Unfortunately, there is no ‘best day to buy’. Exchanging foreign currency varies depending on the global demand and supply of goods and services, as well as political and economic conditions. So if you’re planning to send money to the Japan, there’s no better time than now.
OFX charges a market rate, plus a small markup. This market rate is essentially a ‘wholesale’ rate that’s available only to large financial institutions or those who purchase large volumes of currency like OFX. To calculate the cost to send money to Japan, use OFX’s transfer rate calculator.
No, bank money transfers are not recommended. Compared to OFX, local banks will charge you more expensive rates and higher transfer fees. This is because they pass on the cost of using a physical storefront to you.
If you need to send money in person, you can head to a money changer near you. Here are our local city guides to find the best exchange rate: Sydney – The best rates and competitive transfer fees in Sydney are found on Pitt Street, George Street or occasionally in Haymarket. Melbourne – Money changers are located near Flinders Street Station in Melbourne, with the exception of United Currency in QV. Adelaide – Most money transfer locations in Adelaide are located on King William Street. Perth – You can send money through Ria Money Transfer, located in Morley, and Hai […]
You’ll need your recipient’s International Bank Account Number (IBAN) and Bank Code (BIC/SWIFT). We do not need your recipient’s email address or recipient’s phone number.
Yes, sending money to the United Kingdom with OFX is secure. The platform uses bank-level encryption, secure logins, and transaction monitoring to protect your funds and personal information. Additionally, OFX is a regulated financial institution, giving you peace of mind that your money is in safe hands.
Like all reputable money exchanges, we are registered with AUSTRAC and regulated by the Australian Securities and Investment Commission (ASIC).
S Money complies with the relevant laws pertaining to privacy, anti-money laundering and counter-terrorism finance. This means you are required to provide I.D. when you place an order. It also means the order must be paid for by the same person ordering the currency and you must show your identification again when receiving your order.
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