Author: BER ResearchThe BER Research team is a bunch of experienced Currency Exchange professionals dedicated to keeping you up-to-date on the latest exchange rates trends and finding the best rates for you.
You can get in touch with our research team via the contact page.
The UK is highly exposed to gas prices and inflation and the pound has been on the back-foot since the Russian invasion of Ukraine.
Forecasts and predictions for the CAD/EUR exchange rate are driven by the effect of the Ukraine crisis on energy prices.
Forecasts for the Singapore dollar change all the time, affected by news events and relative sentiment towards the Singaporean economy.
The outlook for AUD/THB will be determined by the success of government's measures to re-open the country to tourism after the pandemic.
Forecasts for the Thai baht change all the time, affected by news events and relative sentiment towards the Thai economy.
Immediate forecasts for the euro are being driven entirely by the Russian invasion of Ukraine and the impact on energy prices. This continually updated article reviews EUR bank forecasts and popular cross-rate trends.
The inflating effect of the Russian invasion of Ukraine on energy prices hurts the euro and helps the Aussie pushing up the AUD/EUR rate.
Divergent interest rates and energy costs between the eurozone and the US have dramatically impacted the euro in 2022.
Forecasts for the US dollar change all the time, affected by news events and relative sentiment towards the US economy. This continually updated article reviews the latest forecasts from banks and FX experts as well as news and recent movements of USD in the currency markets.
The outlook for the Australian dollar for the rest of 2022 is positive thanks to optimism over commodity prices. However, if recession becomes a reality, then all of its optimism could suddenly turn sour.
AUD/JPY - This rate is the FX market's bellwether for risk sentiment and this key cross-rate reached an 8 year high around 95 as we approach the end of the year.
Forecasts for the Canadian dollar change all the time, affected by news events and relative sentiment towards the Canadian economy.
The Bank of Japan has resisted monetary tightening -- the yen, as a result, has lost considerable ground against the U.S. dollar in 2022.
The Swiss franc is the traditional safe-haven currency. If there are every any doubts about the cohesion or economic prospects of the Eurozone, then the franc tends to strengthen.
Forecasts for the Malaysian ringgit change all the time, affected by news events such as the Coronavirus and relative sentiment towards the Malaysian economy. This continually updated article reviews MYR bank forecasts and popular cross-rate trends.
The outlook for the Australian dollar for the rest of 2022 is volatile due to up and down commodity prices, but also the massive US dollar rally.
USD/JPY forecasts change all the time, affected by news events and relative sentiment towards the US and Japanese economies and this exchange rate is even more volatile than usual because of the uncertainties around the war in Ukraine.
Volatile oil prices due to the Russian invasion of Ukraine have lead to large price movements for the Canadian Dollar in 2022.
Divergent expectations for inflation and interest rates between the New Zealand and the US have been pushing down the NZ dollar this year.
The pound to euro exchange rate direction is being driven by the energy crisis and the lingering impact of the pandemic on full reopening of the economies in England and the Eurozone.
The Ukraine war and energy crisis has taken over from the coronavirus pandemic as the main theme affecting the GBP to AUD rate & forecasts.
The GBP to USD exchange rate is one of the most interesting/tricky currency pairs to forecast. The GBP/USD can be affected by a number of factors and this makes it a volatile exchange rate at times.
Forecasts and predictions for the AUD/SGD exchange rate change all the time, affected by news events and relative sentiment towards the Australian and Singapore economies. This continually updated article has any recent AUD to SGD bank forecasts, recent trends and historic rates for both currencies.
AUD/HKD Forecast Overview - Rate predictions, trends plus market news.
GBP/INR forecasts change all the time, affected by news events and relative sentiment towards the UK and Indian economies and this exchange rate is even more volatile than usual because of the uncertainties around the Ukraine crisis.
Forecasts for the Philippine peso change all the time, affected by news events and relative sentiment towards the Philippine economy.
The Chinese government has announced that it will gradually increase the flexibility of the CNY exchange rate.
Weakness in AUD/NZD last year was due to the different paths taken by the antipodean central banks on interest rates. In 2022 this has reversed due to the sharp increase in energy prices supporting AUD as Australia is a major coal and natural gas exporter.
Forecasts for the Indian rupee change all the time, affected by news events and relative sentiment towards the Indian economy.
USD/MXN forecasts change all the time, affected by news events and relative sentiment towards the US and Mexican economies and this exchange rate is even more volatile than usual because of the uncertainties around the Coranavirus pandemic and the increase US interest rates.
The strong US stock markets and higher yields from treasury bonds may be the catalyst for strong swings for currencies versus the USD.
HKD forecasts are influenced by three factors; the coronavirus impact, changes in the delta between interest rates in the US and the rest of the world (as HKD is pegged to USD) and also the trade war between China and the US.
Earlier in 2022, AUD had been strengthening against the rupee, passing the 57₹ threshold in March as the tragic situation in Ukraine worsened.
In this article we take a look at Lloyds Bank and examine how Lloyds exchange rates & international money transfer services compare to other options available to you.
OFX is one of the world’s largest and best providers of international money transfers. This highly regulated firm offers a complete foreign exchange solution complete with 24/7 phone support.
We review Revolut, a digital bank that allows users to receive, send and spend money at the interbank exchange rate.
We review Revolut, a digital bank that allows users to receive, send and spend money at the interbank exchange rate.
Setting up regular international payments is easy and can save you time and money
Wise has been making waves in the global payments market since it came on the scene back in 2011 (as Transferwise) and is undoubtedly one of the best services for sending money across borders.
Instarem provides fast, safe and cost effective cross border money transfer services for Individuals and businesses from Australia, Hong Kong, India, Malaysia and Singapore to more than 25 countries.
With WorldRemit, send money online 24/7 to 140 destinations at highly competitive exchange rates. Send to bank accounts and mobile money wallets, top up a loved one's mobile phone or send for cash pick-up.
The United States dollar, commonly referred to as the U.S. dollar, is the official currency of the United States of America.
In this article we take a look at Australia Post exchange rates and foreign currency services. Getting your travel money from the local Auspost branch is convenient but with a little planning (and ordering online) you can also save money for your next trip abroad.
XE works on razor thin margins for money transfers to more than 100 countries and nearly always guarantees a fantastic deal. Transfers can be booked online and over the phone and most are processed within a single working day.
TransferWise’s Borderless Account allows users to hold and convert funds in 40 different currencies and send and spend internationally, all at the “real” exchange rate and with exceptionally low service fees. Users can also receive major-currency payments free of charge.
WorldFirst is a market leader in the international payments space and is consistently ranked among the most reliable and cheapest money transfer handlers for four-figure sums.
OFX Global Currency Account – Independent BER Review OFX Global Currency Account: A Summary OFX has a 30-year history and is one of the largest foreign exchange specialists in the world. It offers a “Global Currency Account” that allows online sellers to hold, send and receive funds in GBP, EUR, USD, AUD, CAD and HKD. […]
In this article we take a look at Bank of America exchange rates & international money transfer services compare to other options available to you.
Currency rates were extremely volatile last week as the coronavirus situation worsened day by day with various countries implementing ever-tougher measures to stop the spread of the disease.
This week the US Dollar was touching three-year highs when valued against a basket of major currencies. The greenback's traditional role as one of the safe-haven currencies is helped by a domestic economy that is largely immune to the threats of the coronavirus.
We compare the features, exchange rates and security of the three best multi-currency accounts available today — the WorldFirst World Account, the TransferWise Borderless Account and the OFX Global Currency Account.
SendFX is a fascinating new entrant in the payments industry. It provides discounted cross-border money transfers, multi-currency wallets and other FX solutions to individuals and SMEs, complete with a customer rewards program.
World Accounts now let your business collect funds and pay local suppliers in HKD or make payments to offshore CNY (CNH) accounts in China.
WorldFirst World Account – Independent BER Review World Account: A Summary WorldFirst, a market leader in the international payments space, offers a multi-currency “World Account” that allows businesses to hold, send and receive funds in 10 major currencies: GBP, EUR, AUD, CAD, JPY, SGD, NZD, CNH and HKD. With a World Account, businesses can invoice […]
Foreign Xchange offer the best travel money exchange rates when you order online for home delivery (5-days). Order multiple different currencies with one simple checkout process. Check rates and place your order from the comfort of your own home. Currencies are delivered to your doorstep to save you time.
In this Sydney CBD guide, we show you how to save money when looking for Currency Exchange and Forex services downtown in the emerald city.
Travel Money Oz has 130+ stores across Australia that stay open late and on weekends, 24x7 online orders and friendly phone service available. Offering 60+ currencies to buy and sell, travel money cards, international transfers and travel insurance.
In this article we show you how to save money if you find yourself looking for Foreign Cash in the Melbourne CBD.
A closed currency is a one that is not available for purchase in countries other than its country of origin. We take a look at what that means for a traveller visiting a country with a closed currency.
OFX has partnered with BestExchangeRates to offer you fee free money transfers. If you register with OFX using the below BestExchangeRates FX partner deal promo code link you won’t pay the usual fees* for transfers. OFX – zero fee offer OFX is the new unified brand name for OzForex, USForex, UKForex, NZForex, and CanadianForex It […]
In this article we show you how to save money if you find yourself looking for Foreign Cash on the Gold Coast.
In this article we show you how to save money if you find yourself looking for Foreign Cash in Adelaide.
We show you how to Pre-order foreign cash online for better currency exchange rates and save money for your next trip.
Read our review of Scotiabank's foreign exchange services and how their exchange rates compare to FX specialist providers, compare rates and check if you can save money when you send and spend abroad.
In this article we show you how to save money if you find yourself looking for Foreign Cash in London.
In late June 2018, Transferwise introduced a new fee structure for Eurozone foreign transfers (from EUR) ... and as always with Transferwise its complicated so we will break it down for you!
BER reviews why CurrencyFair is different to most of the other FX brokers out there.
In this article we show you how to save money if you find yourself looking for Foreign Cash in Birmingham.
In this article we take a look at St George Bank exchange rates and examine how St George foreign exchange compares to other options available to you.
In this article we take a look at Commonwealth Bank and examine how CBA foreign exchange rates & international money transfer services compare to other providers available to you.
We take a look at Westpac bank exchange rates and focus on how Westpac foreign exchange services compare to the best available.
In this article we take a look at ANZ Bank exchange rates and focus on how ANZ foreign exchange services compare to the best available.
In this article we show you how to save money if you find yourself looking for Foreign Cash in Glasgow.
Read our review of HSBC's foreign exchange services and how their exchange rates compare to FX specialist providers, compare rates and check if you can save money when you send and spend abroad.
In this article we show you how to save money if you find yourself looking for Foreign Cash in Manchester.
WeSwap provides a great Pre-paid Travel Card with 16 currencies including Pounds, Euros, Dollars, Yen.
Among the world’s ten most actively traded currencies, it was the Chinese yuan that was leading the pack approaching the end of the Asian business week. Last week: majors all down Aussie dollar (AUD) was down last week, retreating from US0.80 cents, on Australia’s disappointing rise in private sector wages, their massive contraction […]
Hi there, during a week which saw global equity markets suffer their largest losses in two years and broader market volatility pick up, foreign exchange markets were surprisingly calm. A flight to safety benefitted the US dollar, which finished higher against a basket of currencies for the second consecutive week; and the Japanese yen, […]
In this article we show you how to save money if you find yourself looking for Foreign Cash in the Brisbane CBD.
In this article we show you how to save money if you find yourself looking for Foreign Cash in the Perth CBD.
Read our review of DBS foreign exchange services and how their exchange rates compare to FX specialist providers, compare rates and check if you can save money when you send and spend abroad.
We take a look at five tips that can help you avoid common mistakes and save money on overseas property purchases.
In this guide we take a look at Foreign Currency Accounts, both the good and bad aspects and what to watch out for.
We take a look at situations where hedging your FX exposure can maximise your cash-flow. Imagine two scenarios. In the first, you’re a British business supplying mining equipment to a customer in Australia and in 90-days’ time you’ll be receiving payment for goods of 250,000 Aussie dollars. And lets imagine for the sake of simplifying […]
There are several travel money options you can use to save money and make your trip hassle-free.
There are three cost components to foreign transfers: Exchange Rate Margins Provider Fees Bank Fees Lets go through each of them to see where all your hard earned money is going… Exchange Rate Margins The inter-bank exchange rate is the mid-rate you see on the news each night and is only for reference, these rates […]
Tips on Buying your dream property abroad.
In October 2017, Transferwise introduced a new fee structure for foreign transfers from the UK ... its complicated so we will break it down for you!
We take a look at why not using your bank for foreign exchange is generally a good idea to save money. As an example, we compare the 4 big Aussie banks rates for transfers and travel cash to two popular foreign exchange specialists, OFX for transfers and Travelex for travel money.
In this guide we take a look at FX Limit Orders and how they help manage currency volatility Currency valuations change every second. Add up a whole lot of seconds and you’ll get a whole lot of changes to the exchange rate you see now. Add up a whole lot of days or weeks and […]
Businesses need to send money overseas for all manner of reasons, from paying overseas vendors and suppliers to managing their company's foreign exchange risk. Whatever your business Forex requirements it’s important to know that you are getting a good deal and the right advice.
Manage exchange rates when paying for overseas luxury purchases If you are looking to make a foreign transfer for an international outright purchase to get the keys to a luxurious car or yacht overseas, or pay for that wonderful piece of art or jewelry that caught your eye on a recent trip. Before using your […]
In this guide we take a look at FX Forward Contracts and when they are a good idea to manage your currency market risk. An FX forward contract is a tool for hedging against adverse movements in foreign exchange rates. Simply, it is an agreement made today to change money at a fixed, known exchange […]
Comparing exchange rates can be an important for expats when repatriating overseas funds & earnings.
Better exchange rates may be available from our other UK providers. For a comparison of today’s best online currency deals, goto our comparison calculators for Foreign Transfers and Travel Money. Minimum Order Values Euro (€) / US Dollars ($) Orders The minimum order value for Euro and US Dollars is £50 or the equivalent of […]
In this article we take a look at National Australia Bank exchange rates and examine how NAB foreign exchange compare to other options available to you.
The Best Exchange Rates platform is unique in providing a marketing platform for FX providers and services to publish currency rates into the retail marketplace. It is an effective method for Banks and currency exchange vendors to promote their currency exchange rates and services. We do this by providing the following services to Foreign Exchange […]
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 […]
Too long to type bestexchangerates.com on your phone or tablet? Easily distracte…? Try our shorter web address http://ber.me For example a shortcut to the calculator for $15,000 AUD to USD would be ber.me/AUD/USD/15000
Being apathetic about currency exchanges rates can be very damaging for your business. Let’s look at some of the dangerous myths that people cling to, to justify keeping their head in the sand. 1. What goes up must come down Or the reverse: that a sinking currency must recover eventually. History tells us that movements […]
* Rate is as per provider’s website or API at the date indicated. * There is a risk that the foreign exchange prices quoted on Best Exchange Rates may be inaccurate, not available to the user, or available but with additional fees and charges. * Some providers change rates during the day and our information […]
The RBA has made a lot of noise about the economic benefits of a lower Australian dollar recently and most businesses involved in the local tourism sector, and exporters in general, agree a lower currency would help them remain competitive. Some manufacturers might beg to differ however. In theory a lower Aussie dollar can help […]
We came across an article in The Australian Financial Review today on an interesting experiment of splitting a $200K AUD->USD transfer into two, with half sent via OzForex and the other half by one of the ‘big four’ Australian banks on the same day to compare what arrives at the other end. The results are […]
Peer-to-Peer is a recent innovation for international money transfers. The playing field is being levelled with retail customers benefiting from great rates that were previously only available to big companies. At the forefront of this innovation are ‘peer to peer’ money transfers. Online peer to peer (P2P) first began in the early nineties, with file-sharing […]
The Australian dollar has hit new record highs in recent months rising to a 28 year high against the pound sterling (GBP) and also against the Japanese yen (JPY). Despite speculation that the recent RBA interest rate drops would substantially impact its valuation, the strong Aussie dollar looks like it’s here to stay awhile. Australians […]
Review of TD Canada Trust's foreign exchange services and how their exchange rates compare to FX specialist providers, compare rates and check if you can save money when you send and spend abroad.
MoneyGram is available at more than 6,000 Post Offices across Canada. Visit your nearest Post Office so you can transfer and receive money to and from loved ones across Canada and worldwide.
Forex Market Hours: As one major forex market closes, another one opens. Using the GMT timezone, for instance, forex trading hours move around the world like this: available in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am […]
By Carly Pickering, OFX The high Australian dollar means there’s rarely been a better time to travel. Not only are airfares, accommodation and transport more affordable, but your increased shopping power will net you all types of bargains. But while it’s true that the Australian dollar is up for most destinations, there are a few […]
In this article we take a look at Western Union exchange rates & international money transfer services compare to other options available to you.
Interesting article from FT.com on why Retail FX spread trading is a racket…its all in the volatility and ability to bear it. FT.com (Jul 13 2012) Long established as the global hub for wholesale currency trading, Britain is now also the centre of the retail FX margin trading business. And there’s a reason for this: […]
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In this article we take a look at Wells Fargo exchange rates & international money transfer services compare to other options available to you.
In this article we take a look at American Express exchange rates & international money transfer services compare to other options available to you.
When planning an overseas trip figuring out how to access your money while away is complicated and often left to the last minute. You then end up paying high fees for changing foreign cash or with unexpected fees on your credit card for making purchases or withdrawals overseas. With a bit or planning one way […]
How does the gyrations of the Aussie Dollar affect Shoppers, Travellers, Importers, Exporters, Manufacturers, Tourism operators, Educators? Strong Australian dollar (above 0.90 USD): Winners Shoppers: Imports like electronics and cars should be cheaper in coming months if retailers pass on savings from new stock. Buying online from places like the US and UK will also […]
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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 […]
The technical charts on this site use candlestick bars to represent the change in price during each time interval. Candlestick bars allow you to quickly view a summary of what happened during the time period, the shape and color of the bar represents the open, close, high, low and direction of the exchange rate for […]
You may well think that you are being ripped off, but it is not always the case. In simple terms what you see on the news or in the paper or on yahoo finance is the Middle Rate or mid-rate. Some people want to buy a currency and some people want to sell a currency. […]
I was off to the local bank to exchange Aus dollars to Malaysia Ringgit at an exchange rate of 2.63. your site had the Travelex rate published as the best rate at over 2.7 (2.72 I think?). So, I travelled further to get to the nearest Travelex and queued for 30 mins ….. to get […]
In January 2019, Currency Online joined forces with XE. By bringing the two companies together, XE combined their 25 years of authority in currency exchange and Currency Online’s comprehensive range of money transfer services.
At Best Exchange Rates (BER), the privacy of our visitors is of extreme importance to us. This privacy policy document outlines the types of personal information is received and collected by BER and how it is used. Your Choices If you are in the European Union, you may have the legal right to erasure of […]
Well we are seeing more and more interest in what our site has to offer. There is now a large group of loyal followers that are getting access to the Best Exchange Rates today. Here is some of the great feedback that we have receieved from the users of the site Hi, I have taken […]
I have seen it happen. People wasting their lunch hours running up and down the street comparing the rate boards outside the banks – just to see who has the best Foreign Currency Exchange Rates. Well now everyone need look no further than bestExchangeRates.com.au ! We have designed this site so that you need no […]