International money transfers to benefit expat workers?

International money transfers could prove to be important for people employed overseas.

Indeed, recent research conducted by the Economist Intelligence Unit has suggested that the number of workers posted abroad is likely to rise in the coming years.

The study found that although only 13 per cent of firms expanded their expatriate workforce over the past two years, a further 29 per cent said that they had plans to do so within the next five years.

Using an independent foreign exchange broker to make an international money transfer could be one way to help keep down the cost of sending money back to the UK.

Paul Lewis, managing editor of executive briefing at the Economist Intelligence Unit and the report's editor, told the Telegraph: "As the world is becoming more globalised, expatriate strategy is changing.

"Expatriate jobs are no longer considered hardship postings but are in demand, especially among young people."

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Posted by Sarah Pitton