Expat Exchange Rates News

Latest 10 news items tagged Exchange Rates

18 May at 6 PM 2017

How Brexit will affect finances for Brits overseas

With so much uncertainty as regards the Brexit effect on freedom to live and work in the EU, a shift of expat focus to the financial consequences of a hard deal can at least help with contingency plans. Basically, the major effect on expat finances is certain to be the fate of sterling once Brexit becomes an uncomfortable reality. If you’re planning to return to the UK, exchange rates will make no difference to your monthly state pension, but if you’re determined to stick it out in Europe by whatever means necessary or are...
12 May at 6 PM 2017

Expat tips for saving money whilst working overseas

Many would-be expats accept overseas positions as it gives a sufficiently increased salary to be able to save money during the term of the contract. One of the best reasons for moving to an overseas job on a fixed term contract is the opportunity to save a good deal of money due to an increased salary and benefits such as paid accommodation and schooling for your children. Many expat professionals return home with a substantial increase in their bank balance, but many more get caught up in a lavishly luxurious lifestyle, thus wasting...
11 May at 6 PM 2017

Foreign finances and FATCA for US expats

American expats are far moré likely to up sticks and move between various international destinations than other nationalities, but managing finances can be tricky, especially where taxation is concerned. The result of this constant sampling of new destinations can result in a variety of bank accounts in different countries and currencies, causing headaches when it’s time for the annual tax return. The introduction of the dreaded FATCA has made it even more difficult, as an unintended mistake can result in horrendous fines. However...
1 May at 6 PM 2017

Alternatives to pension plans for disenchanted expat investors

Times are changing as regards planning for retirement, with actual pension plans beginning to lose their popularity due to government-initiated rule changes and media exposure of unsuitable products and even scams. DIY investment is a scary thought for many expat retirees, mostly due to its jargons and the need to study before taking major plunges. However, retirement doesn’t have to mean brain death, and researching into investment possibilities can be far more interesting than learning a new language. The added bonuses are saving...
25 Apr at 6 PM 2017

How to avoid common expat financial mistakes

Wherever in the world you’re planning to go and whatever your financial status, there are common money-related mistakes made by almost all expats when they move overseas. Obvious financial must-haves and must-do’s aren’t included here, as most expats are aware of the need to save as well as spend, plan for retirement and allow for unlooked for medical emergencies by having private insurance. Unfortunately, ignoring the less obvious errors of judgement can easily lead to money problems for even the most careful expatriate....
24 Apr at 6 PM 2017

Boarding schools versus international schools for expat children in UAE

Gone are the days when almost all expat professionals working in the UAE sent their children to overseas boarding schools, but are the emirate’s international schools a better and cheaper option? Although boarding schools are no longer a necessity for expat parents wanting the best education for their kids, it’s a fact that one attraction of an overseas education is the freedom it gives to its students and their parents compared with the restrictions of living in the UAE. Surprisingly, a UK boarding school education can also give...
27 Mar at 6 PM 2017

Newbie expat mistakes and how to correct them

Moving overseas is a stressful experience, whatever your reason for leaving the home country, but avoiding the headaches caused by obvious mistakes isn’t as hard as it may seem. In the rush to make sure you, your family if applicable and even the dog arrive safely in your new country, it’s easy to put off or even forget essential tasks which will make your life easier after you arrive and even ensure your eventual return will be trouble-free. Most of the tips here involve money and the ease of your access to it, a subject which...
9 Mar at 6 PM 2017

Avoiding financial worries as an expat in Singapore

Managing money as a newly arrived expat in Singapore has its inevitable pitfalls, but it’s easy to find ways around just about every aspect of budget control. Singapore is one of the world’s most popular expat hubs, and is also one of the most expensive as regards maintaining a comfortable lifestyle, whatever your salary level. The old advice of 'save the pennies and the pounds will take care of themselves' is a good way to start, and comes with the added bonus of feeling smug. Most money worries suffered by expats in...
14 Feb at 6 PM 2017

Spain concentrating on wealthy investors to replace UK expats

Serious concerns about their post-Brexit positions in Spain are forcing an increasing number of UK expats to sell their homes and relocate. The double whammy of Brexit and the falling sterling exchange rate is resulting in many UK expats being forced to give up their chosen lifestyles and sell their Spanish homes. Since the referendum result was announced, rreal estate agents have enjoyed a bonanza, with sales in Malaga up by 16.5 per cent and record numbers of completed transactions on the Costa del Sol. Driving the rush to...
10 Feb at 6 PM 2017

Financial mistakes to avoid when emigrating

Moving overseas, whether it’s for a new job or retirement, is challenging at best and terrifying at worst, but care and common sense can make sure financial errors don’t ruin the entire experience. The majority of those intending to stay overseas for a good while are stuck with the necessity of packing and shipping their personal belongings.The obvious way out of this stressful do-it-yourself trap is to use a professional company which takes care of everything on a door-to-door basis, even although the service isn’t cheap....