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Currencies Direct - Daily Currency Update

Discussion in 'Online Marketplaces - eBay, Amazon, Etsy and more' started by Currencies Direct, Mar 16, 2020.

Do you sell internationally?

  1. Yes

    1 vote(s)
  2. No

    0 vote(s)
  1. Currencies Direct

    Currencies Direct

    Feb 6, 2020
    EXCLUSIVE OFFER FOR TWF: Create an account with Currencies Direct and receive a £30 Amazon voucher when you trade +£5000 before June 30th! https://www.currenciesdirect.com/twf

    TWF Daily Currency Update: 16/03/2020

    Today’s e-commerce exchange rate update

    For online sellers paying suppliers in foreign currencies, or converting international revenue, exchange rate movements can have a significant impact on profitability – from increasing the cost of invoices to reducing the return on your payments.

    Stay on top of the latest rate movements in minutes with our daily rate alert.

    Pound Sterling (GBP)

    The pound extended losses against all the majors as a new week of trading got underway.

    Sterling fell to a five-month low against the euro and a six-month low against the US dollar as the latest coronavirus developments undermined support for the British currency.

    GBP/EUR – Down to 1.10

    GBP/USD – Hit a six-month low of 1.22

    Euro (EUR)

    The euro strengthened against the pound but remained range-bound against the US dollar as investors focused on attempts by European nations to limit the spread of the coronavirus.

    EUR/GBP – Up to 0.90

    EUR/USD – Holding at 1.11

    US dollar (USD)

    Demand for safe-haven currencies helped the US dollar push to new highs. However, the currency’s gains were curbed slightly by the Federal Reserve’s decision to cut interest rates again.

    USD/GBP – Storms to 0.81

    USD/EUR – Fluctuating around 0.89

    At Currencies Direct we’ve helped more than 325,000 customers save time and money on their currency transfers since 1996.

    If you’d like to find out more about the latest rate movements and how they could impact your international payments, contact our expert team or get a quote now.

    Call: 0207 847 9269 Email: (Email Hidden for Privacy)

    *All rates quoted are interbank. Please get in touch with us for a live trading rate.
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