Compare & Calculate Exchange Rates/Fees

BER Profile:

  1. Home
  2. BER Research
  3. BestExchangeRates in the Press

BestExchangeRates in the Press

Categories: Markets, Press, Travel Money

June 2-3, 2012 by John Collett

TRAVELLERS always need to have some foreign cash on them as a back-up just in case they are unable to use their credit card or withdraw cash from an ATM.

A check with the foreign-exchange comparison website bestexchangerates.com shows a big variation in the exchange rates available when buying cash. The website calculates what it calls the “international mid rate”.

It shows the rates on offer from seven providers, including most of the big banks, and how much in percentage terms the buyer of the foreign currency would receive below the mid rate.

For example, early this week, the best rate for US Dollars was about 3 per cent below the mid rate and the worst rate about 5 per cent below the mid rate.

While there will be fees when buying travel money, it is also important to check the actual exchange rates being quoted.

smh.com.au

11 Reviews for “BestExchangeRates in the Press”

  1. janep says:

    Hi I see you’ve added a prepaid travel cards to your rate calculator for Australia do you plan on doing same for the UK as I’ve heard these are a better option than buying foreign cash. Thx Jane

  2. bill wooding says:

    do you have
    a link for intervidual currency prices
    I thank you Bill

    1. admin says:

      Hi Bill thx for your question, the links for individual currency pairs are as follows:

      http://bestexchangerates.net/AUD/USD
      http://bestexchangerates.net/AUD/GBP

      etc!

  3. Mark says:

    Question ? I am American and I want to try and make money from trading currency’s and I am married to my wife Sofia and she is from the Philippines , so how do we get more for our money that I send from the united states? I was thinking of exchanging currency’s to make more when deposited in the Philippines ? a

    Any advice ?

    1. admin says:

      Hi Mark, thanks for your question. When sending money from the US to the Philippines you should check our USD/PHP transfer calculator to see which provider is offering the best USDPHP rates this will save you money.

      Here is the link
      http://bestexchangerates.net/USD/PHP/transfer_money

      thx
      the BER team.

  4. Emilia says:

    I would like to know the best time to exchange canadian dollar to us

  5. wendy says:

    hello, there can you tell me what is the best time to buy sterling pounds or eurs because I have trip on coming september

  6. Angel Sotomayor says:

    Hi! I am travellnig to England on august 18 2014, from Miami, can you tell me the best place and time to buy British Pounds ?

  7. Alice says:

    What is the most financially conducive way to exchange money? Banks, Currency Exchange located in malls or at the Border?

  8. Val says:

    When & where is the best time to exchange Canadian check to American bank account?

  9. johanna dunning says:

    I want to transfer euros from my european account into an u.s. account. when is the best exchange rate

Leave a Review

Your email address will not be published. Required fields are marked *

David Brown Author: David Brown

David has extensive experience in foreign exchange markets after multiple roles at investment banks and fintech startups in London and Sydney. He founded the BER platform with the goal of providing Retail and SME customers access to the same exchange rate transparency and competition previously only available to larger institutions. BER is now the leading specialist FX comparison website in Australia and a growing list of countries. You can get in touch with me via email at or via the contact page.
Please note that the opinions of our authors are their own and do not reflect the opinion of BestExchangeRates and should not be taken as a reference to buy or sell any financial product. Full Disclaimer

BER logo BestExchangeRates - We make it Easy to Compare Exchange Rates & Fees of Banks and Currency Exchange & Payment Providers


Postal Address: 76-88 Crown St Woolloomooloo, 2011 NSW Australia.
BestExchangeRates.com is an information only service. By browsing on the website, using our comparison tools or FX provider referral service, 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. Please note that the opinions of our authors are their own and do not reflect the opinion of BestExchangeRates and should not be taken as a reference to buy or sell any financial product. Full Disclaimer | Terms of Service | Privacy Statement