CurrencyFair review: How much can you save on an international money transfer?

Transfer funds internationally as quickly as possible and receive a better exchange rate with CurrencyFair.

CurrencyFair uses peer-to-peer technology to offer fast and affordable international money transfers. Based in Dublin, Ireland, it offers better exchange rates and lower fees than major banks when you want to send money overseas.

As CurrencyFair operates a foreign exchange MarketPlace, the exchanges it offers are set by its users. Regulated by the Central Bank of Ireland, CurrencyFair offers a simple three-step transfer process to make it quick and easy to send money globally. Transfers are processed quickly and are backed by CurrencyFair’s efficient customer service team. Read our review below to find the best option for you.

Product NameCurrencyFair International Money Transfers
Min. Transfer AmountGBP 1,000
Max. Transfer AmountNo limit
Transfer MethodsOnline
Transfer Speed
Minimum transfer time
2 days
Customer ServicePhone, Email
Online Transfer FeeGBP 0


  • Peer-to-peer money service, so you'll get competitive exchange rates
  • Branches located in Ireland, Australia and the UK
  • Low fees


  • Only a small number of currencies available

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  • Send money to 195 countries in 60 different currencies

CurrencyFair exchange rates

As mentioned above, CurrencyFair operates a currency MarketPlace, so the exchange rates it offers are set by its users. Once you’ve transferred money into your CurrencyFair account, you can convert those funds into another currency by matching with other users on the MarketPlace. This peer-to-peer system means that CurrencyFair’s rates are usually within 0.5% of the interbank exchange rates.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 1,000 2 days - - Get complete control over your international money transfer with the world's first P2P currency exchange. Go to site Show details

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How much does it cost to transfer money with CurrencyFair?

Special offer

Currency Fair will credit your account with €15 after your first transfer.

The exact cost of sending an international money transfer with CurrencyFair varies depending on whether or not you match another user on the MarketPlace. When customers match each other, a fee of 0.15% of the total amount exchanged will be charged. However, if no one offers a suitable rate for you, CurrencyFair will match you and charge a fee of 0.4% or 0.5% of the transaction amount, as well as a £3 flat fee.

On average, CurrencyFair reports that its customers pay 0.35% of the amount exchanged plus a £3 flat fee.

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Minimum transfer amount and available countries

The minimum amount you can transfer overseas using CurrencyFair is 8 Euros or equivalent. There is no maximum limit imposed by the company.

CurrencyFair allows you to transfer funds to more than 160 countries and territories around the world. It offers support for transfers sent in the following 18 currencies:

  • UAE Dirham (AED)
  • Australian Dollar (AUD)
  • Canadian Dollar (CAD)
  • Swiss Franc (CHF)
  • Czech Koruna (CZK)
  • Danish Krone (DKK)
  • Pound Sterling (GBP)
  • Euro (EUR)
  • Hungarian Forint (HUF)
  • Norwegian Krone (NOK)
  • New Zealand Dollar (NZD)
  • Polish Zloty (PLN)
  • Swedish Krona (SEK)
  • United States Dollar (USD)
  • South African Rand (ZAR)

You can also buy Israeli Shekels, Hong Kong Dollars and Singapore Dollars using the CurrencyFair service.

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What types of transfers can you carry out with CurrencyFair?

The most common way of placing a transfer through CurrencyFair is via the MarketPlace. This allows you to enter the rate you wish to achieve for your currency transfer and then see if someone else will match your rate in the opposite direction. For example, if you’re transferring GBP to AUD, you will hope to match the exchange rate of someone who wants to exchange their AUD for GBP.

Another transfer option available from CurrencyFair is a QuickTrade. This allows you to access the best current rate available on the MarketPlace for the transfer you wish to perform.

If you ever have a question about a transfer, CurrencyFair offers an extensive FAQ section on its website. Alternatively, you may wish to contact the support team via phone or email to speak to a company representative – CurrencyFair operates offices in Ireland, the UK and Australia.

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The registration and transfer process

You’ll need to register for a (free) CurrencyFair account before you can send any funds overseas. To do this, click on the ‘Create an account’ link and fill out the form with your name, address and contact information. Sometimes your identity can be verified electronically, such as if you enter your passport number, but in other cases you may also be required to supply documentation to help CurrencyFair verify your identity.

You can then login to your account, deposit the necessary funds and send an international money transfer. For a QuickTrade transfer, click the relevant link to see the best available rate for the transaction you would like to place.

If you’ll be using the CurrencyFair MarketPlace, click the ‘MarketPlace’ link and enter the rate you wish to achieve in the ‘Rate’ box in the top left of the screen. Key in the details of the amount of currency you ‘have’ or the amount you ‘want’ to buy and then click ‘Next’. Your order will be added to the MarketPlace and hopefully matched with a fellow user’s order.

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What are the pros and cons of using CurrencyFair?


  • Better exchange rates. The exchange rates you can receive from CurrencyFair are better than those on offer from the banks.
  • Low fees. Compare the fees you would need to pay when sending a transfer with CurrencyFair to those you would have to pay to other providers.
  • Simple. CurrencyFair’s transfer process is simple and convenient for anyone to use.
  • Mobile app. CurrencyFair also offers a handy mobile app when you need to make transfers on the go.


  • No online chat. There is no live online chat option for customer support.
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Information videos

Here are couple of videos you might find useful. The first is short, explaining how to set up a CurrencyFair account:

The second is longer, taking you through the exchange process:

Frequently asked questions

If the features of CurrencyFair’s service sound appealing to you, compare it with other money transfer providers when looking for a fast and convenient way to send money overseas. Once you know what products and services are available, you can make an informed decision.

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2 Responses

  1. Default Gravatar
    DavidApril 8, 2017

    Does currency fair help with transfers from Qatar to Ireland

    • Avatarfinder Customer Care
      AnndyJuly 30, 2017Staff

      Hi David,

      Thanks for your question.

      CurrencyFair is not yet available in Qatar.

      If you are sending money from Qatar to Ireland, the money transfer companies here may help.


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