Author Archives: makethew


The best dollar exchange rate in 2017

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2017 is just starting and for all the Americans abroad as for all the foreigners in America, the question is when are we going to get the best dollar exchange rate this year. 2017 is the year of many changes such as Donald Trump starting to be president of the United States. Does it have effects on the dollar exchange rate? What are the other things that might help to reach the best dollar exchange rate in 2017?

Donald Trump’s effects on the best dollar exchange rate in 2017

When he got elected, the exchange rates didn’t change a lot. It is a good news because we might reach the best dollar exchange rate in 2017. The only problem is the fact that any decision he will take in the future will be scrutinized so much that it will have huge consequences on the international environment. He is probably the most well-known guy in the world, after Obama, so he will have to behave. And when you know the man you can guess that he will never behave. I can’t say I’m confident about his future behavior and this guy as president has a challenge. His challenge is to help Americans to reach the best dollar exchange rate so that their buying power will stay high.




Other actions that might help us reach the best dollar exchange rate

The economy situation and the number of people without job is going to have important effects on the dollar exchange rate. If it’s a good situation there will be an increase in the power of the dollar over other currencies, therefore giving more power to Americans living abroad or travelling abroad. If the situation is not good we would live a different situation where it’s easier for other countries to buy American products. Let’s see what happens.

Donald Trump has been elected. Now that it is done the effects on the dollar are not huge. However each decision he might take will have huge effects so he has to be very careful. In 2017 the most important action which will have effects on the dollar exchange rate is the economy situation. Fingers crossed.


Warning: you are losing money by not using well the exchange rates

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If you are sending money abroad then you automatically play with exchange rates. Being aware of how exchange rates are actually working can help you to save money and even win money. And you would see it, is not as complicated than it seems !!


  1. What is an Exchange rate ?

Because it is impossible to evaluate the exact value of a currency in an absolute terms, exchange rates allow to estimate them between each others. In clear, exchange rate give you the value of a foreign currency in comparison with one of your currency. Exchange rate allow to to compare any currency to another.

  1. Why are they changing ?

Exchange rate are regulated by a foreign exchange market. Each state decide how their currency will act compare to foreign one. They have basically two options: or be fixed meaning the rate is always the same or « free-floating » meaning that the rate change depending on the market and others criteria.

  1. Why you are losing money ?

Because exchange rate are fluctuant and can change really quickly, they impact directly international money transfers. Knowing the right moment to make a money transfer can get you save a lot of money and even win extra money. Imagine you are working in a foreign country and you change all your salary to your local currency. If you transfer your money the day where your local currency is stronger the currency which in gets pay, you can increase the amount of money you just receive.

The best way to not lose money is to know the exchange rates and wait the right time to do your international money transfer.

best exchange rate

My 2 simple steps to instantly get the best exchange rate!

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The currency exchange rate is mostly the result of the supply and demand market. Some currencies don’t follow this simple rule because their government applies a fix rate. I am going to share my 2 simple steps to slways get the best exchange rate. Firstly the providers are going to be analyzed. Governments are providers for example, money transfer comparison websites as well. Sometimes for much better rates. Then  the question of where to find it has a big interest. I hope you will enjoy my answer.


Who provides exchange rate on the market?

The mid market exchange rate is officially managed by the central bank of the country ~ governments in this case. There are also currency converters in cities and airports ~ probably the most expensive ones, I hate them because they have advertisements about supposed free exchanges but they charge up to 15% hidden fees. And finally there are online money transfer services, or online trading services. The last ones are very efficient because being online allows them to drive the costs down and provides interesting rates. The best way to get excellent ones is to compare all the actors in real time. It’s quite hard. It might take hours or days. By chance there is a trustable solution. By the way the service doesn’t charge fees to the individuals. I suggest to give it a try because people pay around 6% usually whereas the lowest fees provided are around 1.5%, according to their last study.

best exchange rate


Where can i find the most interesting  exchange rate?

As stated above there are ways online and offline to find good exchange rates:

  • Western Union, Money Gram and Ria are good ways online
  • Moneytis is a excellent way to compare all online providers in real time.

Last but not least. On a comparison website there is a service called “alerts”. You receive notifications when the mid-market exchange rate has significantly changed.

More tips for your travel money at telegraph website


What is the exchange rate?

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The exchange rate is the price at which you can exchange a currency against another. Basically, if fruits were currencies and 2 bananas cost the same than 3 strawberries, the exchange rate would be 1 banana = 1.5 Strawberries.


What does the exchange rate depends on?

While there’s a lot of debate amongst economists (surprise, surprise) about what causes exchange rates to change, there is a consensus (according to Jason Van Bergen) that the following six factors are important:

  • Inflation rates: generally, countries with lower inflation rates have higher-valued currencies
  • Interest rates: higher interest rates often mean that investors get a better return in one country than another, and so sometimes push the value of a country’s currency up compared to low interest countries
  • Current account deficits: a current account deficit means that a country is spending more on foreign trade (via imports) than it is earning (via exports), and so it will need to borrow from other countries to finance its deficit – and generally this means the value of its currency will decline
  • Level of public debt: if a country is running very large budget deficits, and borrowing to cover this cost, you will often see high inflation, which in turn will often mean a lower currency valuation.
  • Terms of trade: the terms of trade means the difference between the price of exports and the price of imports – a positive terms of trade means the prices a country gets for its exports is higher than the price it pays for its imports. Generally, the stronger the terms of trade, the stronger the currency, which has definitely been affecting the Aussie dollar in recent years
  • Stability and economic growth: finally, the level of political stability, and whether an economy is growing at all, matter to investors. Stable, growing countries are lower risk, and therefore tend to have stronger currency valuations.

Top 3 key benefits of exchange rate alerts

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Are you used to follow exchange rate evolution? Thanks to the exchange rate alerts you don’t have to worry about it anymore. An exchange rate notification allows you to save time and save money and it’s totally free and personalised on moneytis website. Find bellow the different explications.

No effort to track the exchange rate & save money

When you subscribe to an exchange rate notification tool, you don’t have to pay attention to the exchange rate variation. The tool will send you an email in real time or push you Facebook messenger notifications.  Here are the different kinds of alerts:

Top alert

When the exchange rate is good, it’s a good time to send money

Awesome alert

When the exchange rate is very good, it’s an exceptional case, it really is one of the best moments in the year to exchange currencies.

No go alert

When it’s not a good time to send money abroad.

Thanks to these alert you can receive notifications when the exchange rate has significantly changed.


When the exchange rate is good it means that it has recently changed in your favor, you can save more money by transferring money at this moment than when the exchange rate is in a bad situation.

Exchange rate alerts are free, personalised and easy to subscribe

Let’s take the example of Moneytis’ alerts. You have a simple way to subscribe.  Let your email on the website, you will receive the alerts by email

Afterwards you will start receiving exchange rate notifications. Use them to transfer money at the best moments.

I’m sure you will agree that an exchange rate alert helps to save time and money. Moreover, it’s totally free. No need to watch the exchange rates every 5 minutes on Xe or Oanda websites. Feel free to share the good news around you.



What will the exchange rate be like in 100 years?

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I know, this sound like a crazy question, but did you ever wonder how the exchange rate will behave in the future? What will happen to the US Dollar, the Euro or the Yuan? Well, I have and I’m going to share my thoughts with you my dear reader.

Though, before we start I need to ask you: Did you ever think about the concept of World Currency? Do you know that there exist non national currencies? Did you hear what happened to the ZWB, the Zimbabwean dollar?

If you are wondering and you are an expatriate, the best exchange rates you will get is the good one.

So let’s see the possibilities here

A world currency appears and the exchange rate disappears

Let’s imagine that the US Dollar starts to be used and recognized in every country of the world. Why would we use any other currency? Nobody would want to have a currency that he can only use in several places. The exchange rate of the dollar against those values would become infinite.

However, rest assured, the others countries will never accept this. Another credible possibility would be that an independent currency, such as gold or silver would become this world currency. Gold is a bad example as gold is complicate to exchange. Crypto-currencies would make the deal.

The Austrian economic movement state it will never happen. If an exchange rate go to the moon, another currency will be used instead, and the currency exchange rate will go down as the bubble explode.

A hundred years of extreme currency fluctuation

An alternative is that the exchange rate will continue to fluctuate but the volatility will explode. Why would that happen? Because trust in currencies is at an extreme low and the next crisis will trigger tremendous consequences. As of today, the currencies are national and linked to much more than just the economy.

To illustrate my statement, I’m practically sure that a group of youtubers or popular bloggers could trigger an economical crisis by lowering the trust in the exchange rate of the Thai Baht for example (THB).

Actually if anyone is interested to be part of this, I know the movement of the anonymous youtubers. There is something going on there.

Before letting you to your thoughts, I would like to open your eyes on another concept: Cultural Currencies. If anyone can issue a currency, some will use national currencies, other worldwide currencies but I would use a cultural currency. A cultural currency is a currency based on a community that you recognize yourself in. The Dogecoin for example was one. I will make a specific post about this in the future.

Ps : To answer one of my first questions, the ZWD just disappeared after his exchange rate went as low as 1USD = 4 500 000 0000 ZWD. Now the dollar reign in Zimbabwe.


Help source : worldbank


Covercy exchange rates user analysis

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What about Covercy exchange rates? Users often wonder which money transfer operator offers the best rates. Covercy is one of the best ones. According to moneytis comparison website we can analyse where Covercy offers better exchange rates than competitors.


Exchange rate applied by Covercy from Israel (ILS) to France (EUR)

I tried sending money from Israel to France. The result was interesting. Covercy is by far the cheapest solution according to

For example, it costs me 20 euros more to send 1000 euros to France. I’m quite happy to use Covercy in this case. And here is the exchange rate user analysis from Israel to France: “Covercy is currently providing the best exchange rates for multiple amounts to France. We recommend to use a comparison service before using the website, just because the exchange rates are changing all the time and they also change depending on the mid-market exchange rate.


Exchange rate applied by Covercy from Israel (ILS) to the United States (USD)

For 50’000 ILS Covercy is not the cheapest solution from Israel to the United States. Indeed the exchange rates available show one which is cheaper. However we have to keep in mind that Covercy remains the most easy-to-use solution according to the easiness notation given by the website moneytis. This notation is based on the time needed for processing the transfer but also on means we have to use in order to proceed to the transaction. For example there is a better notation if it’s possible to do 100% of the process online.

Covercy is a great system but we have to keep in mind that it’s always better to use a comparison service first. Just to guarantee for sure that you have the best exchange rates at this moment. Moneytis is probably the most accurate way to do it.


My name is Exchange Rate. Guess how I feel!

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When I was born my parents surprisingly decided to call me Exchange. And their surname is Rate. Just guess how I feel now. I’m totally lost. I feel so bad sometimes when I realize that I am being used to wrap people in the fur just for financial reasons. That’s probably the reason why I am the most lunatic guy ever.

Exchange Rate, where are you from?

My parents were clowns. I think they wanted to make a joke. Not a simple joke. The longest joke ever. I have never had stability but I found good ways to have a clear view on my different personalities. Moneytis is one of the place I feel the best. Indeed it’s clearly stated how much joy I have depending on the different persons I feel like I am. There should be only one Exchange Rate but we are many inside. I hope one day I will be the best exchange rate. Or simply the mid exchange rate. Because right now I sense I am multiple Exchange Rates at the same time and that doesn’t sound right.


Exchange Rate, how do you feel really?

I have sinusoidal moments but also exponential ones. Sometimes I’m down, some others I’m high. It’s hard for me to have clear ideas except when I’m at moneytis, the most transparent place I can live in. I would like to settle there and merge all my beings but right now I still have very lunatic moments. It comes from the fact that I’m used by bad guys. They use me. They change me. All these changes in order to earn money. Just for money? Really? Money is a means, not an end… However I would like to communicate to them that if they continue I would send my head abroad or simply disappear internationally.

Please. I hope you hear me. Don’t use me anymore. I want to be one again. I think I was born unique and having so many different beings is not easy. Thank you moneytis for helping me sorting things out. Hope you will keep helping.