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 0.3762 AUD » AED 2.6585
CAD » AUD 1.0648 AUD » CAD 0.9391
CHF » AUD 1.4296 AUD » CHF 0.6995
CNY » AUD 0.2012 AUD » CNY 4.9713
DKK » AUD 0.2174 AUD » DKK 4.6008
EGP » AUD 0.0770 AUD » EGP 12.9808
EUR » AUD 1.6210 AUD » EUR 0.6169
GBP » AUD 1.8090 AUD » GBP 0.5528
HKD » AUD 0.1766 AUD » HKD 5.6641
ILS » AUD 0.3857 AUD » ILS 2.5926
INR » AUD 0.0190 AUD » INR 52.7080
JPY » AUD 0.0122 AUD » JPY 81.7860
KWD » AUD 4.5434 AUD » KWD 0.2201
MXN » AUD 0.0727 AUD » MXN 13.7563
NOK » AUD 0.1695 AUD » NOK 5.9000
NZD » AUD 0.9158 AUD » NZD 1.0919
PHP » AUD 0.0254 AUD » PHP 39.3310
PLN » AUD 0.3772 AUD » PLN 2.6512
SEK » AUD 0.1568 AUD » SEK 6.3769
SGD » AUD 1.0094 AUD » SGD 0.9907
THB » AUD 0.0425 AUD » THB 23.5040
TRY » AUD 0.2242 AUD » TRY 4.4612
USD » AUD 1.3789 AUD » USD 0.7252
XCD » AUD 0.5114 AUD » XCD 1.9554
XPF » AUD 0.0136 AUD » XPF 73.6090

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.