David Brown
Recent articles by David Brown - currency news, market trends, and exchange rate insights.
Recent articles by David Brown - currency news, market trends, and exchange rate insights.
The Swiss franc has experienced a significant surge, reaching a decade-high against the U.S. dollar, following President Donald Trump's announcement of increased tariffs on Chinese imports. This development has intensified market volatility and heightened demand for safe-haven assets.
The Chinese yuan has weakened following the United States' decision to impose a 125% tariff on Chinese imports, prompting the People's Bank of China to intervene to stabilize the currency.
The Mexican peso's outlook for 2025 is clouded by potential U.S. tariffs and economic policies, with forecasts indicating possible depreciation against the U.S. dollar.
Recent U.S. trade policies, including aggressive tariffs on auto imports, have introduced significant volatility in global currency markets, affecting major currencies such as the euro, British pound, and Japanese yen.
The Indonesian rupiah approaches a historic low against the U.S. dollar, influenced by fiscal worries and government spending plans.
The global currency landscape is experiencing notable shifts as the euro strengthens against major currencies, influenced by economic policies, geopolitical events, and fluctuating oil prices.
We compare the features, exchange rates and security of the three best multi-currency accounts available today — the Wise Account, the WorldFirst World Account, and the OFX Global Currency Account.
Markets have shifted focus to the interest rate policies of other major central banks rather than the Federal Reserve.
Economists are predicting that the Canadian dollar could rise this year.
The Singapore dollar has reached its highest level in over a decade, boosting outbound travel and curbing inflation, but also putting pressure on exporters and local businesses. While sectors like logistics and finance benefit, retail, hospitality, and exports face challenges from the strong currency.
The dollar has risen by nearly 20% against most currencies compared to this time last year.
Stronger AUD, USD, and GBP Against the Euro due to surprise French elections.
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.
OFX is a trusted international money transfer service, supporting transfers to over 170 countries in 50+ currencies. With no upfront fees, 24/7 access, and robust regulatory compliance, it offers a secure and convenient platform for global transactions.
Through these collected testimonials, you'll gain insights into various aspects of XE's service, including the competitiveness of their exchange rates, the clarity and fairness of their fees, the user-friendliness of their website and mobile app, and the quality of customer support provided.
Understanding the Euro is not only crucial for navigating the financial landscapes of these countries but also for appreciating the broader economic and cultural contexts that shape Europe today.
USD sinks as global currency markets react to slowing US inflation, prompting a surge in other major currencies and a potential end to the Federal Reserve's tightening cycle.
Central Bank Chief's Removal Sets Stage for Currency Liberalization
AUD Bolstered by Jobs Report, NZD Dented by Risk-off Flows, EUR Lifted by Hawkish ECB, USD Relinquishes Gains, CAD Steady Amid Rising Oil Prices
The US dollar weakened due to fears surrounding regional banks, while the ECB offered a less hawkish than expected 25bp hike and the Swiss franc is in demand.
April Forex Outlook: Banking Crises Cast Shadow Over Global Currency Markets
We look at tips for finding the best value locations for skiing, there are countries where skiing may be more affordable due to favourable exchange rates or lower costs of living.
As we approach mid-year a shift has taken place in currency markets with the narrative less about interest rates hikes and more risk-off worries about a possible coming recession.
OFX have made paying Australian Tax to the ATO from overseas easy while saving money on bank exchange rates and fees.
During periods of rising inflation a stronger currency benefits a country's economics as this makes imports cheaper.
Singapore is chasing tourists again relaxing some of their covid rules
Recognising the impact of Covid-19 on its financial status, Hong Kong has reverted back to more lenient travel restrictions to improve life for both residents and travelers.
Global travel starts to revive so Thailand moves to revive its Economy after the pandemic.
'Fortress New Zealand' opening after two long pandemic years - Aussies welcomed back first on April 12th and other nationalities on 1st of May.
Any curbs to Russian access to its foreign reserves could present a bigger blow to the Russian economy than the impact of a ban on Swift.
Russia attacking Ukraine has sparked volatility and a flight to safe-haven currencies such as CHF.
Fears Chinese mega developer Evergrande’s collapse will spark a contagion event and the ongoing European gas crisis has hit confidence.
Setting up regular international payments is easy and can save you time and money
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.
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.
The United States dollar is the official currency of the United States of America but also is the world’s dominant reserve currency, and it accounts for roughly 62% of global foreign exchange reserves, double that of the Euro and Yen. In fact, the US Dollar has been the world’s reserve currency for over 100 years.
The holy grail when you Send Money Abroad is finding an organisation that you can trust and one that offers the best exchange rates along with transparent, smart and straightforward customer service.
The Wise 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.
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.
The OFX Global Currency Account is perfect for sellers who need foreign bank accounts in GBP, EUR, USD, AUD, CAD and HKD.
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.
Key Takeaways from the ACCC inquiry into currency conversion services. BestExchangeRates referenced among comparison sites playing an important role in customer awareness of the excessive currency margins charged by banks.
The operator of the world’s largest financial messaging system, SWIFT, has said it will trial real-time "gpi" cross-border payments using the European Central Bank's TIPS platform. SWIFT gpi has been developed as an answer to distributed ledger payment technologies, most notably Ripple.
For many currency routes, FX costs have been slashed in recent years by a number of industry-disrupting fintechs, allowing such firms to slice great chunks from the banking sector’s lucrative remittance markets. Banks are fighting back, though, by developing low-cost, digital offerings of their own.
World Accounts now let your business collect funds and pay local suppliers in HKD or make payments to offshore CNY (CNH) accounts in China.
Remittances to low and middle-income countries reached a record high last year, the World Bank has said. Average transaction costs remain high, with an average of 7 percent paid to transfer $200 or equivalent.
Citigroup’s announcement this week of plans to develop its own consumer-payments platform is the latest indication of a fightback by the banking establishment against fintech rivals that threaten its most lucrative markets.
Ant Financial, the Chinese fintech giant that recently acquired WorldFirst, has set its sights on Europe, where it plans to take its share of both cross-border and point-of-sale payments.
The Japanese FSA has announced it will finally remove a ¥1 million (US$9,000) cap on cross-border money transfers handled by non-banking entities, paving the way for a major overhaul of Japan’s remittance industry.
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.
Foreign transfers to buy overseas property are typically for large amounts, so it's important to be aware that any currency movements of just a few percent can have a large cost to you when you come to settle.
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.
In this article we show you how to save money if you find yourself looking for Foreign Cash in Adelaide.
In this article we show you how to save money if you find yourself looking for Foreign Cash on the Gold Coast.
We show you how to Pre-order foreign cash online for better currency exchange rates and save money for your next trip.
The current mid-market rate for a currency pair is considered the best exchange rate available at any moment.
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 show you how to save money if you find yourself looking for Foreign Cash in Glasgow.
In this article we show you how to save money if you find yourself looking for Foreign Cash in Manchester.
Dynamic Currency Conversion (DCC), it comes at a cost.
In this article we show you how to save money if you find yourself looking for Foreign Cash in the Perth CBD.
In this article we show you how to save money if you find yourself looking for Foreign Cash in the Brisbane CBD.
In this guide we take a look at Foreign Currency Accounts, both the good and bad aspects and what to watch out for.
There are several travel money options you can use to save money and make your trip hassle-free.
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.
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.
Comparing exchange rates can be an important for expats when repatriating overseas funds & earnings.
A little bit of research and comparing travel money exchange rates before you go on holiday, could help you increase how much cash you have available to spend overseas.
Avoid the hidden fees and charges when using your credit card abroad. Find out how to save money on your next trip by using a Prepaid Travel Card or ordering your foreign cash online.