With less than a week to go, the TransferMate Team are preparing to join a huge gathering of accounting professionals, business owners and FinTech leaders at this year’s conference. This year QuickBooks Connect will take place over a two-day period, at London’s Tobacco Dock, commencing on Monday, March 6th at 09:00. This event is focused on delivering the most innovative insight where attendees will learn from influential advisors, network with peers, and immerse themselves in interactive workshops – all designed to put their businesses on the fast track to growth.…Read More
If part of your job involves converting foreign currency to US dollars or vice versa, 2014 could have been a challenging year for you.
If you are based in the U.S. and selling to clients overseas, your products – depending where you sell them – this year became on average 10% more expensive (US Dollar Index+9.8%). If you were importing it was a banner year – you just saved on average 10% on your products. By historical standards this was one of the best appreciations of the dollar over the last 15 years.Read More
Whether you are importing and exporting goods for your business, importing a car from another country, or simply want to transfer money abroad, it is important to understand how the foreign exchange market works. So to help you, we have put together this Guide to Foreign Exchange. A Simple Guide to Foreign Exchange There is no magic fairy dust that can get you the best rate possible, but there are certainly some actions you can take that will help you improve what you are doing. Because often, just making just a few…Read More
One of the biggest issues facing companies importing and exporting goods is where to get the best exchange rates. Contacting your local bank is usually the first thought that comes to most people. However, many CEO’s and business owners don’t realise that your bank is not the best choice when it comes to transferring your money. Let’s face it, your bank is not in the market of currency exchange, furthermore, it is in the market of making money out of businesses like yours that need to send money back and forth overseas…Read More
According to a report issued by the Bank of International Settlements, Chinese Yuan entered for the first time among the top ten traded currencies in the world. This marks the rise of China as the second largest economy in the world and the growth that the foreign exchange market is experiencing in the recent years. The Chinese Yuan vaulted to ninth in the Bank for International Settlements’ latest report on foreign-exchange turnover, surpassing the Swedish Krona and New Zealand Dollar, among other widely used currencies. The daily trading volume of…Read More