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BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your International Money Transfers. We also provide currency converter calculators, up-to-date foreign exchange research, news, charts and information on currency vendors.

Daily Currency Market Commentary
Daily currency news provided by OzForex

A combination of poor Eurozone data and US dollar momentum saw the Euro lose nearly a cent during the back end of last the week against the Greenback. The Euro fell sharply after German PPI numbers were flat which remains substantially under ECB expectations. In Europe on Monday ECB president Draghi’s speech in relation to monetary controls will be watched closely as the recent decline in interest rates and new stimulus measures will be of the highest importance to the European economic recovery. The US fed continued to talk this week about what needs to be done to help with the economic recovery and investors were assured interest rates will remain on hold for a considerable time. An array of US data will be the focus this coming week as fed chair Yellen has made it perfectly clear economic numbers need to improve. 
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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 PressSMH.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

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