Category: International business

Investing in foreign currency is gaining the attention of an increasing number of investors. Foreign currency is particularly attractive for those who seek alternative investments that are relatively low risk and do not require a good deal of active participation. Although it may sound nebulous and a bit exotic, trading foreign currency can deliver both… Continue reading Is Buying Foreign Currency a Good Investment?

In today’s global economy, companies need to trade across borders to eliminate their growth ceiling.  However, once they start operating in foreign markets, these businesses will have to transact in several currencies, other than their home currency. German manufacturing companies, for example, may export to the UK, Africa, and the United States. Payments may therefore… Continue reading What is a Multi Currency System?

Currencies can fluctuate wildly, but some remain standout denominations that continue to be high year-round. The Kuwaiti dinar, for example, is considered one of the strongest global currencies. Whether making international transfers or considering trading currencies, it’s essential to have a firm grasp of the highest and lowest options, so you can determine what sort… Continue reading What is the Highest Currency in the World?

There is nothing more frustrating than making a withdrawal from your foreign currency account or paying for goods abroad — and finding out your bank account balance has dropped by much more than expected due to the exchange rate. One of the primary reasons a rate might change is due to demand for that particular… Continue reading What Causes Exchange Rates to Change?

When transferring cash abroad, the exchange rate is the key cost element that reflects how much of a forgein currency you’ll get in exchange for your dollars. While multiple factors can cause exchange rates to fluctuate, the core driver is supply and demand. Simply put, the more requirements there are for a currency, the more… Continue reading What Factors Affect Currency Exchange Rates?

Traveling with cash can seem like a real grey area, but exactly how much money can you take abroad? If you leave the US with over $10,000, you will need to declare it on departure — and sometimes again on arrival in your destination. There are two primary issues here, which are also the main… Continue reading How Much Money Can You Take Abroad?

Understanding if the dollar is stronger than the euro is vital if you’re planning on doing any travelling, investing, or simply want a better view of the world economy. So is dollar stronger than euro? Generally speaking, the answer to this question is no. But this could change in the future and for now is… Continue reading Is Dollar Stronger Than Euro?

In the world of money and currencies, there is one currency that rules them all: the United States dollar. However, just because this currency is used more than any other for worldwide transactions it does not necessarily mean that it is the world’s most valuable currency – the dollar has strong competitors in both the… Continue reading Is the Euro Stronger Than the Dollar?

If you’re thinking about how to receive payments from abroad, it’s best to use an international money transfer service. Once you receive the transfer, there’s a range of options for distributing the money, for example, you can transfer the payment to your bank. Such transactions will not interest tax commissions, but only if they are… Continue reading How To Receive Payments From Abroad