Expat Exchange Rates News

Latest 10 news items tagged Exchange Rates

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...
17 Jul at 6 PM 2017

British expats in Alicante not bothered by Brexit

In contrast with a number of media reports to the contrary, Brit expats living in Alicante seem to be not at all bothered by the possible outcome of Britain’s divorce from the EU. According to the Madrid-based National Institute of Statistics, Alicante is home to Spain’s largest British expat community, at present holding some 73,000 mostly retired Britons living the sunshine life. Ever since the referendum result was announced, media reports have centred on the concern felt by UK expatriates in Europe as to Brexit’s effects on...
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...
22 Jun at 6 PM 2017

Shifting global economy good news for expat living

The oil price crash combined with increasing global nationalism over the past year has caused the global economy to shift, thus decreasing the cost of living in London and other expensive expat destinations. As a result of the global changes, the latest survey of the world’s most expensive cities has produced some surprising results indicating dramatic cuts to the cost of living in London and other major world cities. In the majority of cases, the values of local currencies have tanked against foreign currency rates, with expats...
20 Jun at 6 PM 2017

Brexit impact on expat property owners

Brexit negotiations are now underway, but a lack of first-hand information on the UK government’s position is weighing heavily on UK expat property owners in EU member states. Divorce talks between the UK and the EU are now ongoing, with Brexit Secretary David Davis stating the UK is seeking a ‘deal like no other in history’ – whatever that may mean. The plight of EU and UK expats is expected to be top of the agenda, but the effect of Brexit, whether hard, soft or somewhere in between is anyone’s guess. Fear of the unknown...
9 Jun at 6 PM 2017

Study shows UK expat professionals happy to stay overseas

A recent study has revealed only one in every 10 British expats living overseas has any serious intention of returning to the home country. The survey’s results showed the majority of expatriate Britons had made the decision to leave due to relocation by their company or the desire to start a business overseas. No mention was made of the hundreds of thousands of retirees who left for a better quality of life in a warmer country, very few of whom, it would seem, have any intention of returning to a post-Brexit world. Respondents...
8 Jun at 6 PM 2017

Plunging pound helps reduce EU expat living costs

The UK’s cost of living for EU and other expats drawing in money from foreign accounts has fallen dramatically since the Brexit referendum. A new global cost of living survey has seen the plunging pound sterling bringing benefits for expatriates paid in foreign currencies. UK cities are now the cheapest as regards the cost of everyday living for ten years or more, dropping to 68 places lower in the global survey. Formerly placed high in the listings of the top 100 most expensive cities, London’s ranking of 132nd is an all-time low,...
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...