CurrencyFair Exchange

The CurrencyFair Exchange is where we bring buyers and sellers together online.

Our unique peer-to-peer exchange empowers you to set your own rate, and wait for it to be matched with other customers.

  1. illustration of how marketplace works

    Request a rate

    If an exchange is not urgent, customers can request a unique exchange rate in the Exchange, different to the live rates available in real-time in our calculator.

  2. Enter the Exchange Queue

    After a rate is set, we work to find somebody to match with you at this rate. The Exchange Queue shows the total amount of currency waiting to be exchanged at each rate by your peers. The rate at the top of the queue is next in line to be exchanged.
    illustration of how marketplace works
  3. illustration of how marketplace works

    Rate, Set and Match

    An exchange will take place if the best rate available moves to match your rate in the exchange queue. Then you are at the top of the exchange queue. When the exchange takes place, your trade is matched.

How the CurrencyFair Exchange works

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Set your own target exchange rate

The CurrencyFair Exchange is where we bring buyers and sellers together online. We host the marketplace, ensure that everything is recorded correctly and that all transactions happen quickly and smoothly. We hold the funds, meaning you can exchange safely with other customers around the world.

If things are quiet, we make sure a match is available in the market for you so you can always get a great exchange rate.

Why set your own rate?

Have some time to spare and think that the rate is going to get better?

Then choose your own exchange rate and wait for someone on the other side of the market to match you. The reason why CurrencyFair is so much cheaper than banks and other money transfer companies is because we can match you with our other users who are also looking for the fairest rate.

Remember: a live exchange rate can go up or down. We cannot guarantee that you will get the rate you choose. However you can amend or cancel your rate at any time before it is matched.

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Bank level security - without the hassle of the banks

CurrencyFair is fully regulated by the Monetary Authority of Singapore (MAS) under the Money-Changing and Remittance Businesses Act (Cap. 187) so your money is always secure.

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The CurrencyFair Exchange FAQs

Some common questions asked by people about our marketplace, the Exchange.

CurrencyFair (Singapore) Pte Ltd is regulated (fully authorised) by the Monetary Authority of Singapore pursuant to section 8(3)(a) of the Money-Changing and Remittance Business Act Cap 187 (“MCRB Act”). This regulation governs foreign exchange and money remittance. The Monetary Authority of Singapore imposes minimum capital requirements and ensures the highest standards for internal policies and procedures, detection of financial crime and the protection of client funds. In accordance with the specific terms of our remittance licence CurrencyFair Ltd. has furnished the required Letter of Responsibility to the Monetary Authority of Singapore confirming that it is responsible for the operations of CurrencyFair (Singapore) Pte Ltd. CurrencyFair Limited is regulated (fully authorised) by the Central Bank in Ireland. Copyright © 2020 CurrencyFair LTD. All rights reserved.