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How Bank Mark-Ups Can Make International Money Transfers Bad For Business
Many companies are switching from commercial banks to independent currency brokers like us at Pure FX. The foreign exchange services we provide ensure customers get the best possible rates on their international money transfers. It isn’t just t...
Money Transfer Services And The Interbank System
The big commercial and investment banks are heavy traders on the foreign exchange, attracting a heavy volume of corporate traffic. When a large corporation needs to buy Euros, dollars etc to import goods, they approach the bank who, in turn, approach...
The Tobin Tax - A 70s Notion Brought Out Of Retirement
The Tobin tax was a concept suggested by top economist James Tobin as far back as 1972. Never implemented, it regularly raises its head whenever there's an economic crisis. The idea of a tax on foreign currency exchange seems particularly barbaric, ...
The Nightmare World Of Rigid Fixed Parity
Although the foreign exchange is thought of as a free market, it is based on a fixed parity, or fixed par system. However, underlying this are substantial holdings of international reserves, the size of which are determined by the country's economy, ...
The Difference Between Future And Forward Contracts
Currently, future contracts account for only 7% of global foreign currency exchange. However, they have become popular in recent years. They are distinct from both forward and spot contracts, in that whole numbers are used, and all trading is done ag...
How the balance of trade is affected by foreign currency exchange rates
Britain relies on low prices to export goods – this is linked to the value of the pound on the foreign exchange. If the pound is strong then the cost of imports from abroad will be low, but cost of exports will be high, deterring foreign buyers...
Balance of trade and the foreign exchange
To buy goods from other countries, we must first purchase the requisite amount of that country’s currency. Likewise, when they want to buy from us, they must do the same. This is the basis of foreign currency exchange. When the currency excha...
Foreign currency exchange exposure and British traders
Many British companies deal exclusively in domestic trade. However, they can still be affected by fluctuations in the foreign exchange rate. The strength of the pound is directly influenced by fluctuations on the foreign exchange, and thus any trader...
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