Global travelers are being increasingly asked if they want to pay for local purchases in terms of their home country currency. Here’s why you should resist the strong temptation to do so.
Some companies are really affected by foreign exchange markets.
The Australian dollar is special among the major currencies as it generally moves along with the prices of commodities. Because of this the dollar affects companies in different ways.
Oddly enough, London’s mayor will have been cheered to spark a sell-off in the pound when political colleagues barely raised an eyebrow on skittish markets.
The culture of foreign exchange market has changed significantly, but problems persist with the market that make it susceptible to further transgressions.
Forex traders who went to the dark side could soon be forced to face the consequences.
Justin Lane/EPA/AAP
“Oh what a tangled web we weave. When first we practice to deceive”. Sir Walter Scott’s comment could have been made about the LIBOR and foreign exchange (forex) scandals engulfing the world’s largest…
Heads or tails this banker will cheat.
Nomad_soul via shutterstock
There is something in the culture of banking that lends itself toward making otherwise fairly good people do bad things. That’s the finding of a new study published in the journal, Nature. And it may simply…
Small beer? Bank fines and the culture they punish.
Steve James
The biggest open secret in the financial world has been confirmed. Regulators in the UK, the US and Switzerland have announced massive fines for some of the world’s largest banks for a manipulation of…
Yes I definitely do want a receipt for this transaction.
Andrew Matthews/PA Wire
Regulators in the UK and US are fining five high street banks for attempting to manipulate foreign exchange rates. Together they have been told to pay £2 billion in compensation following a year-long investigation…
While Edinburgh and London wrestle over the future of the pound, it has has been sinking. The slide (especially against the US dollar) is widely seen as a knee-jerk reaction to the possibility of Scotland…
Can Draghi the gambler feel Europe’s pulse?
Dennis Skley
The European Central Bank’s decision to cut its interest rates further showed that the zero rate rubicon holds no fear, while one substantial bullet was kept in the barrel. It is a useful marker for markets…
In the eye of the beholders, dollar dominance rules.
http://www.welovecostarica.com/watching/
In imploring the world to be less dependent on the US dollar for international transactions, French finance minister Michel Sapin is expressing a wish that many of the euro’s creators hoped would already…
Too tangible. (Keyrings, not currency)
BTC Keychain
A turbulent last few months have seen numerous pieces announcing the end of Bitcoin, its imminent collapse, or the bursting of the bubble. Commentators are missing the point: the key to Bitcoin’s surprising…
ASIC warns: forex currency trading requires a high degree of skill, and consumers should be aware of the risks and potential for loss.
Image of finance chart with sell/buy dice from www.shutterstock.com
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…