A six-week pilot project to evaluate whether central bank digital currencies (CBDC) would be useful for foreign exchange transfers successfully had 20 different commercial banks conduct over 160 ...

Reports of the death of the US dollar appear to be greatly exaggerated (like that of author Mark Twain). Subscribe to our newsletter for the latest sci-tech news updates. Global trading in the foreign ...

Review your credit card fee policies before traveling outside the U.S. to avoid surprise costs. If needed, apply for a credit card without travel-related surcharges and fees. To avoid high conversion ...

Last year, the average daily foreign exchange transaction volume at banks reached a record high. This surge was driven by simultaneous increases in overseas securities investments, such as stocks and ...

Effective Dec 29, banks must request evidence of sales abroad for every foreign currency transaction relating to gold, according to the Bank of Thailand letter. (Dec 26): The Bank of Thailand has ...

New development comes as part of Brazilian exchange group’s aim to stimulate development within the country’s interbank market. Brazilian stock exchange group B3 has begun operating its foreign ...

The average daily foreign exchange transaction amount at foreign exchange banks topped $80 billion last year, marking an all-time high. The extension of foreign exchange market trading hours, along ...

When you travel abroad, you expect simplicity and transparency — especially when your financial tools promise no extra charges. Yet Uber is adopting a strategy — Uber preferred currency fee - that ...