Sending a larger amount to ? Request a Free    Multi-Vendor Quote
Recent Transfers
Request a Multi-Vendor Transfer Quote
UsForex Foreign Exchange Transfers
 
Quick Calc
Mid-Rates
-->

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

         Intn'l Transfer Rates            Foreign Cash/Travel Money

USD/EUR Exchange Rate

USD 1.00 = EUR Reference Mid-Rate       /
Exchange Rates are different for International Bank Transfers & Travel Cash/Cards   Select
BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your International Money Transfers and Travel Money/Card transactions. We also provide currency converter calculators, up-to-date foreign exchange research, news, charts and information on currency vendors.

Wednesday, 17 September 2014 - Market Commentary
Daily currency news provided by UsForex

: 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
Charts : EUR/USD USD/EUR
: 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
Charts : GBP/USD USD/GBP
: Will they remove “considerable time” from the statement or leave it in? Market’s yesterday appear to have had considerable time to debate and ponder this and were busy second guessing themselves in the afternoon as we observed the Greenback being sold right across the board. This move did coincide with the announcement that the PBOC was injecting 500 bln yuan (82 bln) to the top Chinese Banks which was a positive for commodities and global growth. Bank of Canada Governor Poloz continued with his Neutral Stance when speaking on the importance of a floating exchange rate yesterday afternoon. If there was any dovish tone left since he last spoke it is definitely erased now, but it would be way too early to say he is hawkish. He highlighted that Canada remains at 1% versus the US at 0% and made it clear there was no pressure to move towards raising rates. The USD moved from 1.1070 to 1.0970 throughout yesterday’s session, yet this move was mainly due to US weakness on jitters ahead of the FOMC meeting and the PBOC injection of funds.
We expect a range today of 1.0960 to 1.1080
Charts : USD/CAD CAD/USD
: USD/JPY has seen significant weakness today, falling back below the 100 level. The Yen strength was caused by market perception of a “stronger” than expected CPI number, coming in at 0.2% vs 0.1% expected and indicating an increase of inflation in line with the BOJ policies. However, looking at the various components which make up this number we can see that the core drivers of inflation have come from higher energy prices and higher food costs – indicating “bad” cost push inflation, instead of “good” demand pull inflation (via increasing wages). This is not a good sign for the long term health of Japanese companies or the economy.
We expect a range today of 98.00 to 98.60
Charts : USD/JPY JPY/USD
US Stocks rose overnight whilst the US dollar faltered when valued against a handful of major currencies weighed down by a slight shift in bets that the Federal Reserve won’t be in any hurry to raise rates. Whilst on the topic of stimulus, headlines overnight revealed China provided 500 billion yuan worth of liquidity to the country’s five biggest banks stepping up its efforts to spur additional growth. With stimulus set to be front and centre tonight any change in language from Janet Yellen during her testimony this evening could have profound implications for the world’s reserve currency. With currency markets seemingly adopting “a wait and see approach” moves overnight have been relatively muted with the Greenback stronger against the Yen (107.168) whilst the Euro has outpaced the US dollar (1.2957) supported by a positive read of consumer sentiment from Germany  
Data releases
MI Leading Index
NZD: Current Account
No data today
GBP: Claimant Count Change, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes
Charts : USD/EUR EUR/USD USD/JPY

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 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

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