Today's Exchange Rates

	Euro	1.1072
	United States - Dollars	1.5321
	Australia - Dollar	1.4624
	Canada - Dollars	1.5477
	Turkish - New Lira	2.6704

Foreign Exchange Market Contect for everyone website

Why are so many companies partnering with us?

• Offer a value-add service to your clients
• Save your clients a significant amount of money
• Additional revenue stream for your business (many of our partners earn more than AUD 5,000 monthly)
• Improve your search-engine optimization and Google rankings by benefiting from the 550,000 unique visitors we have to our sites monthly
• Add value to your site with up to the minute FX information

What do our Partners say about us?

At i4 , my job is all about making the move to the UK as hassle-free as possible for my clients, as well as making sure that they are maximising the financial benefits of living and working abroad.

Partnering with the OzForex Group allows me to provide this service to my clients when they are needing to transfer their hard earned money to and from their home country. The team at the OzForex Group are fantastic and take all the stress out of what can sometimes be quite a daunting process to someone who is transferring funds for the first time. I have had nothing but positive feedback from all my clients that have had dealings with the OzForex Group and would highly recommend them to anyone needing to transfer funds across the globe!

Nathan Brewer - National Sales Manager
i4 Australia Pty Ltd
Aussiemove.com has been a customer of OzForex since 2006. I was very satisfied with the level of service that OzForex provided us and had no hesitation in joining their partner program in 2008. Since then, OzForex have provided currency services to hundreds of our clients. OzForex provide the same high level of service to us now as a partner - we receive excellent support from our Alliance Manager and timely information on referrals via their online Partner Control system.

Geoff Hopkins - Director
Aussiemove.com

Here are 7 reasons why your clients choose us:

• Excellent exchange rates
• Low fees - often fee free!
• On-line and phone service 24 hours a day, 5 days a week
• Access to accredited Dealers
• Unrivalled Customer Service
• More than 50 currencies on offer
• Control and transparency

Dollar East Exchange Companies

Dollar East Exchange Company (Pvt.) Limited is a leading exchange company in Pakistan. The company is one of the pioneers to start currency exchange business in the country. It was amongst the first companies to receive the license of money changer from State Bank when this business was regularized in 1992. When State Bank established exchange companies in Pakistan in 2002, Dollar East was the second exchange company to be awarded permission. It received exchange company License on 2nd May 2003 and commenced its operation on 7th July 2003. Under the exchange company license, Dollar East is authorized to deal in the business of currency exchange, travellers' cheques, notes, postal notes, money order, bank drafts and inward/outward remittances in a regulated environment. The company is authorised to set up its own branches or grant franchise arrangements for full range of services. The Company is also allowed to establish its own or franchised payment booths for inward remittances all over Pakistan. The company currently operates a network of 18 branches which are strategically located in all high potential areas. The company has aggressive plans to expand its branch network to other areas of Pakistan. The company also operates 3 payment booths in Rawalpindi, Mandi Bahauddin and Sahiwal and is also in the process of setting up franchised network of currency exchange booths and payment booths network in both rural and urban areas of Pakistan. Dollar East is a customer focused company and has always offered and maintained products, services and policies aimed at best satisfying the customer needs. The infrastructure, systems and procedures are regularly reviewed and improved to ensure the customers are provided with speedy, convenient and secure delivery of service. The Company is a good corporate citizen. It always operates within the provision of the national and international law. It is working closely with the regulatory authorities to promote the awareness and implementation of all regulatory requirements. It is fully aware and responsive to its role & responsibilities in the international anti-money laundering drive.

Head Office

Online Forex Trading Resources

The forex market allows you to buy and sell currencies similar to how you would stocks or commoditities. Foreign exchange trading, or forex for short, is the largest market in the world involving over $2 trillion in daily trading volume . Forex, like commodities trading, is a regulated industry. Forex companies in the US need to be registered with the CFTC and are policed by the NFA. Learning more about this market can seem overwhelming to those new to currency trading, but with the right resources learning to trade forex online can be a lot easier. Online Forex Trading educational resources can be found several places like:

Investment in the US Dollar In Foreign Market

The Dominican Republic is a relatively new destination to think of when planning for your retirement, but its popularity as a retirement location has been growing exponentially. Reasons for its new popularity include but certainly are not limited to the near perfect weather, absolutely gorgeous beaches and golf courses and of course the great exchange rates for Americans. These factors combined with the fact that because the Dominican Republic is a relatively new developing country, it is extremely affordable in most areas, it is safe to assume that its popularity will only be increasing further in the near future. When choosing a retirement location, one of the most important factors that people consider is if they were to purchase property there, how easy it would be for them to obtain a mortgage and what kind of rates they should be expecting to pay. This is important to investors since international mortgaging is different in every country and it can sometimes be difficult to find information on it that can be trusted. If you are one of the many visitors interested in purchasing property in the Dominican Republic, and are looking to finance. Get ready to be shocked! Mortgage rates in the Dominican Republic are typically around 20% and can sometimes be as high as 26% and are almost always totally adjustable. Even worse news is that you are going to be purchasing properties with U.S. Dollars; however financing in the Dominican Republic must be done in pesos! Since exchange rates are constantly changing, the amount you are paying for a home is constantly changing, making it impossible to know what is really being paid for the home that was suppose to cost say 0,000.
However, if the Dominican Republic is where your heart is set on for real estate purchasing, there are ways to avoid these outrageous mortgages. The best option is available to those people who own assets or have property in the U.S. If this is the case, the best thing to do is refinance the property that is owned in the United States and use that cash to purchase property in the Dominican Republic. Reasons for doing this are endless including interest rates in the single digits, up to 100% of appraisal value available, and interest payments and taxes on the property in the US are tax deductible.
When purchasing real estate anywhere, there is a lot to consider but especially when looking outside your own country. The Dominican Republic is a great place to retire with affordable properties and beautiful areas, however financing through the United States is definitely the way to go when purchasing property in the Dominican Republic.

Record Lows Affects Trade In Us Dollar

The US dollar plunged to a record low against the Euro in April. This happened immediately after the economic growth figures for the U.S. were released by the U.S. Commerce Department reporting the weakest results in four years. The release of these figures has people worried that the United States is in danger of falling behind the rest of the world economically, especially with the USD losing over 3.1% to the Euro already this year. The USD low was partnered with a Euro high, reaching past its previous high in December of 2004, above $1.3680, for the first time ever.
Euro and USD extremes are going to have significant affects on trade within both Europe and the United States. Some groups are happy and are benefiting from the weakness of the dollar and the strength of the Euro, whereas others are losing large amounts of both money and business. A number of American exporters have gained significant amounts as a result of the weakness of the dollar; however one major U.S. business has suffered greatly due to these exchange rates. Walmart, who produces over 70% of their goods in China, is suffering due to the weakness of the dollar. The company has tried to find less pricey areas for production; however there is only so much they can do to battle the plummeting dollar.
Euro strength and dollar weakness are also affecting many European companies. The economy of the Eurozone is one that is export dependant. Under normal circumstances, export driven economies benefit from a weaker currency and typically hurt when the currency is too strong. With the rise of the Euro, European exporters and manufactures have much higher costs, which lead them to lose money unless they raise their prices, which most companies are reluctant to do.
It is not just European and American companies that are suffering from the prices of the USD and Euro. Any country that trades with either the United States or an EU nation is at risk for exchange rate fluctuations affecting their imports and/or exports.

Foreign Exchange Market for Beginners

The foreign exchange market or forex market as it is often called is the market in which currencies are traded. Currency Trading is the world's largest market consisting of almost trillion in daily volume and as investors learn more and become more interested, the market continues to rapidly grow. Not only is the forex market the largest market in the world, but it is also the most liquid, differentiating it from the other markets. In addition, there is no central marketplace for the exchange of currency, but instead the trading is conducted over-the-counter. Unlike the stock market, this decentralization of the market allows traders to choose from a number of different dealers to make trades with and allows for comparison of prices. Typically, the larger a dealer is the better access they have to pricing at the largest banks in the world, and are able to pass that on to their clients. The spot currency market is open twenty-four hours a day, five days a week, with currencies being traded around the world in all of the major financial centers. Learn more about currency trading online.
All trades that take place in the foreign exchange market involve the buying of one currency and the selling of another currency simultaneously. This is because the value of one currency is determined by its comparison to another currency. The first currency of a currency pair is called the "base currency," while the second currency is called the counter currency. The currency pair shows how much of the counter currency is needed to purchase one unit of the base currency. Currency pairs can be thought of as a single unit that can be bought or sold. When purchasing a currency pair, the base currency is being bought, while the counter currency is being sold. The opposite is true, when the sale of a currency pair takes place. There are four major currency pairs that are traded most often in the foreign exchange market. These include the EUR/USD, USD/JPY, GBP/USD, and USD/CHF.
Forex Capital Markets (FXCM) is an online currency trading firm that offers a free demo account to traders who are new and interested in the foreign exchange market. Registering for a demo account allows a new trader to download the online trading platform that is used by the company's clients trading live accounts and make trades as if they were doing it with real money. The demo account is an excellent way to experiment with the foreign exchange market while learning your way around the trading platform. It allows you to experience every step of currency trading including choosing currency pairs, deciding how much risk to take, tracking the time and dates of placed trades, deciding how long to stay in the trade, and when to exit the trade. It also allows the placing of stop and limit orders on trades.
Information about trading and specifically about how to use the online trading platform can be found on the FXCM webpage. In addition, FXCM offers FREE interactive online seminars that are extremely useful to both new and experienced currency traders. These "educational webinars," as they are called are run by experienced financial strategists and range in topics from trading specific news events to trading the Euro. In addition to the webinars, FXCM also offers numerous online courses that teach investors how to trade the currency market.

US Dollar Gold Rates Gold holds steady at $1,795 in US

Gold failed to break through the US$1,800 per ounce level today under pressure from a rising US dollar, which got a boost from the outcome of a key budget vote in the Italian parliament.

While current Prime Minister Silvio Berlusconi won the vote with 308 votes, he failed to secure an absolute majority, adding to doubts that he does not have enough support within his coalition to lead the country’s efforts to resolve its fiscal problems.

The results of the vote put more pressure to resign on Berlusconi, who was asked to step down before the vote by one of his key allies in the ruling coalition Umberto Bossi.

While making little headway, the yellow metal managed to hold on to the current level of just below US$1,800 thanks to strong safe haven demand, which is stimulated by continuing economic uncertainty in Europe.

Gold traded at US$1,795/oz this afternoon, unchanged from Monday’s closing level. Other precious metals were headed in different directions with silver dropped 10 cents to US$34.88/oz, while platinum rose US$6 to US$1,662/oz.

US Non-Farm Payrolls Report The Pound was generally weaker against the US Dollar exchange rate

Following on from last week, the Pound rallied strongly against the Euro exchange rate on Thursday, rising up through 1.16, after the European Central Bank unexpectedly cut interest rates to 1.25% in the new chairman Mario Draghi’s first meeting. UK government bonds fell and stocks rose, as G-20 leaders met to discuss the Euro-zone debt crisis and Greece withdrew a plan for a referendum in the nation’s rescue package.
The FTSE 100 Index of leading UK shares jumped 1.5%, after declining by an equal amount earlier in the day. The level of volatility and uncertainty in the market is set to continue with the outcome of the Euro-zone problem still highly questionable. The fact that Greece will not be holding a referendum has provided a measure of stability to European stocks and the Euro bounced back towards 1.15 versus the Pound on Friday.

The UK currency found support on dips below 1.59 against the U.S Dollar and pushed back to challenge resistance levels above 1.60 as wider volatility ensued. The latest PMI services-sector report was weaker-than-expected with a decline to 51.3 in October, from 52.9 the previous month. Economists had predicted a result of 52.0 but the decline will fuel concerns that the economy is weakening in the fourth quarter and may slip into contraction.
There was an underlying mood of caution within the report and inflationary pressures eased, although there was also a modest improvement in business confidence. Markets remained extremely anxious over the UK economic outlook, especially given the negative impact of Euro-zone stresses and further fears over recession conditions.

There were defensive capital outflows into the Pound as a haven from the turmoil in the Euro-zone, which continued to dominate through the course of the day. There will still be fears surrounding the threat of capital outflows from the banking sector, given the pressure on European banks to raise capital and this could still be a crucial factor for the Pound.
The European interest rate cut has almost paled into insignificance considering other factors that are affecting the market. The Greek Prime Minister George Papandreou faced a vote of confidence on Friday and on Sunday agreed to finally step down. The Euro finished the week on the front foot now the threat of a referendum has been taken off the table but trading conditions will remain volatile given the level of uncertainty in the market.
The Pound was generally weaker against the US Dollar exchange rate following the U.S non-farm payrolls report on Friday, while the Euro was subjected to fresh selling pressure towards the close of trading on renewed concerns surrounding Italy. There was some speculation that the Bank of England could move to expand quantitative easing measures at this week’s MPC meeting, which may unsettle the Pound through the course of the week.
In terms of economic data, industrial production data for September is likely to show a decline in the sector, which will feed into concerns over the broader economy. Meanwhile, other economic indicators for October could add to concerns that the unexpected bounce in quarter three economic growth will not be sustained in the fourth quarter.
The British Retail Consortium is expected to announce weak retail sales for the month, while no improvement is expected in the RICS house price balance or the Halifax annual rate of house price decline. Producer price data for October is also expected but the Pound will be susceptible to international events.

Euro / US Dollar exchange rates

The Euro weakened against the Dollar and extended its weekly decline on Friday, as choppy trading conditions and the level of uncertainty weighed on risk sentiment and spurred demand for lower yielding currencies. The ECB cut interest rates for the first time in over two years and there was strong speculation that the Greek Prime Minister would resign ahead of the weekend.
The incoming ECB President Mario Draghi justified the decision to cut interest rates on the back of a weakening economic outlook and expectations of a mild recession at the end of 2011. Draghi adopted a fairly orthodox stance on monetary policy and said he’d rather cut rates than resort to a form of quantitative easing.
The Euro weakened sharply following the announcement before recovering later in the day. Papandreou abandoned the idea of holding a referendum, amid internal party dissent, while Italian and Spanish bond yields retreated from peak levels, but Italian bonds were still above 6.2%, raising fears surrounding austerity measures within Italy.
There was a further strong suspicion of capital repatriation by weaker European banks, which was putting underlying upward pressure on the Euro. The Euro was also unsettled by weak Euro-zone data, as there was a further deterioration in the services PMI for October and there were particularly weak readings for Italy and Spain.
The headline U.S employment data was slightly weaker-than-expected with an increase in payrolls to 80,000, although this was offset by an important revision to 158,000 for September. The jobless rate also edged lower to 9% from 9.1%. The Euro looked to advance initially as risk appetite improved but was unable to hold onto the gains as concerns in the Euro-zone surfaced again.

Today’s Exchange Rate Data

EU – Eurogroup/EU Finance Ministers Meetings (Continues to Tuesday 8th)
EU 09:30 – Sentix Index (November)
EU 10:00 – Retail Sales (September)
GER 11:00 – Industrial Production (September)
U.S 20:00 – Consumer Credit (September)