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Australian Dollar – Tue May 24: AUD Up vs EUR, NZD & CNY and Down vs JPY & SGD

Tuesday May 24th 10:05 AEST – The Australian Dollar this morning is even against the United States Dollar, even against the British Pound Sterling, even against the Euro, up 0.15% against the New Zealand Dollar, up 0.11% against the Chinese Yuan, down -0.69% against the Japanese Yen and down -0.25% against the Singapore Dollar; read on for market news & views, AUD cross rate stats & charts. View article >
Posted on 24 May 2016 | 12:05 am GMT
Author: BER Research

New Zealand Dollar Boosted, US Dollar Weakened as Fed Hike Speculation Cools

Pound Quickly Recovers from UK Treasury’s New ‘Brexit’ Recession Warning New predictions and analysis from the UK Treasury have kicked off the start of the week by reigniting the ‘Brexit’ referendum debate. The report predicts that UK GDP would fall -3.6% in the two years immediately following a ‘Leave’ vote, pushing the country back into recession. It also claims that house prices would increase by 10% and inflation would rise sharply. View article >
Posted on 23 May 2016 | 9:48 am GMT
Author: TorFX

Australian Dollar – Mon May 23: AUD Up vs GBP and Down vs EUR, NZD, CNY, JPY & SGD

Monday May 23rd 10:05 AEST – The Australian Dollar starts the week even against the United States Dollar, up 0.5% against the British Pound Sterling, even against the Euro, down -0.16% against the New Zealand Dollar, down -0.09% against the Chinese Yuan, down -0.23% against the Japanese Yen and down -0.1% against the Singapore Dollar; read on for market news & views, AUD cross rate stats & charts. View article >
Posted on 23 May 2016 | 12:05 am GMT
Author: BER Research

Monetary Policy Speculation Drives GBP, EUR, USD Exchange Rates

Pound Cedes Ground on BoE Rate Cut Warning Correctional trading and yesterday’s dovish warning from a Bank of England (BoE) policymaker have weakened the Pound today. Yesterday’s strong retail sales figures helped Sterling to climb to a 15-week high against the Euro and a 13-and-a-half-week high against the Australian Dollar. Traders are therefore profit taking today, softening the Pound. However, comments from Monetary Policy Committee (MPC) member Jan Vlieghe have weakened Sterling after he warned that the BoE may need to cut interest rates even if the UK votes to remain in the European Union. View article >
Posted on 20 May 2016 | 9:42 am GMT
Author: TorFX

Australian Dollar – Fri May 20: AUD Up vs EUR & CNY and Down vs USD, GBP, NZD, JPY & SGD

Friday May 20th 10:05 AEST – The Australian Dollar is today down -0.11% against the United States Dollar, down -0.08% against the British Pound Sterling, up 0.08% against the Euro, down -0.22% against the New Zealand Dollar, up 0.08% against the Chinese Yuan, down -0.31% against the Japanese Yen and down -0.24% against the Singapore Dollar; read on for market news & views, AUD cross rate stats & charts. View article >
Posted on 20 May 2016 | 12:05 am GMT
Author: BER Research

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 needs, most importantly who is taking the smallest margin and fees to give you the largest possible converted amount. Below is an example of the AUDGBP percentage margins that are charged by banks and non-bank currency providers. 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 enough margin to protect against intraday rate volatility. 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 always half-way between latest BUY and SELL rates for the currency pair. 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 GMT; and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT. View article >

BestExchangeRates wins Best International Money Transfer Comparison Provider 2016

TradeFinanceGlobal.com – 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 the site. The judging panel were particularly impressed by the range of currency related products BER looks at and complimentary data displayed in easy to access forms. 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. View article >
Posted on 8 December 2015 | 10:43 am GMT
Author: David Brown

BestExchangeRates on UKTI trade mission to London Fintech week

Watch official UKTI Fintech Mission video 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 players and toured co-working spaces such as WeWork and Level39 (Europe’s largest fintech accelerator). View article >
Posted on 1 October 2015 | 10:59 am GMT
Author: David Brown
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