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BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.
We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.
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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) recently strengthened amid growing optimism from political developments in Germany and a decrease in demand for the US dollar (USD). Following the coalition agreement between Germany’s center-right Christian Democratic Union (CDU) and center-left Social Democratic Party (SPD), analysts noted a notable rally for the euro. This political progress is viewed as a positive signal for the Eurozone’s largest economy, allowing the euro to gain traction against the dollar.
At present, the EUR/USD exchange rate stands at 1.1348, reflecting a robust increase of 6.7% above its three-month average of 1.064. During this period, the euro has demonstrated notable volatility, trading within an 11.2% range between 1.0217 and 1.1358. Similar positive momentum has been observed against the British pound (GBP) and Japanese yen (JPY), with the EUR/GBP and EUR/JPY currently at 0.8668 and 162.8, respectively. These figures represent increases of 3.3% and 1.5% above their three-month averages, showcasing stable trading patterns within narrower ranges.
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 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.
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.
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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