Here at BER we are dedicated to helping you find the best possible currency exchange rates for United States Dollar Wire Transfers and Travel Money plus market research and information on both banks and non-bank currency providers. Select 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
: Local retail sales numbers came out mixed this morning with the headline figure printing higher than expected at 0.7% while the core figure missed estimates at 0.1%. The Loonie had been strengthening for most of the offshore sessions as USD/CAD dipped as low at 1.0715, but with the disappointing core retail figures we now find the pair pushing back towards 1.0730. Overall we continue the recent run of range trading as we haven’t seen a break of the 1.07 or 1.08 levels since we broke back over 1.07 on July 11. We expect a range today of 1.0710 to 1.0760 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
With no data out of the Eurozone to give direction investors watched as the Euro slid to an 8 month low against the Greenback. Inflationary data out of the US was shown to meet expectations for the month of June and the market watched as the US dollar rallied across the board. Later in the evening existing home sales data printed a strong increase underpinning the USD’s gains. Once again these strong signs from the market are continuing to hint that the US Federal Reserve will be looking to end their bond buying program in the next few months leaving the timeframe for a potential interest rate increase shorter than expected, sometime in 2015. Today’s economic docket is relatively light as eyes will turn to Thursday in the Eurozone and US for an array of manufacturing data, unemployment claims and home sales. Data releases: CPI q/q, Trimmed Mean CPI q/q No Data No Data MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, BBA Mortgage Approvals, CBI Realized Sales, BOE Gov Carney Speaks 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
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