RSSCategory: Currency news

Why Fixed Exchange Rates have their uses

March 4, 2012 | By | 2 Replies More
Why  Fixed Exchange Rates have their uses

You should consider fixing an exchange rate any time you know you are going to be making a large purchase in a foreign currency, e.g. buying a house or a boat. You can fix the rate up to a year in advance. The aim of doing this is to give you peace of mind, as [...]

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When can I trade or invest in RMB (Chinese currency)?

February 20, 2012 | By | Reply More
When can I trade or invest in RMB (Chinese currency)?

To date the Chinese Rinminbi (RMB) cannot be freely traded on currency markets. Currency controls are in place to stop a large outflow of cash from China as home investors’ reserves grow. This increases the value of the RMB. China does however represent the second largest economic power in the World, after the US, and [...]

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The 5 Simple steps to Send Money Abroad

January 20, 2012 | By | 4 Replies More
The 5 Simple steps to Send Money Abroad

If you need to send money abroad, then follow these simple steps.  Step 1; Select a broker and set up a broking account. (Do this as far as you can in advance before you wish to transfer money)..see previous post for how to do this If you choose to use your own bank to send [...]

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How do I go about sending money abroad for the first time?

January 13, 2012 | By | 1 Reply More
How do I go about sending money abroad for the first time?

For anyone new to sending money abroad this is how you do it. It is a very simple process. There are several providers you can use to send money abroad; banks, Western Union, currency brokers. The amount you wish to send, how quickly you wish to send it, and the destination will determine which of [...]

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