Turkish Lira 1 Week charts
You know a country has a strange sort of democracy when despite a coup attempt over the weekend, the currency is down less than 1 percent versus the US Dollar. In fact the Turkish Lira is even up for the week versus the Japanese Yen!
Please note: the above quoted exchange rates, updated Mon Jul 18, are market mid-rates that will have a commission applied by your typical high street bank. View article >
Brexit plunges to 30 year lows GBPUSD was down 12% at one point but has regained half those losses on calming remarks by Governor of the Bank of England Mark Carney saying that Brexit contingency plans are under way.
Traffic on BestExchangeRates have been up 500% as our customers look at what today’s dramatic events mean for them.
View the latest GBP chart dashboard hereView article >
British travellers are in a rush to buy foreign currency before the approaching Brexit vote and their summer holidays.
The GBP/EUR exchange rate has reversed its yearly decline recently against a basket of currencies. It hit a low of 1.237 against the Euro in the first half of April and since then has improved 4%. This was on predictions the ‘Brexit’referendum would be to stay in Europe. View article >
BestExchangeRates was selected as a delegate for the Australia Week in China (AWIC) trade delegation to China with Prime Minister Malcolm Turnbull in April 2016.
AWIC 2016 was the largest business mission ever organised by Austrade consisting of almost 1000 delegates from around 750 companies. AWIC 2016 focussed on forging business linkages, building the bilateral relationship with our largest trading partner and demonstrating Australia as a trusted trade, investment, education and tourism partner with China. View article >
From time to time we perform BER Rate Checks to ensure the advertised rates for Banks and Brokers are accurate.
The below check was run for ANZ Internet Banking International Money Transfers (IMT) Rates (fx rates advertised at anz.com) on 28/04/2015 and 4/5/2015 (AUD exchange rates).
The rates on both dates and for all currencies were worse than those advertised by ANZ for IMT. View article >
Here at BER we are very keen on promoting Exchange Rate Margin and Fee transparency. Where possible we publish the publicly available bank and fx vendor exchange rates advertised on their publicly accessible websites and any incorrect rates would affect the vendor’s positions in the BER comparison table.
Some customers have been reporting that the exchange rates for International Money Transfers published by their Financial Institutions on their websites are better than those available to their customers via Internet Banking. View article >
Officially recorded remittances by the World Bank to developing countries were $435 billion in 2014, an increase of 5 percent over 2013. The growth rate is substantially faster than the 3.4 percent growth recorded in 2013, driven largely by remittances to Asia and Latin America.
Remittances to developing countries will continue climbing in the medium term, reaching an estimated $454 billion in 2015. View article >
NEW DELHI: The Reserve Bank of India (RBI) in its monetary policy review enhanced the limit under Liberalised Remittance Scheme (LRS) to $250,000 per person per year.
“On a review of the external sector outlook and as a further exercise in macro prudential management, it has been decided to enhance the limit under the LRS to $250,000 per person per year,” RBI governor Raghuram Rajan said. View article >
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