​​When is the best time to send money, and what rate should I look for?

While timing the market depends on constant fluctuations, the key benchmark you must watch is the mid market rate. This is the true exchange rate and the precise value of one currency before any fees or margins are included. It’s often called the interbank rate because it’s the wholesale price banks use to trade among themselves. OFX aims to provide rates exceptionally close to this interbank rate, offering you a highly cost-effective alternative to traditional banks that apply significantly higher margins.