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1 EUR = 10.1571 HKD

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Articles & Guides Money, Currency

Articles & Guides Money, Currency

Sterling Outlook - What's Influencing Forex Movements in the UK?

The honeymoon period with the new Conservative government is over.

Sterling enjoyed a brief rally this summer, with a 2% rise against a basket of currencies of the UK’s major trading partners and rose around 9 cents to hover just below the USD $1.60 mark.Sterling has managed to perform relatively well because of the inherent weaknesses of other economies; the Euro was held back (the Greek economic crisis) and the US dollar has been suffering against every other major economy in the world as it struggles to shake itself out of the effects of recession.Now...


National Statistics Office Reports 10% Drop in Overseas Holidaymakers Spending

The UK National Statistics Office has reported that overseas spending by British holiday makers has dropped by 10%. However, at the same time, spending in the UK by foreign tourists has increased by 4%.


Foreign Exchange Services for UK Businesses Overseas

The UK was once regarded as the “workshop of the world”, and exports still account for a substantial portion of UK manufacturing and commercial activities today.


Dealing with Foreign Exchange Risk

Transacting business overseas is a valuable commercial hedge against adverse market conditions at home as well as a mean of providing highly profitable opportunities to generate business growth.


UK Travel Money and Currency Exchange Options

Shop Around for Best Value Currency Exchange When Leaving the UK


Disclaimer: Currency Converter uses rates from various sources including central banks reference rates. The currency exchange rates shown are indicative rates.
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1 GBP = 1.221 EUR
1.469 CHF - Swiss Franc
1.542 AUD - Australian Dollar
1.599 USD - U.S. Dollar
12.406 HKD - Hong Kong Dollar
1.581 CAD - Canadian Dollar
12.53 ZAR - South African Rand
2 SGD - Singapore Dollar
1.551 USD - U.S. Dollar
12.048 HKD - Hong Kong Dollar

Life For Rent: Pakistan beat Zimbabwe by 20 runs to record their first 2015 World Cup win and climb off the bottom of Pool B table

Pakistan won the toss, decided to bat, and recorded 235-7 in their innings Zimbabwe captain Elton Chigumbura suffered a suspected quadricep tear while fielding but managed to bat despite his injury  Despite coming close, thanks to a heroic effort from Chigumbura at the end of the innings, Zimbabwe could not reach the total  Zimbabwe were bowled out for 215, and Pakistan recorded their first win of the 2015 World Cup to move off the bottom of Pool B  ...


GBPUSD ? Sterling New Year Rally Looks Set to Continue

Cable's recent rally has had many questioning whether what we're seeing here is a resurgence in pound or simply a correction in the dollar following a strong rally in the second half of last year. While the dollar is arguably due a correction following six impressive months, I think the evidence would point to the latter. As you can see from the currency strength heatmap table below, sterling has been the best performing currency among the majors over the last month. Clearly then the strength...


Country Currency Focus: Greece

Country Currency Focus: Greece How did the introduction of the Euro impact the Greek economy' The adoption of the Euro brought two benefits to its members: 1) A reduction of exchange rate uncertainty when trading with other EU members, and 2) a reduction of inflation and inflation expectation in countries with high inflation. A reduction in inflation brings down the price of goods as well as bringing down borrowing costs and thus providing the ideal environment for consumer spending to...


Swiss Franc shock impacts major currencies

Swiss Franc shock impacts major currencies The Swiss Central Bank surprised markets yesterday by removing their minimum exchange rate floor of 1.20 against the Euro and also lowered interest rates to -0.75% As a result GBP/CHF dropped by 35% in one day. Why did this happen' The ECB are expected to announce a QE (quantitative easing) package next week which would have caused Switzerland major difficulties to continue with their currency cap at 1.20 against the Euro. What does this mean...


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