Exchange Rates news and trends

Travelex Brings ‘Click-and-Collect’ FX Service to Hong Kong
Travel Payments // April 03, 2024

Foreign exchange brand Travelex says it has launched its online click-and-collect service in Hong Kong. The new offering, announced Wednesday (April 3), lets customers purchase their travel cash in advance online, reserving more than 30 currencies, including the U.S. dollar, the British pound, the Japanese Yen and...

Crypto Payments Must Be as Easy as Using a Card at Checkout to Succeed
Cryptocurrency // September 28, 2022

Welcome to “The Merchants Guide to Accepting Crypto: The Questions to Ask,” a PYMNTS series aimed at helping merchants, big and small, online and in-store, who want to accept crypto payments figure out what they need to know to move ahead. In this sixth of...

RBS Reimburses Customers After FX Scandal
B2B Payments // December 15, 2019

The Royal Bank of Scotland (RBS) is reimbursing 40 million pounds ($53 million) to about 730,000 customers after workers at the bank were found to be manipulating foreign money transfers to get more money for the financial institution, according to a report by The Guardian....

Argentine Currency Controls Could Trigger Black Market Trading
International // September 09, 2019

Black-market money changers are expected to return in Argentina following the government’s recent rollout of currency controls in an attempt to quell the demand for foreign currency, the Financial Times reported on Sunday (Sept. 8). “We’ve seen this all before,” a money changer told FT....

Interviews & Exclusives
Crypto Payments Must Be as Easy as Using a Card at Checkout to Succeed

September 28, 2022
Welcome to “The Merchants Guide to Accepting Crypto: The Questions to Ask,” a PYMNTS series aimed at helping merchants, big and small, online and in-store, who want to accept crypto payments figure out what they need to know to move ahead. In this sixth of seven articles, PYMNTS spoke with Stephen Pair, CEO of crypto […]

Why ‘Micro-Multinationals’ Should Worry About FX Risk

November 06, 2018
Even the smallest firms today are peddling their wares on Amazon, entering new markets and navigating the waves of FX volatility that can swamp top and bottom lines.  Karl Schamotta illuminates...

Can Prepaid Travel Cards Save Loyalty Card Programs?

April 05, 2017
From frequent flier miles to co-branded card rewards, airlines look to offer a range of products and services that can help improve their customer engagement. Unfortunately, these offerings don’t always...

Quick Reads
Reserve Bank of India Not Targeting Specific Exchange Rate Amid Rupee’s Decline

February 07, 2025
After a 3% decline in the rupee since mid-December, the new chief of India’s central bank reportedly said Friday (Feb. 7) that the bank is working to maintain stability without hurting market efficiency. “Our interventions in the forex market focus on smoothening excessive and disruptive volatility rather than targeting any specific exchange rate level or […]

Travelex Brings ‘Click-and-Collect’ FX Service to Hong Kong

April 03, 2024
Foreign exchange brand Travelex says it has launched its online click-and-collect service in Hong Kong. The new offering, announced Wednesday (April 3), lets customers purchase their travel cash in advance online, reserving...

Argentine Currency Controls Could Trigger Black Market Trading

September 09, 2019
Black-market money changers are expected to return in Argentina following the government’s recent rollout of currency controls in an attempt to quell the demand for foreign currency, the Financial Times...