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

BHD » AUD 3.8805 AUD » BHD 0.2577
CAD » AUD 1.0760 AUD » CAD 0.9294
CHF » AUD 1.4453 AUD » CHF 0.6919
CNY » AUD 0.2098 AUD » CNY 4.7667
CZK » AUD 0.0627 AUD » CZK 15.9430
EGP » AUD 0.0859 AUD » EGP 11.6406
EUR » AUD 1.6218 AUD » EUR 0.6166
FJD » AUD 0.6707 AUD » FJD 1.4909
GBP » AUD 1.8359 AUD » GBP 0.5447
HKD » AUD 0.1847 AUD » HKD 5.4130
HUF » AUD 0.0050 AUD » HUF 201.2600
ILS » AUD 0.4018 AUD » ILS 2.4887
JPY » AUD 0.0132 AUD » JPY 75.5670
KWD » AUD 4.7710 AUD » KWD 0.2096
LKR » AUD 0.0083 AUD » LKR 120.8800
MAD » AUD 0.1495 AUD » MAD 6.6892
MXN » AUD 0.0761 AUD » MXN 13.1354
NOK » AUD 0.1657 AUD » NOK 6.0348
NZD » AUD 0.9454 AUD » NZD 1.0577
PGK » AUD 0.4302 AUD » PGK 2.3246
PHP » AUD 0.0276 AUD » PHP 36.1910
SGD » AUD 1.0514 AUD » SGD 0.9511
USD » AUD 1.4497 AUD » USD 0.6898
XCD » AUD 0.5375 AUD » XCD 1.8605
ZAR » AUD 0.1001 AUD » ZAR 9.9913

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.