The honeymoon period with the new Conservative government is over.
Sterling enjoyed a brief rally this summer, with a 2% rise against a basket of currencies of the UK’s major trading partners and rose around 9 cents to hover just below the USD $1.60 mark.Sterling has managed to perform relatively well because of the inherent weaknesses of other economies; the Euro was held back (the Greek economic crisis) and the US dollar has been suffering against every other major economy in the world as it struggles to shake itself out of the effects of recession.Now...
The UK National Statistics Office has reported that overseas spending by British holiday makers has dropped by 10%. However, at the same time, spending in the UK by foreign tourists has increased by 4%.
The UK was once regarded as the “workshop of the world”, and exports still account for a substantial portion of UK manufacturing and commercial activities today.
Transacting business overseas is a valuable commercial hedge against adverse market conditions at home as well as a mean of providing highly profitable opportunities to generate business growth.
Shop Around for Best Value Currency Exchange When Leaving the UK
USD: Lower, durable goods fall more than expected, consumer sentiment rises, new home sales rise JPY: Higher, Finance Minister Fujii says he is opposed to intervention in foreign exchange markets EUR: Higher, German consumer confidence rises to a 16 month high, threat of SNB intervention GBP: Higher, Darling says the UK is not seeking a weaker GBP CAD and AUD: AUD & CAD higher, tracking equity markets and risk sentiment OverviewVery interesting and whippy price action in the foreign...
USD: Mixed, IMF says the recession is not yet over, Fed awaited JPY: Lower, pressured by selling in cross trade to be GBP and EUR, threat of rising US bond yields EUR: Lower, Weber says ECB will maintain special policy measures for sometime GBP: Higher, BOE voted unanimously to hold the current level of bond purchases, no remuneration rate cut CAD and AUD: AUD & CAD lower, BOC officials express concern about CAD strength Overview
Do you know where to change old ringgit' A friend of mine argue with me, "I heard Bank Negara Malaysia will Interrogate you for hours if you want to exchange your old RM500 or RM1000 banknotes". I don't believe what he said and try to exchange my old notes to experience it myself. BNM statement on 12 September 1998, announced the demonetisation of the RM500 and RM1,000 notes, and they ceased to be legal tender from July 1, 1999. The statement said the volume of both the RM500 and RM1,000...
"Do you know where to exchange Myanmar Kyat in Malaysia' I had been asking almost all Money Changers in Kuala Lumpur, Subang Jaya and Shah Alam but I cannot find any that will exchange my Myanmar Kyat Banknote. I have 5000 Kyat notes that my friends give to me as a gift. I also asked some of my Myanmar friends but they don't know where to exchange Kyat in Malaysia." Why people suddenly asking for Myanmar Kyat'Many people had been cheated on buying Myanmar Kyat. They were been told that Kyat...