For over a decade BestExchangeRates.com has been a trusted voice in foreign exchange in the United States and globally.
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 US dollar (USD) has demonstrated resilience in recent trading sessions, buoyed by a risk-off sentiment that has channeled safe-haven flows into the currency. Despite weaker-than-anticipated retail sales data, which noted a modest growth of only 0.4% in December, the dollar managed to sustain earlier gains. Economists suggest that the prevailing market mood continues to favor the USD, particularly as investors remain vigilant ahead of critical economic indicators, including industrial production figures and the forthcoming non-farm payrolls report. The prospect of robust job growth could further bolster the greenback’s standing in the currency market.
A notable factor supporting the USD is the market's positive reaction to Donald Trump's policies, which are expected to drive inflation and maintain higher interest rates, despite his verbal inclination towards a weaker dollar. FX analysts point out that expectations surrounding Trump's fiscal measures, including tax reductions and potential tariffs, have heightened Treasury yields, contributing to the dollar's strength. Notably, the USD has surged to 0.9609 against the Euro, marking a 1.0% increase above its three-month average, while it remains 2.3% above its average against the British pound at 0.8105. The stability of USD/JPY around 155.8, just a shade above its average, reinforces this trend and suggests that the dollar may have further room to climb, as market participants anticipate upcoming economic data will provide additional support for this upward momentum.
BestExchangeRates.com keeps you up-to-date on US dollar forecasts by collating the views of reliable FX forecasters and economists together with recent USD 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.
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