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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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 – Fri Sep 30: USD Up vs EUR, CAD, AUD & PHP and Down vs GBP, JPY & INR.

View USD Chart Dashboard
Friday Sep 30th 10:35 EDT – The United States Dollar is today up 0.38% against the Euro, up 0.08% against the Canadian Dollar, up 0.16% against the Australian Dollar, down -0.09% against the British Pound Sterling, even against the Mexican Peso, down -0.36% against the Japanese Yen, down -0.42% against the Indian Rupee and up 0.12% against the Philippine Peso; read on for market news & views, USD cross rates, trends & charts. View article >

Canadian Dollar – Fri Sep 30: CAD Up vs AUD and Down vs USD, INR & GBP.

View CAD Chart Dashboard
Friday Sep 30th 9:02 EDT – The Canadian Dollar is today down -0.47% against the United States Dollar, even against the Euro, even against the Mexican Peso, down -0.87% against the Indian Rupee, up 0.07% against the Australian Dollar, down -0.22% against the British Pound Sterling and even against the Philippine Peso; read on for market news & views, CAD cross rates, trends & charts. View article >

Pound Struggles in Face of BoE Easing

Sterling

The Pound (GBP) noticeably dropped against most of the majors yesterday as investors were spooked by the possibility of additional easing from the Bank of England (BoE). Market rates indicate that around -5bps of cuts are already priced into Sterling for November, but some analysts are suggesting that the rate reduction could be as large as -15bps. The UK’s debt-to-GDP ratio is one of the worst in the developed world at 5% and traders fear that foreign investment in the UK could markedly drop upon an official exit from the EU. View article >

British Pound Sterling – Fri Sep 30: GBP Up vs AUD and Down vs USD, EUR, CHF, NZD, JPY & INR.

View GBP Chart Dashboard
Friday Sep 30th 9:00 BST – The British Pound Sterling is today down -0.32% against the United States Dollar, down -0.1% against the Euro, down -0.79% against the Swiss Franc, up 0.55% against the Australian Dollar, down -0.26% against the New Zealand Dollar, down -0.97% against the Japanese Yen and down -0.63% against the Indian Rupee; read on for market news & views, GBP cross rates, trends & charts. View article >

Euro – Fri Sep 30: EUR Up vs GBP, AUD & CAD and Down vs USD, CHF & INR.

View EUR Chart Dashboard
Friday Sep 30th 9:00 CEST – The Euro is today down -0.08% against the United States Dollar, up 0.42% against the British Pound Sterling, down -0.57% against the Swiss Franc, up 0.52% against the Australian Dollar, up 0.41% against the Canadian Dollar and down -0.5% against the Indian Rupee; read on for market news & views, EUR cross rates, trends & charts. View article >

Australian Dollar – Fri Sep 30: AUD Down vs USD, GBP, EUR, NZD, CNY, JPY & SGD.

View AUD Chart Dashboard
Friday Sep 30th 10:05 AEST – The Australian Dollar is today down -0.88% against the United States Dollar, down -0.24% against the British Pound Sterling, down -0.78% against the Euro, down -0.49% against the New Zealand Dollar, down -0.98% against the Chinese Yuan, down -0.84% against the Japanese Yen and down -0.46% against the Singapore Dollar; read on for market news & views, AUD cross rates, trends & charts. View article >

New Zealand Dollar – Fri Sep 30: NZD Up vs GBP & AUD and Down vs USD, EUR, CNY & FJD.

View NZD Chart Dashboard
Friday Sep 30th 13:02 NZDT – The New Zealand Dollar is today down -0.39% against the United States Dollar, up 0.25% against the British Pound Sterling, down -0.29% against the Euro, up 0.49% against the Australian Dollar, down -0.49% against the Chinese Yuan and down -0.31% against the Fijian Dollar; read on for market news & views, NZD cross rates, trends & charts. View article >

United States Dollar – Thu Sep 29: USD Up vs JPY & INR and Down vs EUR, CAD, AUD & MXN.

View USD Chart Dashboard
Thursday Sep 29th 10:35 EDT – The United States Dollar is today down -0.07% against the Euro, down -1.35% against the Canadian Dollar, down -0.14% against the Australian Dollar, even against the British Pound Sterling, down -0.35% against the Mexican Peso, up 1.08% against the Japanese Yen, up 0.58% 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 – Thu Sep 29: CAD Up vs USD, EUR, MXN, INR, AUD, GBP & PHP.

View CAD Chart Dashboard
Thursday Sep 29th 9:02 EDT – The Canadian Dollar is today up 1.09% against the United States Dollar, up 1.09% against the Euro, up 0.96% against the Mexican Peso, up 1.65% against the Indian Rupee, up 1.2% against the Australian Dollar, up 1.04% against the British Pound Sterling and up 0.96% against the Philippine Peso; read on for market news & views, CAD cross rates, trends & charts. View article >

Canadian Dollar Supported by OPEC Expectations

Sterling

The Pound (GBP) held steady yesterday as members of the Bank of England gave conflicting messages over the UK economy. BoE Governor Mark Carney was upbeat on the UK’s long-term economic prospects but warned growth was slowing in the wake of ‘Brexit’. Later in the day however, Deputy BoE Governor Minouch Shafik warned that further monetary stimulus might be required to ‘ensure that a slowdown in economic activity doesn’t turn into something more pernicious’. View article >