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Collinson Forex provides a complete range of foreign exchange services globally. Client relationships are at the heart of our business. By working closely with our clients, we strive to truly understand their business requirements and thus assist them to implement effective FX strategies.

Rates

New Zealand
  • NZD / USD
    +
    0.6582
  • NZD / GBP
    +
    0.5181
  • NZD / EUR
    +
    0.5828
  • NZD / AUD
    +
    0.9508
  • NZD / JPY
    +
    70.6197
  • NZD / CAD
    +
    0.8687
  • NZD / SGD
    +
    0.8925
  • NZD / CHF
    +
    0.6458
  • NZD / HKD
    +
    5.1429
  • NZD / THB
    +
    20.3064
  • NZD / ZAR
    +
    9.4457
  • NZD / DKK
    +
    4.3512
  • NZD / SEK
    +
    6.1936
Australian
  • AUD / USD
    +
    0.6923
  • AUD / GBP
    +
    0.5449
  • AUD / EUR
    +
    0.613
  • AUD / NZD
    +
    1.0517
  • AUD / JPY
    +
    74.2741
  • AUD / CAD
    +
    0.9137
  • AUD / SGD
    +
    0.9387
  • AUD / CHF
    +
    0.6793
  • AUD / HKD
    +
    5.409
  • AUD / THB
    +
    21.3572
  • AUD / ZAR
    +
    9.9345
  • AUD / DKK
    +
    4.5764
  • AUD / SEK
    +
    6.5141
Euro
  • EUR / USD
    +
    1.1294
  • EUR / GBP
    +
    0.8889
  • EUR / AUD
    +
    1.6314
  • EUR / NZD
    +
    1.7158
  • EUR / JPY
    +
    121.1689
  • EUR / CAD
    +
    1.4905
  • EUR / SGD
    +
    1.5313
  • EUR / CHF
    +
    1.1081
  • EUR / HKD
    +
    8.8242
  • EUR / THB
    +
    34.8416
  • EUR / ZAR
    +
    16.2069
  • EUR / DKK
    +
    7.4658
  • EUR / SEK
    +
    10.627
United Kingdom
  • GBP / USD
    +
    1.2705
  • GBP / EUR
    +
    1.125
  • GBP / AUD
    +
    1.8352
  • GBP / NZD
    +
    1.9302
  • GBP / JPY
    +
    136.3101
  • GBP / CAD
    +
    1.6768
  • GBP / SGD
    +
    1.7227
  • GBP / CHF
    +
    1.2466
  • GBP / HKD
    +
    9.9268
  • GBP / THB
    +
    39.1954
  • GBP / ZAR
    +
    18.2321
  • GBP / DKK
    +
    8.3987
  • GBP / SEK
    +
    11.9549
United States
  • USD / GBP
    +
    0.7871
  • USD / EUR
    +
    0.8855
  • USD / AUD
    +
    1.4445
  • USD / NZD
    +
    1.5193
  • USD / JPY
    +
    107.289
  • USD / CAD
    +
    1.3198
  • USD / SGD
    +
    1.3559
  • USD / CHF
    +
    0.9812
  • USD / HKD
    +
    7.8134
  • USD / THB
    +
    30.8505
  • USD / ZAR
    +
    14.3504
  • USD / DKK
    +
    6.6106
  • USD / SEK
    +
    9.4097

*Rates are indicative only and indicate a midpoint between buy and sell prices

 

Commentary

21st June 2019 Market Commentary

International share markets surged with renewed confidence, supported by global Central Bank rhetoric and telegraphed action. The Fed lead the way, with strong rhetoric, promising to battle economic risk with rate cuts and expanded QE. The market is pricing in a rate cut as early as the next month meeting, with more to follow. The trade risks are building to a crescendo, with the summit being the G20, where President Trump and Xi meet. Expectations are high for an agreement, but failure would see immediate action from Central Banks, lead by the Fed! The alternative scenario being mooted, is that they will reach an intermediate agreement to suspend tariffs until an agreement is reached, by a newly designated deadline. The worst option is a collapse of the trade talks and further sanctions imposed. This would definitely smash global growth prospects and risk sentiment, driving immediate and substantial reaction from global Central banks.

The Fed have led the way and the ECB, Bank of England and Bank of Japan are in lock step. The Bank of England were very dovish overnight in their statement, with all their standard pessimism towards Brexit, while expounding the threats of global trade wars. Equity markets took the ball and ran with it. The GBP pushed back towards 1.2700, while the EUR travels back to threaten 1.1300. The Bank of Japan has threatened to cut already negative interest rates and expand monetary stimulus, although a flagging reserve allowed the Yen to break through to 107.40.

The softer reserve allowed the AUD to consolidate above 0.6900, while the NZD is attempting to regain 0.6600, after GDP growth data relieved many pundits by meeting expectations. Look for economic sentiment to soften,  in the lead up to next weeks G20 in Japan, which will be confirmed in growth and demand numbers.

Weekly Market Calendar

17/6 NZ Services PMI, UK House Prices, NZ Dairy Auction, Empire State Manufacturing, NAHB House Market Index

18/6 NZ Consumer Confidence, Australia Consumer Confidence, Australia House Prices, China New Home Sales, RBA Minutes, EU Trade, EU CPI, German/EU ZEW Economic Sentiment, US Home Sales, US Building Permits

19/6 NZ Current Account, Japan Trade Exports/Imports, EU Current Account, UK CPI, UK House Prices, EU Construction, FOMC 2 Day Meeting

20/6 NZ GDP, Bank of Japan Rate Decision, UK Retail Sales, Bank of England Rate Decision, US Current Account, US Weekly Jobless Claims, Philly Fed Survey, US Leading Index, EU Consumer Confidence

21/6 Australia Services/Manufacturing/Composite PMI, Japan CPI, Japan Manufacturing PMI, France/German/EU Services/Manufacturing/Composite PMI, US Services/Manufacturing/Composite PMI, US Existing Home Sales

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Currency Converter

Services

We provide wholesale FX exchange rates with minimal fee structures for importers, exporters and private individuals.

We keep our clients updated with exchange rates, overnight and future market developments, that may have an impact on the market. A comprehensive daily analysis is available upon request or on subscription.

As you would expect, our dealers are available 24 hours a day for real-time market alerts, rates or commentary.

Foreign currencies transferred to 180 countries. 30 currencies available. Amounts, beneficiary details (encrypted database storage), exchange rate set with dealers. Payment transferred securely as per instructions.

Receiving foreign currencies.
Talk to our global dealers advising the currency, amount and date paid. We provide bank details for foreign currency receipts as required. Rates are agreed on advice or following receipt of funds.
Upon receipt of funds we advise the client and pay on their instruction.

All clients who wish to enter into a forward contract with Collinson Forex must meet certain requirements as per current legislation before this can be offered.
Please contact our global dealers to discuss this and your particular requirements.

Collinson Forex provides a full service in FX risk exposure management, using a variety of market products.
If you have FX exposure that needs to be managed, we can provide a strategy to minimise your risk, and help to take advantage of any potential gains, using market fluctuations – thus also helping to protect sales margins and budgeted FX rates.

Setting market orders (including stop loss orders) at desired levels will be monitored 24 hours a day (good ’til cancelled – GTC).

If currency rates in global markets trade at order levels, a deal is effected and advised.