HiFX International Money Transfers

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The secret to getting a competitive exchange rate when transferring money.

Must read: HiFX is no longer available

As of 26 January 2019, HiFX will be merging with XE. This means you won’t be able to use HiFX to send money overseas. Instead, check out if XE Money Transfer is right for you in our full review.

If you already have an account with HiFX before this cut-off date, don’t worry – you’ll automatically be transferred to an XE account.

Available currencies

HiFX offer a range of currencies, including:

  • Australian Dollar (AUD)
  • Canadian Dollar (CAD)
  • United States Dollar (USD)
  • Euro (EUR)
  • Great British Pound (GBP)
  • Hong Kong Dollar (HKD)
  • Papua New Guinean Kina
  • Singapore Dollar (SGD)
  • Danish Krone (DKK)
  • Japanese Yen (JPY)
  • Thai Baht (THB)
  • Vanuatu Vatu (VUV)
  • Indian Rupee (INR)
  • New Zealand Dollar (NZD)
  • Philippine Peso (PHP)
  • Solomon Islands Dollar (SBD)
  • Swedish Krona (SEK)
  • United Arab Emirates Dirham (AED)
  • Central Pacific Franc (XPF)
  • Fiji Dollar (FJD)
  • Mexican Peso (MXN)
  • Norwegian Krone (NOK)
  • Samoan Tālā (WST)
  • South African Rand (ZAR)
  • Swiss Franc (CHF)

Competitive foreign exchange rates

As mentioned, HiFX offers very competitive rates when exchanging money. This is because HiFX minimises their overheads and maximises their use of the right technology.

This is combined with the fact that if you transfer amounts greater than the thresholds set by HiFX, they won’t charge you transfer fees. If you transfer amounts less than this, you’ll be charged fees, so see the table below to get an idea of what these fees and fee free thresholds are.

Currency being soldFee free thresholdTransfer fee if under threshold
Australian Dollar (AUD)10,00015
Euro (EUR)3,50010
New Zealand Dollar (NZD)10,00012
Indian Rupee (INR)365,000700
Great British Pound (GBP)3,0007
Thai Baht (THB)250,000500
United States Dollar (USD)5,0005
Philippine Peso (PHP)355,000685

Below is a quick comparison of the rates HiFX offers compared to some of our other services when trading $10,000 HKD to USD. Rates are current at the time of writing and do not include fees. Note that these rates are spot rates, meaning that the rate you actually receive could differ when you carry out your transaction.

USD received when changing $10,000 HKD1,269 USD1,265 USD1,270 USD
Transfer fees5 USD5 USD15 USD

Who can benefit from HiFX?

HiFX is available for many types of Hong Kongers looking to convert and move funds overseas. Some of these include:

International property owners – Buying property overseas can net investors healthy profits. Unfortunately, unlike regular domestic property investment, exchange rates can add an extra layer of risk to your investment. HiFX can be used to set up regular transfers to pay off your foreign mortgage, and can help you save fees and on exchange rates.

Migrant workers – Moving to Hong Kong can see you get a better salary to send back to your family, but like any other international transfer, you can get more bang for your buck by using a service like HiFX.

International students – While studying in Hong Kong you might need to send money back home to pay for expenses.

How to use HiFX

If you feel HiFX could be a useful service to you, you can carry out a transfer easily.

  • Register. First you’ll need to sign up, which is free and can be done at any time of the day. You can register by clicking the ‘Go to Site’ button above. You will also need to provide identification documents including your passport and drivers licence as well as a document certifying your address.
  • Get a quote. After you’ve registered you’ll need to discuss with HiFX what currencies you need and what type of transfer you’re looking to make. They can help suggest different ways to carry out your transaction.
  • Give your recipient’s details and when you’d like to pay them. The next step will require you to let HiFX know who you’re transferring to and when, and also will require you to provide a security payment.
  • Send HiFX your transfer funds. You’re now ready to send HiFX your money and being the transfer.
  • Track your payments. You can now sit back and track your payments to ensure they reach their destination.

How does HiFX compare to other providers?

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 5 1 - 2 days HKD 25.00 0.127 USD
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies. Go to site Show details
USD 10 1 - 2 days HKD 140.00 0.128 USD
Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
USD 1,000 1 day HKD 25.00 0.128 USD
Quick and simple international money transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies. Go to site Show details
USD 10,000 1 day HKD 0.00 0.128 USD
A higher exchange rate applies to non-finder customers.
Send money in more than 130 currencies.
Go to site Show details
USD 1 Within an hour HKD 20.00 0.128 USD
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
USD 100 1 day HKD 15.00 0.128 USD
A higher exchange rate applies to non-finder customers.
Send money in 45 currencies.
Go to site Show details
GBP 5,000 1 - 2 days HKD 0.00 0.127 USD
Go to site Show details
USD 2,000 1 day HKD 0.00 0.128 USD
Go to site Show details
SGD 1 1 day HKD 35.00 0.128 USD
Transfer money to over 30 countries with nominal fees and the mid-market exchange rate. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

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