Who do you look to for the latest Foreign Exchange rates, and who is best to use to transfer your funds from one country to another.

You can read various market commentaries at: secure.currencyonline.com, these include the latest Commentaries on the Australian Market and the United Kingdom Market.

Examples are:

United Kingdom Market Commentary – Friday, November 27 2009

The fallout continues on the news out of Dubai.
Stocks have dropped in most markets, Treasuries jumped and credit default swaps climbed after Dubai’s attempt to reschedule its debt has caused concern to investors. The dollar briefly fell below 85 yen, a 14-year low, before erasing most of its losses on speculation Japan will intervene. Risk aversion is still the main driver as the yen continues its strong run as investors seek safe havens. The pound has struggled against the yen, dollar and euro in the last 24 hours but is making good gains against the AUD and NZD.

Australian Market Commentary – Monday, November 30 2009

The Australian dollar got the wobbles, sliding from 0.9150 to 0.8950 against the USD before recovering this morning. The AUD/NZD cross appreciating from 1.27 to 1.28.
Concerns about Dubai World’s credit defaults continue to be the main focus. Asian equities took a hit, the HK Hang Sang was down 4.7%. The US Dow Jones also was down in thin trade, closing down 1.5%. Commodities were down, crude oil – 2.5%, copper -2.2% and gold – 1.3%. News of some form of rescue package has hit the wires. This should give the markets some sort of comfort, but, expect nervousness to remain and many more “knee-jerk” reactions to come as a result of this latest scare.
Locally, the AUD did get sold, as did most risk sensitive currencies. The AUD has recovered this morning as markets await the RBA Policy Announcement due out tomorrow. Most are expecting a third consecutive rate hike of 25 points. This will increase the appeal of the currency and the relative high yield for investors. News out today/tonight is fairly light, but does include Australian Private Sector Credit, Australian Q3 Company Profits, Japan Industrial Production, Euro CPI and US Chicago PMI.
This morning has started fairly slow on the currency front, but do expect things to liven up locally pre tomorrow’s rate announcement.
Expected range today 0.9130 – 0.9160.

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A selection of companies that provide Foreign Exchange transactions:

• Currency Online – www.currencyonline.com – charge $15 or £7 for each small transfer.  No Fees over £3,000 or A$10,000. A part of the HiFx Group since 2008 (see Note 1:)
• HiFx – www.hifx.com –  for business dealings. See ‘Currency Online’ above for personal transactions.
• Moneybookers Transfer money worldwide for € 0.50 and receive money worldwide for free.
• Oanda – www.oanda.com – provide FX rates, including historic rates.
• Tranzfers – www.tranzfers.com – charge $15 or £7 for each small transfer. They are part of the OZForex group.
• OzForex – www.ozforex.com – charge $15 or £7 for each small transfer, no fees over £3,000 or A$10,000.

Notes:

1: Currency Online is part of the HiFX group of companies, a global group executing foreign exchange transactions worth in excess of USD $65 billion