Your Guide to Foreign Exchange

Your guide to foreign exchange

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…

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Increasing Anxiety in Emerging Markets

Many international investors sold emerging market currencies and equities as anxiety grows around the ability of developing nations to successfully stimulate enough economic growth. Currencies such as the Russian Rouble, the Argentinian Peso and the Turkish Lira have recently hit multiyear bottoms. The current selloff in the emerging market comes in the context of larger problems in the international economy such as the shifting patterns of the US monetary policy and the troubles that China has in reorienting the economy from a export driven to a local demand-driven economy. In…

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All Eyes on the US Dollar

EUR/GBP     £0.8378 Discussions about the Greek debt are still dominating on the European market. The single currency gained slightly against the British Pound the UK and seems to remain at this level. There are minimal economic announcements from Europe today as the market attention is currently concentrated at the US Dollar. The Euro is trading at £0.8378 at the moment and still moving upwards. GBP/EUR     €1.1944 Things are quiet for the Pound today as the attention is concentrated towards the US Dollar. The Pound however is still struggling against the…

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Euro Falls as Greek Debt Solution Proposal Rejected

EUR/GBP     £0.8385 In general, the Euro is falling as concerns over the debt crisis are still present and also as the euro zone finance ministers rejected a restructuring plan on the Greek debt by creditors. However, it is outperforming the Pound, and currently upgrading against the sterling as it’s trading at £0.8385. GBP/EUR     €1.1921 The Pound was the worst performing currency in the last 24-hour period, as even the Euro outperformed the sterling.  It is still downgrading against the Euro and currently trading at €1.1921. EUR/USD     $1.3043 After three-weeks high,…

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USD/EUR Outlook, 2012

The Euro finally rose against the US Dollar shortly after reaching a 16-month low against the Dollar. The markets today eagerly anticipate the meeting between the German Chancellor Angela Merkel and the French President Nicolas Sarkozy during which they will work on the “fiscal compact”. The meeting is to prepare the EU summit scheduled for January 30th which shall reveal ways to boost the EU economic growth. Before the meeting even takes place, the Euro demonstrated gains against the Dollar as it climbed up to $1.2761. Yet, however, further declines…

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