• Sterling briefly rose on Monday to a fresh two-month high against the dollar following concerns about further U.S. economic weakness.

• But the pound eased against the euro and looked set to stay under pressure versus the single currency this week ahead of Thursday’s European Central Bank policy meeting, where a quarter point interest rate hike to 4.25 percent is widely expected.

• Global Currency Exchange Network, bring you daily currency exchange rates. For currency conversion, and money transfers, go to our website to create a free money transfer account.

GLOBAL CURRENCY EXCHANGE NETWORK - DAILY CURRENCY NEWS

n.b these are just indication rates as of 8.30am on Monday 30th June 2008

Get the best currency exchange rate available today… Just call our Head Office on +44 (0) 1480 458 400 if outside the UK, or 01480 458400 ( in the Uk) and we’ll quote you the best exchange rate for Euro, usd, gbp, aed and more. Alternatively, fill in the short form below, and we will get back to you with the best foreign currency exchange rate.

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See today’s currency exchange rates for aed, usd, gbp, pounds here.

Tags: Currency Exchange Rates, foreign exchange rates, money transfer

• Global Currency Exchange Network, bring you daily currency exchange rates. For currency conversion, and money transfers, go to our website to create a free money transfer account.

GLOBAL CURRENCY EXCHANGE NETWORK - DAILY CURRENCY NEWS

n.b these are just indication rates as of 8.30am on Friday 27th June 2008

Get the best currency exchange rate available today… Just call our Head Office on +44 (0) 1480 458 400 if outside the UK, or 01480 458400 ( in the Uk) and we’ll quote you the best exchange rate for Euro, usd, gbp, aed and more. Alternatively, fill in the short form below, and we will get back to you with the best foreign currency exchange rate.

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See today’s currency exchange rates for aed, usd, gbp, pounds here.

Tags: Currency Exchange Rates, foreign exchange rates, money transfer

The UAE dirham and international money transfers

About the AED:
AED, or dhs / dirhams, is fixed to the US Dollar. As a result, the recent decline in the value of the US Dollar against the Euro and the GB Pound has had an obvious effect on the AED rate when trading currency in Europe.The UAE dirham (AED) is divided into 100 fils. Coins are in 5, 10, 25 and 50 fils and AED 1. Notes are in denominations of AED 5, 10, 20, 50, 100, 200, 500 and 1,000. $1 = 3.6722AED and currently £1 = 7.2504AED.

Currency exchange between Dubai and London:
With the opening of the Gatehouse Bank Plc in Central London, a fully compliant shariah bank, there is likely to be an influx of interest in exchanging AED´s for Pounds.
There are no restrictions on the import and export of money into, and out of, Dubai.

Everyone holding a residence visa in Dubai is allowed to open a bank account and to import and export funds, although it’s unusual for people to bring funds into the country with the current excepion of foreign funds being used to buy property in Dubai. Accounts held overseas are of no interest to the fiscal administrations in any of the states. No declarations of currency are required when entering any of the territories, so travellers can move currencies in and out without restriction and in any form that they choose.

International bank transfers are something the Dubai currency exchange brokers handle comfortably. The money transfers out of Dubai have long been a lucrative business, particularly since the property boom began in recent years. The large number of expats who have moved to Dubai regularly exchange their money, and make transfers abroad to their home country.

How to transfer aed and get the best exchange rates:
All the retail banks will transfer money to any destination and in any currency. Many people find it convenient to use their own bank to transfer money overseas, but there are plenty of currency dealers offering this service, so shop around to obtain the best currency deal. The main factors involved in transferring funds overseas are the exchange rate offered and any commission charges plus the money transfer charge. The rate quoted by a high street bank may look attractive, but if the combined charges are high, you might be better off with a company like fx-foreignexchange. In addition, many overseas receiving banks will make a recipient charge. Using fx-foreignexchange, there will not be any receiving charges in most cases.

Different transfer systems are available, and the speed of transfer is the main determinant of the charge levied. The methods are postal, bank-to-bank, telex, telegraphic and SWIFT (or similar titles). For an explanation of currency terms, visit this page.

If you intend to send significant amounts of money abroad for business transactions, such as buying a property, or making a payroll payment on a monthly basis, ensure that you’re given the commercial rate of exchange. The tourist rate or standard rate that you see quoted in your newspaper or posted on the bank’s currency exchange board can be considerably bettered for large exchanges and transfers.

Fx-foreignexchange have a currency trading office in Dubai.

Get a quote for the best aed, eor, gbp currency exchange rate today, just call +44 (0) 1480 458 400
or simpy fill in the form:

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Tags: aed, currency exchange, dubai, gcen

A Payment Management System (PMS) for overseas payroll payments has been developed for the London based Global Currency Exchange Network Ltd. (GCEN). GCEN provides worldwide payment and currency services for individuals and businesses for purchasing of Overseas property, emigration, business payment transfers, payroll processing; any function requiring the transfer of funds in a variety of currencies.

The overseas payroll payment system is designed to integrate, and automate, the payroll transfer service offered to clients worldwide. This service allows companies with staff from around the world, to provide their employees with the ability to transfer money to their banks in their home, or other, countries. Clients such as shipping lines, cruise lines, airlines, currently make use of this to provide enhanced payroll service for their employees to transfer allotments to a spouse or other family members, home mortgage or other loan payments, while they are away from home.

Because Global Currency Exchange Network aggregates large amounts of currency exchange, they can negotiate favorable exchange and process rates with global clearing banks such as HSBC. Using these favourable bulk rates, GCEN can offer their clients exchange services at rates significantly below what the individual client could obtain on their own and still make a profit on the exchange. This allows the client to provide a valuable service to their employees at a reasonable cost.

GCEN currently performs this function using a wide variety of different mechanisms for clients including Cunard Lines, Carnival Cruise Lines, Steiner Transocean, and others. PMS allows Global currency exchange to standardize all stages of the processing, and allows their clients to use a standard Internet access to enter employee and payee data along with payroll and contract transactions. This information is collected and grouped by client, currency and destination bank account. GCEN then enters the financial factors and the system calculates the exchange rate and the resulting amount to transfer for each payee and currency. When this is completed the data is exported in any of a number of formats for use by various bank clearing houses worldwide and the funds are then transferred to the payee accounts in the correct currency.

PMS also provides funding requirements and transaction detail data for each client for the various payment transactions that tells the clients not only the aggregate amount they must fund to GCEN for the transfer, but also the individual transaction details for each employee. Reports can be generated at each stage of the process beginning with Employee and Beneficiary import, Transaction import, approval and release to processing, GCEN processing and funding, etc. Data is available to the client and their employees showing current and historical transactions for each employee.

System configuration allows Global Currency Exchange Network to customize the function and appearance of the system for each client including features such as client logo, whether employee data is stored on the system or regenerated with every payroll cycle (some clients prefer this for operational and security reasons) and other client specific details.

This system is ideal for all businesses who employee personnel who wish to receive all, or part, of their monthly wages in a currency other than the employer´s bank. The business management is handled at fx-foreignexchange. For more about the company, view the website.

This Personnel Payment System is perfect for cruise ship companies, airlines, large corporate company´s with major work forces worldwide, seasonal immigrant workforces such as fruit and vegetable pickers.

To discuss how fx-foreignexchange can improve your Company´s profitability and aid your workforce, contact us on +44(0)1480 458 400 or fill in the contact form below.

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Tags: global, global currency exchange, overseas, payroll, wage transfers

• Sterling was little changed against the dollar and euro on Thursday as investors awaited comments from Bank of England officials who are due to give evidence to the Treasury Committee later in the day.

• The pound had risen against the US dollar overnight after the U.S. Federal Reserve  (USA Central Bank) gave no hint on when it would start raising interest rates following a widely expected decision to leave its target Fed funds rate unchanged at 2.0 percent.

• That effectively ended the U.S. central bank’s aggressive rate-cutting campaign that it launched in September as it voiced greater concern about inflation.

• Global Currency Exchange Network, bring you daily currency exchange rates. For currency conversion, and money transfers, go to our website to create a free money transfer account.

GLOBAL CURRENCY EXCHANGE NETWORK - DAILY CURRENCY NEWS

n.b these are just indication rates as of 8.30am on Thursday 26th June

Get the best currency exchange rate available today… Just call our Head Office on +44 (0) 1480 458 400 if outside the UK, or 01480 458400 ( in the Uk) and we’ll quote you the best exchange rate for Euro, usd, gbp, aed and more. Alternatively, fill in the short form below, and we will get back to you with the best foreign currency exchange rate.

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See today’s currency exchange rates for aed, usd, gbp, pounds here.

Tags: Currency Exchange Rates, foreign exchange rates, money transfer

• Sterling weakened versus the euro and the dollar on Wednesday as investors looked ahead to a UK June retail sales survey for clues on whether the surprise jump in May’s official data was a one-off.
• In the US analysts have said major currencies, including sterling, would likely remain within relatively narrow ranges, therefore not expecting to many movements, ahead of a Federal Reserve rate decision at 1815 GMT.
• Global Currency Exchange Network, bring you daily currency exchange rates. For currency conversion, and money transfers, go to our website to create a free money transfer account.

GLOBAL CURRENCY EXCHANGE NETWORK - DAILY CURRENCY NEWS

n.b these are just indication rates as of 8.30am on Wednesday 25th June 2008

Get the best currency exchange rate available today… Just call our Head Office on +44 (0) 1480 458 400 if outside the UK, or 01480 458400 ( in the Uk) and we’ll quote you the best exchange rate for Euro, usd, gbp, aed and more. Alternatively, fill in the short form below, and we will get back to you with the best foreign currency exchange rate.

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See today’s currency exchange rates for aed, usd, gbp, pounds here.

Tags: Currency Exchange Rates, foreign exchange rates, money transfer

• Sterling fell against the dollar on Monday after a Bank of England member indicated that interest rates may not have to be raised by as much or as quickly to cool inflationary pressures as many expect.

• Global Currency Exchange Network, bring you daily currency exchange rates. For currency conversion, and money transfers, go to our website to create a free money transfer account.

GLOBAL CURRENCY EXCHANGE NETWORK - DAILY CURRENCY NEWS

n.b these are just indication rates as of 8.30am on Tuesday 24th June 2008

Get the best currency exchange rate available today…

Just call our Head Office on

+44 (0) 1480 458 400 if outside the UK,

or 01480 458400 ( in the Uk) and we’ll quote you the best exchange rate for Euro, usd, gbp, aed and more.

Alternatively, fill in the short form below, and we will get back to you with the best foreign currency exchange rate.

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See today’s currency exchange rates for aed, usd, gbp, pounds here.

Tags: currency conversion, currency exchange, foreign exchange rates, money transfer

Get the best currency exchange rate available today…

Just call our Head Office on

+44 (0) 1480 458 400 if outside the UK,

or 01480 458400 ( in the Uk) and we’ll quote you the best exchange rate for Euro, usd, gbp, aed and more.

Alternatively, fill in the short form below, and we will get back to you with the best foreign currency exchange rate.

cforms contact form by delicious:days

See today’s currency exchange rates for aed, usd, gbp, pounds here.

Tags: aed, best exchange rates, eur, euro, gbp, usd

• Sterling fell to session lows versus the dollar on Monday after a member of the Bank of England committee has said a weaker UK housing market and economy would offset rising inflation prices over the next year.

• Global Currency Exchange Network, bring you daily currency exchange rates. For currency conversion, and money transfers, go to our website to create a free money transfer account.

GLOBAL CURRENCY EXCHANGE NETWORK - DAILY CURRENCY NEWS

n.b these are just indication rates as of 8.30am on Monday 23rd June 2008

Tags: Currency Exchange Rates, foreign exchange rates, money transfer

The benefits are numerous. If you are in a business where your clients have a need to buy foreign currency, then we are the right partner for you.

Our currency exchange business is well established, it trades over 350 Million GB Pounds a year for clients, it caters for everything from cruise ship payroll’s worldwide to the smallest house depostit money transfer.

We take care of clients for foreign exchange introducers who do everything from car imports, vegetable and fruit imports for supermarkets, to worldwide International real estate agents.
All of these businesses have placed their trust in in to care for their clients…
But, there is a financial benefit for the affiliate……

BENEFITS TO BEING AN AFFILATE INTRODUCER:

You can keep track of clients’ transactions, so you can help them. Clients will secure their currency
with us and as a result you will know in advance that everything is progressing smoothly.

We will provide you, with a banking receipt. Proof that their funds have been sent.

One point of contact for you and your clients.

We will rebate 50% of the brokerage generated on a transaction back to yourself which can be paid monthly or quarterly to any account you furnish us with.

If you are an estate agent, inmobiliaria or Immobilien, you can choose to advertise any of your properties on our new property website, completely free of charge.
More than that, you can have your property listings placed for free on 2 worldwide, international, property portals as well as having a free web site provided by our web partner, 1strealestatehosting.net who are specialists in providing real estate hosting.

Globalprops.com and is available to view at the moment. We are currently uploading all the properties of our existing international property associates.

If you are a trader of any other type, talk to us about a free web site, as we have programmes in place for 5 more business areas.

BENEFITS TO YOUR CLIENTS:

Essentially, our business aim is to provide a secure, reliable, friendly approach to currency exchange.
In addition, we aim to provide the best value, with the best exchange rates, the cheapest methods of money transfer,and an efficient reporting process for your clients.

Your clients will be guaranteed the same account manager who will take sole responsibility from
the start to the very end, building a rapport to ensure that your clients funds are sent to the required
destination in their timescale.

Opening a trading account with fx-foreignexchange is simple. Once an account has been approved your clients can benefit from the following:

• Free account opening with no obligation (Via Website / Fax or Post)
• No fees or commissions to exchange currency
• The ability to secure guaranteed commercial rates of exchange for now and up to 2 years in the future
• Proof of telegraphic transfer of funds in the form of a banking receipt
• Fully Compliant with H M Customs & Excise
• Specialists in Foreign Currency Transactions
• A Stress Free, Personal Service

The facility to set up regular overseas money transfers (such as Mortgage payments or overseas Pension transfers) with our Overseas Regular Payment Plan.

More on how to become a currency exchange affiliate…

Apply to become a currency exchange affiliate here.

Tags: affiliate, Affiliate Introducers, Currency, currency exchange, introducer

• Sterling was little changed on Thursday after Bank of England Governor Mervyn King said the UK economy is slowing, which was necessary for inflation risks to subside.

• Investors await the release of UK retail sales data due out later in the day which may suggest a continuous slowdown in spending.

• Global Currency Exchange Network, bring you daily currency exchange rates. For currency conversion, and money transfers, go to our website to create a free money transfer account.

GLOBAL CURRENCY EXCHANGE NETWORK - DAILY CURRENCY NEWS

n.b these are just indication rates as of 8.30am on Thursday 19th June 2008

Tags: Currency Exchange Rates, foreign exchange rates, money transfer

How to become a currency bureau affiliate ….

Why become an affiliate of our Currency Exchange network? If you have a business with clients that may require foreign exchange, then you can benefit from becoming associated with us and our partners - a company that is highly accredited throughout Europe. We work hard to establish and maintain long-standing personal relationships with our affiliates. We assist our affiliates with all facets of currenc