best international money transfer services to use this Christmas

The best international money transfer services to use this Christmas

Find the best exchange rates for your international funds transfer when you give the gift of money this Christmas.

Instead of spending hours trying to think of the perfect gift ideas for your friends and family this Christmas, why not give cash? Rather than unwrapping another pair of socks or pyjamas they don’t need, your loved ones can use the money you give them to buy whatever it is they really want.

But if your friends and family are overseas this Christmas, you’ll need to send an international money transfer to spread the Christmas cheer. However, before you can put your Santa hat on and start sending money to your loved ones, you need to shop around for the money transfer provider that offers the best value for money.

We looked at every money transfer provider on finder.com.au and ranked them by the best value exhange for sending $300 to every country available. The table below will show you the top 2 deals for sending money to each country.

The best value money offers for a $300 Christmas money transfer

RegionAmount for $300 AUDProvider
Canada$301Exclusive: OFX (Ozforex) International Money Transfers
Canada$297Exclusive: CurrencyFair International Money Transfers
China$1,541Exclusive: OFX (Ozforex) International Money Transfers
China$1,280FC Exchange International Money Transfers
Czech Republic$5,665Exclusive: OFX (Ozforex) International Money Transfers
Czech Republic$5,592Exclusive: CurrencyFair International Money Transfers
Denmark$1,558Exclusive: OFX (Ozforex) International Money Transfers
Denmark$1,538Exclusive: CurrencyFair International Money Transfers
European Union$209Exclusive: OFX (Ozforex) International Money Transfers
European Union$207Exclusive: CurrencyFair International Money Transfers
Hong Kong$1,732Exclusive: OFX (Ozforex) International Money Transfers
Hong Kong$1,710Exclusive: CurrencyFair International Money Transfers
Hungary$64,905Exclusive: OFX (Ozforex) International Money Transfers
Hungary$64,072Exclusive: CurrencyFair International Money Transfers
India$15,272Exclusive: OFX (Ozforex) International Money Transfers
India$14,573Currency Online International Money Transfers
Israel$862Exclusive: OFX (Ozforex) International Money Transfers
Israel$781FC Exchange International Money Transfers
Japan$24,972Exclusive: OFX (Ozforex) International Money Transfers
Japan$23,937Currency Online International Money Transfers
Malaysia$995Exclusive: OFX (Ozforex) International Money Transfers
Mexico$4,595Exclusive: OFX (Ozforex) International Money Transfers
Mexico$4,394Currency Online International Money Transfers
New Zealand$315Exclusive: OFX (Ozforex) International Money Transfers
New Zealand$311Exclusive: CurrencyFair International Money Transfers
Norway$1,881Exclusive: CurrencyFair International Money Transfers
Norway$1,866TorFX International Money Transfers
Phillipines$11,113Exclusive: OFX (Ozforex) International Money Transfers
Phillipines$10,604Currency Online International Money Transfers
Poland$926Exclusive: OFX (Ozforex) International Money Transfers
Poland$914Exclusive: CurrencyFair International Money Transfers
Singapore$318Exclusive: OFX (Ozforex) International Money Transfers
Singapore$314Exclusive: CurrencyFair International Money Transfers
South Africa$3,124Exclusive: OFX (Ozforex) International Money Transfers
South Africa$3,084Exclusive: CurrencyFair International Money Transfers
Sweden$2,052Exclusive: OFX (Ozforex) International Money Transfers
Sweden$2,025Exclusive: CurrencyFair International Money Transfers
Switzerland$225Exclusive: OFX (Ozforex) International Money Transfers
Switzerland$223Exclusive: CurrencyFair International Money Transfers
Thailand$7,938Exclusive: OFX (Ozforex) International Money Transfers
Thailand$7,574Currency Online International Money Transfers
United Arab Emirates$820Exclusive: OFX (Ozforex) International Money Transfers
United Arab Emirates$810Exclusive: CurrencyFair International Money Transfers
United Kingdom$178Exclusive: OFX (Ozforex) International Money Transfers
United Kingdom$176Exclusive: CurrencyFair International Money Transfers
United States$223Exclusive: OFX (Ozforex) International Money Transfers
United States$220Exclusive: CurrencyFair International Money Transfers

Methodology: All prices current as of time of writing, November 30. Actual amounts may vary.

Why give an international money transfer as a gift?

Are you stuck for gift ideas for your friends and family? Unsure of what to get someone who already has everything? Sending an international money transfer is a great way to spoil your loved ones this Christmas because:

They can go on a shopping spree

Choosing the right presents can be an incredibly difficult and time-consuming chore, but sending money means your loved ones can use your gift to get whatever it is they really want for Christmas.

They can save or invest

If they already have everything they want, your loved ones can instead put the money you send them in a high-interest savings account or invest it in shares or a managed fund. In this way they can turn your small gift into a much larger one.

It’s the thought that counts

You don’t need to worry about money being too impersonal; most people will love finding some extra cash in their Christmas stocking.

You know they’ll use it

Rather than spending money on a present your recipient may never use, when you send an international money transfer you can be sure your gift will be put to good use.


Giving money also has benefits for you

It’s quick

You could spend days shopping for the right gift and still come up short, but you can organise an international money transfer within minutes.

It’s easy

Sending an international money transfer is easy and convenient, and you can do it all online.

It’s affordable

Thanks to specialist online transfer providers that offer competitive exchange rates and low transaction fees, it’s now more affordable than ever before to send money overseas.

What are the best international money transfer services to use this Christmas?

If you want to send money overseas this Christmas, it’s vital to compare transfer providers and shop around for the one that offers the best exchange rate. To help make your choice easier, we compared the exchange rates on offer from some of Australia’s leading money transfer providers when you want to send AUD$300 to transfer destinations all around the world.

The full results of our survey are shown in the table below, but some of the highlights include:

Send money to India

OFX offers the best rate if you want to send an international money transfer to India this Christmas, allowing you to send 15,272 Indian rupees (INR). Currency Online is the next best, transferring 14,573 INR for AUD$300.

Send money to China

The best exchange rate is offered by OFX, which allows you to send 1,541 Chinese yuan (CNY) for AUD$300. Second place goes to FC Exchange, which will transfer 1,280 CNY for the same amount of AUD.

Send money to Europe

If you need to send AUD to Europe, AUD$300 will let you send 209 euros (EUR) with OFX or 207 EUR with CurrencyFair.

Send money to the United Kingdom

OFX again finishes on top here, with its high exchange rate allowing you to convert AUD$300 to 178 GBP. CurrencyFair finishes a close second once again, with 176 GBP.

Send money to the United States

If you want to send money to the USA this Christmas OFX offers the best deal, converting AUD$300 to USD$223. CurrencyFair was just behind, offering a transfer amount of USD$220.

Send money to New Zealand

OFX beats out CurrencyFair once again for transfers across the ditch, with a transfer amount of NZD$315 compared to CurrencyFair’s NZD$311.

The winner: OFX

The clear winner of our comparison was OFX, which offered a superior exchange rate and therefore the best value for money to every country tested except Norway. OFX offers exclusive exchange rates to finder.com.au customers, allowing you to purchase more foreign currency with your AUD.

OFX also doesn’t charge any online transfer fees for finder.com.au customers, which means better value for money for you. So if you want to send an international money transfer as a gift this Christmas, do your bank balance a favour and check out OFX’s convenient and affordable transfer service.

The latest articles in foreign exchange

How to find the best international money transfer provider this Christmas

There are several factors you need to consider when choosing the international money transfer provider to help you “deliver” your Christmas presents this year, including:

The exchange rate

The higher the exchange rate, the more money will stay in your pocket and the more your loved ones will receive. Look for a provider that consistently offers superior exchange rates for the countries to which you want to send funds.

The transfer fee

Some companies charge flat fees no matter what the size of your transfer, while others charge a transaction fee calculated as a percentage of the amount you send. A few providers will even waive their fees on large transfer amounts.

Supported currencies

Check out the list of the currencies that each provider allows you to transfer and make sure that you will be able to send money to all your loved ones around the world.

How to send money

Does the provider only offer online transfers, or can you also lodge them over the phone or using a smartphone app for added convenience? If you want to send cash rather than a bank transfer, is this an option?

Processing time

How long will it take for the money you send to arrive to your recipient? This could be a crucial factor if you’re a last-minute gift giver and time is of the essence.

Customer support

If something ever goes wrong with a transfer, will you be able to access the support you need quickly and with a minimum of fuss?


By taking these factors into account, you’ll be able to find the right transfer provider and enjoy big savings when you send international money transfers to your loved ones this Christmas.

Tim Falk

A freelance writer with a passion for the written word, Tim loves helping Australians find the right home loans and savings accounts. When he's not chained to a computer, Tim can usually be found exploring the great outdoors.

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International Money Transfer Offers

Important Information*
TorFX International Money Transfers

TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies. Once registered, you'll be assigned an Account Manager who can provide support and guidance.

Exclusive: OFX (Ozforex) International Money Transfers

Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.

Exclusive: WorldFirst International Money Transfers

Chinese New Year Offer - receive $20 credit in your account (T&C's apply) Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.

FC Exchange International Money Transfers

FC Exchange can save you money with its Best Exchange Rate Guarantee. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies.

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