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Personal FX Articles

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Exchange Rates - What are they and how are they calculated?

12 Dec at 9 AM - by Admin

As any seasoned traveller or holidaymaker will no doubt have already noticed, the currency exchange rates very rarely stay static and can often fluctuate greatly during the day. Many people make money from these daily fluctuations which is most commonly described as Forex trading which involves the buying and selling of different...

Currency Quotations

12 Dec at 9 AM - by Admin

The currency exchange rates are always displayed using the three letter abbreviations that are stated by the International Organisation for Standardisation (ISO) in the ISO 4217 list. This is a list of all the currencies in this three letter format and is so widely accepted throughout the world that the vast majority of banks,...

Spot Exchange Rate vs Forward Exchange Rates

12 Dec at 9 AM - by Admin
There are two different types of currency exchange rates. The first one and most simplest to explain is the spot exchange rate. The spot exchange range is simply the current exchange rate as opposed to the forward exchange rate. Forward exchange rate essentially refers to an exchange rate that is quoted and traded today but for delivery and...

Balance of Payments Model

12 Dec at 9 AM - by Admin

This model holds that a foreign exchange rate must be at its equilibrium level - the rate which produces a stable current account balance. A nation with a trade deficit will experience reduction in its foreign exchange reserves which ultimately lowers (depreciates) the value of its currency. The cheaper currency renders the...

Using a Universal Currency Converter

12 Dec at 9 AM - by Admin

For anyone contemplating trading or doing business internationally, it is almost certain that at some point you will require a currency converting calculator. However, it is important that before you do so, you understand how the exchange rates in other countries and how to ensure you have the right financial set-up in order to ensure...

Managing exchange risk: borrowing in a foreign currency

12 Dec at 9 AM - by Admin

If the Great British Pound gets weaker against a foreign currency, a company's assets in that particular currency (for example foreign currency bank deposits or investments) become increasingly valuable in terms of their GBP value. However, the liabilities become more onerous in that any loans or borrowings they have taken out in...

Effect of exchange rates on the value of assets and liabilities

12 Dec at 9 AM - by Admin

Fluctuations in the exchange rates will also have a direct impact on the value of any foreign currency denominated assets or liabilities held by a company or organisation.

Asset Ownership

For example, let's say a company or corporation has recently acquired a United States based asset which would obviously be...

Exchange Rates in Company Accounts

12 Dec at 9 AM - by Admin

When it comes to the end of the accounting period and it is time to draw up the company accounts, companies which account in Great British Pound, you need to convert payments received and sent as well as receipts in foreign currencies, and the value of any foreign currency denominated assets and liabilities, all into Great British...

Exchange Rates - Supply and Demand

12 Dec at 9 AM - by Admin

One of the key factors that effects the foreign exchange rates is the supply and demand for each particular currency. As the exchange rate increases, the demand for the currencies decreases. Similarly, if the supply of a country's currency increases, the value of that currency will decrease in relation to other currencies and more...

Money Transfers for Purchasing A House Abroad

12 Dec at 9 AM - by Admin
<p>Whilst there are various ways of making small, regular international money transfers, when you are looking to make a transfer of a significant sum for example when purchasing a property, the people that are most likely to give a good rate are specialist Foreign Exchange brokers. It is the same when purchasing any other high...