US-China Trade Truce Boosts Dollar, Euro and Yen React
The US dollar surged following a 90-day tariff pause between the US and China, while the euro and yen weakened in response.
Aussie Dollar's 2025 Performance and Impact of Labor Party's Landslide Victory
The Australian dollar has experienced notable fluctuations in 2025, influenced by global trade tensions and domestic political developments, including the Labor Party's decisive election win. However, trade tariffs imposed by the United States, have introduced volatility, prompting market analysts to adjust their forecasts for the currency's trajectory.
Loonie Resilience Defies Odds Amid Carney Election and Trade Tensions
The Canadian dollar has defied political chaos and global headwinds to emerge as one of 2025’s unlikely winners. But with minority rule in Ottawa, soaring household debt, and a high-stakes U.S. election looming, the loonie’s fight for survival is just beginning.
Argentina's Peso Surprises Markets Amid Economic Reforms
Milei publicly criticizes economists as econo-swindlers and alarmists as Argentina's peso has defied expectations by maintaining stability following recent economic reforms, easing inflation concerns and bolstering investor confidence.
The U.S. Dollar Is Losing Ground to the Euro — And the World Is Watching
Deutsche Bank forecasts a significant weakening of the US dollar in the coming years, potentially reaching its lowest level against the euro in over a decade.
US Dollar Hits Three-Year Low On Jerome Powell Dismissal Threat
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.
Swiss Franc Surges Amid U.S. Tariff Escalation
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.
Yuan's Volatility Surges Amid U.S. Tariff Escalation
The Chinese yuan has weakened following the United States' decision to impose a 125% tariff on Chinese imports, prompting the People's Bank of China to intervene to stabilize the currency.
Mexican Peso Faces Uncertainty Amid U.S. Tariff Threats and Economic Policies
The Mexican peso's outlook for 2025 is clouded by potential U.S. tariffs and economic policies, with forecasts indicating possible depreciation against the U.S. dollar.
Global Currency Markets React to U.S. Tariffs and Economic Policies
Recent U.S. trade policies, including aggressive tariffs on auto imports, have introduced significant volatility in global currency markets, affecting major currencies such as the euro, British pound, and Japanese yen.
Indonesian Rupiah Nears Record Low Amid Fiscal Concerns
The Indonesian rupiah approaches a historic low against the U.S. dollar, influenced by fiscal worries and government spending plans.
Currency Markets in Flux: Euro's Ascent Amidst Global Economic Shifts
The global currency landscape is experiencing notable shifts as the euro strengthens against major currencies, influenced by economic policies, geopolitical events, and fluctuating oil prices.
How the Weak US Dollar Can Impact International Business in 2025
Markets have shifted focus to the interest rate policies of other major central banks rather than the Federal Reserve.
Where to for the Loonie in 2025
Economists are predicting that the Canadian dollar could rise this year.
Strong Singapore Dollar Sparks Travel Boom and Economic Shifts
The Singapore dollar has reached its highest level in over a decade, boosting outbound travel and curbing inflation, but also putting pressure on exporters and local businesses. While sectors like logistics and finance benefit, retail, hospitality, and exports face challenges from the strong currency.
Will the US dollar remain strong?
The dollar has risen by nearly 20% against most currencies compared to this time last year.
Great News for Travelers to Europe this Summer
Stronger AUD, USD, and GBP Against the Euro due to surprise French elections.
US Dollar Hits 14-Month Low on Cooling US Inflation
USD sinks as global currency markets react to slowing US inflation, prompting a surge in other major currencies and a potential end to the Federal Reserve's tightening cycle.
Nigeria's Decision to End Currency Peg Triggers Historic Naira Plunge
Central Bank Chief's Removal Sets Stage for Currency Liberalization
US Dollar Weakens on Regional Banks Fears and Tighter Credit
The US dollar weakened due to fears surrounding regional banks, while the ECB offered a less hawkish than expected 25bp hike and the Swiss franc is in demand.
Fears of US Recession Shifts Currencies & Commodities
As we approach mid-year a shift has taken place in currency markets with the narrative less about interest rates hikes and more risk-off worries about a possible coming recession.
War and Inflation Powers US Dollar Strength
During periods of rising inflation a stronger currency benefits a country's economics as this makes imports cheaper.
Singapore simplifies Covid travel protocols
Singapore is chasing tourists again relaxing some of their covid rules
Hong Kong Reverts to More Lenient Travel Restrictions
Recognising the impact of Covid-19 on its financial status, Hong Kong has reverted back to more lenient travel restrictions to improve life for both residents and travelers.
Thailand Relaxes Covid Rules for Tourists
Global travel starts to revive so Thailand moves to revive its Economy after the pandemic.
New Zealand Opening After Two Years - Aussies Welcomed First
'Fortress New Zealand' opening after two long pandemic years - Aussies welcomed back first on April 12th and other nationalities on 1st of May.
Russian sanctions mount - US dollar gains
Any curbs to Russian access to its foreign reserves could present a bigger blow to the Russian economy than the impact of a ban on Swift.
Geo-politics replaces COVID-19 Risk for Currency Markets
Russia attacking Ukraine has sparked volatility and a flight to safe-haven currencies such as CHF.
Next Crises: China Property plus European Energy shake Currency Markets
Fears Chinese mega developer Evergrande’s collapse will spark a contagion event and the ongoing European gas crisis has hit confidence.
Disruptors Challenging Australian Banks in Forex Price and Service: ACCC Report
Key Takeaways from the ACCC inquiry into currency conversion services. BestExchangeRates referenced among comparison sites playing an important role in customer awareness of the excessive currency margins charged by banks.
SWIFT Trials Real-Time Transfers in Europe; GPI Network an Answer to Ripple
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.
Revolut Adds Group-Saving Feature
This week saw the addition of a group-saving feature in Revolut. “Group Vaults” are an extension of popular Vault functionally that Revolut introduced last year.
Fintechs vs. Banks: Remittance War Rages On as FX Costs Slashed for Millions
For many currency routes, FX costs have been slashed in recent years by a number of industry-disrupting fintechs, allowing such firms to slice great chunks from the banking sector’s lucrative remittance markets. Banks are fighting back, though, by developing low-cost, digital offerings of their own.
Consumers Throwing Away Billions on FX Fees (TransferWise Study)
As in the rest of the world, consumers in Singapore are being fleeced when it comes to foreign exchange costs, a study by TransferWise has revealed. Individuals in Singapore are being charged 15 times more on international payments than companies are, with S$2 billion lost in hidden FX fees annually.
Remittances Reach All-Time High
Remittances to low and middle-income countries reached a record high last year, the World Bank has said. Average transaction costs remain high, with an average of 7 percent paid to transfer $200 or equivalent.
SGD/MYR at 17-Month High; Ringgit Slumps on FTSE Index Deselection
What is arguably Southeast Asia’s most important exchange rate, Singapore dollar-Malaysian ringgit, leapt on Thursday to its highest level since November 2017, driven by FTSE Russell’s decision to reconsider Malaysia’s inclusion in an important bond index.
Brexit This Year Now a Toss-Up, Bookmakers Say; What Next for Pound?
With the chance of a 2019 Brexit now reduced to 50 percent, the pound’s value is likely to remain capped for the time being, most likely near US$1.34, experts say. On the downside, US$1.24 is likely should the latest Article 50 extension be used to hold a UK general election.
TransferWise Announces PayNow Funding Option
TransferWise is now officially offering PayNow as a funding option for users in Singapore, the company has announced.
Banking Sector Fights Back Against Fintech Rivals
Citigroup’s announcement this week of plans to develop its own consumer-payments platform is the latest indication of a fightback by the banking establishment against fintech rivals that threaten its most lucrative markets.
WorldFirst Owners Target European Expansion
Ant Financial, the Chinese fintech giant that recently acquired WorldFirst, has set its sights on Europe, where it plans to take its share of both cross-border and point-of-sale payments.
Revolut Introduces Auto Currency Exchange
Digital bank Revolut announced this week the introduction of a significant new feature: auto currency exchange based on targeted exchange rates.
Messaging Apps to Take Slice of Remittance Market Using Their Own Cryptocurrencies
Users of popular messaging apps, including WhatsApp and Line, might soon be able to make cross-border payments effortlessly. In a move that will further disrupt the payments industry, the creators of such apps, including Facebook, are working hard to develop their own digital currencies that can be transferred to anyone in a user’s contact list.
Japan Allows Fintech Payments Specialists to Compete with Banks
The Japanese FSA has announced it will finally remove a ¥1 million (US$9,000) cap on cross-border money transfers handled by non-banking entities, paving the way for a major overhaul of Japan’s remittance industry.
China's Ant Financial Acquires WorldFirst
Chinese fintech giant Ant Financial has acquired British payments specialist WorldFirst for an undisclosed amount.
BER Australian Scholarship 2018 Winner Announced
Xiong Xiao, a PhD candidate currently studying and teaching at the University of Western Australia is awarded BestExchangeRate.com's first scholarship for foreign students in Australia.
Transferwise changes Eurozone fee structure
In late June 2018, Transferwise introduced a new fee structure for Eurozone foreign transfers (from EUR) ... and as always with Transferwise its complicated so we will break it down for you!
Transferwise changes UK fee structure
In October 2017, Transferwise introduced a new fee structure for foreign transfers from the UK ... its complicated so we will break it down for you!