Foreign Currency Rates - Overseas Currency Exchange

Currency Rates

In a nutshell

Bank-Beating Exchange Rates
Overseas money transfers made simple – you’ll get free access to a Currency Expert that could help make you significant savings compared to your bank.
Fast, Free Currency Transfers
100% Safe and Secure
Established in 1996
No Fees and 0% Commission

How it works

Create an account
Once you’ve created an account you can check live exchange rates 24/7. Opening an account is simple, fast and free.
Secure a great rate – make transfers to more than 200 countries in over 40 currencies. You can send us your money via card or bank transfer.
We’ll do the rest – Your funds will be transferred the same day*. We’ll let you know when the payment is sent and you can track transfers online and through our app.

It’s all about timing

Currencies move quickly so as soon as you’re ready to make your transfer we’ll agree an exchange rate, over the phone, online or via our app.

Personal transfers

If you’re buying property overseas, emigrating or sending money to loved ones, your personal account manager will help you make the most of every transfer.

With us you can:

Make fast, free transfers 24/7
Buy currency in advance
Create rate alerts
Check live rates on the go

Business transfers

The dedicated team of currency experts have helped thousands of businesses manage international cash flow, mitigate risk and maximise overseas opportunities.

We can offer your business:

Local collection accounts
Batch payments
Risk management tools
Improved visibility and control

Global locations

With offices located around the world, we are never too far away to help you with your currency requirements.

Exchange Rates: How are these calculated?

Floating rates are simply determined by the good old-fashioned, tried and tested method of supply and demand. How much demand there is in relation to supply of a currency will determine that currency’s value in relation to another currency. For example, if the demand for U.S. dollars by Europeans increases, the supply demand relationship will cause an increase in price of the U.S. dollar in relation to the euro.

There are also countless geopolitical and economic announcements that affect the daily exchange rates between two countries, but a few of the most influential include: interest rate decisions, unemployment rates, inflation reports, gross domestic product numbers, manufacturing information and political stability.

Some countries may decide to use a pegged exchange rate that is set and maintained artificially by the government. This rate will not fluctuate intraday, and may be reset on particular dates known as revaluation dates. Governments of emerging market countries often do this to create stability in the value of their currencies. In order to keep the pegged foreign exchange rate stable, the government of the country must hold large reserves of the currency to which its currency is pegged in order to control changes in supply and demand.