Sending a larger amount to ? Request a Free    Multi-Vendor Quote
Charts
JPY/USD Exchange Rates:
Mid-Rate is
Exchange Rates & Fees are different for International Bank Transfers & Travel Money.  
BestExchangeRates Compare to Save on Foreign Exchange

Daily Currency Market Commentary
Daily currency news provided by OzForex

The U.S Dollar rebounded through trade on Wednesday pivoting higher as revised employment data remained steady and global equities stabilised. The Dollar index measuring the Greenback against a basket of 6 major counterparts rallied 0.5% as the rush to reverse carry trade plays eased. Preliminary Non-Farm payroll numbers printed above July’s soft 177K read while workforce productivity advanced at its fastest pace in 18 months adding support to calls for the Fed to amend borrowing rates when it meets later this month. Markets however remain hugely volatile as China’s economy continues to show signs of a deeper slowdown and global economic growth remains stagnant. China has created a highly sensitive risk driven environment forcing investors to seek safety in haven assets such as the JPY and CHF. The Euro edged back below 1.13 Wednesday and attentions now turn to the ECB and its monthly rate statement and monetary policy announcement.  
Data releases:
AIG Services Index, Retail Sales and Trade Balance
NZD: No Data
No Data
GBP: Services PMI
View more currency reports

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

TorFX Research Team
Protect your International Currency Transfer from Events like ‘Black Monday’ with Risk Management Strategies Just as financial markets began to recover from months of ‘Grexit’ fears and investors started focusing on rate hike speculation again, there was another asset-shaking shift in the form of ‘Black Monday’. The state of China’s economy and the slowing pace… Continue reading
Posted on 27 August 2015 | 4:45 am
BER Team
Heavy selling in financial markets saw the AUDUSD fall more than 2% overnight as global financial markets experienced heavy selling. The steep losses in Chinese markets yesterday were the main driver of the Aussie’s fall as equity markets around the globe collapsed. The largest losses were against the lowest-yielding currencies like the euro and Japanese… Continue reading
Posted on 24 August 2015 | 4:04 pm
BER Team
Two charts that show the woe for emerging market currencies despite a pause in the devaluation of the renminbi, the cause of turmoil across global currencies. The implications — among them a more troubled Chinese economy than previously thought, deflationary strains in western countries and falling equity stocks — are being felt mostly by China’s… Continue reading
Posted on 24 August 2015 | 9:24 am
OzForex Research
Major Currency Pair Movements Last Week: EUR/USD - Extended its previous week’s gains. USD/JPY - Lost ground last week. GBP/USD - Extended its previous week’s gains. AUD/USD - Extended its previous week’s losses. USD/CAD - Gained ground last week. NZD/USD - Gained ground last week. Continue reading
Posted on 24 August 2015 | 9:15 am
BER Team
FX markets remain skittish a few hours after New York traders walked in. Oil prices are trading heavy, US stock futures are soft and there aren’t any US data releases to put a bridge over troubled waters. That should keep USDCAD pointing higher for the balance of the day. So much for a sleepy Monday… Continue reading
Posted on 24 August 2015 | 9:09 am

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 |