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Review: UAE Exchange New Zealand international money transfers
Get competitive exchange rates when you send money overseas or exchange foreign currency with UAE Exchange.
- Sending to a wide range of destinations
- Bank transfers and cash pick-ups
- Competitive exchange rates
- Travel money
Not so great for
- Fee transparency
What's in this guide?
- UAE Exchange rates and fees
- Available currencies
- What types of transfers can you make with UAE Exchange?
- How long does a transfer with UAE Exchange take?
- What payment methods does UAE Exchange accept?
- Is UAE Exchange safe to use?
- How to register an account
- How do I make an international money transfer with UAE Exchange?
- What is UAE Exchange?
- In a nutshell
- How does UAE Exchange compare to other providers?
- Frequently asked questions
UAE Exchange rates and fees
When you send money overseas with UAE Exchange, there are two costs you’ll need to consider: the exchange rate margin (the difference between the mid-market rate you see on Google and the rate quoted to you) and the transaction fee. However, fees vary depending on where you are sending the money and the type of transfer you select.
UAE Exchange allows you to send money to more than 190 countries around the world. The company also offers a foreign exchange service which customers can use to buy and sell foreign currency. Some of the currencies UAE Exchange supports include:
- NZD New Zealand dollar
- GBP British pound sterling
- CNY Chinese yuan renminbi
- EUR Euro
- FJD Fijian dollar
- INR Indian rupee
- IDR Indonesian rupiah
- JPY Japanese yen
- CAD Canadian dollar
- SGD Singapore dollar
- THB Thai baht
- USD US dollar
What types of transfers can you make with UAE Exchange?
UAE Exchange offers multiple transfer options when you want to send money overseas. Not all options are available in all countries.
- Online money transfers. UAE Exchange offers online money transfers through Unimoni. This service allows you to send international bank transfers as well as cash pick-up transfers.
- Telex transfers. UAE Exchange offers telex transfers so you can send money to bank accounts in countries all around the world.
- Instant bank transfers. UAE Exchange’s FLASHremit service is designed to offer fast transfers to your recipient’s bank account. This transfer option is only available for selected countries.
- Instant cash transfers. UAE Exchange is an authorised agent to provide the services of MoneyGram and Xpress Money, allowing you to send cash pick-up transfers to hundreds of thousands of collection locations around the world.
How long does a transfer with UAE Exchange take?
Transfer times vary depending on the transfer method you select and where you are sending your money.
For example, while cash payout transfers can be available for your recipient within minutes, bank transfers can take two or three business days.
What payment methods does UAE Exchange accept?
Once again, the payment methods available from UAE Exchange are dependent on the type of transfer you want to send. However, please note that not all payment options will be available in all countries.
Is UAE Exchange safe to use?
- Security and regulation: New Zealand arm of the global brand is registered on the Financial Services Providers Register
- Established: 1980
- Number of customers: 15 million
- Reviews: Trustpilot gives UAE Exchange a score of 9.4 out of 10, based on over 6,700 reviews*
- Global presence: 31 countries
UAE Exchange New Zealand is registered with the Financial Services Providers Register. It is part of UAE Exchange Group (UX Holdings Limited), which operates under the laws of Dubai International Financial Centre.
As for the safety of your money when you send an overseas transfer with UAE Exchange, the security measures in place depend on the transfer method you choose.
How does UAE Exchange make money?
Like many other international money transfer services, UAE Exchange makes money in two ways:
- By charging transaction fees
- By adding a margin on top of the mid-market exchange rate
What is UAE Exchange?
UAE Exchange is a global provider of remittances, foreign exchange and payment services. The UAE Exchange group was founded in 1980 and is headquartered in Abu Dhabi. It operates in more than 30 countries around the world and its services have been used by 15 million customers.
While this review focuses largely on UAE Exchange’s international transfers, the company also operates a well-known foreign exchange service for travellers who need overseas currency. UAE Exchange has more than 800 branches around the world where customers can buy and sell all major currencies.
In a nutshell
- Established brand. UAE Exchange was established in 1980 and has a presence in more than 30 countries around the world.
- Choice of pick-up methods. You have the convenience of sending either a bank transfer or a cash pick-up transfer.
- Competitive exchange rates. UAE Exchange typically offers better exchange rates than the major banks.
- Foreign exchange service. UAE Exchange is also a well-known provider of foreign exchange services for international travellers looking to buy and sell major currencies.
- Limited fee information. If you want to find out what transaction fee will apply to your transfer, you’ll need to sign up for an account first.
How does UAE Exchange compare to other providers?
Want to see how UAE Exchange stacks up against the competition? Check out the table below to compare exchange rates, fees and transfer times across a range of leading money transfer services.
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