CurrencyFair international money transfers

A simple and competitive way to exchange currencies.

CurrencyFair is a peer-to-peer currency exchange service which offers a cheaper alternative to exchanging currencies at a bank or other similar service. CurrencyFair estimates that they can save consumers up to 90% on a currency exchange because of their unique peer-to-peer model, which sees your funds traded to other users without the high fees.

3 Free transfers after your first transfer

If you sign up using finder.com and make your first transfer, CurrencyFair will give you 3 free transfers.

Product NameCurrencyFair International Money Transfers
Min. Transfer AmountEUR 3
Max. Transfer AmountEUR 10,000,000
Transfer MethodsOnline
Transfer OptionsOne off payments
Transfer Speed
Minimum transfer time
1 - 2 days
Customer ServicePhone, Email
Available CurrenciesAED, AUD, CAD, CHF, CLP, CZK, DKK, EUR, GBP, HKD, HUF, ILS, INR, NOK, NZD, PLN, SEK, SGD, USD, ZAR
Online Transfer FeeEUR 3
Exchange Rate UpdatesReal time

CurrencyFair’s exchange rates

CurrencyFair utilizes a system where your currency is traded to others who want it. In exchange for this transparent system, CurrencyFair adds a small fee and margin to each transfer. These added costs are usually much smaller than the charges of other banks and exchange brokers. CurrencyFair also gives you the option to send your money to their site and then wait for the exchange rate that you want.

Rates last updated June 18th, 2019
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
CurrencyFair International Money Transfers
EUR 3
1 - 2 days
Online
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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What currencies are available?

CurrencyFair has a large range of currencies available for trade. These include:

Who can use CurrencyFair?

CurrencyFair is available for both business and personal use. CurrencyFair can be helpful to many people including:

  • International students. Living and studying overseas is expensive without having to factor in poor currency exchange rates and high fees.
  • Property owners. Owning an overseas property means you have to make payments regularly. CurrencyFair can save you money over the course of your mortgage repayments. Considering most home loans are paid out over 20 – 30 years, this can be a huge saving.
  • Retired expat . If you are retired and living overseas, you can find affordable ways to convert your currency, saving more for your retirement funds.
  • Overseas workers. If you work overseas and regularly send money back to your family, services like CurrencyFair can save you money on fees each time you send money back home.

How do I use CurrencyFair?

You must open an account with CurrencyFair to use the service. This is free and takes no more than five minutes. Once your account is open, you can exchange currencies.

The first step is to send your funds to the client account. Next, you convert your funds into your chosen currency and then you give CurrencyFair the account details to receive your funds.

CurrencyFair has short processing times. For example, when transferring Canadian dollars to euros, it will take one to two business days for CurrencyFair to receive your funds and another one to two business days to transfer the funds on. This type of transaction would come with a EUR3 fee. If you need to send money quickly, there is a priority transfer option which takes up to one business day and costs EUR8.

Real questions from our users

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34 Responses

  1. Default Gravatar
    alicAugust 1, 2016

    can I send money from Kenya to Norway and how do I go about it

    • Default Gravatar
      MayAugust 1, 2016

      Hi Alic,

      Thanks for your inquiry.

      Unfortunately, sending money from Kenya to Norway through Currency Fair is not possible. But you can send through Western Union, Worldremit and Moneygram.

      Cheers,
      May

  2. Default Gravatar
    SunnyApril 17, 2016

    Can i send from Singapore dollars in Singapore bank to Canadian dollars in Vancouver

    • Default Gravatar
      ShirleyApril 19, 2016

      Hi Sunny,

      Thanks for your question.

      You can send money from Singapore to Canada with CurrencyFair, though you can only conduct this online and not through a Singaporean bank.

      When you open a CurrencyFair account you’ll be asked to deposit funds.

      If you conduct it through your bank it’s likely to be a bank international money transfer instead.

  3. Default Gravatar
    MikeApril 13, 2016

    Do both parties/people have to be members of Currency Fair to transfer money to each other?

    • Default Gravatar
      Harry PageApril 13, 2016

      Hi Mike,

      Thanks for your question.

      The sender must be a member of Currency Fair in order to transfer money to a third party. The recipient does not need to have a Currency Fair account. You may need to provide Currency Fair with information regarding the third party and why you are sending money to them.

      I hope this helps,

      Harry

  4. Default Gravatar
    AjayMarch 17, 2016

    Hi,
    Is it possible to transfer money from AED to INR (India) through Currency Fair?

    Regards,
    Ajay

    • Default Gravatar
      ShirleyMarch 17, 2016

      Hi Ajay,

      Thanks for your question.

      Unfortunately CurrencyFair can’t support that transfer. TorFX, Currency Solutions, World First or Compass Markets can help.

  5. Default Gravatar
    markFebruary 19, 2016

    how much in $aus to ensure 2511 NZ arrives in NZ bank a/c please

    • Default Gravatar
      ShirleyFebruary 22, 2016

      Hi Mark,

      Thanks for your question.

      At the time of writing, AUD$ 250.10032 will need to be sent.

      Hope this helps.

  6. Default Gravatar
    MichaelJanuary 2, 2016

    HI,
    How do I get th free transaction? I’ve followed the link to the CurrencyFair website from finder.com , but they re still wanting to apply to transaction charge.
    Michael

    • Default Gravatar
      ShirleyJanuary 4, 2016

      Hi Michael,

      Thanks for your question.

      Your account will be credited with €15 after your first transfer. We apologise for any inconvenience caused.

      Cheers,
      Shirley

  7. Default Gravatar
    lisaDecember 2, 2015

    i have a currency fair account, can i us it to transfer funds from my linked account in Australia to a friend bank account in the UK?

    • Default Gravatar
      ShirleyDecember 3, 2015

      Hi Lisa,

      Thanks for your question.

      Yes this should be possible with your current CurrencyFair account.

      Cheers,
      Shirley

  8. Default Gravatar
    KevinNovember 3, 2015

    Can I send money from a Chinese bank in China to Ireland?

    • Default Gravatar
      ShirleyNovember 4, 2015

      Hi Kevin,

      Thanks for your question.

      Unfortunately this isn’t possible with CurrencyFair.

      Cheers,
      Shirley

  9. Default Gravatar
    sadiraAugust 28, 2015

    i want to know the currency exchange rate of south eastern asian moneys that add up to 90… what is the equivalent to US dollars?

    • Default Gravatar
      MarcAugust 28, 2015

      Hi Sadira,
      thanks for the question.

      Unfortunately Currency Fair doesn’t offer the ability to send money from or to South East Asian countries at the present time. You might want to read more about which providers allow this in our South East Asian money transfer guide.

      I hope this helps,
      Marc.

  10. Default Gravatar
    JohnAugust 23, 2015

    i want to send 11000 AUD to the USA. Do you hold AUD account in Australia for me to pay my funds to? It is very difficult to get the verification every time from my bank to send AUD out of Australia without allowing them to perform the conversion. They also charge me $35 as a ‘sending fee’. They did say that local transfers would be fee free though. i have a lot of smaller payment to make and $35 fee from my bank just to send money to you will add up over a year.

    • Default Gravatar
      BelindaAugust 25, 2015

      Hi John,

      Thanks for your enquiry.

      finder.com is an online comparison website so we’re not an international money transfer provider, but rather we provide general information about providers to help you choose a service that’s right for you.

      You might be interested to compare the rates and fees offered by a range of global money transfer providers on this page and here you can read our review about how to send funds from Australia to the United States.

      Generally, a specialised money transfer service will offer more competitive exchange rates than a bank.

      Thanks,
      Belinda

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