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    Compare Federal Reserve USD Exchange Rates

    Exchange Rates aren't all the same! It's hard to predict the currency markets, but you can always save money by comparing Federal Reserve US dollar exchange rates and fees to those charged by market leading FX providers.

    Federal Reserve System

    The Federal Reserve System (also called the Federal Reserve or just the Fed) is the central banking system of the United States of America. The role of central banks is to preserve the value of money by keeping inflation low and stable. They do this by controlling the interest rate at which banks can borrow.

    Interest rates, inflation, and exchange rates are all intrinsically linked. When the Fed manipulates interest rates this impacts both the inflation in the US and also the relative value of the US dollar compared to other currencies.

    Fed Recent Interest Rate Decisions:

    At its November meeting the Federal Reserve raised its short-term rate to a range of 3.75 per cent to 4 per cent to combat surging inflation, this is the highest level for this key interest rate in 15 years.

    The Fed officials also stated that they expected to continue raising rates to slow the most rapid increase in inflation in the US for decades.

    Read our guide to the Relationship between Interest Rates and Currencies.

    You Can Save Money when you Compare Federal Reserve Exchange Rate Margins & Fees

    The below comparison table makes it easy to calculate the Total Cost you are being charged on your currency transaction by Federal Reserve versus the market mid-rate. It is easy to calculate any savings available from popular market-leading FX providers.


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    Is the US dollar expected to go up or down?

    This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the US dollar current value is to look the USD performance against a range of other currencies over various time periods.

    The following table looks at the performance of the USD exchange rate against other currencies over time periods from the previous 2 days back to the last 5 years.

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