Whether you need to send money home to loved ones, pay off debt, buy a new home, repatriate your funds or invest overseas, it pays to choose a great forex broker. Here are four qualities to look out for.
The Rand devalued severely last week, dropping to a new four-year low amid concerns about the health of the South African economy.
If you guessed that the banks are the cheapest way to transfer money from the UK to Australia or South Africa (or anywhere else for that matter) you’d be wrong.
Banks are not the only option for Foreign exchange and international remittance. Most consumers don’t know this. Ironically the high street banks know that most consumers don’t know this, which all causes a very strange economical phenomenon: Banks hold a façade monopoly position in the Foreign exchange and remittance markets, whereby they continue to offer sub-standard service at exorbitant prices to an unknowing public.
You’re finally going on that travel holiday you’ve always dreamed of. But with the tickets booked and the itinerary planned, it’s time to give serious thought to the practical details – for example, how will you be carrying your travel money?
Start planning your travel money now. If you’re a South African living in the UK and looking forward to heading back to SA for some sunshine and family time over the December holidays, you’re probably already calculating how much you’ll have to spend on all that delectable seafood and steak, the sugar cones, mojitos and [...]
Forums and chat sites frequented by Expats are constantly littered with questions like: “How do I send money home?” Absurdly, most of the advice received sends the questioner to the bank – probably the most expensive and inconvenient way to transfer money overseas!
It’s no surprise that the economic pressure facing Britain has taken its toll on the Pound. Ernst Janse van Rensburg, manager of 1st Contact’s expert Forex division predicted some months ago that the Pound would indeed weaken and the Rand would be set to strengthen, which certainly is now the case.
According to expert Forex consultancy, 1st Contact, a multitude of foreign exchange and money transfer companies are guilty of making false claims that lure unsuspecting consumers into misleading territory. These misleading claims have been seen in the advertisements of various Forex companies that promise ‘inter bank’ exchange rates to individuals that are simply impossible to [...]
There is no doubt Britain has been a casualty in the current financial crisis with the weaker pound under immense pressure. While speculation is difficult and always risky for the analyst, expert Forex firm, 1st Contact’s Ernst van Rensburg says there are possible trends one can identify for the foreseeable future.
It does seem these days that we want everything now, or even yesterday.So, why can’t we wait? Patience is a virtue, right? Okay, now try telling that to someone running late to meet a friend when their train has been delayed! The thing is, in the modern world where we live, gratification needs to be [...]
Despite the economic peril that has flooded the UK’s financial markets, and with Christmas festivities around the corner, expert financial services and migration group, 1st Contact, offers some tips and tricks to curb the bitter aftermath brought upon by a waning economy over the festive season.