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Canadian Dollar – Fri May 6: CAD Up vs MXN & AUD and Down vs USD, EUR, INR, GBP & PHP

Friday May 6th 9:02 EDT – The Canadian Dollar is today down -0.36% against the United States Dollar, down -0.41% against the Euro, up 0.97% against the Mexican Peso, down -0.23% against the Indian Rupee, up 1.13% against the Australian Dollar, down -0.49% against the British Pound Sterling and down -0.72% against the Philippine Peso; read on for market news & views, CAD cross rate stats & charts. View article >
Posted on 6 May 2016 | 1:02 pm GMT
Author: BER Research

United States Dollar – Fri May 6: USD Up vs EUR, CAD, AUD, MXN & INR and Down vs GBP, JPY & PHP

Friday May 6th 8:01 EDT – The United States Dollar is today up 0.09% against the Euro, up 0.19% against the Canadian Dollar, up 1.45% against the Australian Dollar, down -0.1% against the British Pound Sterling, up 1.49% against the Mexican Peso, down -0.28% against the Japanese Yen, up 0.19% against the Indian Rupee and down -0.41% against the Philippine Peso; read on for market news & views, USD cross rate stats & charts. View article >
Posted on 6 May 2016 | 12:01 pm GMT
Author: BER Research

Rising Expectations of Central Bank Stimulus Keeps GBP, AUD, NZD Soft

Fears of Additional BoE Stimulus Weaken Pound The Pound remains soft today following yesterday’s services and composite PMIs completed the glib picture of the UK economy. Survey compilers Markit have suggested that growth may drop to just 0.1% in the second quarter of the year. Concerns that the Bank of England (BoE) could be forced to respond to the weakening economy and referendum uncertainty with an interest rate cut, or further quantitative easing, are also working to keep sentiment cool. View article >
Posted on 6 May 2016 | 9:00 am GMT
Author: TorFX

British Pound Sterling – Fri May 6: GBP Up vs EUR, CHF, AUD & NZD and Down vs USD, JPY & INR

Friday May 6th 9:04 BST – The British Pound Sterling is today down -0.29% against the United States Dollar, up 0.31% against the Euro, up 0.69% against the Swiss Franc, up 1.49% against the Australian Dollar, up 0.53% against the New Zealand Dollar, down -0.3% against the Japanese Yen and down -0.2% against the Indian Rupee; read on for market news & views, GBP cross rate stats & charts. View article >
Posted on 6 May 2016 | 8:04 am GMT
Author: BER Research

Euro – Fri May 6: EUR Up vs CHF & AUD and Down vs USD, GBP, CAD & INR

Friday May 6th 9:05 CEST – The Euro is today down -0.66% against the United States Dollar, down -0.42% against the British Pound Sterling, up 0.43% against the Swiss Franc, up 0.85% against the Australian Dollar, down -0.26% against the Canadian Dollar and down -0.68% against the Indian Rupee; read on for market news & views, EUR cross rate stats & charts. View article >
Posted on 6 May 2016 | 7:05 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 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

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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