Greater economic uncertainty has contributed to the pound declining in value against the majority of major currencies in the past year, according to latest research from Lloyds Private Banking. Over the past 12 months, the pound has fallen in value – to varying degrees – against 56 of the 60 currencies analysed. This followed a...

Since 2009, CurrencyFair has been providing low-cost currency transfers, saving their customers up to 88% of the total cost involved, in a market which sees around $5 trillion transferred every single day. Having transferred over €4 billion to date, CurrencyFair is well positioned to increase consumers’ awareness of traditional banking practices (and fees!) in this...

If you’re a British expat with an international money transfer requirement, save by using a currency specialist. The British expat community has grown exponentially in recent times – in total, more than 5 million of us currently live abroad; with an estimated 123,000 jetting off to pastures new last year alone. By Smart Currency So,...

When making a transfer most people focus solely on getting the best exchange rate. However, hidden extras and commission fees make it hard to know whether that means you have got the best deal. By World First If you are ever promised a ‘free transfer’, you should know that there’s really no such thing. All...

Currencies can fluctuate quickly and dramatically, and being aware of how this could affect you is all-important. Whatever the reason for your currency transfer, we’ve put together this short guide to help you with the basics of making an international payment. By World First. What are foreign exchange rates? The exchange rate is determined by...

On Friday 24 June the UK woke up to the news that the country had voted to leave the European Union by a majority of almost four percentage points. After seemingly buying into the belief that the Remain camp would ultimately emerge victorious, currency markets, particularly the pound, quickly reversed course as the tide of...

The Bank of England has quickly responded to financial questions raised by the UK’s referendum result on leaving the EU, in a handy Q&A format. What do any financial market movements after the vote mean? The economy will need to adjust to whatever new trading relationships are put in place in the future. These decisions...

There are numerous options that can help you minimise the impact of adverse exchange rate movements on your funds transfer. Nobody can accurately predict future exchange rates consistently and people should be very wary of dealers who claim they can. While keeping in touch with exchange rate fluctuations is important, most people will be better...

If you’re thinking of moving abroad, one of the biggest things you’ll have to consider is the mortgage. Edward Hardy has the answers to some of the questions you’ve been asking about a mortgage overseas. What are the advantages of taking out a mortgage overseas? As well as the cut-price properties that have been available on...

The big news in Europe in the last month is the deal done between the EU and Greece which has given the latter a four-month extension of its financial rescue package, writes Edward Hardy. This will allow Greece time to negotiate and formulate a plan to deal with its ongoing debt burden in a manner...

Need to make a currency transfer? Most expats need to make international payments of some sort. Whether it’s to pay a mortgage overseas, transfer their pension, or to send your salary to a bank account back home, expats are always looking for the best solution that will save them time and money and take away...

If you need to transfer your salary to another currency, you’ll want to make sure you’re getting the most for your money. Follow these top tips to help you get a better deal. 1. Should I use my bank or a specialist foreign exchange broker? Not everyone is aware that there are alternatives to using...