BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your International Money Transfers and Travel Money/Card transactions. We also provide quick currency converter calculators, up-to-date foreign exchange research, news, charts and information and reviews of currency brokers.
Save Time & Money - Compare Bank & Broker Foreign Exchange Rates for :
The Australian dollar opens marginally lower this morning as U.S. dollar strength continues on the back stronger economic activity and a reduction in overall unemployment claims. The Aussie found support in stronger than anticipated Chinese manufacturing data bouncing to intraday highs of 0.8799 before retreating to close Thursday at 0.8758. With the local economic docket free of headline data direction will come from offshore stimuli and we expect current ranges to be maintained into the weekend. We expect a range today between 0.8725 – 0.8820 Charts :AUD/USDAUD/EURAUD/GBPAUD/NZDAUD/JPYAUD/CHFAUD/CADAUD/CNY
The Cable retraction continued yesterday entering a 3rd consecutive day as retail sales fell more than anticipated throughout September. In fact Sterling weakened against the majority of its major trading partners a move compounded by comments from Bank of England Board Member Ben Broadbent. Broadbent suggested “any rise in official policy rates are likely to be limited and gradual” sparking further speculation that accommodative monetary policy will be the accepted status quo moving into 2015. With Prelim GDP data the headline macro driver Friday investors will be looking for a strong or stable showing to keep the currency above 1.60 to close the week. We expect a range today between 1.8220 – 1.8420 Charts :GBP/USDGBP/AUDGBP/EURGBP/NZDGBP/JPYGBP/CHFGBP/CADGBP/CNY
The New Zealand dollar was driven lower through trade on Thursday as a third quarter CPI report showed a dip in overall inflation. The reduction in price pressures allows the RBNZ more scope in maintaining its neutral monetary policy stance and affords the Central Bank more room in delaying its next rate hike. In the biggest move since October 3rd the Kiwi lost 1.5% touching intraday lows of 0.7809. With Trade Balance data headlining todays domestic docket investors will be looking for any signs of weakness with potential for a move through support levels at 0.78 while a strong showing could encourage a correction back toward 0.79. We expect a range today of 0.7720 – 0.7920 Charts :NZD/USDNZD/EURNZD/AUDNZD/XPFNZD/JPYNZD/CHFNZD/CADNZD/CNY
The Greenback correction continued Thursday with the Bloomberg dollar spot index advancing for a third consecutive day. Fewer jobless claims and a reported increase in national economic activity according to the Fed Reserves Bank of Chicago helped bolster market confidence sparking a risk on rally. A week of stable and strengthening US data sets supports an overall stronger US economy and view that the recovery can withstand deteriorating global growth. In other news the Euro rot was halted, if only momentarily, by an unexpected expansion in Manufacturing PMI. German and Eurozone reports showed an increase throughout September easing concerns the stagnant European Economy is moving closer to an overall contraction. Finally the Japanese Yen dove downward as Bank of Japan Governor Kuroda said that a weaker Yen appears in line with economic fundamentals and promised to increase stimulus if needed adding to already unprecedented levels of support. With little on the global economic calendar to close the week focus will turn to New Home Sales data in the U.S. for additional indications the economy is rebounding. Data releases No Data NZD Trade Balance No Data GBP Prelim GDP q/q and Index of Services Charts :USD/EUREUR/USDUSD/JPY
Travel money cards (also known as cash passports), allow you load money onto them before your trip or while you are away over the internet.
You can use them to make purchases and withdrawals from ATMs and are safe as they also have credit card-like security with pin number access.
⇒ read article
You may well think that you are being ripped off, but it is not always the case. In simple terms what you see on the news or in the paper or on yahoo finance
is the Middle Rate or mid-rate. Some people want to buy a currency and some people want to sell a currency and there is a gap (or margin) between the price at which you buy and
the price at which you sell. ⇒ read article
There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers: Currency fees, Transit fees, Correspondent bank fees etc ⇒ read article
This is an information service. By browsing on the website and/or using our comparison tools, you are asking BestExchangeRates to
provide you with information about currency exchange products & services from multiple financial institutions. We will try to show you a
range of products & services in response to your request for information. The search results do not include all providers and may
not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to
you about a particular product. If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with BestExchangeRates.
BestExchangeRates may receive fees or other benefits in relation to activity on the BestExchangeRates website.
BestExchangeRates may receive remuneration for vendor referral links.
TOS | Full disclaimer | Privacy Statement | Facebook