Expat Currency News

Latest 10 news items tagged Currency

10 Aug at 6 PM 2017

What makes a successful expat

Personality traits are all-important to our view of life, with the qualities needed to make a success of the expat life not always the most obvious. Since humans first stood on two legs and found a comfortable cave for shelter, the need to broaden our horizons has ensured the race’s spread throughout the entire world. Curiosity and fascination with what’s over the next hill has resulted in many different races, and the feeling is still alive, especially in those planning to become expats. The comparatively new trend of living,...
10 Aug at 6 PM 2017

Stay or Go is UK retiree dilemma

EU member states and Spain in particular are still on the retirement agenda for UK would-be expats. Britons coming up on retirement are still favouring European destinations in spite of the uncertainty surrounding the final outcome of the Brexit negotiations. A recent survey has revealed one in every 10 UK citizens over 50 years of age is still considering retiring abroad, with Spain topping the favourites list again. As usual, reasons for leaving include the British weather, a more relaxed lifestyle and cheaper costs of living....
9 Aug at 6 PM 2017

UK expat retirees urged to do homework before emigrating

Spain’s position as an all-time favourite retirement haven for older Brits seeking sunshine and sangria is still unrivalled, but France, Italy, Portugal and Far East destinations such as the Philippines and Thailand are still getting attention. A recent survey of Britons approaching retirement has revealed the main attractions of quitting the UK are better weather, a cheaper cost of living and a more relaxed lifestyle. In the initial excitement of planning a new life in an unfamiliar new country, it’s easy to forget realties such...
8 Aug at 6 PM 2017

Expat international money transfers made easy

Wherever you’re working as an expat and however much you’re earning, you might need to transfer money back home. If you’re working overseas and supporting your family back in the home country, you’ll need to be able to make regular transfers without their costing you a fortune. The same goes for mortgage payments and savings accounts in your own currency. Currency transfer is very big business for international banks, with transfers from overseas to the UK totalling around a massive four billion sterling in 2015, much of which...
8 Aug at 6 PM 2017

Pension scams still a major concern for elderly expats

A new report reveals some five million older Britons have been approached by pension scammers, with one in every six handing over money. The shocking report, based on a survey issued by AgeUK, refers to UK-resident victims of fraudulent IFAs and so-called pension advisors, but its findings are equally relevant for UK expats living outside Britain. For almost two decades, stories of huge losses caused by mis-selling or deliberate financial fraud have surfaced wherever there’s a sizeable UK expat community. The culprits use the same...
24 Jul at 6 PM 2017

Discovering Cambodia as an expat retirement hub

Cambodia is becoming increasingly popular with would-be expats from Western countries who’ve turned their backs on the chaos, confusion and political problems back home. Starting a new life in Cambodia is an adventure that’s proving more and more attractive to expats looking for a total change of scene. At the present time, visa requirements are straightforward and expats can work or volunteer without risking being deported. The country itself is a fascinating mix of modern amenities in its capital Phnom Penh and more traditional...
18 Jul at 6 PM 2017

Country cost comparisons for thrifty expats

Given the vast number of surveys citing various costs of living in countries across the globe, expats should find it easy to decide which countries match their financial situations. For would-be expats, the cost of living in their preferred destination is perhaps the most important aspect of planning a life overseas. Whatever the financial situation, monthly expenses and the cost of setting up are crucial to the choice, with less expensive countries allowing a few luxuries as well as necessities. Costs are, of course, relative to...
10 Jul at 6 PM 2017

Should expat investors in EU properties stay positive

Even although it’s not at all clear how Brexit will finally affect UK citizens living in Europe, many Britons still planning to buy holiday homes are focusing on the effect of the UK’s divorce on foreign property prices. Those who purchased homes in European countries prior to the referendum have already made a profit on paper due to the collapse of sterling after the Brexit result was announced, and may yet make more if a hard Brexit becomes reality. For those hoping to buy in the near future, a holiday home in the sun may well...
5 Jul at 6 PM 2017

Dubai school fees forcing expats into cheaper homes

Summer in the UAE traditionally sees large numbers of expats packing up and relocating, with soaring school fees helping to make the decision either to leave or move to a smaller rental property. The already high cost of Dubai’s international school education for expat children is about to increase still further due to the government’s permission raising fees for the next school year by 4.8 per cent, resulting in expat schooling costs since the 2011/2012 school year soaring by around 30 per cent. Although expats in the UAE receive...
3 Jul at 6 PM 2017

Buying expat property in Cyprus

Popular for decades with British expats, the island of Cyprus is known as the Jewel of the Mediterranean for its sunny weather, long history, friendly locals and glorious scenery. A former British colony, Cyprus offers a good life for retirees including reasonable accommodation costs, more than adequate healthcare and a laid-back lifestyle. It’s now recovered from the EU-instigated financial meltdown during the 2008 financial crisis although, sadly, a number of expat residents lost their savings as a result. The cost of living and...