I have seen it happen. People wasting their lunch hours running up and down the street comparing the rate boards outside the banks - just to see who has the best Foreign Currency Exchange Rates. Well now everyone need look no further than bestExchangeRates.com.au !
We have designed this site so that you need no longer worry about being short changed by just accepting the rates on offer. You can visit our site and see who has the best rates. We help you with useful tools such as currency calculators and locations of where the best rates can be found.
I am often asked why exchange rates will vary from place to place. It largely comes down to the FX Markets. Like all things a market exists for Foreign Currency. Every day trillions of dollars of Foreign Currency is exchanged across the world. This is mostly done electronically between major banks and institutions but also locally between local banks, people traveling and other exchange businesses like Travelex and Western Union. As with other goods there is not just one market and often the price of something in one market can vary greatly to another market. This largely comes down to Supply and Demand at that market. Some places are also more interested in getting your business so they are prepared to offer a better price or in this case a better exchange rate.
bestExchangeRates.com.au makes it easy to find who on any given day can offer you the best deal in exchanging your foreign currency. We hope that you find our service useful and we welcome feedback and suggestions.
Thanks
fxPhil
Disclaimer: aPlease note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.