An enormous 8% drop in the pound was recently rectified in a matter of minutes but the 'flash crash' wasn't merely an algorithm issue.
How countries manage their currencies is now more critical than ever. Nigeria has followed in the footsteps of South Africa by opting for a free-floating exchange rate regime.
A radical tightening of exchange controls against corporations and wealthy individuals offers a short-term solution to South Africa's balance of payments crisis.
Uncertainty over the outcome of the EU referendum has sent currency markets into overdrive.
The South African rand is the 18th most traded currency in the world.
How is it possible that an African country whose currency is one of the top 20 most traded in the world only has the 33rd biggest economy?
The rand’s current weakness can be attributed to a myriad of structural problems facing South Africa’s economy.
Like any commodity, the value of the rand is determined by the market forces of supply and demand. Its weakening is also affected by a myriad of structural problems facing the South African economy.
We never learn.
Investors are encouraged to make bad financial decisions from the way that saving products are marketed. New research shows that fixing this is a can of ugly worms.
South Africa is at risk of being downgraded to junk status as its currency continues to depreciate. The situation is reminiscent of events in 1985 when the economy nearly collapsed.
Banks including Barclays are being hit with another round of fines for bad behaviour.
Increased regulation is doing little to stem the tide of bank scandals, with fines racking up. It's time more bankers were held to account.
In need of a lifeline.
So long as there is uncertainty about Greece's place in the eurozone, turmoil in financial markets will continue.
Now is the winter of our discount cents.
In one of the most remarkable days in the foreign exchange market for at least 20 years, the Swiss franc rose by an astonishing 30% against the euro in a mere five minutes. This is as a result of the announcement…
Six global currency-dealers have agreed to pay a total of US$4.3 billion to regulators in the US, UK and Switzerland.
Image sourced from www.shutterstock.com
Suppose you’re in the supermarket shopping for groceries. While you’re strolling the aisle with your cart, a shadowy figure looms over your shoulder and changes the prices on the items you want to buy…
Xu Zhiyong, jailed for four years. for inciting public disorder.
In the past decade, US and UK universities have embarked on a program of developing formal relationships, exchanges, and partnerships with their counterparts in China. No scholar interested in promoting…
ASIC warns: forex currency trading requires a high degree of skill, and consumers should be aware of the risks and potential for loss.
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With the value of the Australian dollar falling more than 10 cents in the past few months, should we all be hedging our bets and trading the Aussie for a fast profit? There’s no shortage of foreign currency…