HiFX

HiFX

About HiFX

Like many of the new online international money transfer providers in Australia, HiFx started out in the UK. It was founded in 1998 and is part of Euronet Worldwide, the third largest money transfer company in the world, having transferred over $200 billion. Here in Australia, HIFX is authorised by the Australian Securities and Investments Commission and the FMA. By minimising unnecessary banking overheads and investing in technology, HiFx offers companies and individuals looking to transfer money overseas better exchange rates than the banks. HiFx also hangs its hat on providing exceptional customer service to its customers. Why not test them out for your next international money transfer?

Comparing HiFx foreign exchange rates

Rates and fees verified as correct at 03 December, 2016. Other information correct at the time of writing.

No matter where you want to send money in the world, HiFx can in all likelihood help. It trades in 60 world currencies, which gives you the massive ability to be able to transfer money to over 170 countries. See what today’s exchange rates are for some of the most popular currencies with Mozo’s table below.

Currency At today's HiFX Rate, 1 AUD buys* For 10,000 AUD recipient will get
United States Dollars (USD)USD
USD 0.7412 USD 7,412 Go to site
Euros (EUR)EUR
EUR 0.6955 EUR 6,955 Go to site
Great Britain Pounds (GBP)GBP
GBP 0.5858 GBP 5,858 Go to site
Canadian Dollars (CAD)CAD
CAD 0.9859 CAD 9,859 Go to site
Chinese Yuan (CNY)CNY
CNY 5.1274 CNY 51,274 Go to site
Danish Krone (DKK)DKK
DKK 5.1741 DKK 51,741 Go to site
Hong Kong Dollars (HKD)HKD
HKD 5.7488 HKD 57,488 Go to site
Indian Rupee (INR)INR
INR 50.6678 INR 506,678 Go to site
Indonesian Rupiah (IDR)IDR
IDR 10030.1211 IDR 100,301,211 Go to site
Japanese Yen (JPY)JPY
JPY 84.3758 JPY 843,758 Go to site
Malaysian Ringgit (MYR)MYR
MYR 3.3222 MYR 33,222 Go to site
New Zealand Dollars (NZD)NZD
NZD 1.0397 NZD 10,397 Go to site
Norwegian Krone (NOK)NOK
NOK 6.2419 NOK 62,419 Go to site
Philippine Peso (PHP)PHP
PHP 36.775 PHP 367,750 Go to site
Saudi Riyal (SAR)SAR
SAR 2.7922 SAR 27,922 Go to site
Singapore Dollars (SGD)SGD
SGD 1.0537 SGD 10,537 Go to site
South African Rand (ZAR)ZAR
ZAR 10.3329 ZAR 103,329 Go to site
Swedish Krona (SEK)SEK
SEK 6.819 SEK 68,190 Go to site
Swiss Francs (CHF)CHF
CHF 0.7498 CHF 7,498 Go to site
Thai Baht (THB)THB
THB 26.392 THB 263,920 Go to site
UAE Dirham (AED)AED
AED 2.7348 AED 27,348 Go to site

HiFx money transfer essentials

It’s totally free to set up an account with HiFx and you are under no obligation to make any trade once your account is established. You can sit back and wait for when the time is right to transfer money to your overseas destination or jump right onto the online platform and transfer money immediately.

The essentials you need to keep in mind are:

Minimum transfer amount. 

The lowest amount you can transfer using HiFx is $50 for a single transaction and if you are making regular payments the minimum transfer amount is $500 a month.

Maximum transfer limit. 

If you want to do your trade online the maximum you’ll be able to transfer in one hit is $1,000,000. You can transfer higher amounts via phone with one of HiFx’s dealers.

Fees. 

Transfers over $10,000 are free or there is a flat rate of $15 per trade (though your first one will be free). You may also be charged a fee by the bank at the recipient's end.  

Transfer speed. 

It all depends on how much you’re transferring and to where but most HiFx transfers take between 1-3 days.


Types of international money transfers HiFx offers

Whether you need to make a small money transfer or a large one, HiFx can help get your money overseas fast and securely.

Some reasons why you may need to transfer money include:

Online transfers Online transfers 

HiFx Online is the online platform customers use when they need to send money quickly and easily. It gives you access to live rates so that you can lock in your trade when the time is right for you. The transfer process is easy - select the amount you want transferred, currency and  recipient. Rate is locked in and you transfer the AU amount to HiFx, then they send the money to your recipient's account.  HiFx Online gives you the ability to transact, manage your account and track your payments quickly and easily 24 hours a day, 7 days a week, and it uses Norton Security so you’re fully protected online.

Larger transfersLarger transfers

When you’re making a larger transfer, say in the instance you’re buying property or repatriating funds, the timing of your transfer is extremely important, as even a small percentage point difference in exchange rate can make a very big difference to your bottom line. For larger transfers, HiFx will provide you with a dedicated dealer who will get to know your requirements and advise you on the best transfer options available.Some of the additional services you can take advantage of include forward contracts, where you can lock in a rate up to 12 months in advance, and market contracts.


What you’ll get when you use HiFx for your international money transfer

Visit HiFX website

Go to site

How to make an international money transfer with HiFx

The process for setting up an account will be slightly different if you are signing up for a personal account or a business account. Both options are free to set up and take around 5 minutes. You’ll need to provide proof of identity or your address to get an account set up and in most instances this can be done electronically.

You won’t believe how simple it is to make an international money transfer:

  1. Log in to your account
  2. Confirm currency or currencies you would like to exchange
  3. Enter the amount you want to transfer
  4. Tell HiFx where to send the currency
  5. Confirm payment details
  6. Agree on the exchange rate and total cost
  7. Transfer your payment via bank transfer to HiFx
  8. HiFx will advise you when your payment has been received
  9. HiFx will advise you when your payment has been sent. Allow 1-4 days for the beneficiary bank to credit the account

Some other important must knows:


Compare International Money Transfer from major brands including:

TO

* 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.