Currency

The euro celebrates its 20th birthday

February 14, 2019

As the European Union has announced, the euro has reached another milestone, celebrating its 20th birthday this year. The euro came into being two decades ago, on 1 January 1999, when, as the European Union explains, 11 EU countries elected to fix their exchange rates, “adopted a shared monetary policy under the European Central Bank, […]

ACCC launches currency conversion inquiry

December 13, 2018

The Australian Competition and Consumer Commission (ACCC) has revealed that it is commencing an inquiry into foreign currency conversion services. “Whether you’re buying Euros from your bank for an upcoming trip, sending money to family in Indonesia, or you’re a small business trading with suppliers in New Zealand, foreign exchange services are used by Australians […]

US tariffs take a toll on the yuan

August 13, 2018