Expat Exchange Rates News

Latest 10 news items tagged Exchange Rates

10 Dec at 6 PM 2019

Brit expats in Shanghai hold debate over election and Brexit

A debate held by a group of British expatriates living and working in Shanghai reinforced the strength of feeling held by UK citizens overseas. Brexit is still of critical importance to British expats in China, even although they’re many thousands of miles away from home. Last Sunday’s debate in Shanghai was dominated by this week’s election and its possible effect should Johnson remain as Prime Minister and Brexit become a reality. The debate took place at one of British expats’ favourite bars, with five speakers...
7 Dec at 6 PM 2019

Expat parents overseas saving money on UK private education due to sterling fall

Whilst British expat retirees on state pensions are struggling to deal with the drop in purchasing power caused by the plunging pound, expat parents with generous salaries in dollars or yen can buy cut-price British private education. British private boarding schools are regarded as the world class gold standard for education, as are the top British universities, with parents all over the world competing for places. Given that sterling is now at a 34-year low, expat and overseas parents are now able to afford to send their kids to the...
6 Dec at 6 PM 2019

Brit expats fearing further sterling falls if election brings hung parliament

British expats living overseas could see yet another sterling crash if a hung parliament is the result of the upcoming general election. UK expats living on their state pensions in Europe and other favourite retirement destinations are having a tough time since the pound fell against a basket of other currencies including the Euro, the US dollar and several Asian currencies such as the Thai baht. Any further devaluation of sterling could mean elderly expats are forced to choose between paying rentals, service bills and medical costs...
1 Nov at 6 PM 2019

Shrinking sterling hitting hard on UK state pensioners in Europe

Retired British expatriates living in a wide selection of EU member states have seen their lifestyles reversed due to the effect of Brexit on the sterling exchange rate. The UK state pension and many other occupational pensions are paid in sterling, leaving expat recipients to cut back as best they can during an exchange rate cut. During a meeting of the Lords EU Justice Sub-Committee, retired lawyer Jeremy Morgan QC – an expat himself – pointed out the plight of British expats living in Europe, adding the threat of losing the...
27 Sep at 6 PM 2019

Survey shows Brit expats prefer their lives overseas

A recent survey involving 1,000 British expats suggests nostalgia for the home country has finally faded. Results of a survey launched by an independent financial advisory firm include the fact that more than half of Britons living overseas feel their home country has changed for the worse, with only one third saying they’d return on a permanent basis at some time in the future. For some three- quarters of respondents, living overseas as an expat has had a profound effect on how they see their country of origin, with 44 per cent...
25 Sep at 6 PM 2019

Does the ongoing Brexit chaos affect Brit expats in Thailand?

Without a doubt, Brexit has become a disaster for British expats living anywhere in the EU, but how is it affecting those who chose Southeast Asia as their destination? The political turmoil caused by what was sold to the general public as a non-binding advisory referendum hasn’t just resulted in expat dreams being shattered all across Europe, it’s also hurt UK nationals living, retiring or working in the rest of the world including Southeast Asia. During the past three years, the value of sterling has fallen dramatically,...
19 Sep at 6 PM 2019

Brit pensioners in EU don’t trust government’s three year uprate guarantee

In spite of the UK government's promise, British expats in Europe are still fearful over their state pension uprates. It seems the recent announcement by the then UK Work and Pensions Secretary Amber Rudd that UK state pension uprates would continue to be paid to British retirees in Europe for three years isn’t being regarded by those affected as being set in tablets of stone. As a result, the comparatively short period of time is causing added anxiety amongst British expat pensioners across Europe. Together with the devastating...
16 Sep at 6 PM 2019

Expats in French village terrified over no deal Brexit

Expats in a charming French village are living in fear of a no deal Brexit. British expats make up a quarter of the population of the quaint French village of Gouarec, and are becoming more and more anxious about their futures as the clock winds down to October 31. Their fears are focused on access to French healthcare and their pension entitlements, as well as losing their rights to free movement as many have family and friends back in the UK. As has been the case since the 2016 referendum, they’ve been unable to get concrete...
3 Sep at 6 PM 2019

British expats suffering more every week from crashing pound

As the British parliament reassembles for the fight of its life, expats and holidaymakers get slight relief as sterling temporarily stabilises, albeit at a low rate. Ever since the so-called ‘election’ of Boris Johnson as the UK’s latest prime minister, the slide of the pound against the euro and a host of other currencies has continued amidst doom-laden projections of its final fate after a no-deal Brexit. It seems as if every time Johnson makes yet another upper class-accented statement, more British expatriates get less...
28 Aug at 6 PM 2019

To retire or keep working is the new expat dilemma

If you’re working in the UAE and hoping to retire there, planning your financial future is important. Expats in the emirates are facing a retirement crisis, according to investment professionals. The UAE makes no provision for expat pension schemes or social security, in spite of the fact that a good number of expat professionals would prefer to spend their retirement in a place they now call home. As with the vast majority of developed countries, life in the Gulf States isn’t cheap, with costs of living similar to those in...