Here at BER we are dedicated to helping you compare and get the best currency exchange rates for United States Dollar Bank Transfers and Travel Money. We also provide currency converter calculators, up-to-date market research and information on both banks and online currency brokers. Select Type >
Popular USD Mid-Rates & Charts (30 days & 3 years) :
: EUR/USD is weaker having traded to the top of its recent range and come near the top of the long term down trend dating from its June 2011 high up at 1.48 . We expect this to be a heavy resistance zone and we may see some choppy moves around this 1.3250 – 1.3350 range. Relative interest rates have provided for recent strength in EUR, and are likely to provide for further support ahead of next week’s FOMC given the focus on the Fed’s forward guidance thresholds. The ECB meeting two days later on August 1st will be a key focus as market participants look to Draghi for his reaction to both the improving outlook for Europe (PMI’s) and the implications of the recent strengthening in Euro. We expect a range today of 1.3240 to 1.3290 Charts :EUR/USDUSD/EUR
: GBP/USD is weaker falling to near term support around 1.5370 – The pair has been trading in a narrow range all week, and we should see this move develop and give new direction coming into next week’s more data heavy calendar which will include on Thursday, the UK MPC minutes and interest rate decision, and on Friday the US non-farm payrolls numbers. We expect a range today of 1.5330 to 1.5400 Charts :GBP/USDUSD/GBP
: Despite the USD momentum to the upside continuing overnight, markets are carrying a cautious tone as we await the FOMC minutes at 2:00. There is expected to be a significant focus on the hawkish stance from members Bullard, Lacker, Plosser and Fisher. Following yesterday’s benign CPI reading the market will have a hard time arguing interest rate expectations will be moved forward on some comments from known hawks. The other point of interest in the minutes will be any discussion/hints around the QE exit plan. Our Loonie was unable to keep pace with the US yesterday and we will likely continue to see the currency struggle today with only Wholesale Sales on deck. The CPI Friday AM continues to be the next signpost for direction on the currency. The pair is trading at 1.0940 We expect a range today of 1.0930 to 1.0970 Charts :USD/CADCAD/USD
: USD/JPY has seen significant weakness today, falling back below the 100 level. The Yen strength was caused by market perception of a “stronger” than expected CPI number, coming in at 0.2% vs 0.1% expected and indicating an increase of inflation in line with the BOJ policies. However, looking at the various components which make up this number we can see that the core drivers of inflation have come from higher energy prices and higher food costs – indicating “bad” cost push inflation, instead of “good” demand pull inflation (via increasing wages). This is not a good sign for the long term health of Japanese companies or the economy. We expect a range today of 98.00 to 98.60 Charts :USD/JPYJPY/USD
The U.S Dollar rally found new support amidst the Federal Reserve’s Open Market Committee (FOMC) meeting minutes for July. The minutes indicated policy makers may look to raise interest rates, tightening monetary policy sooner than anticipated. The key macroeconomic event marks an apparent shift in Fed stance from dovish to hawkish bias as officials acknowledge a string of stronger data sets. The Greenback rally saw EUR/USD driven lower dipping below 1.33 while USD/JPY jumped above 103.00 for the first time since April. Attentions now turn to key French and German Manufacturing Data as the headline events on today’s economic docket. Data releases CB Leading Index m/m NZD: No data today No data today GBP: Retails Sales m/m, Public Net Borrowing Charts :USD/EUREUR/USDUSD/JPY
Bloomberg Television interview with Michael Ward, CEO, North America and Europe for USForex on getting
the Best Exchange Rates when sending money abroad from the US plus his thoughts on what to look for when Buying Property Abroad and which global cities are popular right now.
⇒ watch video
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