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This comparison service includes as many money transfer and currency providers as possible.
The Recommended providers are those who, provide the best over-all rates, technology and service.
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Pound Charges Ahead as Latest Poll Shows Huge Lead for EU Support
New poll results from the Telegraph have shown that support for a ‘Brexit’ has fallen considerably. The ‘Remain’ camp has extended a 13-point lead against the ‘Leave’ campaign, with support split 55% to 42% respectively. These figures have proved crucial for two reasons. Firstly, they represent the intentions of those who definitely intend to vote; until recently Vote Leave had an edge over Britain Stronger in Europe because their supporters were more likely to actually vote. View article >
Tuesday May 24th 9:04 BST – The British Pound Sterling this morning is up 0.14% against the United States Dollar, up 0.42% against the Euro, up 0.4% against the Swiss Franc, up 1.02% against the Australian Dollar, up 1.48% against the New Zealand Dollar, up 0.1% against the Japanese Yen and up 0.77% against the Indian Rupee; read on for market news & views, GBP cross rate stats & charts. View article >
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 >
Monday May 23rd 9:04 BST – The British Pound Sterling starts the week up 0.12% against the United States Dollar, even against the Euro, even against the Swiss Franc, even against the Australian Dollar, down -0.42% against the New Zealand Dollar, down -0.39% against the Japanese Yen and even against the Indian Rupee; read on for market news & views, GBP cross rate stats & charts. View article >
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 >
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 >
There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers:
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 >
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 >
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 >
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 >
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 >
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
We make it Easy to Compare Exchange Rates & Fees of Banks and Online Currency Exchange & Payment Providers
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