8 Ways to Improve Your Foreign Currency Conversions

Author: Arron Finn Currency Volatility Destroys Companies Profits November 5, 2015 Arron Finn Images showing the forex market experiencing currency volatility Due to globalisation, companies whether doing business internationally or nationally are effected by currency volatility which can impact profitability. For instance, how about losing 298 million pounds in nine months due to emerging market currency volatility. Or Swiss companies facing increasing pressure once the Swiss Central Bank allowed the Swiss Franc to float on the open market. READ MORE Blog, currency volatility, Emerging currencies, Foreign CurrencyLeave a commentEdit "Currency Volatility Destroys Companies Profits" Irish Charitable Trust Receives Support From TransferMate October 13, 2015 Arron Finn Team of 35 cyclists who are part of Irish Charitable Trust TransferMates Managing Director, Barry Dowling took part in a 230 kilometer cycle which began in Greystones and finished in Cardiff. Irish Charitable Trust has raised one hundred thousand euro for the IRFU Charitable Trust, Focus Ireland and Team Jonathan Ranson. Each charity does incredible work within its own respective field. The IRFU Charitable Trust aims to support rugby players who get a life changing injury. READ MORE Blog, UncategorizedLeave a commentEdit "Irish Charitable Trust Receives Support From TransferMate" 8 Ways to Improve Your Foreign Currency Conversions

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.

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Dollar tumbles as uncertainty grows

The disappointing jobs report, that  was release on Friday has built up a lot of uncertainty on the currency markets which has led the Dollar down against its major rivals- the Yen, and the Euro. Earlier during the week the Dollar managed to reach 100 Yen which is an important psychological level, but did not hold the gains due to the increased volatility on the international markets. That was caused by the concerns for war in Syria and the fear that the Federal reserve may start tapering its 80 billion-per-month…

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