BestExchangeRates Blog & News
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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 enough margin to protect against intraday rate volatility. View article >

Featured

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 notes and coins, will charge you a transaction fee on top.
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Featured

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 the largest possible converted amount.
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Featured

Foreign Currency & International Fees for Credit Cards

Travelling with Credit Cards can be expensive!

Wondering what those extra “Fees” are on your credit card statement for purchases in Foreign currencies? Most banks and financial institutions charge these sneaky fees for transactions in a foreign currency (as much as 3% of the amount), only a few do not charge a fee for this so its worth knowing what your card is costing you.
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United States Dollar – Wed Aug 31: USD Up vs EUR, CAD, AUD, GBP, MXN, JPY & PHP and Down vs INR.

View USD Chart Dashboard
Wednesday Aug 31st 10:35 EDT – The United States Dollar is today up 0.12% against the Euro, up 0.3% against the Canadian Dollar, up 0.14% against the Australian Dollar, up 0.12% against the British Pound Sterling, up 0.61% against the Mexican Peso, up 0.65% against the Japanese Yen, even against the Indian Rupee and up 0.3% against the Philippine Peso; read on for market news & views, USD cross rates, trends & charts. View article >

Canadian Dollar – Wed Aug 31: CAD Up vs MXN and Down vs USD, EUR, INR, AUD, GBP & PHP.

View CAD Chart Dashboard
Wednesday Aug 31st 9:02 EDT – The Canadian Dollar is today down -0.51% against the United States Dollar, down -0.31% against the Euro, up 0.27% against the Mexican Peso, down -0.59% against the Indian Rupee, down -0.15% against the Australian Dollar, down -0.46% against the British Pound Sterling and down -0.2% against the Philippine Peso; read on for market news & views, CAD cross rates, trends & charts. View article >

Approaching Headline Data Keeps EUR, CAD Weak

Pound Sterling

GBP/USD 1 Week Chart
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 savings collapsed, indicating consumer spending will remain strong. View article >

British Pound Sterling – Wed Aug 31: GBP Up vs USD, EUR, CHF, AUD, NZD, JPY & INR.

View GBP Chart Dashboard
Wednesday Aug 31st 9:00 BST – The British Pound Sterling is today up 0.19% against the United States Dollar, up 0.54% against the Euro, up 0.62% against the Swiss Franc, up 0.81% against the Australian Dollar, up 0.17% against the New Zealand Dollar, up 1.18% against the Japanese Yen and up 0.1% against the Indian Rupee; read on for market news & views, GBP cross rates, trends & charts. View article >

Euro – Wed Aug 31: EUR Up vs CHF, AUD & CAD and Down vs USD, GBP & INR.

View EUR Chart Dashboard
Wednesday Aug 31st 9:00 CEST – The Euro is today down -0.29% against the United States Dollar, down -0.29% against the British Pound Sterling, up 0.16% against the Swiss Franc, up 0.32% against the Australian Dollar, up 0.21% against the Canadian Dollar and down -0.47% against the Indian Rupee; read on for market news & views, EUR cross rates, trends & charts. View article >

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

View AUD Chart Dashboard
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 -0.32% against the Singapore Dollar; read on for market news & views, AUD cross rates, trends & charts. View article >

New Zealand Dollar – Wed Aug 31: NZD Up vs AUD and Down vs USD, GBP, EUR, CNY & FJD.

View NZD Chart Dashboard
Wednesday Aug 31st 12:02 NZST – The New Zealand Dollar is today down -0.42% against the United States Dollar, down -0.25% against the British Pound Sterling, down -0.09% against the Euro, up 0.25% against the Australian Dollar, down -0.41% against the Chinese Yuan and down -0.42% against the Fijian Dollar; read on for market news & views, NZD cross rates, trends & charts. View article >

United States Dollar – Tue Aug 30: USD Up vs EUR, CAD, AUD, MXN, JPY & PHP and Down vs GBP & INR.

View USD Chart Dashboard
Tuesday Aug 30th 10:35 EDT – The United States Dollar this morning is up 0.13% against the Euro, up 0.06% against the Canadian Dollar, up 0.42% against the Australian Dollar, down -0.26% against the British Pound Sterling, even against the Mexican Peso, up 0.44% against the Japanese Yen, down -0.12% against the Indian Rupee and even against the Philippine Peso; read on for market news & views, USD cross rates, trends & charts. View article >

Canadian Dollar – Tue Aug 30: CAD Up vs AUD and Down vs USD, MXN, INR & GBP.

View CAD Chart Dashboard
Tuesday Aug 30th 9:02 EDT – The Canadian Dollar this morning is down -0.08% against the United States Dollar, even against the Euro, down -0.11% against the Mexican Peso, down -0.24% against the Indian Rupee, up 0.18% against the Australian Dollar, down -0.27% against the British Pound Sterling and even against the Philippine Peso; read on for market news & views, CAD cross rates, trends & charts. View article >

US Dollar Returns to Stronger Form on Inflation Data as Risk Appetite Diminishes

Pound Sterling

GBP/USD 1 Week Chart
After the bank holiday lull the Pound came under fresh pressure thanks to a disappointing raft of lending data. In July mortgage approvals were found to have fallen further than forecast, alongside a similar decrease in net lending to individuals. Altogether this seemed to suggest that confidence within the UK economy was not as robust as previously thought, somewhat undermining the impact of more positive post-referendum data. View article >