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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 Currency conversion rates : Banks charge huge margins for currency conversion to the majority of businesses and individuals. They tend to fix rates once a day and therefore need to incorporate... View article >

Why compare foreign currency exchange rates?

There are a number of reasons. Some foreign currency exchange outlets may be more keen for your business or have a lower cost base and can therefore afford to provide better rates. You also need to watch out for additional fees that you might get when exchanging money. Some places, particularly around exchange foreign currency... View article >

How can I get the best possible foreign currency exchange rate?

There are lots of ways; most importantly you need up-to-date information on exchange rates and fees. When you use BestExchangeRates you can see clearly which currency vendor is offering the best deal for your International Money Transfers and Travel Money needs, and most importantly who is taking the smallest margin and fees to give you... View article >

Approaching Headline Data Keeps EUR, CAD Weak

Improving UK consumer confidence has boosted Pound Sterling today. According to the GfK Consumer Confidence Survey for August, the initial ‘Brexit’ shock is wearing off quicker-than-expected. The index, forecast to rise to -8, instead climbed from -12 to -7. Of particular interest to investors was the fact that personal... View article >
Posted on 31 August 2016 | 9:11 am GMT
Author: TorFX

Australian Dollar – Wed Aug 31: AUD Up vs JPY and Down vs USD, GBP, EUR, NZD, CNY & SGD.

Wednesday Aug 31st 10:05 AEST – The Australian Dollar is today down -0.66% against the United States Dollar, down -0.49% against the British Pound Sterling, down -0.34% against the Euro, down -0.25% against the New Zealand Dollar, down -0.66% against the Chinese Yuan, up 0.32% against the Japanese Yen and down... View article >
Posted on 31 August 2016 | 12:05 am GMT
Author: BER Research
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