Welcome to BER Germany. Here we list useful guides and FX provider reviews plus market updates keep our customers aware of the latest euro exchange rates, charts and rate changes in the major EUR cross currency pairs.
EUR Market Outlook
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.
Money Saving Guides
Enthusiasts would have us believe that Facebook’s own digital currency, Libra, will instantly revolutionize the remittance industry upon its release in 2020 — except it won’t. A harsher reality awaits, with conversion costs, capital gains taxes and a lack of Libra-priced goods all likely to limit its appeal.
Last update: 6 Jul, 2019
New research from the European Central Bank shows that banks charge smaller customers up to 25 times more for FX forward transactions and that those who fail to compare providers pay 14 times more for FX than those that do.
Last update: 17 Jun, 2019
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.
Last update: 12 Jun, 2019
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.
Last update: 29 May, 2019
Euro Foreign Exchange News
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.
30 Jun, 2019 by
Lifted by oil, economic data and the Fed, the Canadian dollar has soared against the US dollar to a 16-week high and has reached even more impressive milestones against the pound, euro and Australian dollar.
20 Jun, 2019 by
Reviews – Money Transfer & Currency Exchange in Germany
We review Revolut, a digital bank that allows users to receive, send and spend money at the interbank exchange rate.
Last update: 19 Jul, 2019
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: 14 Jul, 2019
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.
Last update: 7 Jul, 2019
Get a Better FX Deal when you Send and Spend Abroad.