Personal FX Articles Page 2

Well over five million british residents have decided to move abroad during the past 10 years and unfortunately, recent problems in the strength of the GBP has affected those who rely on their UK pension. Despite this though, many UK residents continue to move abroad in search of a better life with the likes of Spain, Portugal and...

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...

The link between exchange rates and inflation can be quite complicated as its effect can be both positive and negative. They are also similar in that both Inflation and exchange rates determine if a nation is likely to be economically stable or not.

Inflation and its effects on exchange rates can also be ascertained from the...

Over the last few years we have seen an incredible rise in the amount of people moving abroad in order to make the most of their better educational set-ups, better job opportunities and even their better economy in general. The majority of them have moved alone leaving their friends and family in their original country so this...

A floating exchange rate or fluctuating exchange rate as it is sometimes known is a kind of exchange rate regime that involves a currency value being allowed to fluctuate according to the foreign exchange market. Any currency that uses a floating exchange rate is known, predictably, as a foreign currency. It is essentially impossible...

There are two different types of exchange rate systems, free and pegged. A pegged system which is also commonly referred to as a fixed system, is one that involves a fixed exchange rate that is set and artificially maintained by the government of that particular currency. This rate is then pegged to another nations currency, most...

The reality of the use of these exchange rate is that it's rare to find one that is entirely floating or entirely pegged but rather it is much more common to find one that is a combination of the two. One way of doing this is for a country using a traditional pegged system can prevent the typical market panics and the potential...

The bilateral exchange is the common way of quoting a currency in that it involves two currencies in a pair. The majority of the time the central or federal bank will be one side of the relationship and they are displayed using their three letter symbols and are displayed with the base currency at the beginning followed by another...

Making sure you do your research on the various foreign exchange transaction types is key to ensuring a the long term stability of your property purchase and making sure it's a sound investment. Foreign currency exchange deals include:

1. The first point we will discuss is spot transactions. Spot Transactions...

When transferring large sums or even smaller sums, it is important to try and get the best rate, even small differentials in exchange rates can make a huge difference to the amounts concerned. Even a small increase of 1% on a £100,000 fee is £1000. This is a lot of money in it's self but when you think that many transfers even on a...