In early May the continuing coronavirus pandemic and an associated possible re-escalation in the US-China trade tensions has moved the market into safer currencies such as the USD and JPY.
Goldman Sachs and RBC Capital forecast a large drop for US dollar against Japanese Yen to continue with a USD/JPY rate of 95 in the near future.
The US dollar held its value in 2019 despite the US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.
For more USD currency market forecasts you can read the full article US Dollar Forecasts. The below interactive chart shows the USD to EUR exchange rate, trend and recent alerts for the last 90 days.
Recent USD to EUR 90-day trend
ALERTS:7-DAY▼3.2% | 60-DAY LOWS |
USD/EUR at 0.8815 was trading 3.4% belowAVG:0.9126 with LO:0.8739 and HI:0.9381 (90 days). ALERTS: USD/EUR was DOWN 3.2% this 7-DAY period and also dropped to 60-DAY LOWS.
Travel, Currency and Money saving tips for Ecuador
Travel money for Ecuador
Save money and time by Ordering your US Dollars online from Travelex, you get better rates and can pick
up the USD cash locally or even on travel day at the airport.
Another popular option is to
use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate,
but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to
Pay in US Dollars otherwise you may get much worst exchange rates.
Sending money to Ecuador
When searching around for information on how to get a good exchange rate when sending money to Ecuador you need to start with finding out the latest
US Dollar foreign-transfer exchange rate.
Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much
you can save (we make that calculation easy here).
Get a better deal for foreign transfers to Ecuador
When sending money to Ecuador it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers.
To get a better deal you should follow these 4 simple steps :
Open an account with a BER reviewed FX provider (id docs may be required)
You specify the local or US Dollar amount you want to transfer
Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
Once your funds are received by the provider the converted USD amount will be transfered to the recipient account you specify in Ecuador.
Use our Send to US Dollars calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more -
end result is more US Dollars deposited into the recipient bank account and less margins and fees kept by the banks!