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Euro Trims Earlier Advance on Eurozone Deflation

‘Brexit’ Referendum Weakens Pound Sterling as ‘Leave’ Camp Lead the Polls The Pound is weak overall today after the latest referendum poll from YouGov showed that support for the ‘Leave’ campaign has overtaken support for the ‘Remain’ camp. Suggesting that the intervention by US President Barack Obama failed to positively influence voters, the poll shows a 3% rise in support for Vote Leave, putting them at 42%, while support for Britain Stronger in Europe rose 1% to hit 41%. View article >
Posted on 29 April 2016 | 9:48 am GMT
Author: TorFX

Australian Dollar – Fri Apr 29: AUD Up vs USD, EUR & CNY and Down vs GBP, NZD & JPY

Friday Apr 29th 10:05 AEST – The Australian Dollar is today up 0.35% against the United States Dollar, down -0.11% against the British Pound Sterling, up 0.12% against the Euro, down -0.06% against the New Zealand Dollar, up 0.06% against the Chinese Yuan, down -2.75% against the Japanese Yen and even against the Singapore Dollar; read on for market news & views, AUD cross rate stats & charts. View article >
Posted on 29 April 2016 | 12:05 am GMT
Author: BER Research

Central Banks Leave Interest Rates on Hold

Pound Sterling Recovers from Fallout of Q1 GDP Figures After slumping yesterday as Q1 GDP figures revealed the expected slowdown in growth, Pound Sterling has been able make some strong gains today. UK house price growth slowed more-than-expected during April, but still remained within the average range for the past twelve months. Elsewhere, David Cameron has formed an unlikely alliance with Brendan Barber, former leader of the Trade Union Centre (TUC), to warn of the dangers a ‘Brexit’ poses to British workers. View article >
Posted on 28 April 2016 | 12:51 pm GMT
Author: TorFX

Australian Dollar – Thu Apr 28: AUD Down vs USD, GBP, EUR, NZD, CNY, JPY & SGD

Thursday Apr 28th 10:05 AEST – The Australian Dollar is today down -1.88% against the United States Dollar, down -1.59% against the British Pound Sterling, down -2.15% against the Euro, down -2.49% against the New Zealand Dollar, down -1.81% against the Chinese Yuan, down -1.64% against the Japanese Yen and down -2.13% against the Singapore Dollar; read on for market news & views, AUD cross rate stats & charts. View article >
Posted on 28 April 2016 | 12:05 am GMT
Author: BER Research

Surprise Australian Deflation sees AUD Tumble against the Majors

Pound Sterling Softens on GDP Figures Pound Sterling’s performance is mixed today, despite the slightly better-than-expected preliminary GDP results for the first quarter of the year. Growth slowed compared to the final three months of 2015, with the rate of economic expansion falling from 0.6% to 0.4% as predicted. However, on an annualised basis, growth remained steady at 2.1%, despite forecasts of a ten basis point slowdown. View article >
Posted on 27 April 2016 | 10:43 am GMT
Author: TorFX

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

There are lots of ways; most importantly you need some information. 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 – 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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