Expat Exchange Rates News

Latest 10 news items tagged Exchange Rates

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...
11 Feb at 6 PM 2019

Millionaire expats buying into Algarve resorts

British retirees planning to emigrate to Portugal are sitting on their hands rather than snapping up properties. Real estate agents along Portugal’s Algarve coastline are losing British expat buyers due to Brexit-led uncertainty about sterling’s value. However, the lull in done deals seems only to be affecting reasonably-priced properties under 500,000 euros, whilst luxury pool villas set in small estates are still finding buyers who can afford to ignore the poor exchange rate. In spite of Brexit, Portugal in general and the...
17 Jan at 6 PM 2019

Brit expats in Spain optimistic for second referendum

Following Tuesday’s shock parliamentary vote, British expats in Spain are hoping against hope for a second referendum. Spain is the all-time favourite for British expats fleeing the UK’s unreliable weather and its less than satisfactory quality of life for ordinary people, with those who’ve retired to the sun first in line for the devastation of a no-deal or hard Brexit. Predictions of the damage either option will do to the UK economy may or may not be accurate but would take some time to become apparent to the bulk of the...
31 Dec at 6 PM 2018

Expats in UK living more cheaply due to Brexit

According to a new study, expatriates living and working in the UK are getting more for their money due to Brexit. London is now one of Europe’s cheapest capital cities for expats receiving their pay in euros, due to the Brexit effect on the value of the pound sterling. It’s also a bargain destination for tourists. Formerly, London’s bad reputation for being one of the costliest world capitals for relocating expats caused international corporations to calculate carefully before deciding on reassignments from outside the UK,...
13 Dec at 6 PM 2018

Expats in UAE taking advantage of sterling falls

It seems Brexit isn’t bad news for everyone, as expat professionals in the UAE are repatriating cash at great rates. As the pound sterling continues its path downwards, expatriates working in the UAE are laughing all the way to their UK banks as they remit currency at the best rates seen since the 2008 financial crash. Even so, they’re now in a dilemma – whether to wait until the pound crashes still further or send money home using today’s attractive exchange rates. One insurance broker is holding off as he’s convinced...