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 24 January, 2019. 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 0.7114 USD 7,114
Euros (EUR) EUR
EUR 0.6248 EUR 6,248
Great Britain Pounds (GBP) GBP
GBP 0.5438 GBP 5,438
Canadian Dollars (CAD) CAD
CAD 0.9492 CAD 9,492
Chinese Yuan (CNY) CNY
CNY 4.8518 CNY 48,518
Danish Krone (DKK) DKK
DKK 4.6656 DKK 46,656
Hong Kong Dollars (HKD) HKD
HKD 5.5811 HKD 55,811
Indian Rupee (INR) INR
INR 50.861 INR 508,610
Indonesian Rupiah (IDR) IDR
IDR 10134.3909 IDR 101,343,909
Japanese Yen (JPY) JPY
JPY 77.8973 JPY 778,973
Malaysian Ringgit (MYR) MYR
MYR 2.9561 MYR 29,561
New Zealand Dollars (NZD) NZD
NZD 1.0474 NZD 10,474
Norwegian Krone (NOK) NOK
NOK 6.0927 NOK 60,927
Philippine Peso (PHP) PHP
PHP 37.4875 PHP 374,875
Saudi Riyal (SAR) SAR
SAR 2.6799 SAR 26,799
Singapore Dollars (SGD) SGD
SGD 0.9663 SGD 9,663
South African Rand (ZAR) ZAR
ZAR 9.833 ZAR 98,330
Swedish Krona (SEK) SEK
SEK 6.4138 SEK 64,138
Swiss Francs (CHF) CHF
CHF 0.7076 CHF 7,076
Thai Baht (THB) THB
THB 22.5459 THB 225,459
UAE Dirham (AED) AED
AED 2.6245 AED 26,245

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


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.