The euro celebrates its 20th birthday

The euro celebrates its 20th birthday

As the European Union has announced, the euro has reached another milestone, celebrating its 20th birthday this year. The euro came into being two decades ago, on 1 January 1999, when, as the European Union explains, 11 EU countries elected to fix their exchange...
ACCC launches currency conversion inquiry

ACCC launches currency conversion inquiry

The Australian Competition and Consumer Commission (ACCC) has revealed that it is commencing an inquiry into foreign currency conversion services. “Whether you’re buying Euros from your bank for an upcoming trip, sending money to family in Indonesia, or you’re a small...
US tariffs take a toll on the yuan

US tariffs take a toll on the yuan

A former advisor to the People’s Bank of China has been warning that China’s trade war with the US could result in “capital outflows and currency depreciation”, as the South China Morning Post reports. Yu Yongding, who is also a senior researcher with the Chinese...