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Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.
We show you how to save by ordering foreign cash online or compare rates on multi-currency travel cards for better currency exchange rates, convenience and security for your next trip or overseas online purchase.
The euro (EUR) has shown a strong rally recently, largely driven by positive political developments in Germany and ongoing shifts in global market sentiment. It rose significantly against the US dollar (USD), trading at a 90-day high of 1.1351—6.9% above its 3-month average of 1.0617. This increase correlates with the centre-right Christian Democratic Union (CDU) and the centre-left Social Democratic Party (SPD) forming a coalition government, which has boosted investor confidence and reduced demand for safe-haven assets like the USD.
The euro is also outperforming the British pound (GBP), with the EUR/GBP pair trading at 0.8677, which is 3.5% above its 3-month average of 0.8387. This pair has remained relatively stable, moving within a narrow range of 5.3%. against the Japanese yen (JPY), the euro has reached 7-day highs of 162.9, 1.6% above the 3-month average of 160.4, indicating a robust upward trend in this currency relationship as well.
BestExchangeRates.com keeps you up-to-date on Euro forecasts by collating the views of reliable FX forecasters and economists together with recent EUR price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.
Recent popular articles from our research team
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.
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.
We compare the features, exchange rates and security of the three best multi-currency accounts available today — the Wise Account, the WorldFirst World Account, and the OFX Global Currency Account.
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