Flash Forward

Thoughts about the future of finance and foreign currency transfer.

How to get the best rate with our Exchange Rate Calculator

By Nicolas Steiger on

We take a closer look at how to find and read currency exchange rates, as well as how to convert currency using an exchange rate calculator. more »

Tagged in: currency conversion, sending money overseas, remittances, tips, exchange rates

How do I compare foreign exchange rates?

By Sophie Green on

Currencies are exchanged around the world in a 24-hour cycle every weekday. Why? Apart from tourists and travel, there’s international trade (import/export of goods & services) and investment. And of course, people overseas who send money to support more »

Tagged in: exchange rates, currency conversion

3 steps to getting the best currency exchange rates

By Nicolas Steiger on

To be sure you are getting the best currency exchange rates, you must know what the current real market foreign exchange rate is and whether any upfront or transaction fees are applied to your transfer, including fees applied by the more »

Tagged in: exchange rates, currency conversion, digital currency

What you need to know about foreign currency transfers

By Tim Strube on

You set up a foreign currency transfer. The money leaves your account. It disappears for days. And then it turns up (significantly reduced) in the recipient's account. That's just how it works right? But have you ever wondered what happens more »

Tagged in: digital currency, currency conversion, exchange rates, banking

Take charge of your foreign exchange transfers

By Tim Strube on

Sending money overseas via your bank is often confusing, always expensive and very slow. Now you can change that. Let's break it down... At FlashFX we make foreign exchange easy, fast and affordable: Based in Sydney Australia, we have engineered more »

Tagged in: remittances, currency conversion, digital currency, ripple, banking, exchange rates

The great currency deception - uncovered

By Tim Strube on

When it comes to foreign currency transfers, especially by consumers and small to medium-sized businesses, what you find are big financial institutions bouncing your money around the world like a pinball from one fee-charging bank to another, using a complex more »

Tagged in: global payments, currency conversion, exchange rates, AUD, international B2B, importing

Take charge and save on your foreign exchange transfers

By Tim Strube on

Sending money overseas can be confusing. Let's break it down... FlashFX makes foreign exchange easy, fast and affordable. This is in stark contrast to the banks, where global payments cost more, take more time, and the routeing is opaque. With more »

Tagged in: remittances, exchange rates, international money transfers, digital currency, sending money overseas

The Real Cost of Foreign Exchange Conversions - What the banks don't want you to know.

By Nicolas Steiger on

Do you know what the actual foreign exchange conversion rate is? You probably know the conversion rate your bank is charging you, but did you know there is another "higher" rate known as the market rate? In fact, more »

Tagged in: currency conversion, exchange rates, global payments, regulation, digital currency, international money transfers

AUD CAD Exchange Rate Slides after AUD-Damaging Trade Report

By Tim Strube on

The Australian Dollar has dropped against the Canadian Dollar due to a concerning report about AU-US ties. The report looked at Australia’s relationship between the US and China, and the potential difficulties of trying to alter these relationships. With more »

Tagged in: AUD, finance, exchange rates, regulation, digital currency, ripple

The Australian Dollar Forecast to decline over 10%

By Sophie Green on

One of the most significant drivers in currency markets is relative interest rates as investors transfer capital from lower interest rate currency jurisdictions to higher interest rate currencies. Last weeks 25 bps interest rate hike in the United States and more »

Tagged in: AUD, exchange rates, international money transfers, finance, currency conversion

The Australian dollar rallied back to the highs after FOMC

By Nicolas Steiger on

The Australian dollar surged back above the 0.7700 level on Thursday morning, propelled higher by renewed US dollar weakness after yesterday’s US Federal Reserve lifting interest rate by 25 basis points. The gain in the AUD/USD was more »

Tagged in: AUD, exchange rates, finance, australia, international money transfers, currency conversion

The first in a string of RBA rate hikes is coming sooner than you thought

By Tim Strube on

Goldman Sachs thinks it will be months — not years — until the RBA hikes rates. Andrew Boak and Bill Zhu from the Goldman Sachs Australian economics team think the RBA will lift the cash rate for the first time since 2011 more »

Tagged in: currency conversion, banking, finances, international money transfers, exchange rates

US rate hike at next meeting "would likely be appropriate" if data is good enough, Fed's Yellen

By Nicolas Steiger on

The Australian dollar finished lower the last week, breaking sharply on rising expectations for a U.S. interest rate hike at the Fed’s next meeting on March 15. Strong U.S. economic reports and continued hawkish remarks from U. more »

Tagged in: remittances, currency conversion, exchange rates, australia, global payments, exports

The real cost of money conversion

By Tim Strube on

Do you know what the actual foreign exchange money conversion rate is? You probably know what conversion rate your bank is charging you, but did you know there is another "higher" rate known as the market rate? In more »

Tagged in: currency conversion, exchange rates, banking, sending money overseas, tips, ripple

How much did your country send and receive in remittances?

By Tim Strube on

In 2015 Australia saw an outflow of remittances of US$16 billion, while it received around US$2 billion. Globally remittances totalled $582 billion according to World Bank figures. The largest source of remittances is probably not unexpectedly the United more »

Tagged in: remittances, exchange rates, sending money overseas, global payments, currency conversion, ripple

US Treasury's Mnuchin tells IMF to monitor currencies

By Tim Strube on

US Treasury Secretary Steven Mnuchin called on the International Monetary Fund to provide "candid analysis" of exchange-rate policies in member countries. Mnuchin spoke by phone with IMF Managing Director Christine Lagarde in what was among the first contacts more »

Tagged in: global payments, currency conversion, compliance, imports, exports, exchange rates

Increased AUD buying power on EUR transfers with Eurozone Greek debt worries re-appearing

By Nicolas Steiger on

Since the start of the new year, the Australian Dollar increased by about 5.8% in value compared to the EURO, lingering in the mid 0.72s, as fears that Greece will be forced to crash out of the Eurozone more »

Tagged in: global payments, currency conversion, exchange rates, AUD, europe, overseas finance

The Australian dollar - where to next?

By Tim Strube on

The Australian dollar has seen an impressively strong period for the past 2 months, trading from 0.7164 in late December to the current 0.7664 USD per AUD. According to analysts at HSBC, US President Trump has been a more »

Tagged in: finances, AUD, exchange rates, sending money overseas, currency conversion, international B2B

European Central Bank to Trump: 'We Are Not Currency Manipulators'

By Tim Strube on

The European Central Bank rejected U.S. accusations of currency manipulation on Monday and warned that deregulating the banking industry, now being openly discussed in Washington, could sow the seeds of the next financial crisis. ECB President Mario Draghi said more »

Tagged in: currency conversion, banking, exchange rates, regulation, finance

Foreign Exchange and The Big Mac index

By Tim Strube on

THE Big Mac index was invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run more »

Tagged in: banking, currency conversion, exchange rates, international B2B, digital currency