Recent News
By Currency: USD(35) EUR(23) AUD(22) JPY(16) CAD(15) GBP(14) CHF(12) NZD(8) INR(8) OIL(8) CNY(8) SGD(5) MXN(5) KRW(3) SEK(3) IDR(3) VND(3) THB(3) RUB(3) TRY(2) TWD(2) NGN(2) NOK(1) PLN(1) NPR(1) ZAR(1) LAK(1) MMK(1) SYP(1) PHP(1) PKR(1) RON(1) ARS(1) KES(1) GHS(1) UGX(1) HKD(1) FJD(1)
By Topic: About Us(7) Fx Specialists(6) Wise(6) Foreign Transfers(5) Revolut(5) Travel Money(4) Fx Analysis(3) Expat(3) Ofx(3) Central Banks(1) South Korea(1) Fx Risk(1) Large Amounts(1) Business(1) Foreign Currency Accounts(1) Africa(1) Travel Cards(1) Provider Comparison(1) Crypto(1) Study Abroad(1)
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.
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.
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.
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.
TransferWise Announces PayNow Funding Option
TransferWise is now officially offering PayNow as a funding option for users in Singapore, the company has announced.