OFX (previously known as CanadianForex), is an international money transfer service headquartered in Sydney, Australia. It has been in business for 25 years and has helped over 1 million customers move more than $261 billion CAD in total around the world. OFX\u2019s Canadian office is located in Toronto, ON.<\/p>
OFX is best for people who want to keep their transfer costs low, but who are not too concerned with transfer speed. It\u2019s also a good option for larger transfers, since OFX does not charge transfer fees for transfers over $10,000 and offers competitive exchange rates.<\/p>
OFX\u2019s exchange rates are usually 1.5% or less above the mid-market rate when you transfer funds. Typically, the larger your transfer, the smaller the percentage taken by OFX.<\/p>
It\u2019s usually best to compare the rate displayed on OFX with the current mid-market rate to calculate the size of the margin charged. You can then use this as a benchmark for comparing the rates of other money transfer providers.<\/p>
We\u2019ve gathered a selection of OFX exchange rates for some popular destinations. These exchanges assume you\u2019re sending $10,000 CAD, which will be deposited in your recipient\u2019s bank account.<\/p>
| Destination country<\/th> | OFX exchange rate (per 1 CAD)*<\/th> | Mid-market rate (per 1 CAD)*<\/th> | Estimated OFX rate markup\u2020<\/sup><\/th><\/tr><\/thead>| India<\/strong><\/td> | 63.2327 INR<\/td> | 63.6246 INR<\/td> | 0.616%<\/td><\/tr> | Philippines<\/strong><\/td> | 41.2478 PHP<\/td> | 41.4275 PHP<\/td> | 0.434%<\/td><\/tr> | Mexico<\/strong><\/td> | 13.4795 MXN<\/td> | 13.4849 MXN<\/td> | 0.040%<\/td><\/tr> | Japan<\/strong><\/td> | 107.5331 JPY<\/td> | 107.595 JPY<\/td> | 0.0576%<\/td><\/tr> | Poland<\/strong><\/td> | 2.6476 PLN<\/td> | 2.6490 PLN<\/td> | 0.0529%<\/td><\/tr><\/tbody><\/table> | *Exchange amounts were collected on August 12, 2025<\/small><\/p> |
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