AFEX is a staple in the international money transfer market with a strong industry presence since 1979. It trades more than $15 billion in foreign exchange each year. AFEX has ten office locations globally and specialises in providing expert knowledge, management solutions and forward planning for businesses, industries, and individuals.
AFEX Foreign Exchange rates
Rates and fees verified as correct at 05 December, 2020. Other information correct at the time of writing. Advertiser disclosure.
Because AFEX’s reach is so enormous internationally, it can get its hands on pretty much all currencies major and exotic, except those embargoed internationally. Compare today’s rates in the table below and head to AFEX for further details:
AFEX Rate 0.7363
At today's AFEX Rate, 1 AUD buys*
For 10,000 AUDrecipient will get
Australian Dollars (AUD)
United States Dollars (USD)
Great Britain Pounds (GBP)
Canadian Dollars (CAD)
Hong Kong Dollars (HKD)
Japanese Yen (JPY)
New Zealand Dollars (NZD)
Singapore Dollars (SGD)
South African Rand (ZAR)
Swiss Francs (CHF)
Must knows about transferring money with AFEX
Fees and costs involved: It’s free to sign up for an account with AFEX, and every client gets an Account Executive who discusses fees and costs involved with specific products and services.
Transfer limits: There is no maximum transfer.
Transfer speed: With Spot Value Contracts it can take up to 2 days from when your funds have been transferred to AFEX, but exotic currency transfers can take up to 4 days.
Transfer methods: In person at its Sydney office (for some services only), online, email, phone or fax.
Security: AFEX is covered by a professional indemnity insurance policy in case something happens with a third party involved or there is negligence on their part or on the part of AFEX employees.
AFEX Products and Services
AFEX have a range of IMT products for you to choose from for transferring and exchanging funds overseas. We’ve broken it down for you here below, but of course keep in mind that your Account Executive can give you plenty of advice on each type of transfer over the phone too.
Why choose AFEX for your international money transfers?
As you’ve probably realised by now, AFEX is an expert in the field of IMT with plenty of options and contracts for all your FX needs. As well as having so many currencies regular and exotic to choose from and getting your very own Account Executive, AFEX has offices you can visit and expert staff to help you with management solutions. All these extras make AFEX a big player in the money transfer industry in Australia and internationally. Here are some other reasons why you might want to choose AFEX to exchange and transfer your money:
You can make all your transactions online with AFEXDirect 24 hours a day. The trading platform is protected by Norton security so it is safe and secure to use.
AFEXDirect records your transaction history for you to view just like a regular online banking system, and being a part of it is free before you start to trade.
You have settlement options such as Wire Transfer, CHAPS, BACS, cheque and multiple settlement accounts and direct debit.
You get to talk to real people when you have questions about AFEX products and customer enquiries.
You have access to all the latest news and information about exchange rates and currency markets so you’re in the loop on when it’s a good time to transfer money.
AFEX use a delivery channel called SWIFT which makes transfers super fast and efficient.
How to transfer money with AFEX
It’s easy to open an AFEX account. All you need to do is to fill out the online form which requires copies of your ID documents. An Account Executive will call you once you set up an account, but you have no obligation to proceed with an international money transfer. Once you’re account is up and running, you can login to AFEXDirect to start your FX transactions.
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*The exchange rates offered by each provider are indicative exchange rates that have either been supplied by each provider or gathered by Mozo. Exchange rates fluctuate constantly and as a consequence the exchange rates listed here may vary to the actual exchange rate you are quoted by a provider. Please ensure you confirm the actual exchange rate with the relevant provider prior to conducting any transaction. These exchange rates are updated every hour.