Sending a larger amount to ? Request a Free    Multi-Vendor Quote
JPY/USD Exchange Rates:
Reference 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

Diverging monetary policy expectations continued to drive direction throughout trade on Monday steering the Greenback to eight and a half month highs against a basket of currency counterparts. Investors resumed shorting EURO positions on expectations the European Central Bank will announce further stimulus measures when it meets later this week. The weight of expectation has been exacerbated over the last month with investors heavily pricing in a deeper cut to already negative deposit rates or an expansion to the ECB’s current bond buying agenda. The 19 nation shared unit fell below last week’s low touching 1.0557 signalling a shift below recent supports at 1.06. The Euro has depreciated some 4% throughout November and over 12% through the year thus far; the question is will the selloff continue? While we expect continued pressure in the lead up to Thursdays ECB policy meeting and accompanying press conference attentions this week will also be keenly attuned to U.S data sets, namely Fridays Non-Farm Payroll release. Continued macroeconomic stability will solidify claims and calls for an FOMC rate amendment and highlight the gap in monetary policy.  With markets now eyeing a move to 1.05 affirmation of increased ECB easing and a hike in US interest rates could see EUR/USD test April lows at 1.0450.
Data releases:
Building Approvals, AIG Manufacturing Index, Current Account Balance, RBA Cash Rate, RBA Rate Statement and Commodity Prices.
NZD: Overseas Trade Index and GDT Price Index
Final Manufacturing PMI, Capital Spending and 10 Year Bond Auction
GBP: Bank Stress Test Results, BoE Financial Stability Report and FPC Statement
View more currency reports

BER Notebook - FX Market Research & Currency News/Views from our Partners View Latest >>

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 Money

“A check with the foreign-exchange comparison website shows a big variation in the exchange rates available when sending money and buying cash.” ⇒ 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 |