For decades, the US Dollar has been the backbone of the world’s reserve currency system. The relative strength and stability of the US economy has kept the Dollar dominant despite the rising strength of other currencies. We look at the history of how the greenback has become the global currency standard. The birth of the […]
Technology is moving at warp-speed and many businesses are having to play catch-up. One of the most affected industries has been the financial services and banking sector. We look at a few ways banking has changed – for the better. Say goodbye to queues Remember the days of spending your lunch break in bank queues? […]
You’ve spoken to them on the phone, exchanged countless emails and trusted them to give you the best exchange deal on your hard-earned money. Now it’s time to get to know some of the people who work on 1st Contact’s forex team. Tatym Gradwell: Client Relations Consultant What might someone be surprised to know about […]
As more and more companies provide online services, it’s no surprise that an increasing number of people are falling victim to cybercrimes each year. If you’re going to be transacting on the World Wide Web, there are a few online security precautions you should consider taking. Online banking and financial services apps are on the […]
Traditional banks are often thought of as the only option for transferring money overseas. But independent foreign exchange providers can often provide better rates, lower fees and faster service. The familiarity of dealing with a bank may provide a sense of security, but it doesn’t necessarily mean that it’s the best choice for international money […]
Whichever side you sit on, you will have differing opinions on what will happen to the UK economy following the EU referendum on 23 June. However, one thing is almost certain if the UK were to make a European exit: The Pound is expected to fall sharply. This would mainly be due to the economic […]
If you’ve been bitten by the travel bug and are looking to book your next getaway, it’s always best to start planning sooner rather than later. If you’re travelling from the UK, you’ll be happy to know that the strong Pound means that many destinations are getting cheaper to visit. If you’re keen to get […]
Whether you’re emigrating or just preparing to go on a holiday, having a plan to get your money overseas is vital. After working in the forex business for almost seven years I’ve picked up a few tricks along the way. Read on to find out what they are. Business trips and holidays Things have certainly […]
Whether you’re immigrating, investing offshore or sending a gift to a loved one, we can convert and transfer your Rands faster and cheaper than any South African bank. Read on to find out why we’re the leading money transfer service in South Africa. We know South Africa As one of the first independent forex agents in […]
Over the past four months the strengthening of the Australian Dollar against major global currencies has exceeded the expectations of most analysts. During mid-April the AUD hit 22 month highs against both the GBP and USD. However, recent inflation data released by the Australian Bureau of Statistics (ABS) has forced many to question whether the bull-run […]
The AUD built on the gains made against the Pound from previous weeks. Traders needing to buy GBP on 14 April would have done so at a year high rate of 0.541. This represents a gain of close to 20% from the year low in early September. A number of analyst’s attributed the continued weakening of […]
Importers breathed a sigh of relief this week as the AUD continued to strengthen against all major currencies. Trading last week saw the AUD reach a six month high against the USD as the Aussie Dollar broke through the 0.750 mark. The jump saw businesses making AUD – USD payments pay 10% less than they […]
The problem with banks Money transfer services offered by the banks are time-consuming and expensive. Banks charge a premium for international transfers because they are not a key service and require more work than domestic payments. The rates offered by banks are “interbank rates”. These are the rates at which the banks trade and are […]
Amidst all the recent currency fluctuations and market doomsday predictions our team at 1st Contact Forex have put together an infographic showing you exactly how much bang, or more accurately, beer, you can get for your buck. It’s good to know that during stints of forex volatility and economic turmoil, you can always rely on […]
Due to “systematic contraventions of Australia’s anti-money laundering and counter terrorism financing laws”, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has issued a £167,389 fine – its largest to date.
From 1 December 2014, anyone holding a valid visa or residence permit for Australia, New Zealand, the United States or Canada will be exempt from obtaining a transit visa when passing through the UK.
With Freelancers’ Day fast approaching, we thought it would be the ideal time to offer tips and advice for those IT workers considering moving over into self-employment. Here are our top tips for making a success of your IT contracting career.
Did you know that you can receive up to £4,250 per annum in tax-free income by renting out a furnished room in your home?
So your time in the UK has come to an end and you’ve decided to pack your belongings and move back home. These three tips will take you safely home with money to spare.
With so many South Africans abroad, transferring money back to South Africa is a common practice. International money transfer companies have carved a nice niche in this arena, offering exchange rates that, in many cases, beat the banks. So why is it that most South Africans still use banks as their first point of call when transferring […]