Sending a larger amount to ? Request a Free    Multi-Vendor Quote
Recent Transfers
Request a Multi-Vendor Transfer Quote
 
Foreign Transfers
NO CASH or CHEQUES will be accepted for payment.        Show me Buy Travel Cash Rates instead.
USD
Loading Rates

USD/EUR Exchange Rate Charts

USD 1.00 = EUR Reference Mid-Rate       Switch to /
Exchange Rates are different for International Bank Transfers & Travel Money   Select
BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your International Bank Transfers and Travel Money. We provide quick currency converter calculators, up-to-date foreign exchange research, news, charts and reviews of foreign exchange brokers and online payment providers to help you choose which is best for your needs.
Save Time & Money - Compare Bank & Broker Foreign Exchange Rates for :
Foreign Transfers     Travel Money & Cards

Friday, 22 May 2015 - Market Commentary
Daily currency news provided by UsForex

: 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/USD USD/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/USD USD/GBP
: The greenback remains soft after yesterday’s FOMC minutes. It is clear that the FED is not ready to raise rates until the end of 2015 if at all this year. The FED also showed concern over consistently weaker growth metrics that are effecting inflation. The tone overall highlights that the FED is still concerned about underutilization but believes inflation and labour metrics will reach their goals in the medium term. Bigger picture, I do still favour dollar strength but there are a few factors that are driving dollar weakness in the near term. In order for the greenback rally to resume we will need to see consistently positive economic data, recent data has continued to disappoint. Also, the dollar has hit several lows across primary currencies with the outlook bearish having fallen through key support levels. Expect USD weakness to resume but not for long, I believe we are approaching a full-fledged comeback as central bank divergence and uncertainty in other developed economies re-emerge.
We expect a range today of 1.2212 to 1.2310
Charts : USD/CAD CAD/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/JPY JPY/USD
The Greenback rally stalled overnight as investors reassessed positions after another series of mixed macroeconomic data announcements. Despite a dip in average unemployment claims existing home sales and manufacturing throughout the Mid-West both fell well short of analysts’ expectations prompting a reluctance to deepen long positions. The selloff saw the Euro move back through 1.11 as a stronger than anticipated Manufacturing read bolstered confidence in activity across the Eurozone. The 19 nation block unit found added support in a narrowing yield gap as German bunds rallied. The tapering spreads have helped fuel the Euros run back from decade lows at 1.05 and we saw intraday highs of 1.1181. The advance was however capped with markets avers to lengthen positions as the ECB prepares to flood the market printing more money to increase the pace of bond purchases throughout June. Attentions now turn to Central Bank Figureheads and Draghi and Yellen both front the wires while U.S CPI will act as the primary fundamental driver on the docket for Friday.
Data releases:
No Data
NZD: No Data
Monetary Policy Statement and BoJ Press Conference
GBP: Public Sector Net Borrowing, MPC Member Shafik and BoE Governor Carney Speaks    
Charts : USD/EUR EUR/USD USD/JPY

BER Notebook - FX Market Research & Currency News/Views from our Partners See more >>

OzForex Research
Major Currency Pair Movements Last Week: EUR/USD - Extended its gains last week. USD/JPY - Reversed direction. GBP/USD - Gained ground. AUD/USD - Extended its previous week’s gains. USD/CAD - Extended its previous week’s losses. NZD/USD - Lost a fraction last week. Continue reading
Posted on 10 May 2015 | 7:17 pm
Agility Forex
USDCAD Overnight Range 1.2048-1.2142 The highly anticipated US (and Canadian) employment reports were greeted with a resounding “meh”. NFP was right on consensus and the unemployment rate is 5.4%. EURUSD rose and fell and is currently back to its pre-release level. The Canadian report was worse than expected, which was actually expected, shedding 19,700 jobs.… Continue reading
Posted on 8 May 2015 | 6:37 am
OzForex Research
Major Currency Pair Movements Last Week: EUR/USD - Continued its rally last week. USD/JPY - Continued gaining. GBP/USD - Reversed direction. AUD/USD - Gained another fraction. USD/CAD - Lost a fraction. NZD/USD - Extended its previous week’s losses. Continue reading
Posted on 3 May 2015 | 5:43 pm
OzForex Research
Major Currency Pair Movements Last Week: EUR/USD - Extended its previous week’s gains. USD/JPY - Gained a fraction. GBP/USD - Extended its previous week’s gains. AUD/USD - Gained a fraction. USD/CAD - Extended its previous losses. NZD/USD - Reversed direction last week. Continue reading
Posted on 26 April 2015 | 7:57 pm
OzForex Research
Major Currency Pair Movements Last Week: EUR/USD - Gained ground last week. USD/JPY - Sold off. GBP/USD - Rallied last week. AUD/USD - Extended its gains. USD/CAD - Gave back its previous week’s gains. NZD/USD - Gained ground last week. Continue reading
Posted on 19 April 2015 | 8:33 pm

Foreign Real Estate Investing Do's and Don'ts

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

Why is it that when I go into a currency vendor to send money I never get the rate on the news?

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

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, Transit fees, Correspondent bank fees etc ⇒ read article

Advertised Foreign Transfer Exchange Rate - Accuracy Checks

Investigating reports that the exchange rates for International Money Transfers published by Financial Institutions on their websites are better than those available to their customers via Internet Banking. We will publish periodic Exchange Rate Accuracy checks here.⇒ read article

BestExchangeRates in the Press SMH.com.au Money

“A check with the foreign-exchange comparison website bestexchangerates.net shows a big variation in the exchange rates available when sending money and buying cash.” SMH.com.au ⇒ read article

We make it Easy to Compare the Exchange Rates & Fees of Banks and Online Currency Exchange & Payment Providers.
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. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details. 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 |