How-to guides that help you save on foreign exchange when you send and spend abroad.
Setting up regular international payments is easy and can save you time and money
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.
So you’ve enjoyed the excitement and celebrations for being accepted into an institution overseas to study, now,down to the logistics. What do you need to have in place to ensure that the transition to student life overseas goes as smooth as possible whilst also making sure that you’re being money smart? Here are BER’s top […]
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 Australian government offers a broad range of scholarships and fellowships for international students to study in Australia.
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.
The United States dollar is referred to as the dollar, U.S. dollar, or American dollar is also nicknamed the “green-back” as as you can see is predominantly green. So care should be taken when handing over money or checking your change in low-light situations. Post-2004 series banknotes have started to incorporate other colours to better […]
To help you choose between Travelex and Travel Money Oz the following live exchange rates table shows who has the best exchange rate when ordering foreign currency online.
BER is a Foreign Exchange comparison website with strong links to and involvement in FinTech Australia. The aim of the platform is to assist individuals and small businesses to navigate the complex, and often perplexing, international money transfer market through an FX calculator, reviews, ratings, comparisons, and news. For 2018, BER has launched a scholarship for […]
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.
We show you how to Pre-order foreign cash online for better currency exchange rates and save money for your next trip.
The mid-market rate is considered the fairest exchange rate available.
Dynamic Currency Conversion (DCC), it comes at a cost.
There are multiple methods and modes to travel money these days. The most seasoned nomads will share that they mix it up with some cash, a pre-paid travel card or a travel credit card. This provides multiple options when you are on the road whilst also minimising the risk of being stranded with no money […]
Expat Preparation Checklist So you’ve made the big decision to move overseas and become a citizen of the globe. You’ve decided to explore and experience a new culture, taste new foods, immerse yourself in the context of a different language, currency, and an overall new way of life as an expat. For many, this will […]
According to Fortune magazine, Apple sold 18 million apple watches in 2017 which is a 50% increase on the previous year and the highest number of shipments for any wearable vendor. With an increase in Apple watch users it follows that available apps for Apple watch will continue to grow and, whereas in the past […]
We take a look at five tips that can help you avoid common mistakes and save money on overseas property purchases.
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 […]
With 5 of the top 50 universities in the world being in Australia in 2018, it should come as no surprise that this is the third most popular international student destination in the world (www.topuniversities.com). Australia offers world class study facilities and educators, providing both local and international students a diverse range of study options. […]
A guide to money saving tips for international students planning or already studying in Australia.
There are several travel money options you can use to save money and make your trip hassle-free. 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 arriving in airports needing to change money to pay for the […]
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.
Be smart and get the best exchange rate for regular payments Millions of international students are studying outside their home countries which can add up to be a substantial expense. Eliminating unnecessary foreign exchange costs is therefore a great first step to ensuring that more of your hard-earned money is spent on you and your […]
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 […]
Managing exchange rates can be an important for expats repatriating overseas funds & earnings – Send money home at better rates Expats, international investors and frequent travelers often need to move money between countries & currencies and the conventional bank systems for doing this are often slow, cumbersome and expensive. A host of services has […]
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 […]
If you’re still using your bank to make money transfers or to buy travel money, chances are you’re paying excessive fees and receiving inferior exchange rates. 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 […]
When comparing Pre-paid Travel Cards from the airlines to those of other providers and the banks you need to take into account the value of the points that you can earn on your purchases. This is easier said than done, as the value of the points depend on how you use them. For Qantas Frequent […]
Good morning, World First client Louise Plant has just bought a property in Spain. She explains why she did it, her plans for the future and how though she was nervous about the process of making a big currency transaction, there was really no need.
Good morning, It goes without saying that Christmas represents a key time for many online businesses, and the shipping of goods is one of the big things that etailers need to get right. Traders can be become suspended because of a poor shipping performance and the pre-Christmas period is one of the most likely times […]
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.
* Rate is as per provider’s website or API at the date indicated. * There is a risk that the foreign exchange prices quoted on Best Exchange Rates may be inaccurate, not available to the user, or available but with additional fees and charges. * Some providers change rates during the day and our information […]
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 […]
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 […]
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 […]
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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.
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 […]