Author: David BrownDavid 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.
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.
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.
Whether you're a long-time user or new to the OFX International Money Transfer service, your stories are incredibly valuable. Your insights will help guide and inspire others in our community. Let's share and learn together, making international transfers smoother for everyone.
The Euro (€) is more than just a currency; it's a symbol of European unity and economic strength. Adopted by 19 of the 27 European Union member countries, the Eurozone forms one of the largest and most powerful economic regions globally. 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.
August has seen the Australian dollar under pressure after China’s unexpected lending rate cuts, hinting at concerns about the health of the world’s second-largest economy. On the other side of the spectrum, the Russian rouble has shown signs of economic strain, notably affected by international sanctions in light of the conflict with Ukraine. The People’s […]
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
Economists are predicting that the Canadian dollar could rise this year.
Markets have shifted focus to the interest rate policies of other major central banks rather than the Federal Reserve.
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.
The strength of the US dollar and interest rate movements by the Federal Reserve are behind the weakness of Asian currencies.
The dollar has risen by nearly 20% against most currencies compared to this time last year.
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.
Property debt crisis in China, central bank bond policy and the energy crisis are combining for a volatile October - it is ever thus!
Fears Chinese mega developer Evergrande’s collapse will spark a contagion event and the ongoing European gas crisis has hit confidence.
We review the exchange rates of Bitso Transfer that lets you send and receive money between friends. Fast and easy, without any fees.
Setting up regular international payments is easy and can save you time and money
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 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.
We look at the Pros & Cons of using a Travel Card on your travels 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 […]
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.
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.
The OFX Global Currency Account is perfect for sellers who need foreign bank accounts in GBP, EUR, USD, AUD, CAD and HKD.
When juggling finances and the many other concerns that come with running a small business, the hurdles may sometimes prove overwhelming. “Entrepreneurs and startup founders are solely responsible for their company’s finances and accounting. You alone are responsible for creating the budget enforcing restrictions and controlling your income and spending. Remember that the largest contributor […]
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.
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.
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.
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 […]
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.
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.
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.
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.
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.
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.
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 […]
There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers and make sending money internationally very expensive: Currency fees Currency conversion rates : Banks charge huge margins for currency conversion to the majority of businesses and individuals. They tend to fix rates once […]
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.
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 […]
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 […]
TradeFinanceGlobal.com – London Friday 19th February 2016: The judging panel are delighted to announce that we have chosen BestExchangeRates as the winner for the: “Best International Money Transfer Comparison Provider” award. We felt that the company takes a fresh approach to the currency transfer market with its simplicity and the clarity of information displayed on […]
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
Money Exchange TV’s Andrew Barnett interviews BER CEO, David Brown, for Sky News Money. David explains how to save money on your travels using a prepaid travel card, and why you should never exchange money at the airport departure gate.
In September BestExchangeRates was one of 10 Australian fintech startups selected from 70 applications by UK Trade and Investment (UKTI), a UK Government department, to take part in a trade mission to pitch at London Fintech Week. We were lavished with attention, events and presentations, made valuable connections with some of the industry’s most influential […]
UK Trade & Investment (UKTI) Australia has announced the names of 10 successful Australian fintech companies that will take part in a delegation to London in September. The 10 companies will receive airfares courtesy of British Airways, entry to London Fintech Week, and “the opportunity to meet with London-based accelerators, successful mentors, industry experts and leading peers”, […]
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 […]
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 […]
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 […]
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 […]
These Western Union user reviews span a broad range of user experiences, highlighting the Western Union exchange rates & range of international money transfer services they provide compared to other options.
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: […]
No entry yet for this vendor
User reviews of American Express exchange rates & international money transfer services.
We're excited to hear our BER users' experiences with the PayPal International Money Transfer service. Whether you're a long-time user or new to PayPal, your stories are incredibly valuable. Share how competitive PayPal exchange rates have been and any tips you've discovered. Your insights will help guide and inspire others in our community. Join in and share your PayPal money transfer journey today!
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 […]
We are often asked that question here at BestExchangeRates! Most people these days go for credit and debit cards over cash or travellers cheques. The cards main advantage is that exchange booths don’t have to be open for you to be able to change money. However there are many credit card fees you need to […]
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. […]
Foreign exchange rates are constantly changing. Indeed the FX markets are active 24 hours a day 5 days a week. There are even some middle eastern countries that continue to trade FX on the weekends.
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 […]
The Forex market is open 24 hours a day across 4 major timezones: New York opens at 8:00 am to 5:00 pm EST (EDT) Tokyo opens at 7:00 pm to 4:00 am EST (EDT) Sydney opens at 5:00 pm to 2:00 am EST (EDT) London opens at 3:00 am to 12:00 noon EST (EDT) More […]
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 […]