12
Mar
2010
HiFX News@ 12:00 AM
China's foreign currency exchange policy has come under scrutiny by the US.
US president Barack Obama has suggested that the Asian country should adopt a "market-orientated" exchange rate policy.
Continue reading "Chinese currency exchange policy under scrutiny "...
9
Mar
2010
HiFX News@ 12:00 AM
Foreign exchange rates between the US dollar and sterling, two of the biggest world currencies, have remained relatively stagnant this week.
Analysts have noted a small drop in the US dollar as employment data did little to beat expectations.
Continue reading "Foreign exchange rates 'remain flat' "...
5
Mar
2010
HiFX News@ 12:00 AM
The Australian dollar is performing well in currency exchange markets, according to the Australian Associated Press (AAP).
Europe's poor economic performance played its part in offering good deals between the dollar and the euro and sterling.
Continue reading "AUSD 'performing well'"...
4
Mar
2010
HiFX News@ 12:00 AM
A price comparison website has put together a short guide to raise awareness of how Britons can save money abroad.
Moneysupermarket.com said that the falling value of sterling will affect expatriates and holidaymakers heading overseas.
"The value of sterling has sunk this week, as investors get jittery about the possibility there will be no clear winner in the next general election," the website explained.
Continue reading "Expats offered foreign exchange tips "...
2
Mar
2010
HiFX News@ 12:00 AM
The euro has dropped to its lowest level against the dollar, thanks largely to ongoing uncertainty over the state of the Greek economy, the latest foreign currency exchange rates show.
Coming soon after the largest public sector workers' union in Greece hinted that it may be going ahead with plans for a nationwide strike, the latest data published by Reuters shows that the euro fell as low as $1.3435.
Continue reading "Greece pushes euro to 9-month low against dollar"...
2
Mar
2010
HiFX News@ 12:00 AM
The International Monetary Fund (IMF) has stated its belief that the Chinese renminbi continues to be 'undervalued' on the global currency stage.
In a new report released by the international organisation at the latest meeting of G20 ministers in Seoul, it has been noted that the Chinese currency is particularly undervalued against the US dollar at the moment.
Continue reading "Chinese currency is 'undervalued', IMF tells G20 ministers "...
26
Feb
2010
HiFX News@ 12:00 AM
Sterling's worth on the foreign exchange markets could have provided a buffer for the UK's debts.
This is according to Robert Stheeman, the head of the UK's Debt Management Office.
Mr Stheeman said that countries such as Greece, Ital and Spain were facing particular difficulties in solving their budget deficits because they were part of the euro zone.
Continue reading "Sterling exchange provided 'buffer' for fiscal debts, says Stheeman"...
25
Feb
2010
HiFX News@ 12:00 AM
Sterling has shown a particularly weak performance on the foreign exchange markets recently.
The British currency reached a nine-month low against the dollar, falling to just $1.52 to the pound.
Continue reading "Sterling hits nine-month low"...
24
Feb
2010
HiFX News@ 12:00 AM
Currency exchange traders who are worried about the security of the sterling can be assured by the governor of the Bank of England's recent comments.
Governor Mervyn King has said that there is no danger of a downgrade on the UK currency's AAA status.
Continue reading "King issues reassurance of sterling's security"...
24
Feb
2010
HiFX News@ 12:00 AM
Morale in major European economies is running low and having a poor effect on the currency exchange value of the euro.
Several lots of data have come out of the euro zone this week, none of which bode well for the future of the single-currency zone.
Continue reading "Morale is keeping euro low, suggest analysts"...
22
Feb
2010
HiFX News@ 12:00 AM
Sterling has remained low in the currency exchange markets as concerns surrounding the strength of the UK economy worry traders.
The latest round of negative economic reports concerning the UK, have included the news from the Office for National Statistics detailing a fall in retail spending.
Continue reading "Poor economic data keeps sterling currency exchange low"...
15
Feb
2010
HiFX News@ 12:00 AM
Britons are paying unnecessary amounts of foreign exchange fees by using their credit cards.
A new survey from European bank Santander has found that Britons are paying 2.75 per cent on every transaction by using their cards for overseas purchases.
Continue reading "Expats could benefit from 'fee-free' card"...
11
Feb
2010
HiFX News@ 12:00 AM
Burlesque star Dita von Teese, has noted the benefits of a strong dollar when performing in the UK.
As the dollar creeps up towards £0.65, the celebrity performer told the Telegraph that she feels entitled to spend a little more while in the UK.
Continue reading "Star benefits from currency exchange rates"...
11
Feb
2010
HiFX News@ 12:00 AM
Burlesque star Dita von Teese, has noted the benefits of a strong dollar when performing in the UK.
As the dollar creeps up towards £0.65, the celebrity performer told the Telegraph that she feels entitled to spend a little more while in the UK.
Continue reading "Star benefits from currency exchange rates"...
8
Feb
2010
HiFX News@ 12:00 AM
Sterling has fallen to its lowest trading rate against the dollar since May 2009.
Analysts suspect that investors have been prompted to reduce their exposure to risky assets close to the euro zone following the continued worry over Greece's currency rating.
Continue reading "Sterling hits low against dollar"...
1
Feb
2010
HiFX News@ 12:00 AM
The strength of the pound against the euro will have a noticeable affect on international property, according to a new report.
A study from the National Association of Estate Agents International (NAEA) has predicted that the worldwide housing market will be "hugely dependent on the strength of sterling".
The forecast suggested that international purchases between the UK and Europe will remain fairly stable until the balance of supply and demand stabilises and the pound strengthens against the euro.
Linda Travella, spokeswoman for Italy at NAEA International said: "Even though the UK appears to have fallen behind other economies in the race out of recession and economic recovery, sterling has held pretty firm against the single European currency."
She added: "For the first quarter of 2010 the number of international buyers is expected to remain low and therefore offers are more likely to be accepted making it a very good time to purchase an overseas property."
At 14:00GMT today (February 1st) one pound sterling bought 1.145 euros.
Click here to make an International Money transfer (www.hifx.co.uk/online)
Posted by Eleanor Ward
Continue reading "International property "hugely dependent" on sterling"...
29
Jan
2010
HiFX News@ 12:00 AM
Foreign currency exchange inequalities have been flagged up by the French president.
Speaking at the World Economic Forum in Davos, Nicolas Sarkozy blamed the world's "currency regime" for its role in the recent global economic crisis.
Continue reading "Foreign currency exchange inequalities 'partly to blame for global recession'"...
28
Jan
2010
HiFX News@ 12:00 AM
Foreign currency exchange rates mean that Britons who need to access their money abroad could be paying more than necessary, a new survey has suggested.
Research from international bank Santander demonstrates that Britons abroad tend to use cash rather than cheaper alternative methods.
Continue reading "Foreign currency access 'problem for Brits abroad' "...
28
Jan
2010
HiFX News@ 12:00 AM
Foreign currency exchange rates mean that Britons who need to access their money abroad could be paying more than necessary, a new survey has suggested.
Research from international bank Santander demonstrates that Britons abroad tend to use cash rather than cheaper alternative methods.
Continue reading "Foreign currency access 'problem for Brits abroad' "...
27
Jan
2010
HiFX News@ 12:00 AM
A Conservative win in the forthcoming general election could lead to "further gains" in sterling.
David Page, an economist at Investec Securities, has predicted that a "Tory majority at the next election
could push sterling towards the 84 pence mark [against the euro]".
Continue reading "Conservative win could 'further sterling's gains' "...
22
Jan
2010
HiFX News@ 12:00 AM
Securities.
Sterling's recent period of buoyancy doesn't look set to last if comments from economist David Page are to be believed.
Mr Page said: "Sterling has got an uncertain future over the next few months because of the uncertainty of the election. We wouldn't be too surprised to see sterling at least at these levels, or possibly weaker still."
Continue reading ""Uncertain future" for sterling"...
22
Jan
2010
HiFX News@ 12:00 AM
Securities.
Sterling's recent period of buoyancy doesn't look set to last if comments from economist David Page are to be believed.
Mr Page said: "Sterling has got an uncertain future over the next few months because of the uncertainty of the election. We wouldn't be too surprised to see sterling at least at these levels, or possibly weaker still."
Continue reading ""Uncertain future" for sterling"...
21
Jan
2010
HiFX News@ 12:00 AM
The majority of people are planning to embark on a round-the-world trip at some point in their lives, which means they will have to be clued up on foreign currency exchange rates.
Some 61 per cent of respondents to an intotheblue.co.uk survey said they are intending to travel around the world, with destinations in Australia and South America proving the most popular.
Continue reading "Knowledge of foreign exchange needed for round-the-world trips"...
18
Jan
2010
HiFX News@ 12:00 AM
The euro's presence in currency exchange markets is still suffering from Greece's weak fiscal policy.
Greece's troubled economy is continuing to pull down the single European currency, which dropped to a value of less than 87 pence for one euro at 10:00GMT today (January 18th).
Continue reading "Euro currency exchange still weak"...
11
Jan
2010
HiFX News@ 12:00 AM
The foreign exchange rate for sterling has risen against the dollar today after poor jobs data was released in the US last week.
Monday (January 11th) saw sterling rise steadily against the dollar, reaching a high of 1.615 dollars to the pound at around 10:00GMT.
Continue reading "Jobs data results in poor dollar exchange rate"...
8
Jan
2010
HiFX News@ 12:00 AM
A high foreign exchange rate is expected for the US dollar in the following year according to an economist's predictions.
Reports from Stuart Thomson, an economist at Ignis Asset Management, suggested that the first half of 2010 will see strong growth for America, pushing the dollar up against the Australian dollar, the euro and the yen.
Continue reading "2010 foreign exchange rates 'good' for dollar"...
7
Jan
2010
HiFX News@ 12:00 AM
Foreign exchange imbalances need to be addressed by international co-operation, according to French finance minister Christine Lagarde.
Ms Lagarde told a conference in Paris that the worldwide economic crisis was caused in part by a lack of international financial support, the Dow Jones Newswire reported.
Continue reading "Foreign exchange imbalance requires cooperation"...
5
Jan
2010
HiFX News@ 12:00 AM
Sterling exchange rates fell against both the dollar and the euro on Tuesday (January 5th).
As momentum builds for the UK general election, worries have increased among investors as to how the country will handle its fiscal deficit.
The possibility of a hung parliament is proving particularly troublesome as analysts believe such a result would prevent strong economic action.
Continue reading "Low sterling exchange amid election worries"...
4
Jan
2010
HiFX News@ 12:00 AM
A strong government is needed to add force to sterling's exchange rate and the UK's economy, according to a leading economist.
Increased government spending has in the past related to favourable exchange rates, explained industry expert Ben Broadbent in the Times.
Continue reading "'Strong government' needed to boost exchange rates"...
31
Dec
2009
HiFX News@ 12:00 AM
The US dollar index fell 0.4 per cent to 77.581 today (December 31st).
Reports in the Financial Times (FT), attribute the "broad" decline to "extremely light" trade as Tokyo and many European countries take holiday ahead of the New Year celebrations.
Continue reading "New Year holiday sees dollar slump"...
29
Dec
2009
HiFX News@ 12:00 AM
Favourable exchange rates will help travellers make decisions about which countries to visit on holiday, it has been claimed.
Bob Atkinson of price comparison website travelsupermarket.com said that accommodation and other costs are related to exchange rates.
Continue reading "Exchange rates to boost tourism"...
24
Dec
2009
HiFX News@ 12:00 AM
Sterling exchange rates looked strong against the dollar as the pound bought at $1.602 at 11:00 GMT.
After rates neared a two-month low earlier this week, traders saw sterling make a small rise against the dollar, although the currency did make further losses against the euro.
Continue reading "Sterling exchange rate rise"...
23
Dec
2009
HiFX News@ 12:00 AM
The low sterling exchange rate has been praised for contributing to the economic growth of Britain.
Low exchange rates have been held partly responsible for the higher than expected contraction in the UK economy following the release of the third quarter economic figures from the Office for National Statistics (ONS) yesterday.
Continue reading "Economic growth attributed to low exchange rate"...
23
Dec
2009
HiFX News@ 12:00 AM
The low sterling exchange rate has been praised for contributing to the economic growth of Britain.
Low exchange rates have been held partly responsible for the higher than expected contraction in the UK economy following the release of the third quarter economic figures from the Office for National Statistics (ONS) yesterday.
Continue reading "Economic growth attributed to low exchange rate"...
23
Dec
2009
HiFX News@ 12:00 AM
Morocco will consider adopting a more flexible currency exchange system, according the country's central bank governor.
Abdellatif Jouahri told a reporter from Reuters that the country will need to look at a different system as its trade with foreign markets increases.
Continue reading "Morocco to adopt flexible currency exchange"...
23
Dec
2009
HiFX News@ 12:00 AM
Morocco will consider adopting a more flexible currency exchange system, according the country's central bank governor.
Abdellatif Jouahri told a reporter from Reuters that the country will need to look at a different system as its trade with foreign markets increases.
Continue reading "Morocco to adopt flexible currency exchange"...
23
Dec
2009
HiFX News@ 12:00 AM
Sterling exchange rates are close to a two-month low in trading with the dollar after the Bank of England's minutes were published in a report today (23rd December).
The minutes are non-committal on activity growth, leading to suggestions from economists that the option remains to extend quantitative easing in early 2010.
Continue reading "Sterling exchange rate weak against dollar"...
21
Dec
2009
HiFX News@ 12:00 AM
Sterling has held a stable exchange rate trading at $1.615 at 8:00 this morning (December 21st).
The steady rate comes as a relief to compared to last week's two-month low of $1.6053.
However, economists expect to see changes in the figures later this week as the Bank of England's Monetary Policy Committee (MPC) meets on Wednesday to discuss the nation's finances.
Continue reading "Sterling exchange steady against dollar"...
18
Dec
2009
HiFX News@ 12:00 AM
Currency exchange rates have become the basis of industrial action for Eurostar train drivers over today (Friday 18th December) and tomorrow.
Problems arose when train drivers' union Aslef claimed that drivers from the UK were losing money when their work took them to Paris or Brussels.
Continue reading "Exchange rate dispute results in strike"...
11
Dec
2009
HiFX News@ 12:00 AM
The pound rose by 0.2 per cent against the dollar this morning to $1.6311, Reuters reported, following the release of report from Moody's credit ratings agency.
The relatively positive report on the UK's financial position appears to have calmed investor fears on sterling, contributing to the pound's rise.
The report calmed worries over Britain's financial climate, as it indicated that there was no immediate risk of the firm downgrading of Britain's sovereign debt from its present gold-plated AAA rating.
Geraldine Concagh, an economist at AIB Group Treasury, explained to Reuters news agency: "Sterling has been given a bit of a lift from Moody's saying there is no immediate threat to the UK rating, but it has stayed within ranges against the dollar and the euro."
Investors were concerned about the strength of the pound following chancellor Alistair Darling's pre-Budget report earlier this week.
This assurance from Moody's will go some way to stem worries that the chancellor's report did not lay out adequate plans to improve the ever-increasing deficit in the UK's finances.
Click here to make an International Money transfer (www.hifx.co.uk/online)
Posted by Marie Chaplin
Continue reading "Sterling on the rise again"...
9
Dec
2009
HiFX News@ 12:00 AM
The chancellor's announcement that UK GDP will fall by 4.75 per cent this year has had an impact on foreign exchanges.
Alistair Darling said in his Pre-Budget Report (PBR), delivered in parliament today, that the public deficit will increase by £178 billion this year, up from the initial estimate of £175 billion.
Continue reading "International payments face PBR effects"...
9
Dec
2009
HiFX News@ 12:00 AM
The chancellor's announcement that UK GDP will fall by 4.75 per cent this year has had an impact on foreign exchanges.
Alistair Darling said in his Pre-Budget Report (PBR), delivered in parliament today, that the public deficit will increase by £178 billion this year, up from the initial estimate of £175 billion.
Continue reading "International payments face PBR effects"...
9
Dec
2009
HiFX News@ 12:00 AM
The chancellor's announcement that UK GDP will fall by 4.75 per cent this year has had an impact on foreign exchanges.
Alistair Darling said in his Pre-Budget Report (PBR), delivered in parliament today, that the public deficit will increase by £178 billion this year, up from the initial estimate of £175 billion.
Continue reading "International payments face PBR effects"...
7
Dec
2009
HiFX News@ 12:00 AM
The US dollar has continued its rise against the pound today (December 7th), following last week's positive jobs data.
On Friday, official figures showed that the unemployment rate in the world's largest economy has dropped from 10.2 to ten per cent.
Continue reading "Dollar strength affects international payments"...
2
Dec
2009
HiFX News@ 12:00 AM
The pound has held on to the sharp gains made against other currencies yesterday (December 1st), in good news for Britons hoping to make international money transfers.
Sterling had risen by a further 0.5 per cent against the dollar to $1.668 by mid-afternoon, building on yesterday's high of $1.665.
Continue reading "Sterling buoyed on foreign exchanges"...
26
Nov
2009
HiFX News@ 12:00 AM
The recent weakening of the US dollar has continued, in a trend which could benefit UK residents making international money transfers.
Yesterday (November 25th), the greenback slid to a year-long low against the euro and dropped by 0.7 per cent against the pound.
Continue reading "International payments to US boosted by dollar slide"...
25
Nov
2009
HiFX News@ 12:00 AM
The pound has risen against the dollar, following the upwards revision of third quarter GDP figures.
Sterling was 0.7 per cent up against the greenback at $1.6705 by mid-afternoon, as investors responded to news that the economy had contracted by 0.3 per cent, rather than the initial estimate of 0.4 per cent.
Continue reading "Pound, money transfers boosted by ONS news"...
25
Nov
2009
HiFX News@ 12:00 AM
Foreign investors are making the island of Maio in Cape Verde a popular location for property, an agent has claimed.
Noscasa said that foreign funds, some of which could have been made through international money transfers, were "flooding in" to the region.
Continue reading "Cape Verde property investments tipped by agent"...
23
Nov
2009
HiFX News@ 12:00 AM
The pound strengthened on foreign currency exchanges today, with the dollar opening notably lower.
Sterling was 0.7 per cent up against the dollar at $1.66.2 by mid-afternoon, following comments from James Bullard, a future member of the Federal Reserve.
Continue reading "Pound rises on currency exchanges"...
18
Nov
2009
HiFX News@ 12:00 AM
Minutes of the November Monetary Policy Committee (MPC) meeting at the Bank of England have been released, showing that opinion among policymakers remains split over quantitative easing.
The pound weakened against the euro on the release of the news today (November 18th), falling from 1.126 to just over 1.122.
Continue reading "Quantitative easing news buffets foreign exchanges"...
12
Nov
2009
HiFX News@ 12:00 AM
Tenerife is a popular winter location for Brits, with many likely to need the services of foreign exchange companies to stay in the location.
A study by the Canary Islands Tourist Board recently revealed the destination attracts more UK citizens than Lanzarote and Gran Canaria.
Continue reading "Study indicates Tenerife sees more Brits making foreign exchange transactions"...
9
Nov
2009
HiFX News@ 12:00 AM
The majority of former UK citizens intend to remain overseas in their chosen countries, despite the financial impact of the recession and foreign exchange trading rates.
A survey by HSBC shows 19 per cent of expats reported a rise in living costs, but 85 per cent of expats intend to weather the effects of the economic slowdown abroad.
Continue reading "Brits remain abroad despite foreign exchange rates"...
6
Nov
2009
HiFX News@ 12:00 AM
Favourable foreign exchange rates mean that India is an affordable destination for many visitors, industry experts suggest.
Travel guide the Lonely Planet recently stated the country's currency has strengthened due to its economic boom, but visitors may still find it is a cheap destination.
Continue reading "Foreign exchange trading figures make India "good value""...
5
Nov
2009
HiFX News@ 12:00 AM
La Tania has seen a steady flow of Brits visiting the region, according to industry experts.
The Office de Tourisme de La Tania recently made the claim following the release of figures from the Ski Club of Great Britain that reveal France is consistently popular with UK skiers.
Continue reading "Expert indicates France foreign exchange transactions buoyed by Brits"...
3
Nov
2009
HiFX News@ 12:00 AM
Las Vegas has been highlighted as a great destination for those who want to make the most of foreign exchange trading figures.
The Las Vegas Convention and Visitors Authority (LVCVA) recently made the claim after a survey by Smith Travel Research showed the city has an occupancy rate of 82.7 per cent.
Continue reading "Las Vegas foreign exchange transactions could rise "...
2
Nov
2009
HiFX News@ 12:00 AM
An increasing number of Brits will exchange money in order to travel to Turkey, according to a leading organisation.
The Turkish Culture and Tourism Office recently stated Istanbul's Capital of Culture designation is likely to attract more overseas visitors to the city.
Continue reading "Turkey may see foreign exchange boost"...
29
Oct
2009
HiFX News@ 12:00 AM
Thailand's favourable foreign exchange trading rates are likely to draw budgeting Brits to the country, industry experts suggest.
Online travel company Expedia recently indicated that Asia is an ideal location for those seeking affordable living costs.
Continue reading "Brit's foreign exchange to go further in Bangkok"...
27
Oct
2009
HiFX News@ 12:00 AM
Western Australia may prove a lucrative destination for Brits who wish to move abroad, it has emerged.
Peter Kenyon, professor of economic policy at Curtin University, Perth, recently suggested the region is beginning to recover from the economic crisis.
Continue reading "Australia jobs boost could lead to more currency conversions"...
26
Oct
2009
HiFX News@ 12:00 AM
Brits keen on making the most of foreign exchange trading figures may like to visit Egypt.
The Egyptian State Tourist Office recently stated that the country is a popular destination for families who are looking to travel beyond the eurozone.
Continue reading "Egypt's currency rates draw Brits"...
23
Oct
2009
HiFX News@ 12:00 AM
Foreign exchange trading figures ought to be considered well before Brits jet off to overseas locations, industry experts suggest.
STA Travel recently highlighted the need to investigate the living costs of destinations when budgeting for international trips.
Continue reading "'Budgeting Brits to consider currency rates'"...
23
Oct
2009
HiFX News@ 12:00 AM
Foreign exchange trading figures ought to be considered well before Brits jet off to overseas locations, industry experts suggest.
STA Travel recently highlighted the need to investigate the living costs of destinations when budgeting for international trips.
Continue reading "'Budgeting Brits to consider currency rates'"...
22
Oct
2009
HiFX News@ 12:00 AM
Foreign exchange trading figures are behind a recent increase in the number of Brits who are considering buying assets in the US, according to industry experts.
A poll by property portal Primelocation.co.uk recently revealed that searches for real estate in the country have increased by 262.8 per cent in the last year.
Continue reading "Foreign exchange trading figures lead to "comparatively cheap" properties"...
19
Oct
2009
HiFX News@ 12:00 AM
Mexico is likely to prove an affordable destination for expats, according to foreign exchange trading figures.
Figures released from International Currency Exchange recently revealed that sterling has grown in strength against the peso, with £1 worth 21.76 pesos.
Continue reading "Foreign exchange trading figures reveal currency "stability""...
19
Oct
2009
HiFX News@ 12:00 AM
Mexico is likely to prove an affordable destination for expats, according to foreign exchange trading figures.
Figures released from International Currency Exchange recently revealed that sterling has grown in strength against the peso, with £1 worth 21.76 pesos.
Continue reading "Foreign exchange trading figures reveal currency "stability""...
16
Oct
2009
HiFX News@ 12:00 AM
Greece's affordable living costs make the country a cheap destination for Brits despite foreign exchange rates, according to a government body.
The Greek National Tourism Organisation (GNTO) recently claimed that UK visitors are unlikely to be put off staying in the country due to the strong euro.
Continue reading "Low-cost living offsets foreign exchange rates"...
16
Oct
2009
HiFX News@ 12:00 AM
Expats keen to make the most of foreign exchange trading figures may like to transfer money via specialist companies, according to industry experts.
Financial advisor Shelter Offshore recently highlighted the advantages of buying currency from foreign exchange brokers.
Continue reading "'Brokers preferred for foreign currency exchange'"...
15
Oct
2009
HiFX News@ 12:00 AM
Potential expats may soon be converting currency in order to live in France, new research suggests.
Real estate firm Property Frontiers recently claimed that the country has much to offer Brits who wish to move abroad.
Continue reading "France foreign exchange transactions may increase "...
13
Oct
2009
HiFX News@ 12:00 AM
Entrepreneurs looking to benefit from foreign exchange trading figures and lower taxes may like to move to Switzerland, industry experts suggest.
Consumer advisor BuyAssociation.co.uk recently drew attention to the country as a lucrative destination for Brits keen to make their wages stretch further amid the recession.
Continue reading "'Business workers look to currency conversion rates'"...
9
Oct
2009
HiFX News@ 12:00 AM
Expats have been urged to consult foreign exchange trading experts if they are transferring money abroad.
Financial advisor Shelter Offshore recently issued the warning to Brits who plan to convert sterling to increasingly stronger currencies, such as the euro.
Continue reading "Foreign exchange trading specialists urged for transactions"...
8
Oct
2009
HiFX News@ 12:00 AM
Online searches for flights to mid-haul destinations are increasing due partly to foreign exchange trading figures, industry experts suggest.
Recent research by comparison portal Cheapflights.co.uk shows that Brits are increasingly likely to consider visiting destinations such as Egypt and Morocco.
Continue reading "Foreign exchange trading figures boost flight searches"...
7
Oct
2009
HiFX News@ 12:00 AM
Brits keen to live abroad are ignoring currency rates offered by exotic locations in favour of more traditional expat locations, a leading property publication indicates.
A Place in the Sun Magazine recently claimed that potential expats are being drawn to short-haul destinations that can be easily reached from the UK.
Continue reading "'Traditional locations outweigh the draw of foreign exchange rates'"...
7
Oct
2009
HiFX News@ 12:00 AM
Brits keen to live abroad are ignoring currency rates offered by exotic locations in favour of more traditional expat locations, a leading property publication indicates.
A Place in the Sun Magazine recently claimed that potential expats are being drawn to short-haul destinations that can be easily reached from the UK.
Continue reading "'Traditional locations outweigh the draw of foreign exchange rates'"...
6
Oct
2009
HiFX News@ 12:00 AM
Fixed currency exchange rates have helped stabilise Cape Verde's economy, according to industry experts.
Following a recent review of the country's fiscal policies, the International Monetary Fund (IMF) released a statement detailing why the island nation is beginning to recover from the recession.
Continue reading "'Cape Verde benefits from pegged exchange rates'"...
5
Oct
2009
HiFX News@ 12:00 AM
Favourable currency rates in long-haul destinations are likely to attract more UK visitors, according to industry experts.
Travel company Expedia.co.uk recently made the claim following the release of figures by the Post Office.
A survey by the Royal Mail Group showed that Thailand is one of the cheapest locations for Brits, while Australia was the most expensive country included in the poll.
Continue reading "Far East currency rates 'desirable' to Brits"...
5
Oct
2009
HiFX News@ 12:00 AM
Favourable currency rates in long-haul destinations are likely to attract more UK visitors, according to industry experts.
Travel company Expedia.co.uk recently made the claim following the release of figures by the Post Office.
A survey by the Royal Mail Group showed that Thailand is one of the cheapest locations for Brits, while Australia was the most expensive country included in the poll.
Continue reading "Far East currency rates 'desirable' to Brits"...
2
Oct
2009
HiFX News@ 12:00 AM
Potential expats looking to capitalise on foreign exchange trading figures by living overseas have been urged to fully prepare themselves for their move abroad.
Writing in the Independent, finance expert Laura Latham recently drew attention to the number of Brits who are considering starting new lives in international locations.
Continue reading "'Foreign exchange trading figures attract Brits overseas'"...
30
Sep
2009
HiFX News@ 12:00 AM
British investors may like to take advantage of foreign exchange trading conditions by purchasing assets in countries outside of the eurozone.
Victoria Elliston from London recently told the Telegraph how a traditional property in Marrakech is providing an income for her family.
Continue reading "'Investors benefit from foreign exchange market'"...
29
Sep
2009
HiFX News@ 12:00 AM
Investors may benefit more from foreign exchange trading figures if they use online companies to convert their cash, according to industry experts.
Writing in the Telegraph, finance commentator Nick Collins recently highlighted the advantages of making money transfers over the internet rather than in high street banks.
Continue reading "'Online companies analyse foreign exchange trading figures'"...
28
Sep
2009
HiFX News@ 12:00 AM
Brits have been advised to research the value of foreign currency well ahead of going abroad.
Money exchange expert Stephen Heath recently voiced his concerns that some UK travellers are confused in regard to the value of the pound in exotic destinations.
Continue reading "Foreign exchange research advised"...
22
Sep
2009
HiFX News@ 12:00 AM
The value of the dollar dropped in foreign exchange trading today, reaching year lows against the euro.
As investors opt to move away from the safety of the greenback to higher yielding assets, the value of the dollar suffers.
Continue reading "Dollar slides in foreign exchange trading"...
14
Sep
2009
HiFX News@ 12:00 AM
A drop in the value of sterling against a range of key currencies over the course of last month gives a clear indication that the country's economy is not yet in the clear.
New figures from international money transfer specialists HiFX indicates that while rallies in the value of sterling were supported throughout June and July, the currency has not performed so well since.
Continue reading "UK economy 'not yet in the clear'"...
11
Sep
2009
HiFX News@ 12:00 AM
Overseas visitors could soon be exchanging money in greater numbers in Florida, according to a travel expert.
The Orlando Tourism Bureau recently stepped forward to highlight the state as an attractive destination for Britons, who may need to buy foreign currency to visit the region.
Continue reading "'Recession pushes Brits to Florida'"...
10
Sep
2009
HiFX News@ 12:00 AM
Many older Brits may be seeking foreign exchanges services in order to go abroad, according to industry experts.
A study by the Halifax recently revealed that nearly half of all 55 to 64-year olds in the UK state they would like to live overseas at some point.
Continue reading "Living abroad improves "soft skill set""...
8
Sep
2009
HiFX News@ 12:00 AM
A favourable exchange rate and recovering US economy may benefit expats, according to industry experts.
Property portal HomesOverseas.co.uk made the claims following the release of figures from the National Association of Realtors.
Research shows that the number of people attempting to purchase new homes recently in the US increased to its highest level in two years.
Continue reading "Currency rates impact on potential investments"...
1
Sep
2009
HiFX News@ 12:00 AM
Brits who are considering buying property abroad have been advised to consult with foreign exchange specialists before they make any purchases.
The Association of International Property Professionals (AIPP) recently stepped forward to highlight the risks associated with acquiring overseas assets.
Continue reading ""Foreign exchange specialist" advised for overseas investors"...
28
Aug
2009
HiFX News@ 12:00 AM
Brazil is emerging as an increasingly popular destination for Britons, new figures indicate.
Research by the Brazilian Tourist Board recently revealed that the number of visitors to the area has risen by 2.3 per cent compared with last year.
Continue reading "Brazil sees visitor numbers rise"...
28
Aug
2009
HiFX News@ 12:00 AM
The accessibility of France makes it an affordable destination for Britons who may be intending to make foreign exchange transactions, according to industry experts.
Tourism specialist Atout France recently stated that the country can be reached easily from the UK, which appeals to visitors on tight budgets.
Continue reading "France is "wallet-friendly""...
26
Aug
2009
HiFX News@ 12:00 AM
Britons planning to use foreign exchange services to purchase overseas investments may like to look to Brazil.
Investment specialist Martin Spring recently told publication On Target that the country's emerging market may prove lucrative for investors.
Continue reading "'Brazil displays economic resilience'"...
24
Aug
2009
HiFX News@ 12:00 AM
Fluctuating foreign exchange rates may be confusing Brits purchasing goods abroad.
Consumer magazine Which? recently raised its concerns that UK travellers may be unaware of the impact that the global economy could have on sterling.
Dan Moore, senior researcher at the publication, explained that currency rates have been affected by countries that are emerging from the recession.
Continue reading "'Exchange rates may confuse Brits'"...
21
Aug
2009
HiFX News@ 12:00 AM
Foreign exchange transactions made by Brits may increase in mid-haul destinations, industry experts suggest.
Booking agent the Co-operative Travel recently stated that UK travellers are choosing to visit countries located outside the eurozone in a bid to save money.
Continue reading "Mid-haul locations may see foreign exchange increases"...
21
Aug
2009
HiFX News@ 12:00 AM
Foreign exchange transactions made by Brits may increase in mid-haul destinations, industry experts suggest.
Booking agent the Co-operative Travel recently stated that UK travellers are choosing to visit countries located outside the eurozone in a bid to save money.
Continue reading "Mid-haul locations may see foreign exchange increases"...
20
Aug
2009
HiFX News@ 12:00 AM
Britons who have lost their jobs due to the recession have been encouraged to consider working abroad.
Travel portal gapyear.com recently highlighted the positive impact living overseas may have on CVs.
Tom Griffiths, founder of the site, stated his belief that Brits who are facing redundancy can improve their job prospects by seeking international work, which may interest those who are keen to exchange money to fund trips abroad.
Continue reading "Working overseas can 'improve' lives"...
18
Aug
2009
HiFX News@ 12:00 AM
The role of British embassies has been clarified by the Foreign Office following a recent study.
Brits who may use foreign exchange services to finance their visits to international destinations are being encouraged to approach consulates only when necessary.
Continue reading "British embassy role clarified"...
18
Aug
2009
HiFX News@ 12:00 AM
The role of British embassies has been clarified by the Foreign Office following a recent study.
Brits who may use foreign exchange services to finance their visits to international destinations are being encouraged to approach consulates only when necessary.
Continue reading "British embassy role clarified"...
11
Aug
2009
HiFX News@ 12:00 AM
Foreign exchange rates are pushing Brits to stay beyond the eurozone, industry experts report.
The United Nations World Tourism Organisation (UNWTO) recently stated that UK visitors are increasingly drawn to more affordable destinations.
Continue reading "Foreign exchange transactions may increase beyond eurozone"...
3
Aug
2009
HiFX News@ 12:00 AM
Britons may boost their job prospects by exchanging money and working abroad, according to industry experts.
Travel portal Gapyear.com recently highlighted the positive impact that working abroad may have on CVs.
The company suggested that as the credit squeeze continues and redundancies increase, Britons should consider using foreign exchange services and look for international job roles.
Continue reading "Working abroad is "positive" career move"...
28
Jul
2009
HiFX News@ 12:00 AM
Despite seeing an increase in disposable income, Brits intend to cope with the economic slowdown by making fewer foreign exchange transactions to purchase luxury items, according to industry experts.
Recent research by HSBC reveals that expats living in the area are set to spend less as the global recession continues.
Continue reading "Disposable incomes rise in Singapore"...
24
Jul
2009
HiFX News@ 12:00 AM
The US is proving a popular destination for Brits making foreign exchange transactions, it has emerged.
Overseas resource thetravelmagazine.net recently revealed that the country is continuing to draw UK visitors and potential expats, despite the weakening of the pound during the last 12 months.
Continue reading "'US popular for foreign exchange transactions'"...
24
Jul
2009
HiFX News@ 12:00 AM
The US is proving a popular destination for Brits making foreign exchange transactions, it has emerged.
Overseas resource thetravelmagazine.net recently revealed that the country is continuing to draw UK visitors and potential expats, despite the weakening of the pound during the last 12 months.
Continue reading "'US popular for foreign exchange transactions'"...
21
Jul
2009
HiFX News@ 12:00 AM
Britons are increasingly likely to make foreign exchange transactions in Europe, it has emerged.
Comparison website travelsupermarket.com recently revealed that favourable exchange rates are encouraging more people to stay in the eurozone.
Continue reading "Brits benefitting from exchange rates "...
21
Jul
2009
HiFX News@ 12:00 AM
Britons are increasingly likely to make foreign exchange transactions in Europe, it has emerged.
Comparison website travelsupermarket.com recently revealed that favourable exchange rates are encouraging more people to stay in the eurozone.
Continue reading "Brits benefitting from exchange rates "...
17
Jul
2009
HiFX News@ 12:00 AM
Making foreign exchange transactions has proved difficult for some Britons due to their bank's anti-fraud policies, it has emerged.
Payment association Apacs recently warned that strict rules to combat illegal credit card use may mean some consumers' purchases are incorrectly blocked when they attempt to buy goods while abroad.
Continue reading "'Banks more likely to block foreign exchange transactions'"...
17
Jul
2009
HiFX News@ 12:00 AM
Making foreign exchange transactions has proved difficult for some Britons due to their bank's anti-fraud policies, it has emerged.
Payment association Apacs recently warned that strict rules to combat illegal credit card use may mean some consumers' purchases are incorrectly blocked when they attempt to buy goods while abroad.
Continue reading "'Banks more likely to block foreign exchange transactions'"...
13
Jul
2009
HiFX News@ 12:00 AM
Using foreign currency services to exchange larger amounts of money may lead to cash savings, according to industry experts.
The Daily Mail's finance portal thisismoney.co.uk recently revealed that Britons may be able to get better foreign currency exchange deals if they buy in bulk.
Continue reading "'Buy foreign currency in bulk'"...
13
Jul
2009
HiFX News@ 12:00 AM
Using foreign currency services to exchange larger amounts of money may lead to cash savings, according to industry experts.
The Daily Mail's finance portal thisismoney.co.uk recently revealed that Britons may be able to get better foreign currency exchange deals if they buy in bulk.
Continue reading "'Buy foreign currency in bulk'"...
9
Jul
2009
HiFX News@ 12:00 AM
Britons who have relocated to some cities located in the United Arab Emirates earn significantly more than they spend, according to research.
A study by the department of economic development of Abu Dhabi recently revealed that due to favourable foreign exchange rates and high wages, expats are living well within their means.
The research showed that the average emigrant family brings in a monthly income of approximately 24,400AED (£4,091), the Khaleej Times reports.
Continue reading "'Brits in Abu Dhabi have disposable incomes'"...
9
Jul
2009
HiFX News@ 12:00 AM
Britons who have relocated to some cities located in the United Arab Emirates earn significantly more than they spend, according to research.
A study by the department of economic development of Abu Dhabi recently revealed that due to favourable foreign exchange rates and high wages, expats are living well within their means.
The research showed that the average emigrant family brings in a monthly income of approximately 24,400AED (£4,091), the Khaleej Times reports.
Continue reading "'Brits in Abu Dhabi have disposable incomes'"...
8
Jul
2009
HiFX News@ 12:00 AM
The number of Brits making foreign exchange transactions in New Zealand may continue at present levels, new reports indicate.
Recently the job security of UK emigrants who have settled in the country has been called into question following the release of government unemployment figures.
Continue reading "New Zealand calls for skilled migrants"...
8
Jul
2009
HiFX News@ 12:00 AM
The number of Brits making foreign exchange transactions in New Zealand may continue at present levels, new reports indicate.
Recently the job security of UK emigrants who have settled in the country has been called into question following the release of government unemployment figures.
Continue reading "New Zealand calls for skilled migrants"...
7
Jul
2009
HiFX News@ 12:00 AM
The credit crisis has had a significant impact on the cost of living in some major cities, according to industry experts.
Research by financial consultant Mercer has revealed that recent foreign exchange fluctuations are likely to have increased household bills for expats.
Continue reading "'Foreign currency fluctuations affect expats' lifestyles'"...
6
Jul
2009
HiFX News@ 12:00 AM
France is seeking to stabilise foreign currencies by improving coordination among the exchange market.
If implemented, new policies may have an impact on the finances of UK emigrants who regularly rely on foreign exchange transactions to fund their lives overseas.
Continue reading "France demands better foreign exchange coordination"...
1
Jul
2009
HiFX News@ 12:00 AM
The US dollar looks set to ride the current economic storm and retain its position as the world's reserve currency, following moves to calm speculation from China.
It had been suggested that the Chinese authorities were keen to make moves that would have seen the dollar lose its position as the world's reserve currency, after a tough year on the foreign exchange markets has seen its value fall.
Continue reading "Dollar resists Chinese threat to foreign exchange position"...
30
Jun
2009
HiFX News@ 12:00 AM
The People's Bank of China has called on the International Monetary Fund (IMF) to manage more of member countries' foreign exchange reserves in a bid to reduce the uncertainty of recent months.
In the wake of the global recession, caused by the banking crisis of October 2008, the foreign exchange market has been full of instability and as a result the Chinese financial authorities are eager to see the IMF take a more prominent role in future in an effort to give investors more confidence.
Continue reading "Foreign exchange changes urged"...
26
Jun
2009
HiFX News@ 12:00 AM
People concerned about the recent volatility in the foreign exchange market may be relieved to hear that experts are expecting to see the US dollar begin to stabilise after months of turbulence.
The global financial crisis which began back in October last year has led to significant volatility on foreign exchange markets as countries have struggled to cope with the problems and have entered into recession.
Continue reading "Dollar set to stabilise on recovery talk"...
24
Jun
2009
HiFX News@ 12:00 AM
People planning an international payment may not think so, but it has been claimed that falls in the value of the pound will help the UK economy in the long-term.
Spencer Dale, the Bank of England's chief economist, has argued that the decision to print more money to pump more liquidity into the market is having a positive impact on the economy and will continue to stimulate growth in lending and business development over the coming months.
Continue reading "Weaker pound 'will boost economy'"...
24
Jun
2009
HiFX News@ 12:00 AM
Foreign exchange transactions may increase in Turkey as UK emigrants relocate to the country, industry experts suggest.
Property resource Quest Magazine, recently highlighted figures compiled by the Turkish Statistical Institute that indicate expats are setting up their homes in the region in greater numbers.
Continue reading "Turkey may see rise in foreign exchange transactions"...
23
Jun
2009
HiFX News@ 12:00 AM
UK emigrants who adopt greener lifestyles could reduce the amount of foreign exchange transactions made in order to fund their living costs, according to a leading newspaper.
The Telegraph recently highlighted the efforts of a British couple living in Spain to weather the recession.
Continue reading "Green lifestyles to impact foreign exchange transactions"...
15
Jun
2009
HiFX News@ 12:00 AM
Brits using foreign exchange services to fund their lives abroad may be enjoying the benefits of a strengthening pound, it has emerged.
Last week figures showed that sterling increased by three per cent, meaning expats are more likely to find favourable exchange rates.
Continue reading "'Economic movements may favour sterling'"...
12
Jun
2009
HiFX News@ 12:00 AM
There is still no realistic alternative to the dollar as the world's foreign exchange reserve currency, it has been claimed.
Despite the volatility of the global currency market in recent months, suggestions that other currencies could replace the dollar as the world's foreign exchange reserve currency are wide of the mark, said Michael Woolfolk, a senior currency strategist at The Bank of New York-Mellon.
Continue reading "'No realistic alternative' to dollar as world's reserve"...
12
Jun
2009
HiFX News@ 12:00 AM
Brits are likely to continue making foreign exchanges transactions in Spain as they see the country as a "home from home", according to industry experts.
The Spanish Tourist Office recently revealed it plans to capitalise on the region's current popularity with UK visitors.
Continue reading "Spain to capitalise on foreign exchange transactions"...
11
Jun
2009
HiFX News@ 12:00 AM
The economic downturn has hit the international money transfer market, but the sector is in a good position to bounce back, it has been claimed.
According to the Mobile Money Transfer report 2009, carried out by Companies and Markets, international money transfers as a form of liquidity are expected to remain resilient over the rest of this year.
Continue reading "International money transfers 'remain robust'"...
8
Jun
2009
HiFX News@ 12:00 AM
Indian officials are optimistic that foreign exchange transactions are set to increase in the country, it has emerged.
Figures from the government recently revealed that the decline in visitor numbers due to the economic slowdown is easing.
Continue reading "India records rise in foreign exchange transactions"...
5
Jun
2009
HiFX News@ 12:00 AM
Foreign exchange transactions are set to increase in several international locations favoured by expats, according to industry experts.
A study commissioned by Propertyindex.com looked at the number of Brits buying investments in eight countries and concluded that bargains could still be picked up amid the economic downturn.
Continue reading "'Overseas foreign exchange transactions more likely'"...
3
Jun
2009
HiFX News@ 12:00 AM
The number of people using foreign exchange services to convert their euros to sterling has soared, according to industry experts.
Robin McEwen, finance commentator, recently revealed that sales of the euro have seen a dramatic increase since the pound strengthened last week.
Continue reading "Euro foreign exchange transactions soar"...
28
May
2009
HiFX News@ 12:00 AM
Britons are making more foreign exchange transactions in long-haul destinations, it has emerged.
Expedia recently revealed that far-flung destinations are increasingly popular with UK citizens thanks to favourable exchange rates.
Jonathan Cudworth, head of product marketing at the company, revealed that countries such as Malaysia and Thailand are proving popular with Britons.
Continue reading "Long-haul destinations see foreign exchange boost"...
26
May
2009
HiFX News@ 12:00 AM
Many UK citizens pay high charges when depending on their credit cards for foreign exchange transactions, a leading bank reports.
Figures from Abbey Credit Cards recently revealed that Britons overseas pay more than £74 million in fees associated with using their cards for international purchases.
Continue reading "Millions pay "unnecessary" foreign exchange fees"...
21
May
2009
HiFX News@ 12:00 AM
Brits moving abroad may miss out on cheap foreign exchange services because they do not have a firm understanding of currency rates, according to industry experts.
Stephen Heath, finance commentator, recently explained that as economies alter it can be difficult to work out which foreign exchange facilities offer affordable deals.
Continue reading "Brits should "plan" foreign exchange transactions"...
21
May
2009
HiFX News@ 12:00 AM
Brits moving abroad may miss out on cheap foreign exchange services because they do not have a firm understanding of currency rates, according to industry experts.
Stephen Heath, finance commentator, recently explained that as economies alter it can be difficult to work out which foreign exchange facilities offer affordable deals.
Continue reading "Brits should "plan" foreign exchange transactions"...
21
May
2009
HiFX News@ 12:00 AM
Some of the most affordable foreign exchange services can be found online, according to a leading consumer watchdog.
Which? Money study recently urged Britons looking to exchange their money to look to the internet for good deals.
Continue reading "Online foreign exchange services offer "best deals""...
21
May
2009
HiFX News@ 12:00 AM
Some of the most affordable foreign exchange services can be found online, according to a leading consumer watchdog.
Which? Money study recently urged Britons looking to exchange their money to look to the internet for good deals.
Continue reading "Online foreign exchange services offer "best deals""...
19
May
2009
HiFX News@ 12:00 AM
European countries are still proving to be favourite destinations for Brits using foreign exchange services, according to industry experts.
Midlands Co-op Travel recently revealed that UK families are continuing to spend their money in the eurozone despite the weak pound.
Continue reading "Europe "very popular" with families"...
18
May
2009
HiFX News@ 12:00 AM
Many British expats are not planning on cutting the number of foreign exchanges they make amid the global recession, according to new research.
The recent NatWest International Personal Banking (IPB) Quality of Life Report revealed that 44 per cent of UK citizens living abroad are not concerned enough by the economic slowdown to reduce their spending overseas.
Continue reading "Expat dream "alive and kicking""...
14
May
2009
HiFX News@ 12:00 AM
Bank charges could mean that expats using foreign exchange services are losing out on the benefits of the stronger pound, finance experts report.
Recent currency rates reveal that Brits are in a stronger position when making international payments in dollars and euros.
Continue reading "Brits may benefit from stronger pound"...
13
May
2009
HiFX News@ 12:00 AM
UK emigrants using foreign exchange services could find their money goes further if they opt to open accounts with offshore banks, according to finance experts.
International Advisor recently revealed how Britons living overseas could make savings by carefully choosing who they bank with.
Continue reading "'Expats may have tax advantage'"...
12
May
2009
HiFX News@ 12:00 AM
As the recession deepens Brits planning on moving abroad have been advised to consider foreign exchange fluctuations.
Peter Ellis, finance expert, recently pointed out that the economic slowdown had raised the costs of living in popular expat destinations.
Continue reading "'Brits should consider foreign exchange rates'"...
11
May
2009
HiFX News@ 12:00 AM
Cape Verde has seen an increase in the number of Britons using foreign exchange services.
Located off Africa's west coast, the republic is drawing emigrants thanks to its warm climate and falling house prices, according to Cape Verde Property.
Continue reading "Foreign exchange boost for Cape Verde"...
7
May
2009
HiFX News@ 12:00 AM
Foreign exchange services are increasingly used by Brits entering Croatia, according to industry experts.
The Post Office recently revealed that the Croatia Kuna has soared in sales this year and stated this reflects the growing number of UK citizens making foreign exchanges in the region.
Continue reading "Croatia currency "growing in popularity""...
6
May
2009
HiFX News@ 12:00 AM
Countries that are traditionally viewed as expensive locations for emigrants may still offer affordable exchange rates, industry experts report.
The Association of Independent Tour Operators (AITO) recently encouraged Britons to consider making foreign exchange transactions in Sweden and Iceland.
Continue reading "'Sweden offers favourable foreign exchange rate'"...
5
May
2009
HiFX News@ 12:00 AM
The majority of UK expats making foreign exchanges abroad feel they are getting a better deal than if they were in their home country, industry experts report.
Amid the recent global recession and the weakening pound, Britons recently stated that they are better off in their adopted lands.
Continue reading "Grass is "greener abroad""...
1
May
2009
HiFX News@ 12:00 AM
Destinations in the Middle East are remaining popular countries for Britons making foreign exchange transactions, according to industry experts.
Aviation analysts OAG recently revealed that the region is seeing a steady flow of business travellers despite the global credit crisis.
Continue reading "Middle East proving popular for foreign exchange"...
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"...
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"...
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"...
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"...
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"...
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'"...
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'"...
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'"...
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"...
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"...
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?"...
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"...
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"...
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"...
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"...
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'"...
31
Mar
2009
HiFX News@ 12:00 AM
The European Central Bank (ECB) has come under increasing pressure to cut interest rates across the eurozone this week.
The ECB has been urged to cut rates to a record low of one per cent following suggestions from Commerzbank's chief analyst that the German economy could contract by seven per cent this year alone.
Continue reading "ECB under pressure to cut interest rates"...
30
Mar
2009
HiFX News@ 12:00 AM
Turkey is becoming a popular destination for people making a currency exchange and emigrating, it has been claimed.
According to overseas listings site PropertyIndex.com, searches for property in Turkey increased by 286 per cent in the last year, as more people consider emigrating from the UK.
Continue reading "Turkey proving popular for emigration"...