Personal FX Articles Page 2

If you are contemplating purchasing a property abroad and are looking for the best currency transfer rate this is our top 5 tips on how to get the best exchange rates and make your money last longer!

1. As soon as you make your decision to purchase property, start getting daily or at the very least weakly exchange rate updates...

As any seasoned traveller or holidaymaker will no doubt have already noticed, the currency exchange rates very rarely stay static and can often fluctuate greatly during the day. Many people make money from these daily fluctuations which is most commonly described as Forex trading which involves the buying and selling of different...

One of the key factors that effects the foreign exchange rates is the supply and demand for each particular currency. As the exchange rate increases, the demand for the currencies decreases. Similarly, if the supply of a country's currency increases, the value of that currency will decrease in relation to other currencies and more...

When it comes to the end of the accounting period and it is time to draw up the company accounts, companies which account in Great British Pound, you need to convert payments received and sent as well as receipts in foreign currencies, and the value of any foreign currency denominated assets and liabilities, all into Great British...

Fluctuations in the exchange rates will also have a direct impact on the value of any foreign currency denominated assets or liabilities held by a company or organisation.

Asset Ownership

For example, let's say a company or corporation has recently acquired a United States based asset which would obviously be...

If the Great British Pound gets weaker against a foreign currency, a company's assets in that particular currency (for example foreign currency bank deposits or investments) become increasingly valuable in terms of their GBP value. However, the liabilities become more onerous in that any loans or borrowings they have taken out in...