The Pound Posts Another Day of Loses as Lawmakers Scramble to Calm Economic Turmoil

Sterling The Pound saw further losses yesterday amidst attempts by George Osborne and Boris Johnson to assure the British public that the market is ‘stable’. Osborne commented that the economy is ‘as strong as it could be to confront the challenge’ of leaving the EU, however he has come out today saying that there will... View article >
Posted on 28 June 2016 | 8:58 am GMT
Author: TorFX

Australian Dollar – Tue Jun 28: AUD Up vs GBP, NZD & CNY and Down vs USD, EUR, JPY & SGD.

Tuesday Jun 28th 10:05 AEST – The Australian Dollar this morning is down -0.87% against the United States Dollar, up 0.32% against the British Pound Sterling, down -0.87% against the Euro, up 0.4% against the New Zealand Dollar, up 0.08% against the Chinese Yuan, down -1.24% against the Japanese Yen and... View article >
Posted on 28 June 2016 | 12:05 am GMT
Author: BER Research

Australian Dollar – Mon Jun 27: AUD Up vs USD, GBP, EUR & SGD and Down vs NZD, CNY & JPY.

Monday Jun 27th 10:05 AEST – The Australian Dollar starts the week even against the United States Dollar, up 2.15% against the British Pound Sterling, up 0.09% against the Euro, down -0.44% against the New Zealand Dollar, down -1.29% against the Chinese Yuan, down -0.16% against the Japanese Yen and up... View article >
Posted on 27 June 2016 | 12:05 am GMT
Author: BER Research

UK EU Referendum Results have Cataclysmic Impact on Pound Exchange Rates

Pound Today the results of yesterday’s EU referendum were announced. The UK has voted 51.89%/48.11% in favour of leaving the European Union in a historic departure from the post-war alliance. Previously eyeing a ‘Remain’ victory, traders have been jolted as the Pound fell in its largest single-day drop ever. Just as the polls closed, surveys... View article >
Posted on 24 June 2016 | 10:04 am GMT
Author: TorFX

British Pound (GBP) plunges on unexpected Brexit poll result

Brexit plunges to 30 year lows GBPUSD was down 12% at one point but has regained half those losses on calming remarks by Governor of the Bank of England Mark Carney saying that Brexit contingency plans are under way. Traffic on BestExchangeRates have been up 500% as our customers look at what today’s dramatic events... View article >
Posted on 24 June 2016 | 9:43 am GMT
Author: BER Admin

How can I get the best possible foreign currency exchange rate?

There are lots of ways; most importantly you need up-to-date information on exchange rates and fees. When you use BestExchangeRates you can see clearly which currency vendor is offering the best deal for your International Money Transfers and Travel Money needs, and most importantly who is taking the smallest margin and fees to give you... View article >

What makes sending money internationally so expensive?

There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers: Currency fees Currency conversion rates : Banks charge huge margins for currency conversion to the majority of businesses and individuals. They tend to fix rates once a day and therefore need to incorporate... View article >

What is the International Mid-Market Rate?

All Vendor currency exchange rates on BestExchangeRates are compared to what we call the Mid-Market Rate for each currency pair. This mid-market rate (sometimes also called the interbank rate or spot rate) is used in global financial markets and what you normally see reported on the news. It is called the “mid-rate” because it is... View article >

When is the Foreign Exchange Market Open around the world?

Forex Market Hours: As one major forex market closes, another one opens. Using the GMT timezone, for instance, forex trading hours move around the world like this: available in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am... View article >

BestExchangeRates wins Best International Money Transfer Comparison Provider 2016 – London Friday 19th February 2016: The judging panel are delighted to announce that we have chosen BestExchangeRates as the winner for the: “Best International Money Transfer Comparison Provider” award. We felt that the company takes a fresh approach to the currency transfer market with its simplicity and the clarity of information displayed on... View article >
Posted on 19 February 2016 | 12:22 pm GMT
Author: David Brown

BestExchangeRates on Sky News Money talking travel cards

Money Exchange TV’s Andrew Barnett interviews BER CEO, David Brown, for Sky News Money. David explains how to save money on your travels using a prepaid travel card, and why you should never exchange money at the airport departure gate.
Posted on 8 December 2015 | 10:43 am GMT
Author: David Brown

BestExchangeRates on UKTI trade mission to London Fintech week

In September BestExchangeRates was one of 10 Australian fintech startups selected from 70 applications by UK Trade and Investment (UKTI), a UK Government department, to take part in a trade mission to pitch at London Fintech Week. We were lavished with attention, events and presentations, made valuable connections with some of the industry’s most influential... View article >
Posted on 1 October 2015 | 10:59 am GMT
Author: David Brown

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