer amount is $50. If you use the service regularly, there is a monthly minimum of $500. There is a maximum transfer limit of $1,000 if you use the online service. To make larger transfers you will need to contact HiFX over the phone. There is no limit on phone transfers.

Transfer Time

The time will vary depending on the amount you are transferring and the currencies you wish to exchange. You can use HiFX’s transfer time estimator for specific transfer times. Most transfers are typically completed within 1-3 working days.

Transfer Fees

There is a standard $15 fee per trade less than $10,000. All trades over $10,000 are free of charge. It is worth noting that although HiFX make no further charges, the recipient may be charged a fee by their bank for receiving the funds.

MORE INFORMATION ABOUT HiFX

How a transfer can be made:



 

You will need to create an account with HiFX before you can make an international money transfer. The sign-up process is simple and takes around 5 minutes to complete. You will need to provide proof of identity before HiFX send you an email to confirm your account. If you are making a transaction for a company, a company account will need to be created instead of a personal one. The signup process will differ slightly but will still be very simple.

 

PROS

  • Very competitive rates 
  • Clear fee structure
  • Access to over 60 countries
  • Bank level security
  • Available 24/7

CONS

  • Low Maximum transfer limit online
  • Higher fee compared to other FX providers 

Rates table

AED » AUD 0.3685 AUD » AED 2.7139
BBD » AUD 0.6746 AUD » BBD 1.4824
BHD » AUD 3.5971 AUD » BHD 0.2780
CAD » AUD 1.0225 AUD » CAD 0.9780
CHF » AUD 1.3585 AUD » CHF 0.7361
CNY » AUD 0.2093 AUD » CNY 4.7770
CZK » AUD 0.0609 AUD » CZK 16.4070
EGP » AUD 0.0756 AUD » EGP 13.2315
EUR » AUD 1.5713 AUD » EUR 0.6364
FJD » AUD 0.6470 AUD » FJD 1.5456
GBP » AUD 1.7912 AUD » GBP 0.5583
HKD » AUD 0.1721 AUD » HKD 5.8099
ILS » AUD 0.3712 AUD » ILS 2.6940
INR » AUD 0.0198 AUD » INR 50.5000
JPY » AUD 0.0123 AUD » JPY 81.5310
KWD » AUD 4.4444 AUD » KWD 0.2250
MXN » AUD 0.0657 AUD » MXN 15.2140
NOK » AUD 0.1663 AUD » NOK 6.0122
NZD » AUD 0.9362 AUD » NZD 1.0681
SEK » AUD 0.1533 AUD » SEK 6.5237
SGD » AUD 0.9997 AUD » SGD 1.0003
THB » AUD 0.0413 AUD » THB 24.1850
TRY » AUD 0.2871 AUD » TRY 3.4831
USD » AUD 1.3508 AUD » USD 0.7403
XPF » AUD 0.0131 AUD » XPF 76.1870
ZAR » AUD 0.0989 AUD » ZAR 10.1159

ABOUT THE COMPANY

HiFX was founded in the UK in 1998, and is part of Euronet Worldwide, the 3rd largest money transfer company in the world. HiFX gives access to 60 currencies and over 170 countries. They are authorised by ASIC and have transferred over $200 billion since conception, processing over 36 million transactions a year.

What are you waiting for?

If you need to make an internation payment, look no further. Join the 111,000+ clients around the world who are benefitting from our services.