Sending a larger amount to ? Request a Free    Multi-Vendor Quote
Recent Transfers
Request a Multi-Vendor Transfer Quote
CanadianForex Foreign Exchange Transfers
Quick Calc

Best Exchange Rates | Compare Foreign Exchange Rates from Banks & Currency Providers

         Intn'l Transfer Rates            Foreign Cash/Travel Money

Welcome to BestExchangeRates

CAD 1.00 = USD Inter-Bank Mid-Market Rate    Invert Rate
Here at BER we are dedicated to helping you find the best possible currency exchange rates for Canadian Dollar Wire Transfers and Travel Money plus market research and information on both banks and non-bank currency providers. Select
CAD Mid-Rates & Charts (30 days & 3 years) :

Thursday, 24 July 2014 - Market Commentary
Daily currency news provided by CanadianForex

: EUR/USD is weaker having traded to the top of its recent range and come near the top of the long term down trend dating from its June 2011 high up at 1.48 . We expect this to be a heavy resistance zone and we may see some choppy moves around this 1.3250 – 1.3350 range. Relative interest rates have provided for recent strength in EUR, and are likely to provide for further support ahead of next week’s FOMC given the focus on the Fed’s forward guidance thresholds. The ECB meeting two days later on August 1st will be a key focus as market participants look to Draghi for his reaction to both the improving outlook for Europe (PMI’s) and the implications of the recent strengthening in Euro.
We expect a range today of 1.3240 to 1.3290
: GBP/USD is weaker falling to near term support around 1.5370 – The pair has been trading in a narrow range all week, and we should see this move develop and give new direction coming into next week’s more data heavy calendar which will include on Thursday, the UK MPC minutes and interest rate decision, and on Friday the US non-farm payrolls numbers.
We expect a range today of 1.5330 to 1.5400
: The Loonie continues to hover in a very narrow trading range (22 bps) as there appears to be very little appetite to challenge the current range of 1.0710 to 1.0780. With no Canadian data the rest of the week we will continue to be range bound unless the larger FX themes carry through to USDCAD.
We expect a range today of 1.0720 to 1.0760
: EUR is better supported today on strong German data. German Flash Manufacturing and Service PMI both came in above expectation while French Manufacturing PMI came in slightly under. EUR/CAD regained some lost ground after testing a new multi month low of 1.4418 in yesterday’s trading. The pair opens back up at 1.4495 this morning.
We expect a range today of 1.4418 to 1.4500
: The Great British Pound is weak this morning, down 0.24%, breaking a new weekly low and continuing to leak to a 7th straight day loss. Sluggish retail sales were the catalyst for another weak day for the Pound as figures printed 0.1% instead of the expected 0.2%. The combination of disappointing retail sales and yesterday’s less than hawkish tone has sparked a little concern in the market. The Sterling is currently trading at 1.8242. The Australian Dollar temporary spiked to a new monthly high before weakening off this morning. The AUD ignored HSBC China manufacturing PMI and is currently trading at 1.0120. The New Zealand Dollar is collapsing and is yet again, breaking a new low. RBNZ has raised inertest rates by 0.25% to 3.50% and adds that “the level of the New Zealand Dollar is unjustified and unsustainable and there is potential for a significant fall”. That has been exactly what the Kiwi has done the past 2 weeks, dropping a total of 265 bps. The Kiwi is currently trading at 0.9212.

Foreign Real Estate Investing Do's and Don'ts

Bloomberg Television interview with Michael Ward, CEO, North America and Europe for USForex on getting the Best Exchange Rates when sending money abroad from the US plus his thoughts on what to look for when Buying Property Abroad and which global cities are popular right now. ⇒ watch video

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

BestExchangeRates in the 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

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