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Guides

How-to guides that help you save on foreign exchange when you send and spend abroad.

 

    Save Money with Regular Overseas payments

    Setting up regular international payments is easy and can save you time and money

    Best exchange rates sending money abroad

    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.

    Money Saving Checklist for Studying Overseas

    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 […]

    Prepaid Travel Cards – Comparing Features and Fees

    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 […]

    Scholarships to Study in Australia

    The Australian government offers a broad range of scholarships and fellowships for international students to study in Australia.

    Banks Charge Small Customers 25 Times More for FX, Research Shows

    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 US Dollar Currency

    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 […]

    Sydney CBD – Best Currency Exchange Rates

    In this Sydney CBD guide, we show you how to save money when looking for Currency Exchange and Forex services downtown in the emerald city.

    Travelex & TravelMoneyOz – Who has best rates?

    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.

    Melbourne CBD – Best Currency Exchange Rates

    In this article we show you how to save money if you find yourself looking for Foreign Cash in the Melbourne CBD.

    What is a Closed Currency?

    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.

    Gold Coast – Best Currency Exchange Rates

    In this article we show you how to save money if you find yourself looking for Foreign Cash on the Gold Coast.

    Best Currency Exchange Rates in Adelaide CBD

    In this article we show you how to save money if you find yourself looking for Foreign Cash in Adelaide.

    Best Ways to Save on Currency Exchange

    We show you how to Pre-order foreign cash online for better currency exchange rates and save money for your next trip.

    What is the International Mid-Market Rate?

    The mid-market rate is considered the fairest exchange rate available.

    Best Currency Exchange Rates – London

    In this article we show you how to save money if you find yourself looking for Foreign Cash in London.

    Best Currency Exchange Rates- Birmingham

    In this article we show you how to save money if you find yourself looking for Foreign Cash in Birmingham.

    Best Currency Exchange Rates – Glasgow

    In this article we show you how to save money if you find yourself looking for Foreign Cash in Glasgow.

    Best Travel Money Exchange Rates – Manchester

    In this article we show you how to save money if you find yourself looking for Foreign Cash in Manchester.

    Pay in your Own currency? – The Travel Rip-off to Avoid

    Dynamic Currency Conversion (DCC), it comes at a cost.

    Top 5 Travel Money Options

    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 […]

    How can I prepare for life as an Expat?

    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 […]

    Top Travel Apps for Apple Watch 2018

    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 […]

    Best Currency Exchange Rates in Brisbane CBD

    In this article we show you how to save money if you find yourself looking for Foreign Cash in the Brisbane CBD.

    Perth CBD – Best Currency Exchange Rates

    In this article we show you how to save money if you find yourself looking for Foreign Cash in the Perth CBD.

    BestExchangeRates.com Australian Scholarship 2018

    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 […]

    Top Five Tips for Buying Property Overseas

    We take a look at five tips that can help you avoid common mistakes and save money on overseas property purchases.

    Foreign Currency Accounts – Pros and Cons

    In this guide we take a look at Foreign Currency Accounts, both the good and bad aspects and what to watch out for.

    Business Case Studies for Managing FX Risk

    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 […]

    Study in Australia as an International Student – Student Visa Subclass 500

    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. […]

    Living costs for international students in Australia

    A guide to money saving tips for international students planning or already studying in Australia.

    Travel Money – Which is Best? Cash or Cards

    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 […]

    Understanding Foreign Transfer Exchange Rates & Fees

    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 […]

    A Guide to Buying Overseas Property

    Tips on Buying your dream property abroad.

    Paying for Overseas Tuition & School Fees

    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 […]

    What Is a Limit Order?

    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 […]

    Managing Business Payments for Overseas Suppliers

    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.

    Paying for Overseas Luxury Purchases

    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 […]

    What Is a Forward Contract?

    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 […]

    Expats Repatriating Funds

    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 […]

    Foreign Exchange Provider Information

    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 […]

    What makes sending money internationally so expensive?

    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 […]

    Travel Money – why compare foreign currency exchange rates?

    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. […]

    Foreign Currency & International Fees for Credit Cards

    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 […]

    Qantas Frequent Flyer points – How much are they really worth?

    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 […]

    How I made my first big currency transfer – without the worries

    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.

    Shipping tips for online sellers

    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 […]

    BestExchangeRates on Sky News Money talking travel cards

    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.

    BestExchangeRates Rate Comparison Disclaimer

    * 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 […]

    Explaining Peer-to-Peer Money Transfers

    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 […]

    When is the Foreign Exchange Market Open around the world?

    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 […]

    I am off travelling, should I take credit/debit cards, cash or travellers cheques?

    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 […]

    Terms of Service

    1. ACCEPTANCE OF TERMS Thank you for using BestExchangeRates’s services (collectively called BestExchangeRates.com). BestExchangeRates provides its service to you subject to the following Terms of Service (“TOS”), which may be updated by us from time to time without notice to you. You can review the most current version of the TOS at any time at […]

    thank you for your wonderful website

    I would like to thank you very much for your wonderful website. I travel overseas regularly and I find it very unfair the exchange rates that are offered. They vary so much and it is almost impossible to get an accurate answer. After working overseas for 3 months I come home with my earning in […]

    Suggestions/Bug?

    Found a bug or got a suggestion? Then leave it below as a comment and we’ll get onto it!

    Why is it that when I go to a foreign currency exchange rate counter I never get the rate that I see on the news?

    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. […]

    Why do FX rates change?

    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.

    What are the forex market hours?

    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 […]

    Privacy Policy

    At bestexchangerates.com (BER), the privacy of our visitors is of extreme importance to us. This privacy policy document outlines the types of personal information is received and collected by BER and how it is used. Your Choices If you are in the European Union, you may have the legal right to erasure of your personal […]

    Exchange Rates Today!

    Well we are seeing more and more interest in what our site has to offer. There is now a large group of loyal followers that are getting access to the Best Exchange Rates today. Here is some of the great feedback that we have receieved from the users of the site Hi, I have taken […]


    Foreign Transfers

    Travel/Spend Abroad


    Get a Better Deal when you Send and Spend Abroad.