Expat Currency News

Latest 10 news items tagged Currency

12 Jul at 6 PM 2019

Expats in Prague warned over deceptive currency exchange offices

Recent reports are warning expats in Prague that local currency exchange offices are not complying with new consumer protection laws. Despite the recent introduction of harsh new consumer protection laws, it seems a number of currency exchange firms are continuing with their deceptive practices in spite of being caught and fined by the Czech National Bank. The new laws were brought in on April 1 following a series of videos uploaded to YouTube by an online reporter exposing the exchange offices’ deceptive practices. The reporter,...
5 Jul at 6 PM 2019

Good mortgage news for expat property buyers in Spain

Spain’s new laws on mortgages are great news for those wishing to purchase property and those who’re already homeowners. Up until now, the popular expat destination’s mortgage laws favoured the banks in a manner which penalised borrowers, but new EU rules intended to align member states’ laws have forced the Spanish government to adjust its position in favour of buyers. One rule in particular is long overdue, as it protects homeowners in temporary financial difficulties from having their homes repossessed as a result of late...
27 Jun at 6 PM 2019

Is Dublin’s rising cost of living discouraging expat arrivals?

This year’s Mercers’ cost of living survey placed Dublin in 43rd place, with the city losing 11 places over last year’s study. As inflation and poor currency exchange rates stalk the expat world, those expatriates using surveys to decide on their next destination are in for a number of shocks. Over the past three years, Dublin had become a favourite for UK refugees from Brexit and the resulting broken economy, but the dramatic fall in the value of sterling and the city’s increasing property rental prices may now be enough to...
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...
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...
22 May at 6 PM 2019

Thailand’s expat housing market hits the skids as unsold units multiply

Thailand’s glitzy capital now has a glut of unsold condo units. As the Thai economy begins to stutter and restrictions on mortgage lending kick in, property developers are being left with falling prices and just 55 per cent in take-up rates. Real estate agencies in the city as well as developers seem to have been caught unawares by a lack of buyers due to world instability and bad press as regards the Kingdom’s view of foreigners and expats in general. In addition, the Chinese investors who’ve contributed to the previous...
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...
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...
15 Apr at 6 PM 2019

Planning your financial needs after expatriation

Managing money as an expat can be totally different than the same task back in the home country. More than ever before, emigration is now the goal of professionals looking to catapult their careers into the top echelon with financial benefits to match. In addition, digital nomads are indulging their dream of travelling the world, using their online expertise to pay the bills as they go. Even retirees are now choosing far-flung destinations with cheaper costs of living and far better weather than at home. All three expat categories...
11 Apr at 6 PM 2019

British expat pensioners in Europe need relief from sterling devaluation

One of the worst aspects of Brexit for British expats living in the EU is the devaluation of sterling. Expatriate Brits living on the measly UK state pension in European Union member states haven’t just had to deal with the fear and uncertainty of losing their chosen lifestyles due to Brexit, they’ve also had to scrimp even more due to the referendum’s effect on sterling’s value against the euro. Europe’s forcing Theresa May to accept a longer delay may cause a relief rally for the pound, but how long this will continue is...