Expat Currency News

Latest 10 news items tagged Currency

11 Sep at 6 PM 2017

Gulf State slowdowns affecting real estate sales

Dubai as a must-have for expat professionals might now be more affordable as its property market stalls. As economies in the Gulf States slow down, house prices and rentals are becoming more affordable for expats. Dubai’s developers are hoping to encourage incomers to invest in pre-sales in order to offset the fall in oil prices and currency problems. Standard and Poor’s earlier projection that Dubai rents and real estate priced would continue to fall over the whole of 2017 seems to have been accurate, giving expats the chance to...
8 Sep at 6 PM 2017

US expats heading to Ecuador for retirement

As it becomes increasingly difficult to fund an enjoyable retirement in the USA on the average pension or social security payment, older would-be expats are looking to exotic yet affordable locations such as Ecuador. Many are finding they can enjoy luxuries as well as plan a comfortable budget for necessities, and there’s lots to see and do in this rapidly developing country. Ecuador is a small country set on South America’s northwest coast, with its citizens enjoying a relaxed pace of life unknown to almost anyone living in...
28 Aug at 6 PM 2017

Woes increase for expats in Spain as pound hits new low

Sterling is still falling against the euro, with last week’s drop marking a fresh eight-year low. Expats living in Spain and depending on the ungenerous UK state pension have been hit by the currency’s latest fall against the euro. The official rate is now just €1.08, having fallen by over 15 per cent since last June’s referendum result. British holidaymakers heading to Europe are being quoted just 87 cents per pound at British regional airports’ Moneycorp exchange booths – the lowest rate since the 2008 financial...
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...