Expat Exchange Rates News

Latest 10 news items tagged Exchange Rates

27 Jun at 6 PM 2016

UK expats in Thailand worried about Brexit reverberations

As the value of sterling shrinks due to the disastrous and unexpected result of the Brexit referendum, expats living in the southeast Asian retirement hub as well as visitors are expressing their concern. According to Thailand’s popular English language newspaper Bangkok Post, it’s not just British expats living, retiring and working in Thailand who are concerned about the effects of the Leave win. British tourists are also worried about the increased cost of holidays and the economic instability caused by the exchange rate. At...
14 Jun at 6 PM 2016

Brexit currency fluctuation scares dont work on expats in Cyprus

With the remain/leave debate accelerating by the hour, the latest attempt by the Remain campaign has been to focus on the falling value of post Brexit sterling. Whichever group is putting itself forward at any one point in time, one thing they both agree on is that the value of sterling will take a significant hit should the UK vote to leave the EU. Expats living across most of the 28 EU member states also realise this, and are able to work out the ramifications themselves. Let’s face it, they’ve been through enough exchange rate...
7 Jun at 6 PM 2016

EU expats desert Spain due to overseas assets tax changes

Whilst many British expats living in Spain are experiencing nervous breakdowns over the possibility of a Brexit, others who’ve already left are overjoyed they don’t have to deal with Spain’s new tax laws covering overseas assets. Estimates of the number of EU and British expats who took their money elsewhere rather than be taxed on their overseas assets are now in the high thousands. The tax changes in 2015 have also resulted in a strong decline in the number of new expat arrivals. The new rules, originally aimed at Spanish...
26 May at 6 PM 2016

Result of latest Brexit Poll sends sterling exchange rate soaring

Tuesday’s Brexit poll result is bringing good news to expats living in EU member states due to its positive effect on sterling exchange rates. Expats living in favourite European retirement havens are happy to receive positive news on two fronts this week. Results of a new Brexit poll by ORB Telegraph revealed the Remain campaign is now ahead by a full 13 points, with the immediate effect that sterling rose against the Euro to 1.32 to the pound.It’s especially good news for retirees on UK state pensions, the real value of which...
24 May at 6 PM 2016

Survey shows majority of expats in Europe wish to remain EU citizens

According to research carried out by a major website aimed at UK expats, the vast majority of UK citizens living in EU countries are in favour of Britain’s staying put in the EU. The survey, carried out with a representative sample of expats in Europe, showed that 71 per cent are committed to staying in the EU. Just 23 per cent are intending to vote to leave the union, with six percent unable to make up their minds as yet. The survey, conducted by global expat network AngloInfo, demonstrated that in spite of non-stop campaigning by...
11 May at 6 PM 2016

Spanish property market facing challenges in 2016

Although demand for Spanish property has increased recently due to improved mortgage rates and low real estate prices, the Spanish real estate market is under threat in 2016 from Brexit, currency turmoil and new Andalusian holiday let laws. A recent survey reports strong expat demand for Spanish property originating mostly from the UK, Germany and Scandinavia, along with market activity from other northerly countries. However, as Brexit approaches, there’s increased nervousness about the outcome, with fears of the UK leaving the...
22 Apr at 6 PM 2016

Study shows majority of EU based expats have Brexit fears

A recent study has revealed that two thirds of UK expats living in European Union countries are concerned that Britain’s leaving the EU would have significant negative effects on their lives. The poll, carried out on behalf of an investment and financial advisory company, involved expatriates in France, Spain, Italy, Hungary, the Czech Republic and Germany. Just over two-thirds of respondents admitted they were anxious about the outcome Brexit, with 24 per cent unconcerned and eight per cent saying they did not know. According to...
12 Apr at 6 PM 2016

UK retirees still prefer European destinations for their golden years

Despite increasing fears that the upcoming Brexit referendum will wreck their long-held plans, UK retirees are still planning to head to favourite European destinations to enjoy their golden years. A recent survey showed that one in every ten respondents were intending to use their pension savings to retire overseas. The poll involved 1,000 UK citizens between the ages of 50 to 70 years, with the coastal continental European destinations topping out as the chosen favourites for 68 per cent of those who took part. The most popular...
30 Mar at 6 PM 2016

Currency exchange roller coaster hitting Brit expats in Europe

British pensioners who’ve moved to other EU member states over the past ten years have seen currency rates shave 11 per cent off their income. Fluctuating exchange rates since 2006 have reduced the actual value in euros of British pensions by 11 per cent, according to pension provider companies. Combined with a rise in the cost of living across the Eurozone and a major fall in property values, it’s bad news for expats who planned a comfortable retirement overseas. The latest fall in the value of the British pound is the result...
29 Mar at 6 PM 2016

Brexit bewilderment causing expat panic in paradise

As the Brexit debate rages on, an exodus of British expats at present living in Europe is being touted as the likely result. Concern is growing in British expat communities across Europe, fuelled by an almost total lack of hard information about the consequences of Britain’s leaving the European Union. Speculation and rumours about the loss of free healthcare, the introduction of frozen state pensions, the right to study overseas, higher taxes and a falling exchange rate are sowing panic amongst long-established communities of...