Business customers- retain more profit from your overeas trade by using a currency exchange broker for your foreign exchange deals.Whether your company has been trading overseas for some time, or you are just considering the potential of trading overseas, you need to talk to a currency exchange expert.

There are many reasons why a business should trade overseas; maybe to import goods from India or China, to be able to retail in your home Country, maybe you may want to export goods but require payment in your home currency, but you can’t close the deal unless the exchange rate is favourable.
Whatever the reason, making the decision to trade overseas can involve risks and you should seek the advice of a currency exchange expert to find out how to make currency differences work to your advantage.

There are ways to manage the risk and when exposing your business to foreign currency rates, the fluctuations in local currency can have an impact on your profit margins. If changes in currency levels mean that its costing you more money to sell your goods abroad than you’re generating in profit, you may need to reconsider your strategy.

The best way to manage your exposure to the currency exchange rates, is to fix your rate of exchange for a reasonable period. This helps you to manage the risk and plan ahead:

· Get a fixed rate and period that suits your business model
· Look for competitive currency exchange rates – banks are often too high
· Go for currency exchange brokers that don’t charge additional commission
· Find somewhere that allocates a dedicated account manager to your business
· Manage your paperwork by appointing a broker on your behalf

Deal with Currency exchange brokers who a proven track record and have the experience to manage your regula business payments. The idea is to find a broker who works in unison with your business, so that you maximise your profits and they manage your currency exchange rate risks.
Managing your foreign currency payments and income is a full-time job, especially if you rely on overseas markets for a significant percentage of your turnover and profits. Rather than spending money recruiting someone to handle this for you, you should talk to a dedicated currency exchange business like Global Currency Exchange Network. We have the knowledge, expertise and buying power to get excellent exchange rates and fix them for up to 24 months – allowing you to plan a secure financial future for your business.

In addition, your dedicated broker will give you all the market information you need, provide help with payments in and out of your account, and won’t charge any additional commission.

To find out more about how we can help you, call David Osborne, Business Manager at Global Currency Exchange Network, on 0044 (0)1480 458400.

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A quick alert bulletin on the Australian Dollar

As one of our clients, I thought I’d better let you know that one of the major currencies has seen substantial movement today and you may wish to take advantage of this.

The Aussie dollar has had a rough ride on the currency markets for around a month. But the AUD dipped substantially yesterday against the US Dollar, Pound and the Euro.

Now could be a good time make your move as this slide has taken a very dramatic turn.

Yesterday:

• The Aussie dollar lost around 2 cents against the US Dollar.
• The Euro gained around 4.5 cents.
• The Pound gained around 4.4 cents

Just a month ago, the Aussie dollar was at 0.92 against the USD. It’s dipped today to 0.8356.

If you’d like to discuss how we can help you to buy, or sell Australian Dollars, please get back in touch soon. If you don’t have the full amount to trade now, but would like to buy straight away, we can do this by using a 10% deposit.

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Wednesday 19th May, 2010, Global Currency Exchange market comment

EURO to USD / AED: The Euro slid again yesterday against the US Dollar, dropping to below $1.22. This had a great deal to do with Germany’s announcementthat they wish to ban “short selling” of shares and euro government bonds among its 10 most important financial institutions. This was the lowest figure against the dollar since April 2006.

Most people believe the euro has further to slide against the dollar and the aed of Dubai and Abu Dhabi. If you HAVE to sell euros soon, for dollars or aed, then you may want to talk to us about setting a rate, or just buy now!

POUND TO EURO: The pound continues to hold at over 1.15, with some good news coming from the Bank of England. It looks likely that the Bank will maintain interest rates at the current low level. British businesses can take advantage of the situation, with the lowest period of borrowing at this level for some considerable time. This, in turn, will help the economy to recover at a faster rate than Europe.

POUND to US DOLLAR: With some good news coming out of the UK economy, the Pound has slowed it’s decline, but sits at an uncomfortable $1.42. Most economists believe, Sterling will go lower against the USD.

With the currency rates altering as quickly as they are, we suggest you choose from the following:

1. If the rate suits you now, make that exchange. It may go a bit more in your favour, but it’s just as likely to go against you.
2. If the rate doesn’t suit you, contact us here, and let us know what rate you need. We will put you on our “Rate watch” list and contact you as soon as your rate is achieved.

Talk to us about placing just a 10% deposit down, and fixing your currency deal at the best exchange rates today. It could save you thousands.

Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates. If you prefer, contact us by email here

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Monday 17th May, 2010. Global Currency Market Comment

Looking to buy or sell currency now? Use the currency converter on the right, and get the best exchange rates today.

There seems to be no end to the current institutional need to buy US Dollars, and sell Euros and Pounds. This “herd mentality” seems to be growing, rather than abating, as everyone heads for the perceived safety of the USD and Gold. Is this a good time to sell Euros or Pounds in favour of US Dollars? Maybe. The current situation does seem very similar to Autumn 2008 where the USD was bought to the virtual exclusion of any other financial asset.

EUR: USD. The Euro has now dipped below the $1.25 level and seems to be headed towards $1.20. The market is clearly concerned about the Eurozone’s ability to cope with the austerity packages and bail-outs. Combine this with the perceived ability of the US to outperform Europe, despite its fiscal issues. email us to set a rate to sell your euros at.

GBP:USD. Pound sterling has today fallen to around $1.44. This would seem to be following the same pattern as the Euro against the USD. However, The Bank of England may be getting ready to back what they call a “very strong and powerful agreement” between the the new Conservative-Liberal government. Expect some decisive action from the new chancellor in the up-coming “emergency budget”.

GBP:EUR. It would seem that, if the markets are forced to choose between the EURO and the POUND, they prefer to invest in the pound. GBP:EUR is still above 1.15 

With the currency rates altering as quickly as they are, we suggest you choose from the following:

1. If the rate suits you now, make that exchange. It may go a bit more in your favour, but it’s just as likely to go against you.
2. If the rate doesn’t suit you, contact us here, and let us know what rate you need. We will put you on our “Rate watch” list and contact you as soon as your rate is achieved.

Talk to us about placing just a 10% deposit down, and fixing your currency deal at the best exchange rates today. It could save you thousands.

Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates. If you prefer, contact us by email here

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Friday 14th May, 2010. Global Currency Market Comment

Looking to buy or sell currency now? Use the currency converter on the right, and get the best exchange rates today.

Yesterday, was yet another turbulent day for both Sterling and the Euro. Both currencies lost ground against the US Dollar in particular. Now that the UK election result is agreed, all attention has turned on the uncertainty before the UK Chancellor’s emergency budget due within the first 50 days.

GBP: USD. The pound started off well enough at about $1.49, but sank to below $1.46 this morning. It would seem that the market currently prefers dollars, but that may change following the announcement in the US, that eight banks are facing investigation into the ratings of their mortgage products in the run-up to the financial crisis.

EUR:USD. It isn’t clear why the euro is struggling so much, given that the Eurozone has recently announced some reasonable economic data. It’s possible that the markets are becoming more anxious about the medium term prospects of theeconomic recovery in Europe. The Euro has dropped to close to $1.25. If the markets are concerned, expect this to go lower.

GBP:EUR. Early on in March, 2010, we saw the €1.10, now we’re regularly seeing €1.17 to €1.18. The last time we had rates like this, was between mid-june and early August 2009. After then, it dropped suddenly to €1.07, and we had many customers who had held off. They lost their opportunity.

With the currency rates altering as quickly as they are, we suggest you choose from the following:

1. If the rate suits you now, make that exchange. It may go a bit more in your favour, but it’s just as likely to go against you.
2. If the rate doesn’t suit you, contact us here, and let us know what rate you need. We will put you on our “Rate watch” list and contact you as soon as your rate is achieved.

Talk to us about placing just a 10% deposit down, and fixing your currency deal at the best exchange rates today. It could save you thousands.

Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates. If you prefer, contact us by email here

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Thursday 13th May, 2010. Global Currency Market Comment

With the global currency exchange prices as volatile as they have been, you may wish to buy a forward currency contract today. It takes just 10% deposit to secure your exchange rate and will give you peace of mind.

Yesterday, we saw a much improved day for the currency markets. There was a widespread recovery in share prices and the generally positive economic data did much to improve the Pound rate, particularly against the US Dollar and the Euro.

EUR: GBP. Today, we have seen the Euro gain a little against the pound, but most people believe that the Pound will continue to gain against the Euro. So Now could be a good time to call or email a currency dealer to discuss buying a forward currency contract if you have Euros to sell and pounds to buy.

In the UK, the new Government has announced that it will cut public spending by £6bn in this fiscal year as an immediate step in a broader commitment to tackle the budget deficit. This was well received by the markets and gained the Bank of England’s support.

AED: AUD. If you have AED, UAE Dirhams, and are looking to buy Australian Dollars, now could be a good time to buy. The aed has gained about 10% over the last year and seems to be peaking.

USD: EUR. The USD has moved considerably against the Euro to about 1.26 from a peak of 1.5 in just a matter of months. The value dropped to about 1.25, so we may have seen the bottom of the dip. If you have AED, or USD, and you want Euros, this could be the time to buy Euros.

Talk to us about placing just a 10% deposit down, and fixing your currency deal at the best exchange rates today. It could save you thousands.

Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates. If you prefer, contact us by email here

Open a Free Currency Exchange account with us to make your Bank-to-Bank transfers much better value. Sorry, we don’t handle cash in any way.

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Emigrating to Australia on your own steam
The first step in emigrating, is to find out if you are eligible to live in Australia. You can do this by contacting your nearest Australia High commission who will be able to assist. They will send you the relevant information regarding your application process.
You should allow a minimum of 12 months for a successful application to be processed. It is absolutely crucial that any paperwork submitted to Australia House is done so correctly or your application will be returned to you, and you will, unfortunately, have to re apply. Fees will also vary dramatically depending upon the visa category you are applying under. With police checks, medical records, government fees, and more, the cost of the application can sometimes be a considerable expense.
Use an emigration specialist consultancy
A migration agent is like using a lawyer to represent you in court. They will initially give you a free consultation and will let you know straight away if you are eligible for migration. If you are, they will begin to advise on the fees and time limits involved. They will then advise you of all relevant forms, references and documents that you will need to obtain for them to submit the application on your behalf.
If you choose to use an agent your migration process can be a lot quicker. In some cases, they may even save you money as you can be certain that your application will be submitted correctly the first time. It certainly will take a lot of unnecessary stress away from the migration process. For that reason alone, we would strongly recommend to anyone who is considering emigrating, to use a Migration Agent.
Buying your Australian Dollars.
Whether you are buying your Australian Dollars with British Pounds, American Dollars, Euros or any other foreign currency, it pays to shop around.
The standard route, involved beating a path loyally to your local bank and asking them to make the money transfer on your behalf to Australia. This generally involves a few costs that you won’t have to bear elsewhere. You are likely to be charged extra for making the currency transfer, and for your Australian bank to receive the funds. In addition, a high street bank doesn’t necessarily give the best foreign exchange rate which is the biggest difference between the bank and a foreign currency exchange specialist.
Consider this:
Your bank offers you a rate of 2.10 Australian Dollars to £1. You buy £150,000 worth at that rate, believing that it’s the same everywhere and you end up with 315,000 Australian Dollars, before they have taken their commission!
OR, you use a global currency exchange specialist and they give you a better rate of 2.1549 Australian Dollars (as it is today) to £1, giving you net proceeds of 323,235 Australian Dollars for your £150,000.
Net result, you have saved yourself £3,821 ( or 8235 dollars) to spend on something else when you get to Australia like a second hand car, tax and insurance! No effort was required. It didn’t take any longer. You just end up with more money.
Save money when emigrating, buy your Australian Dollars here, or just visit the site to view the latest rate.

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