On: (MM/DD/YYYY)
		Applicable flat fee: (Optional)
AUDCADCHFEURGBPJPYNOKSEKUSD	AUDCADCHFEURGBPJPYNOKSEKUSD	AUDCADCHFEURGBPJPYNOKSEKUSD

Your Transaction:	Compare with FXGlobalTransfer Rates:
The exchange rate you received:
	OANDA's rate on DATE
	Recipient Amount:
	You would have had to exchange:
	Flat fee
	OANDA's rate on DATE
	Amount you sent:
	Your recipient would have received:
	Flat fee

No fees? No such thing.

Banks and other fund transfer companies offering low fees or no commissions often hide their true costs with poor exchange rates. They might even advertise "no fees", but instead adjust their exchange rate to make up the difference. And then some.

Many banks and money transfer companies offer you little or no pricing detail. Most update their exchange rates only once a day, so you can get better rates only by negotiating (and only during their office hours). By contrast, OANDA provides live rates all the time, so you know exactly what you will be paying, and exactly what you've paid. Our quick quote tool provides you with a real-time quote when you need it.

How much difference can the exchange rate make?

The spread is the difference between the price at which you can sell your primary currency and what you have to pay to buy the delivery currency.

A spread of 2.5% (the common charge at the typical bank) might not seem like a lot, but it can really add up, especially when you're sending large amounts of money. Typical FXGlobalTransfer spreads are 0.03% or less, a small fraction of what most banks charge.

How can OANDA offer these low rates?

OANDA provides low rates for our clients because we conduct a large volume of foreign exchange transactions. Our patented trading system is completely automated, so there are no middlemen and we pay no commissions to sales people or traders.

OANDA is registered with the U.S. Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM) and we are a member of the National Futures Association (NFA # 0325821). Full regulatory compliance means fewer restrictions for our clients. For example, with FXGlobalTransfer there are no minimum or maximum transfer limits.