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AFEX international money transfers

Send money overseas with the World's largest non-bank provider of foreign payments

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If you’re sending money overseas, the last thing you want to worry about is it not reaching its destination. Over 30 years of experience means your overseas transfers are safe with AFEX. With more than 24,000 commercial clients and thousands more private customers, AFEX will help you to find the best way to send money overseas for a range of reasons, whether that’s buying a property or sending a financial gift to family.

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Find a competitive rate with AFEX to get more value when sending money overseas.

AFEXDirect is an online platform designed to make it as simple as possible to manage your global payments. It also aims to offer better exchange rates on international money transfers than you would be able to get from your bank, ensuring that more of the money you send makes it to your recipient. These rates are updated multiple times throughout the day to ensure that they keep pace with global markets.

Unfortunately, to get a better idea of the difference between AFEX’s exchange rates and those offered by your bank, you’ll need to sign up for an AFEXDirect account.

AFEX publishes live FX rates displayed below.

AFEX international money transfers

Rates accurate up to 12 March 2015.

Get more out of your transfers with low transfer fees

The fees you will be charged for sending money overseas with AFEXDirect depend on a number of factors. While it is free to set up an account and there are no fees to use AFEXDirect, you will be charged fees when you perform international money transfers.

However, the exact fee you will pay depends on the destination you are transferring funds to and the speed with which you would like your payment to be processed – the fees that apply for different destinations and transfer speeds are not freely available on the AFEX website.

Trade even the most exotic currencies

AFEX provides its customers with access to a wide range of foreign currencies. AFEXDirect users can transfer funds in all the major currencies – the US Dollar, the Euro, the Great British Pound, The Singapore Dollar, the Japanese Yen, the Australian Dollar, the Canadian Dollar, the Swiss Franc and more – as well as a large number of more exotic currencies in the table below.

AUDAustraliaGTQGuatemalaPGKPapua New Guinea
BDTBangladeshHKDHong KongPHPPhilippines
CHFSwitzerlandJPYJapanSARSaudi Arabia
CNYChinaKRWKorea (South)SGDSingapore
CRCCosta RicaLTLLithuaniaTNDTunisia
CZKCzech RepublicLVLLatviaTRYTurkey
DOPDominican RepublicMWKMalawiUAHUkraine
EEKEstoniaMYRMalaysiaUSDUnited States
EGPEgyptMZNMozambiqueXCDEast Caribbean
ETBEthiopiaNGNNigeriaXOFCentral Africa
FJDFijiNZDNew ZealandZARSouth Africa

Make a quick transfer today or lock in a competitive rate in advance for a future transfer

AFEXDirect allows you to access your foreign currency balances 24/7. This easy-to-use payment system allows users to lodge a spot transaction to send funds overseas immediately. If you would like to lock in a good exchange rate for a transfer which will take place at a later date, AFEX also offers forward contracts to allow you to do so. This option protects you against fluctuations in the currency market but doesn’t require you to use lots of your hard-earned money now to buy foreign currency in advance.

It is easy to use and also offers a host of useful forex resources to help users keep abreast of foreign currency markets and trends. Customers can also easily view a history of all their foreign exchange payments, track the status of payments and enjoy customer assistance from AFEX’s Private Client Team.

Register with AFEX for free

It’s completely free to sign up for an account with AFEXDirect. You can apply for an account online or by getting in touch with an AFEX Account Executive. There’s no obligation to trade once you have opened an account, and once you’ve supplied your name, email address and phone number you can begin a secure application. You’ll need to provide some identification documents, as well as answer a series of questions about the type and amount of transfers you plan on lodging via AFEXDirect.

Once your account has been opened, you can transfer funds to AFEX from your nominated bank account or by cheque. Once your account with the online payment system is live and you have asked AFEX to exchange your currency, you’ll receive confirmation of the order that includes all the necessary information about AFEX’s secure account.

AFEX is a member of the global SWIFT network to ensure that all international money transfers are processed as quickly as possible. You can also track the progress of your funds through the AFEXDirect system.

Consider these points before signing up with AFEX


  • Competitive exchange rates. AFEX can offer better exchange rates than you will be able to find from your bank.
  • Forward contracts. The ability to take out forward contracts means you can take advantage of attractive exchange rates and avoid market fluctuations.
  • Easy access. With an AFEXDirect account, it’s quick and easy to manage all your foreign currency payments online 24/7.
  • Trusted company. AFEX has a reputation as a reliable provider of international money transfers and has been in the global payments industry since 1979.


  • Limited information. There is a limited amount of information available on the AFEX website for customers seeking further details about the company’s services and features.

Compare AFEX to other money transfer services

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
SGD 0 Same day SGD 4.99 0.746 USD
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
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SGD 250 1 day SGD 0.00 0.751 USD
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
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SGD 2,000 1 day SGD 0.00 0.751 USD
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
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SGD 1 Same day SGD 3.99 0.751 USD
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
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SGD 250 1 day SGD 0.00 0.751 USD
Send guarantees to match any competitor's exchange rate. T&Cs apply.
Send has fee-free transfers in 30+ currencies to over 200 countries.
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SGD 1 1 - 2 days SGD 45.00 0.754 USD
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
SGD 5 1 - 2 days SGD 3.00 0.75 USD
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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SGD 1 1 day SGD 43.00 0.754 USD
Pay no fees on your first two transfers, up to S$3000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
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SGD 200 2 days SGD 50.00 0.748 USD
Exclusive: Use code FINDER10 to receive US$10 off your first transaction.
InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers.
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Compare up to 4 providers

Sort out your other global payments problems with AFEX

  • Corporate and treasury solutions. AFEX provides a range of corporate and treasury solutions for large corporations. The company adopts an integrated approach to help companies manage their risk and take advantage of opportunities that arise on foreign currency markets.
  • SME solutions. Small to medium-sized enterprises can manage their exposure to fluctuations in the currency market by utilising payment services and risk management plans offered by AFEX. Solutions include forward contracts, rate orders, spot transactions and the AFEXDirect system.
  • Industry solutions. AFEX also offers foreign currency solutions specially tailored to meet the needs of business in a range of industries, including imports and exports, claims management and real estate.

Read answers to your most common questions about AFEX

If you need to send funds overseas quickly and easily, it’s worth considering the money transfer solutions AFEX has to offer. However, be sure to compare its features with those of other forex companies to ensure that you find the company that offers the best deal.

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