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International Money Transfers With Online Currency Brokers
When you exchange currency, there are two things to bear in mind: the exchange rate, and the cost of the transaction. Using conventional money transfer services, the fees can often be excessive - and the exchange rates high. A large number of int...
The Simple Facts About Buying Currency
Whether you make regular international wire transfers for business purposes, or are buying dollars to purchase a holiday villa in the Caribbean, it pays to know a little about the way foreign currency exchange works – otherwise, how will you ge...
Using Forward Contracts To Arrange International Payments
International money transfers involve the purchasing of foreign currency and transferring it to a foreign bank account on a set date. Whatever the reason for the transfer, you want to hedge against negative fluctuations in the exchange rate, which is...
How The Federal Reserve Affects Dollar Exchange Rates
Buying dollars is no different to buying stocks and commodities. The foreign exchange reacts strongly to sudden developments or unexpected events, just as any other financial market does. When making money transfers, we at Pure FX advise our custome...
The Impact Of The UK Economy On Foreign Currency Trading
GDP estimates are released quarterly, and are strong indicators of the UK economy. They are regularly updated and you can find the latest GDP results on Bloomberg News. Foreign exchange brokers use the information to decide how best to trade foreign ...
Foreign Currency Exchange And The GDP
The GDP (Gross Domestic Product) report is eagerly awaited by anyone seriously involved in the stock market or foreign exchange. Investors, analysts and currency brokers like us at Pure FX review these reports, to see how they will affect trading. I...
Reasons for trading in foreign currency
Over $1.2 trillion of foreign currency is traded every day, with even small fluctuations having a direct effect on the value of the pound in your pocket. Why does all this foreign currency trading take place? A major part of foreign exchange trading...
Benefits Of Foreign Exchange Over Stock Exchange Trading
Historically, foreign currency trading has always been reserved for central banks and large corporations. It has just not been tenable for small-scale traders to compete on the foreign currency market; they’ve had to be content with the stock e...