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Archived posts for April 2009

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Proposals may benefit foreign exchange transactions

30

Apr

2009

 HiFX News@ 12:00 AM

Guidelines issued by president Barack Obama could have a positive impact on foreign exchange transactions

Britons who use foreign exchanges services when moving their loans and savings abroad could see a reduction in banking costs.

At a recent meeting with Bank of America and American Express, Obama stepped forward to slam costs associated with credit cards, such as late fees.

Continue reading "Proposals may benefit foreign exchange transactions"...

Insurance advice issued to emigrants

30

Apr

2009

 HiFX News@ 12:00 AM

Insurance advice has been offered to protect those making international money transfers.

Shelter Offshore recently published tips that can help emigrants begin their new lives abroad.

The financial advisor explained that Britons who have made international money transfers and bought assets that are located internationally should ensure they have adequate insurance.

Continue reading "Insurance advice issued to emigrants"...

Hungary "safe" for international money transfers

29

Apr

2009

Tags:
 HiFX News@ 12:00 AM

Hungary's stable market makes it an ideal venue for those making international money transfers to the area, industry experts report.

Liam Bailey, director at Write About Property, recently highlighted the country as a "safe" place to invest.

Continue reading "Hungary "safe" for international money transfers"...

Brits provide foreign exchange boost in Turkey

29

Apr

2009

 HiFX News@ 12:00 AM

Turkey is a popular location for Britons using foreign exchange services, according to industry experts.

UK investors are arriving in the country in greater numbers due to improved travel links and favourable foreign exchange rates, Artemis Travel reports.

Continue reading "Brits provide foreign exchange boost in Turkey"...

Emigrants search for "really distressed homes"

28

Apr

2009

 HiFX News@ 12:00 AM

Emigrants from the UK are increasingly likely to use foreign exchange services in order to buy distressed homes abroad, according to recent research.

Overseas property expert Nubricks recently reported that the number of cheap properties purchased by Britons abroad has increased.

Continue reading "Emigrants search for "really distressed homes" "...

Property investors may look to Dubai

28

Apr

2009

 HiFX News@ 12:00 AM

Dubai could prove lucrative for Britons making international money transfers to the country.

Emigrants from the UK may benefit from a recent fall in house prices, which makes homes in the region more affordable.

Charles Neil, chief executive of the Landmark Advisory, revealed that last year saw a 23 per cent drop in the value of homes in the affluent Springs area of the city.

Continue reading "Property investors may look to Dubai"...

'Foreign exchange may benefit from stronger pound'

27

Apr

2009

Tags:
 HiFX News@ 12:00 AM

Investors making an international money transfer abroad will eventually benefit from a stronger pound, an industry expert indicates.

Despite the recession, UK consumers may still expect to see their money go further when making money online money transfers, the Telegraph reports.

Continue reading "'Foreign exchange may benefit from stronger pound'"...

Iceland may draw UK emigrants

27

Apr

2009

Tags:
 HiFX News@ 12:00 AM

Iceland could soon be attracting those interested in international money transfers if the country successfully joins the European Union (EU).

Johanna Sigurdardottir, Iceland's prime minister, recently revealed proposals that would see the country applying to become a member of the EU, Reuters reports.

Continue reading "Iceland may draw UK emigrants"...

High earner emigration concern

24

Apr

2009

 HiFX News@ 12:00 AM

More of Britain's top earners could soon emigrate from the country in an effort to escape the government's new tax plans, it has been claimed.

Experts have suggested many Britons earning above the government's new 50p in the pound tax rate for those earning £150,000 or more could lead to many more people looking to make an international transfer overseas.

Continue reading "High earner emigration concern"...

Antibes 'ripe for an international money transfer'

24

Apr

2009

 HiFX News@ 12:00 AM

The Antibes region of France is in a prime position for people looking to make an international money transfer to purchase a new property, it has been claimed.

People planning to transfer money to the region will have plenty of options should they be looking to purchase a property, according to the Antibes Juan-les-Pins tourist board.

Continue reading "Antibes 'ripe for an international money transfer'"...

G7 'not concerned' about foreign exchange

23

Apr

2009

 HiFX News@ 12:00 AM

An official at the Japanese government has claimed the upcoming meeting of the Group of Seven (G7) most industrialised countries will not be preoccupied with foreign exchange rates.

According to the Wall Street Journal, a senior Japanese finance ministry has said the issue of foreign exchange will not be a key agenda at Friday's meeting, despite the fact many currencies are suffering from significant volatility.

Continue reading "G7 'not concerned' about foreign exchange"...

Travellers looking closer to home

23

Apr

2009

 HiFX News@ 12:00 AM

A growing number of Britons considering making an international payment and emigrating might consider looking closer to home, rather than searching out exotic locations, it has been suggested.

According to online travel company Expedia, closer-to-home destinations in Europe are providing Britons with short budget breaks despite the strong euro.

Continue reading "Travellers looking closer to home"...

Foreign exchange markets 'responding well' to UK recession plan

22

Apr

2009

 HiFX News@ 12:00 AM

The measures taken by the UK government and the Bank of England to tackle the recession have been well received by foreign exchange markets, it has been claimed.

Speaking to MPs in the House of Commons, Bank of England executive director Paul Fisher claimed that the fall in value of the pound had been "warranted" during 2008, but suggested the currency is now staging a recovery because of the measures put in place by the bank and the government.

Continue reading "Foreign exchange markets 'responding well' to UK recession plan"...

Foreign exchange comes to UK tourist resorts

22

Apr

2009

 HiFX News@ 12:00 AM

A new initiative has been launched by a number of tourist resorts in the UK that will see visitors able to pay with euros.

In a move that could see more people using foreign exchange services in the towns, Poole and Bournemouth have both begun accepting euros in a bid to encourage more European visitors - as well as offering a place to stay for returning Brits.

Continue reading "Foreign exchange comes to UK tourist resorts"...

Eastern Europe offers opportunities for emigrating Brits

21

Apr

2009

 HiFX News@ 12:00 AM

Eastern European countries such as Latvia and Slovakia could offer good opportunities for Britons looking to make an international money transfer and emigrate from the UK, it has been suggested.

The countries could provide Britons with the chance to make a good investment in a property via an international payment and offer a lower cost of living than seen in the UK.

Continue reading "Eastern Europe offers opportunities for emigrating Brits"...

Spanish market 'ripe for investors'

21

Apr

2009

 HiFX News@ 12:00 AM

It has been claimed that people considering making an international payment to a foreign country should once again start looking at Spain.

Although the Spanish property market has suffered a difficult few years, the economy is back on track and experts have suggested now might be a good time for people to make a money transfer to Spain.

Continue reading "Spanish market 'ripe for investors'"...

'Top rate of tax will result in more emigration'

21

Apr

2009

 HiFX News@ 12:00 AM

More wealthy people could be looking to emigrate in the near future if the government goes through with plans to introduce a new top rate of taxation.

Chancellor Alistair Darling is understood to be planning to introduce a new top 45 per cent rate of tax in this week's Budget, but experts have warned that the move could result in more people making international money transfers out of the UK.

Continue reading "'Top rate of tax will result in more emigration'"...

Unpredictable currencies making foreign exchange profitable

20

Apr

2009

 HiFX News@ 12:00 AM

Foreign exchange trading is becoming increasingly profitable because of the volatile markets, with many betting accurately on falling currencies.

New figures released by Dutch bank ABM Amro have revealed expectations that currency swings will continue on their downward spiral from record highs helped to deliver a 32 per cent gain in the final months of 2008, as the foreign exchange markets continued to see plenty of activity.

Continue reading "Unpredictable currencies making foreign exchange profitable"...

Saving money while emigrating

20

Apr

2009

Tags:
     HiFX News@ 12:00 AM

    People planning to make a foreign payment and emigrate in an effort to beat the UK recession should be careful not to be too flamboyant when spending their money because the world is in the grip of a downturn.

    People emigrating from the UK may be forgiven for thinking they can relocate to escape money problems, but as the global economy suffers there are few places in the world where people can make a real killing at the moment.

    Continue reading "Saving money while emigrating"...

    Foreign exchange rules 'should be relaxed'

    17

    Apr

    2009

     HiFX News@ 12:00 AM

    Banks have urged governments to relax the rules surrounding foreign exchange in a bid to boost the global economy.

    Financial institutions in the Philippines have become the latest to call for a relaxation of the rules on foreign exchange so that the country is able to move closer to international standards, reports Business World Online.

    Continue reading "Foreign exchange rules 'should be relaxed'"...

    Saving money while emigrating

    17

    Apr

    2009

     HiFX News@ 12:00 AM

    People planning to make a foreign payment and emigrate in an effort to beat the UK recession should be careful not to be too flamboyant when spending their money because the world is in the grip of a downturn.

    People emigrating from the UK may be forgiven for thinking they can relocate to escape money problems, but as the global economy suffers there are few places in the world where people can make a real killing at the moment.

    Continue reading "Saving money while emigrating"...

    Growth of Britons in Egypt boosting air routes

    16

    Apr

    2009

     HiFX News@ 12:00 AM

    A rise in the number of British people emigrating to Egypt is helping to promote a growth in the number of air routes in the country, it has been claimed.

    According to the Globespan Group, demand is increasing in Egypt for routes to and from the UK because there are so many people looking to make an international money transfer to Egypt as they emigrate to the region.

    Continue reading "Growth of Britons in Egypt boosting air routes"...

    Macau 'ideal for property investment'

    16

    Apr

    2009

     HiFX News@ 12:00 AM

    People considering making an international money transfer should consider Macau as a potential investment hotspot, it has been claimed.

    According to Homesgofast.com, the region currently "ticks all the right boxes" when it comes to a potential property investment location, offering people a good place to put their money during the current global recession.

    Continue reading "Macau 'ideal for property investment'"...

    Emigrating 'still offers cheap option'

    15

    Apr

    2009

     HiFX News@ 12:00 AM

    People considering emigrating from the UK can still find themselves good bargains around the world, it has been suggested.

    Anyone contemplating making the move should check the foreign exchange rates carefully because some countries can still offer good bargains and be considerably cheaper places to live than the UK, reports a survey from travel firm Thomas Cook.

    Continue reading "Emigrating 'still offers cheap option'"...

    Far East remains top attraction for emigrating Brits

    15

    Apr

    2009

     HiFX News@ 12:00 AM

    People considering emigrating from the UK are still looking at destinations in the Far East to make an international money transfer.

    The region will be the focus of a new television programme airing this week, fronted by Alan Whicker, which will explore the changes to the area that have occurred since he first visited it 50 years ago.

    Continue reading "Far East remains top attraction for emigrating Brits"...

    Emigrants warned over new e-Borders system

    14

    Apr

    2009

     HiFX News@ 12:00 AM

    Britons preparing to emigrate have been warned to make sure they are ready for the government's implementation of the new e-Borders system.

    The government has launched the new scheme, which sees data collected and analysed from carriers (including airlines, ferries and rail companies) about everyone who intends to travel to or from the UK before they travel.

    Continue reading "Emigrants warned over new e-Borders system"...

    Global foreign exchange trading 'set to slow'

    14

    Apr

    2009

     HiFX News@ 12:00 AM

    Global foreign exchange trading is expected to shrink in 2009 after a 15 per cent jump in activity last year, according to the latest figures.

    Research from Greenwich Associates has found there was a significant growth in global foreign exchange trading last year as the world's financial markets endured a rollercoaster ride before slipping into freefall at the end of the year.

    Continue reading "Global foreign exchange trading 'set to slow'"...

    Eastern Europe 'would reject' euro adoption

    9

    Apr

    2009

     HiFX News@ 12:00 AM

    Experts have rejected claims that the volatile foreign exchange markets will push eastern European nations to adopt the euro before becoming full members of the European Union.

    A report in the Financial Times had claimed the International Monetary Fund (IMF) wants countries in eastern Europe to adopt the euro to improve foreign exchange stability in the region during the current global recession.

    Continue reading "Eastern Europe 'would reject' euro adoption"...

    Spain 'offers stability'

    9

    Apr

    2009

     HiFX News@ 12:00 AM

    It has been claimed that people considering making an international money transfer should look to traditional destinations within Europe rather than focusing on more obscure locations during the credit crunch.

    With the global recession affecting much of Europe, some people might be tempted to look to places such as Turkey and even Egypt to seek out better deals when making an international payment, but they have been warned that any gains may only be short-term.

    Continue reading "Spain 'offers stability'"...

    Russia sees foreign exchange reserves drop

    8

    Apr

    2009

     HiFX News@ 12:00 AM

    Russia has seen its foreign exchange reserves suffer over recent months as the global economy continues to struggle.

    According to the Itar-Tass news agency, Russia's gold and foreign exchange reserves dropped by 10.1 per cent during the first quarter of this year, as the credit crunch hit.

    Continue reading "Russia sees foreign exchange reserves drop"...

    Foreign exchange stability to push Eastern Europe into euro?

    8

    Apr

    2009

     HiFX News@ 12:00 AM

    The need for financial stability across the world could see eastern European countries not already part of the European Union join the euro, it has been claimed.

    According to the Financial Times, the International Monetary Fund (IMF) is keen to see countries in eastern Europe adopt the euro in an effort to ensure greater foreign exchange stability in the region.

    Continue reading "Foreign exchange stability to push Eastern Europe into euro?"...

    Thailand 'top destination' for Brits

    7

    Apr

    2009

     HiFX News@ 12:00 AM

    Britons looking to transfer money abroad may choose Thailand, as it has been claimed the region is winning a growing number of British visitors.

    Travel information provider Trivago has suggested that many Britons are heading further afield to places like Thailand in search of a good deal.

    Continue reading "Thailand 'top destination' for Brits"...

    Emigration 'brain drain' set to hit as recession deepens

    7

    Apr

    2009

     HiFX News@ 12:00 AM

    Ireland and the UK could see more young people making an international money transfer after leaving university in search of a job, it has been suggested.

    According to a survey carried out by students at University College Cork, as many as a fifth of young people are considering emigrating to find employment when they leave university, the Belfast Telegraph reports.

    Continue reading "Emigration 'brain drain' set to hit as recession deepens"...

    Australia 'remains the classic emigration fantasy'

    6

    Apr

    2009

     HiFX News@ 12:00 AM

    People considering a move to Australia are indulging in a classic emigration fantasy, according to Rightmove.co.uk, as people recognise the benefits a move Down Under can offer.

    According to Robin Wilson, head of overseas at Rightmove.co.uk, however, many people do not go through with their emigration plans because of issues anchoring them to their lives in the UK.

    Continue reading "Australia 'remains the classic emigration fantasy'"...

    Calm hoped for on foreign exchange markets after G20

    6

    Apr

    2009

     HiFX News@ 12:00 AM

    Experts are hopeful that the foreign exchange markets will begin to settle down this week following the conclusion of the G20 summit in London.

    It is hoped that the agreement to provide a $1.1 trillion (£681 billion) package of measures to help boost the global economy will help the world's foreign exchange markets to return to pre-crisis levels.

    Continue reading "Calm hoped for on foreign exchange markets after G20"...

    Hungary enjoys foreign exchange boost

    3

    Apr

    2009

     HiFX News@ 12:00 AM

    Hungary saw a rise in revenue from foreign exchange last year, as the country's tourist trade enjoyed a bumper year.

    The country's total revenues from foreign exchange reached €4.1 billion (£3.7 billion) during 2008, representing an 18.9 per cent increase on the previous year.

    Continue reading "Hungary enjoys foreign exchange boost"...

    Recession pushes more to consider emigration

    3

    Apr

    2009

     HiFX News@ 12:00 AM

    A growing number of people in the UK are starting to look at the options open to tem for emigrating, as the credit crunch continues.

    With the recession expected to deepen in the UK over the months ahead, potentially resulting in thousands of people being made redundant, some are considering using their redundancy pay to make a foreign currency exchange and move abroad.

    Continue reading "Recession pushes more to consider emigration"...

    Strong dollar 'crucial' to global economy

    2

    Apr

    2009

     HiFX News@ 12:00 AM

    People considering making a foreign exchange should not be put off the US dollar because of the current economic difficulties, it has been suggested.

    The World Bank has claimed a strong dollar will be a crucial asset to the global economy as it looks to resurrect itself following the recession.

    Continue reading "Strong dollar 'crucial' to global economy"...

    Brits head for Asia Pacific

    2

    Apr

    2009

     HiFX News@ 12:00 AM

    A growing number of Britons are looking beyond traditional destinations such as the US and Europe when planning an international money transfer and are instead making for the Asia Pacific region, it has been claimed.

    According to online travel agent Expedia, many Britons are choosing places like Thailand to spend their time, with some making international money transfers to buy property or retire to the area.

    Continue reading "Brits head for Asia Pacific"...

    Emigration to Malaysia 'set to rise'

    1

    Apr

    2009

     HiFX News@ 12:00 AM

    Experts believe the current global economic crisis will not deter people from making a foreign exchange to set up home in Malaysia.

    According to Christopher Chadd, head of research at Property Frontiers, once the global markets begin to settle down again more people could decide to emigrate to Malaysia because of the excellent property opportunities it affords.

    Continue reading "Emigration to Malaysia 'set to rise'"...

    Climate driving increased emigration to New Zealand

    1

    Apr

    2009

     HiFX News@ 12:00 AM

    A growing number of Britons are choosing to emigrate to New Zealand because of the worsening northern hemisphere climate, it has been claimed.

    The New Zealand Visa Bureau reports it is expecting a rise in the number of applications from Brits planning to emigrate to the country because they are fed up with the poor weather in the northern hemisphere.

    Continue reading "Climate driving increased emigration to New Zealand"...


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