Best Exchange Rates - Compare & Save on Foreign Exchange

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How Best Exchange Rates Saves you Money on FX

For over a decade Best Exchange Rates has been a trusted voice in foreign exchange.

BER compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.

We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.

Over $160M saved so far

More than 3 million satisfied visitors have saved over $160M on foreign exchange.

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Save on International Money Transfers

Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.

Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.

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Outlook & Forecasts for popular currency pairs

EURUSD – The European Central Bank surprised markets mid July when it increased interest rates by 50 basis points, the first rise in over a decade. Due to the Eurozone’s reliance on gas from Russia, the euro remains vulnerable with USD/EUR at a 20-year High at parity in August, whereas it had been 0.87 in early February before the start of Putin’s so called Russian ‘special miliary operation’ in Ukraine.

CADUSD – Volatile oil prices due to the Russian invasion of Ukraine have lead to large price movements to continue for the Canadian Dollar. Towards the end of September the loonie has weakened sharply down to around 0.73 relative to the greenback (1 USD = 1.37 CAD).

AUDUSD – As predicted, the AUD’s traditional vulnerability to risk has left it exposed to a broader correction in late September. CBA have lowered their forecast for the Aussie to fall to US62¢ by December as the slow down in the Chinese economy hits the price of many of Australia’s key commodity exports.

USDJPY – The Japanese yen continues to lose ground against the US dollar. For reference, with USD/JPY hitting 136 in July — a more than 20-Year Low for the yen. Yen weakness against the greenback stems from the interest rate differentials between Japan and the US. The market expects that the Fed Reserve will continue to hike rates aggressively, while the BOJ is committed to low interest rates.