Expat Exchange Rates News

Latest 10 news items tagged Exchange Rates

20 Jun at 6 PM 2019

British expats strongly concerned over a Johnson victory

British expats are beginning to worry about the possibility of a Johnson victory. As Britain’s Conservative Party continues to dig its own grave, the fight to be the next Prime Minister is causing expat concern. Should Boris Johnson prove pundits and bookies right, the effect on sterling as well as on the economy may well reverberate in expat havens across the world as well as clobbering the financial world’s stock and commodity markets and causing share prices to plunge. Financial experts are warning over Johnson’s no-deal...
17 Jun at 6 PM 2019

British expats warned over Johnson PM effect on sterling and investments

UK financiers are warning a victory for Boris Johnson will result in plunging sterling exchange rates and a massive loss in investor confidence. Should the controversial candidate win his battle for leadership of the Conservative party and the PM job, a general election would follow no later than May 2002, with bookies predicting a landside triumph likely to wipe out the Labour party as well as its leader Jeremy Corbyn. Worse still, even before a general election could be called, Johnson’s promise to yank the UK out of the EU on 31...
7 Jun at 6 PM 2019

Financial pundit deepens expat fears of a Johnson victory

British expats in Spain will face the threat of further sterling devaluation should Boris Johnson become the UK’s next PM. The possibility of the controversial politician’s triumph in the race to become Britain’s Prime Minister has raised alarms amongst Spain’s British expatriate community, with many already forced to tighten their belts due to the fall in the pound’s value since June 2016. In an advertorial poorly camouflaged as an article, the head of one of the UK’s financial groups well known for its often unwelcome...
30 May at 6 PM 2019

Survey bucks the trend as regards best Asian lands for expat retirees

A recently released survey of Asian retirement destinations is bucking the current trend by placing Chiang Mai in its top ten choices. The US-based survey takes into account medical care, the cost of living and the weather, ignoring the more important aspect of visas as well as transportation, the cost of housing and the likelihood of political instability. Noting that Chiang Mai has been a focus for expat retirees for several decades for its distinct culture, rich history and great weather, it fails to take into account that living a...
21 May at 6 PM 2019

UK expat retirees hit hard by sterling volatility

British expat retirees in Europe have lost 14 per cent of their pensions’ purchasing power since the Brexit referendum. A report from a technology service handling more than 6,000 regular monthly payments to UK pensioners living in EU member states has revealed British expat retirees’ costs of living have risen by 14 per cent due to currency volatility. In comparison, the rate of inflation in the UK over the same time period is seven per cent. In addition to sterling’s Brexit-induced instability, the USA’s trade war with China...
15 May at 6 PM 2019

Famed Buddhist scholar turned politician gives talk to expats’ club in Thailand

Members of the popular Pattaya resort’s Expat Club were treated to a fascinating talk on Thailand’s political and cultural history as well as the country’s possible future. Presented by Mano Laohavanich MD PhD, the speaker at last Sunday’s Expats’ Club meeting, the talk centred on the country’s political history from 1238 a.d. to the present day, including the recent election. He also offered his personal insight into the country’s direction in the future, touching on its effect on tourism, expat life and the Thai people...
24 Apr at 6 PM 2019

Expats on reassignment need more community-based perks

As purse strings tighten in a good number of expatriate professional destinations worldwide, questions are being asked about the suitability of various relocation support programmes. As currency exchange rates and soaring inflation hit out at expats’ expenses in many popular destinations, questions are being asked about the need for certain aspects of relocation packages. One good example of the detrimental effects of rising costs of living on expats’ quality of life is Hong Kong, still one of the world’s favourites with...
27 Mar at 6 PM 2019

Catch these cheap expat destinations before it’s too late

As the global expat community soars, it’s inevitable that costs of living will rise, even in the most economical destinations. Not everyone who leaves the home country for a future overseas has a generous salary plus perks or a gold-plated pension, with many of the world’s best-loved retirement destinations also some of the least expensive as regards costs of living and housing. It should be borne in mind that pensions paid in home country currency might be affected by the ups and downs of the currency exchange marketplace, but...
15 Feb at 6 PM 2019

What next for Spain’s expat real estate market?

Traditionally a favourite for British expat retirees, Spain and its real estate market are caught between currency exchange rate instability and a lack of Brit expat buyers due to Brexit uncertainty. Following the 2008 financial crisis, Spain’s formerly successful property market slumped to a low point from which it had barely recovered when the Brexit referendum moved its goalposts yet again. Although house prices had staged a positive recovery, they’re still below those considered normal before the financial meltdown. One major...
13 Feb at 6 PM 2019

Top ten most expensive Asian destinations now include three Thai cities

The top ten most expensive Asian cities now include Bangkok, Pattaya and Chiang Mai. Cost of living surveys are popular with would-be expatriates as they give a benchmark for wage or pension levels, with several developing countries in Southeast Asia considered to be a cheaper option than many other world destinations. However, a shock result in Numbeo’s January 2019 Cost of Living Index revealed Bangkok, Chiang Mai and Pattaya as being in the list of the ten most expensive ASEAN cities. Numbeo ranks world cities according to a...