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BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.
We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.
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Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.
We show you how to save by ordering foreign cash online or compare rates on multi-currency travel cards for better currency exchange rates, convenience and security for your next trip or overseas online purchase.
The euro (EUR) has recently experienced notable volatility, fluctuating lower amid a rise in the US dollar (USD) and an overall risk-on market sentiment. Analysts suggest that the currency's performance has been negatively impacted by weaker-than-expected Eurozone PMIs, which indicate that business activity in the region is slowing. This downward pressure is compounded by the uncertainty surrounding the US's new 20% reciprocal tariff on EU goods, adding to fears about the repercussions for the Eurozone's economic landscape, particularly Germany, its largest economy.
Recent price data shows that EUR/USD is currently trading at 1.1326, a significant 5.3% higher than its three-month average of 1.0757, although it has seen a wide trading range of 12.5% between 1.0230 and 1.1513. Meanwhile, the euro is facing headwinds against the British pound (GBP), trading near seven-day lows at 0.8535. This level is still 1.6% above its three-month average of 0.8406, indicating some resilience despite recent fluctuations. against the Japanese yen (JPY), the euro stands at 162.2, which is 1.1% above the three-month average of 160.5, showing relative stability in this relationship.
BestExchangeRates.com keeps you up-to-date on Euro forecasts by collating the views of reliable FX forecasters and economists together with recent EUR price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.
Recent popular articles from our research team
The US dollar has fallen to a three-year low, influenced by Trump policy back flips plus concerns over the Federal Reserve's independence. Analysts suggest a long-overdue correction due to overvaluation and trade tensions.
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.
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.
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