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 0.3423 AUD » AED 2.9217
BBD » AUD 0.6287 AUD » BBD 1.5905
CAD » AUD 1.0098 AUD » CAD 0.9903
CHF » AUD 1.3080 AUD » CHF 0.7645
DKK » AUD 0.2067 AUD » DKK 4.8372
EUR » AUD 1.5401 AUD » EUR 0.6493
FJD » AUD 0.6229 AUD » FJD 1.6053
GBP » AUD 1.7316 AUD » GBP 0.5775
HKD » AUD 0.1604 AUD » HKD 6.2342
INR » AUD 0.0196 AUD » INR 51.0260
JPY » AUD 0.0114 AUD » JPY 87.9820
KWD » AUD 4.1701 AUD » KWD 0.2398
LKR » AUD 0.0082 AUD » LKR 121.8700
MXN » AUD 0.0669 AUD » MXN 14.9531
NZD » AUD 0.9117 AUD » NZD 1.0968
PHP » AUD 0.0248 AUD » PHP 40.2610
PLN » AUD 0.3693 AUD » PLN 2.7079
SGD » AUD 0.9504 AUD » SGD 1.0522
THB » AUD 0.0393 AUD » THB 25.4320
TRY » AUD 0.3302 AUD » TRY 3.0281
USD » AUD 1.2547 AUD » USD 0.7970
XCD » AUD 0.4655 AUD » XCD 2.1480
ZAR » AUD 0.1024 AUD » ZAR 9.7630

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.