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 it’s worth knowing what your card is costing you.
Too long to type bestexchangerates.com on your phone or tablet?
Try our shorter web address http://ber.me
For example a shortcut to the mid-rate calculator for $15000 AUD to USD would be ber.me/AUD/USD/mid/15000
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.
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.
All Vendor currency exchange rates on BestExchangeRates are compared to what we call the Mid-Market Rate for each currency pair. This mid-market rate (sometimes also called the interbank rate or spot rate) is used in global financial markets and what you normally see reported on the news. It is called the “mid-rate” because it is always half-way between latest BUY and SELL rates for the currency pair.
Hi all, am about to head off on a diving trip to Fiji and was wondering where I can get the best rate for buying some Fiji Dollars?
Hi Forum, I am heading on a boys gambling trip to Vegas (sounds dangerous right!) and wondering whether I should change cash here or wait til over there and just use the ATM’s?
I would like to thank you very much for your wonderful website.
I travel overseas regularly and I find it very unfair the exchange rates that are offered.
They vary so much and it is almost impossible to get an accurate answer.
After working overseas for 3 months I come home with my earning in cash, as you can imagine I would not be happy giving my hard earned money over too the banks with rates that are over 12% of the actual exchange rates!