What Do Users Think of WorldRemit? Online reviews suggest that the overwhelming majority (>90 percent) of WorldRemit money transfers are handled smoothly and quickly. BER research indicates that customer complaints have picked up but the number of complaints is still very low relative to total reviews, and after reading a number of negative reviews, we feel that some of these troublesome transfers were held up by factors that WorldRemit could not have controlled. There have been some worrying issues with cash pick-ups (see above) but all in all, WorldRemit feedback has been excellent. As of ..read more

XE Money Transfers – A summary Established in 1993, XE.com quickly became the world’s most viewed currency site. Now, under the ownership of Euronet (a NASDAQ-listed company), XE Money Transfers is a leading foreign exchange and money transfer service that provides a range of services to individuals and businesses worldwide. The company offers competitive exchange rates, low fees, and fast, secure international money transfers that can be completed online or through a mobile app. XE Money Transfers also provides a range of tools and features to help clients manage their currency exposure, miti ..read more

OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries. Loading exchange rates...                     The post OFX User Reviews appeared first on BestExchangeRates ..read more

Welcome to our Comprehensive Guide to the Euro, the currency that unites much of Europe under a single monetary banner. Whether you’re a seasoned traveler planning your next European adventure, an investor looking to diversify your portfolio, or simply curious about one of the world’s most significant currencies, this guide is tailored for you. In this guide, we will delve into the history of the Euro, exploring its origins, evolution, and the role it plays in the global economy. We will also provide practical tips for travelers using the Euro, from understanding exchange rates to making the m ..read more

August has seen the Australian dollar under pressure after China’s unexpected lending rate cuts, hinting at concerns about the health of the world’s second-largest economy. On the other side of the spectrum, the Russian rouble has shown signs of economic strain, notably affected by international sanctions in light of the conflict with Ukraine. The People’s Bank of China, in a move that caught markets off guard, sliced its one-year loan rate by 15 basis points, positioning it at 2.5%. This decision, unveiled just before subpar data release, has raised concerns about China’s economic robustness ..read more

The US dollar has reached its lowest point in 14 months, causing ripples across global currency markets as traders contemplate the impact of declining US inflation on the Federal Reserve’s tightening cycle, considered to be the most aggressive in decades. Various major currencies experienced significant movements against the weakening US dollar. The Japanese yen saw an increase of over 1 percent, consolidating its gains below 140 yen per US dollar. The euro also spiked to $US1.10, while the British pound climbed to $US1.30, both reaching their highest levels in more than a year. The Australian ..read more

Nigeria witnessed a momentous event as the country abandoned its long-standing currency peg, allowing the naira to trade freely. Traders and local bankers reported that this decision led to the largest single-day depreciation in the history of the currency. Although the central bank has yet to confirm this move, speculation grew after President Bola Tinubu, who took office last month, removed Godwin Emefiele, the central bank chief known for his efforts to support the naira. Market observers had been anticipating a potential shift away from Nigeria’s complex exchange rate system. The USD/NGN e ..read more

US Dollar Relinquishes Post-Fed Gains – Elevated Jobless Claims Dent USD Demand Initially, the US Dollar (USD) benefited from the Federal Reserve’s hawkish rate pause. However, the currency reversed a substantial portion of its gains overnight as data revealed that jobless claims in the United States remained elevated during the past week. The upcoming release of the University of Michigan’s consumer sentiment index will be closely watched, as an improvement in sentiment could provide support for the US Dollar. Canadian Dollar Steady as Oil Prices Rise The Canadian Dollar (CAD) maintained its ..read more

The US dollar has weakened due to fears surrounding regional banks. Tighter credit conditions and weaker US growth should help take the steam out of inflation and send the dollar lower. This week, central bank policy meetings have kept traders busy, and US regulators are keeping a close eye on short-selling activity in regional bank stocks. The volatility in these regional bank stocks is keeping money market conditions tense, which is not good news for the dollar. The US Federal Reserve is looking at cutting rates, which could help a weaker dollar, but if there’s an above-consensus price data ..read more

The foreign exchange markets in April are expected to be impacted by key drivers that include recent banking failures in the US and Europe, creating a level of uncertainty not seen since 2008. These events have hindered any significant uptick for commodity-based currencies and may continue to challenge them in the coming month. We will now delve into the performance and prospects of key currencies popular with users of BestExchangeRates: USD United States Dollar: The US dollar weakened in March despite its haven status and turmoil in the global financial system, such as the collapse of Credit ..read more