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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
    +
    0.6512
  • NZD / GBP
    +
    0.51
  • NZD / EUR
    +
    0.5826
  • NZD / AUD
    +
    0.9463
  • NZD / JPY
    +
    71.9969
  • NZD / CAD
    +
    0.8735
  • NZD / SGD
    +
    0.8965
  • NZD / CHF
    +
    0.6574
  • NZD / HKD
    +
    5.1115
  • NZD / THB
    +
    20.8085
  • NZD / ZAR
    +
    9.3718
  • NZD / DKK
    +
    4.3514
  • NZD / SEK
    +
    6.2842
Australian
  • AUD / USD
    +
    0.6881
  • AUD / GBP
    +
    0.5389
  • AUD / EUR
    +
    0.6157
  • AUD / NZD
    +
    1.0568
  • AUD / JPY
    +
    76.0828
  • AUD / CAD
    +
    0.9231
  • AUD / SGD
    +
    0.9473
  • AUD / CHF
    +
    0.6947
  • AUD / HKD
    +
    5.4016
  • AUD / THB
    +
    21.9894
  • AUD / ZAR
    +
    9.9036
  • AUD / DKK
    +
    4.5983
  • AUD / SEK
    +
    6.6409
Euro
  • EUR / USD
    +
    1.1177
  • EUR / GBP
    +
    0.8754
  • EUR / AUD
    +
    1.6243
  • EUR / NZD
    +
    1.7164
  • EUR / JPY
    +
    123.5789
  • EUR / CAD
    +
    1.4993
  • EUR / SGD
    +
    1.5387
  • EUR / CHF
    +
    1.1284
  • EUR / HKD
    +
    8.7737
  • EUR / THB
    +
    35.7167
  • EUR / ZAR
    +
    16.0862
  • EUR / DKK
    +
    7.4689
  • EUR / SEK
    +
    10.7865
United Kingdom
  • GBP / USD
    +
    1.2768
  • GBP / EUR
    +
    1.1423
  • GBP / AUD
    +
    1.8555
  • GBP / NZD
    +
    1.9608
  • GBP / JPY
    +
    141.169
  • GBP / CAD
    +
    1.7127
  • GBP / SGD
    +
    1.7578
  • GBP / CHF
    +
    1.289
  • GBP / HKD
    +
    10.0225
  • GBP / THB
    +
    40.8005
  • GBP / ZAR
    +
    18.3758
  • GBP / DKK
    +
    8.532
  • GBP / SEK
    +
    12.3219
United States
  • USD / GBP
    +
    0.7832
  • USD / EUR
    +
    0.8947
  • USD / AUD
    +
    1.4532
  • USD / NZD
    +
    1.5357
  • USD / JPY
    +
    110.5635
  • USD / CAD
    +
    1.3414
  • USD / SGD
    +
    1.3767
  • USD / CHF
    +
    1.0096
  • USD / HKD
    +
    7.8496
  • USD / THB
    +
    31.955
  • USD / ZAR
    +
    14.392
  • USD / DKK
    +
    6.6823
  • USD / SEK
    +
    9.6505

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

 

Commentary

21st May 2019 Market Commentary

Australian equity markets rallied strongly on the Federal Election result. The Liberal/National Government is seen as a ‘safe pair of hands’ and will preserve the status quo. The currency managed a bounce up to 0.6930, but it was a ‘dead cat bounce’, falling back to 0.6900 overnight. The good political news is being overwhelmed by recent softer economic growth and employment numbers and the likelihood of a rate cut by the RBA at the next meeting. The NZD received some momentum reversal after the Australian election, but resumed the downward slide overnight, falling to 0.6525.

US and European equity markets lost some ground in overnight trade, after the news that Huawei will lose their google android phone software. The move from google comes after pressure from the Trump administration, requiring licences to deal with some Chinese companies, increasing pressure on the Chinese to do the trade deal. The Dollar continues to rally, with the EUR falling back to 1.1150, while the Yen trades below 110.00. The GBP continues to drop, as Brexit chaos abounds, now under extreme pressure from the Brexit Party. In the coming EU elections, which will cost PM May her job and perhaps offer a last chance to the Tories to exit the EU, the whole EU could suffer upheaval?

Weekly Market Calendar

20/5 NZ Services PMI, UK House Prices, Japan GDP, Japan Industrial Production, EU Current Account, Chicago Fed National Activity.

21/5 Australia Consumer Confidence, RBA Minutes, NZ Credit Card Spending, OECD Outlook Report, EU Consumer Confidence, US Existing Home Sales

22/5 Japan Trade Exports/Imports, Australia Leading Index, UK CPI, UK House Prices, US Weekly Mortgage Applications, FOMC Minutes

23/5 Australia Services/Manufacturing/Composite PMI, German GDP, France/German/EU Services/Manufacturing/Composite PMI, German IFO Business Climate, US Weekly Jobless Claims, US Services/Manufacturing/Composite PMI, US New Home Sales, Kansas City Fed Manufacturing

24/5 NZ Trade Exports/Imports, Japan CPI, UK Retail Sales, Durable Goods Orders

Application Form – Entity

Application Form – Trust

Application form – Individual & sole trader

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.

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Forex Team