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- Cut costs (foreign exchange rate margin and fees) by Comparing Providers
- Time transactions to when the market is in your favour - Setup a Watchlist.
Exchange rates are volatile and can move considerably on a daily basis. Setting up a watchlist will help you decide the best time to make a foreign exchange transaction. These daily alerts can notify you either when the interbank exchange rate make large UP/DOWN moves or when rates reach a HIGH/LOW for periods up to 90-days.
| FROM / TO | 90 DAY TREND | LATEST RATE | ALERTS (UP/DOWN/HI/LO) |
|---|---|---|---|
| CAD / USD | 0.7575 | ALERT: 30-DAY HIGH | CAD/USD is trading near the 90 day average 0.7555 with a range from LOW 0.7484 to HIGH 0.7676. ALERT: Today CAD/USD has risen to a 30-DAY HIGH. | |
| CAD / EUR | 0.684 | CAD/EUR is trading near the 90 day average 0.6821 with a range from LOW 0.6684 to HIGH 0.693. There are currently no alerts. | |
| CAD / GBP | 0.5907 | ALERTS: 14-DAY DOWN 3.9% | 90-DAY LOW | CAD/GBP is trading well below the 90 day average 0.6137 with a range from LOW 0.5905 to HIGH 0.6287. ALERTS: CAD/GBP is DOWN 3.9% this 14-DAY period and has also dropped to a 90-DAY LOW. |
Login to Create your own Watchlist
| Foreign Transfer Providers | Receive USD(U$) | Exchange Rate | Fee CAD | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | U$7,518 Best Overall | 0.7518 | 0^ | 0.8% | |
 | U$7,484 U$34 less | 0.7484 | 0 | 1.25% | |
Banks - Average Rate      Average Bank Rate | U$7,236 U$282 less | 0.7297 | 15 | 4.52% |
| Travel Money Providers | Amount USD(U$) | Exchange Rate | Fee CAD | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | U$731.40 Best Overall | 0.7314 | $0 | 3.5% | |
Banks - Average Rate Average Bank Rate | U$706.17 U$25 less | 0.7109 | C$10 | 6.83% |
Read our foreign exchange guides - make informed decisions.
The Canadian dollar stormed ahead in the second half of June, rising to a 16-week high against the US dollar and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.
Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.
Any delay to Canadian ratification of the USMCA trade deal (already accepted by Mexico) is likely to depress sentiment on Canada’s currency.
For more details read the full article Canadian dollar news and forecasts.
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.
Last update: 1 Oct, 2019
Both the Australian dollar and British pound sterling have had a hard time of late caught between the rock of the China/US trade war and the Brexit hard place.
Last update: 27 Aug, 2019
The RBA has cut Australian interest rates to a record low of 1 percent in an effort to boost inflation. The Australian dollar is slightly stronger following the widely expected decision but is expected to lose 5–7 percent of its value before year-end.
Last update: 14 Aug, 2019
The British pound was the worst-performing major currency in the April-June period and remains “impossible to forecast” amid a Tory leadership battle that might force “no deal” or a general election.
Last update: 30 Jun, 2019
The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).
As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.
Taking the blame for the economic downturn is US President Donald Trump, whose trade policies have set a ball rolling that could wipe $455bn from global output according to the IMF.
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.
Last update: 3 May, 2019
On October 11 the pound had a large one-day rise against the Euro with signs that the EU and UK could still get a Brexit deal ahead of the October 31 deadline. Pound valuations will continue to fluctuate based on Brexit No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is widely expected, ardent Brexiteer Boris Johnson becomes the UK’s next prime minister. However, some banks argue that Johnson’s appointment would make little difference to no-deal or remain probabilities.
The pound is unlikely to receive much in the way of meaningful respite until November, analysts say, when hopefully the UK-EU Brexit arrangement, or lack thereof, is known (Boris Johnson insists that the UK will not seek any further Article 50 extensions beyond the October-31 deadline).
The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.
By some margin, the pound was the worst-performing major currency in the second quarter. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.
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.
Last update: 27 Aug, 2019
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.
Last update: 26 Aug, 2019
TransferWise has been making waves in the global payments market since it came on the scene back in 2011 and is undoubtedly one of the best services for sending money across borders.
Last update: 26 Aug, 2019
Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.
In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar and British pound between mid-April and mid-June. Due to a stronger US dollar, EUR/USD was down 2 percent on the year at $1.12, close to long-term lows.
