Archived posts for May 2010

China's State Administration of Foreign Exchange (SAFE) has helped to bolster the euro by refuting rumours of a mass sell-off of the currency.

Reports in the Financial Times suggested that the country was reconsidering its debt holdings in the eurozone as a result of the ongoing debt crisis.

Repossessions in Spain are opening up investment opportunities for foreign buyers making international money transfers to the country.

According to Overseas Property Professional, record numbers of investors are looking to buy homes that have been possessed by lenders during the recession.

British expatriates living in New York City are gearing up to celebrate the first-ever BritFest, it has been reported.

Geared towards providing expats with socialising and networking opportunities, the meet-up group Big Apple Brits was set up just last year by Louise Gale.

The number of young Britons likely to be making use of international money transfers after moving to Estonia has remained stable over the past year, newly-reported figures suggest.

Since 1991, emigration out of the Baltic state has exceeded the number of foreigners looking to make a new life there.

Confidence is returning to the US property market and could lead to an increase in the number of people making international money transfers to the country.

According to Paul Collins, editor at the BuyAssociation, many buyers feel that now is a great time to purchase property in North America.

Of all major world currencies, sterling is the cheapest at the moment, the manager of Investec's Managed Currency and Currency Alpha funds has claimed.

According to Investment Week, Tim O'Dell said it would take a large drop in the value of the pound for this position to change.

Continued uncertainty over the debt crisis in Europe has caused the euro to fall further against major currencies.

Following the news that the Spanish central bank had taken over a regional lender, the single currency fell one per cent against the dollar.

Continued uncertainty over the debt crisis in Europe has caused the euro to fall further against major currencies.

Following the news that the Spanish central bank had taken over a regional lender, the single currency fell one per cent against the dollar.

Second home owners with properties in the eurozone may find that their pounds stretch further with international money transfers.

Writing in the Telegraph newspaper, journalist Rosie Murray-West said the weakening pound has hit UK investors with European properties hard.

Second home owners with properties in the eurozone may find that their pounds stretch further with international money transfers.

Writing in the Telegraph newspaper, journalist Rosie Murray-West said the weakening pound has hit UK investors with European properties hard.

Finance ministers in Europe have reached new agreements to help strengthen the euro and prevent another debt crisis.

They will implement tougher penalties for EU member states that fail to comply with the 27-member bloc's fiscal rules.

EU president Herman Van Rompuy said that in addition to stricter budgetary discipline, countries will also work more collaboratively on economic governance.

Property buyers investing in a home abroad have been urged to seek professional advice from a specialist currency broker.

In an article for the Financial Times, Charles Weston-Baker, a spokesman for estate agent Savills International, pointed out that currency fluctuations can lead to substantially higher costs if investors are not careful.

The euro could be given some "temporary relief" from its downward sprial against the dollar and sterling.

An economist at Ignis Asset Management has suggested that the likelihood is for the euro to consolodate against the two major currencies over the coming weeks.

International money transfers to France could prove popular as the number of people interested in the moving to the country appears to have grown.

According to property website Primelocation, France moved up to take first place on the list of most-search for locations.

Sterling's currency exchange rate dipped yesterday (may 20th) following concern over the euro's debt-ridden countries.

Green, Portugal, Spain and Ireland have all experienced significant difficulties with their levels of national debt.

Dealing in currency exchange is proving to be increasingly profitable due to market volatility, it has been suggested.

According to Barclay Stockbrokers, trading volumes in foreign exchange increased by 95 per cent between February and March on the BARXdirect platform.

International money transfers may become cheaper if the euro's struggles continue.

Earlier this week, the euro tumbled to a four-year low against the dollar as investors became jittery about the viability of the single currency.

Dealing in currency exchange is proving to be increasingly profitable due to market volatility, it has been suggested.

According to Barclay Stockbrokers, trading volumes in foreign exchange increased by 95 per cent between February and March on the BARXdirect platform.

Currency exchange rates are the main reason why Britons have become less interested in investing in property in Australia, it has been claimed.

Foreign property hunters appear to be less keen on the country down under as Rightmove Overseas revealed searches for Australian property declined by 27.44 per cent during the year to April 2010.

People who have made international money transfers in order to buy a home overseas may be leaving their property at risk.

While homeowners will have saved money by moving their money through a foreign exchange broker, they could later find themselves at risk of losing out if they do not insure the building.

Currency exchange rates for sterling could be given a boost as the government is set to announce billions of pounds worth of cutbacks.

The coalition government of the Conservatives and the Liberal Democrat party will outline £6 billion worth of cutbacks.

The currency exchange rate on the euro has reached a four-year low.

Further concerns surrounding the debts of certain European countries prompted the continued decline of the currency this morning (Monday May 17th).

International money transfers from the UK to New Zealand could be on the rise.

One expert has suggested that the UK is becoming increasingly keen to employ people from New Zealand.

International money transfers to Italy could become more popular as the country appears to increasing in popularity.

Housing website Rightmove recently reported that significantly more searches were being carried out for property in the Mediterranean country.

Currency exchange markets could change dramatically if the euro were to disappear.

However, Paul Volcker, economic advisor to the White House, warned yesterday that there was a possibility that the currency would not last.

UK currency exchange offices are no longer offering customers €500 notes due to fears of money laundering.

The Serious Organised Crime Agency (Soca) said that nine in ten notes in circulation in Britain are used for criminal purposes such as tax evasion and terrorism.

International money transfers could help Britons considering a move abroad to plan financially.

A recent article published in the Daily Mail highlighted the difficulties faced by couples who have moved abroad in search of a dream life in the sun.

Currency exchange rates for sterling have altered following comments by the governor of the Bank of England (BoE).

Yesterday (May 12th) Mervyn King warned that the need for the UK to tackle its mounting budget deficit is growing all the more urgent due to the debt crisis in the eurozone.

Currency exchange rates will be of benefit to some expatriates, it has been claimed.

According to Maktoob Business, European expatriates in the Middle East will have seen their salaries jump by around ten per cent this year.

The value of the pound dropped this morning in response to new figures showing imports outstripped exports in March.

Data from the Office for National Statistics (ONS) showed that the UK's trade deficit was £3.7 billion in that month, a jump from £2.2 billion in February.

A growing number of people may be encouraged to make international money transfers to Spain following a new services.

Offered by Clydesdale and Yorkshire banks, the Spanish Property service will help buyers who are unsure about moving abroad

Now is a good time to make international money transfers, it has been suggested.

According to the National Association of Estate Agents (NAEA), house hunters would do well to pick up a bargain overseas now, rather than waiting for the new government to get settled.

The pound has fallen on the foreign exchange markets after Gordon Brown announced he was stepping down as leader of the Labour Party.

His departure will leave a political vacuum, with none of the main political parties having secured a ruling majority in last week's general election.

The euro rallied on the foreign exchange markets today (Monday May 10th) after a €750 billion (£655 billion) bailout package was agreed over the weekend.

In an effort to prevent the debt crisis in Greece from spreading to other countries, European Union finance ministers reached a deal with the International Monetary Fund (IMF).

The currency exchange rate for sterling has fallen rapidly following today's announcement that the UK is facing a hung parliament.

Yesterday's (May 6th) general election failed to deliver a clear winner among the three main parties, resulting in political and economic uncertainty.

International money transfers could be needed by self-employed people as an expert has suggested there may be more opportunities abroad for people with their own business.

Rhiannon Davies, co-founder of expatriate advice website Shelter Offshore, said that a lot of overseas countries have a "far more positive attitude to those who want to work for themselves, create employment for others and who bring new skills or services to the local environment".

International money transfers could be needed by self-employed people as an expert has suggested there may be more opportunities abroad for people with their own business.

Rhiannon Davies, co-founder of expatriate advice website Shelter Offshore, said that a lot of overseas countries have a "far more positive attitude to those who want to work for themselves, create employment for others and who bring new skills or services to the local environment".

The currency exchange rate of sterling is helping to boost export businesses in the UK, it has been suggested.

A report from the Confederation of British Industry (CBI) revealed that the UK's small and medium-sized manufacturers have witnessed overall improvements in business.

The currency exchange rate of sterling is helping to boost export businesses in the UK, it has been suggested.

A report from the Confederation of British Industry (CBI) revealed that the UK's small and medium-sized manufacturers have witnessed overall improvements in business.

International money transfers could become more popular as searches for foreign properties have increased.

Property website Primelocation.com has reported a 95 per cent increase in searches for property abroad between March 2009 and March 2010.

The euro has reached a year's low on the currency exchange markets today (May 5th).

Trades this morning saw the currency make $1.297 against the dollar at 08:30 BST.

Gregg Gibbs, foreign exchange strategist at the Royal Bank of Scotland in Sydney, told Reuters: "The euro is now on a clear downward trend and that's quite entrenched now.

Sterling has dipped against the dollar on the currency exchange markets, with analysts suggesting that political movement is behind the decline.

The markets saw the pound drop by 0.79 per cent against the dollar this morning (May 4th) to trade at $1.51 at 11:30 BST.

Currency exchange brokers, including HiFX, have been recommended as a way of saving money when moving abroad.

Writing for CityWire, Lorna Bourke said that "foreign exchange firms like HiFX … generally have lower charges [than banks] for transferring funds".