FX Day to Day

Musings about my work

[jamielesinski-blog]

Tips for Traveling with Different Currencies — High for Days

Tips for Traveling with Different Currencies — High for Days

Money is important, isn’t it? It’s everywhere we look, in pretty much everyone’s thoughts, pockets, banks, and it comes in many forms. Back a few decades ago, well maybe more than a few, the main means of payment was cash or some sort of precious metal such as gold or silver as part of a […]

via Tips for Traveling with Different Currencies — High for Days

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Victory for the decisive: how to approach buying in a different currency.

Victory for the decisive: how to approach buying in a different currency.

A private client from Germany (living in London) introduced to me by his London based solicitor recently restored by faith in both the strength of a person referral and the value of having an actual person at the end of the phone (in this case…me).

Often it is incredibly hard to persuade individuals not to pin all their hopes on an improvement in a rate of exchange.  One spends a fair bit of time…

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Thanks to Brexit, London is no longer the most expensive city in the world for startups

Thanks to Brexit, London is no longer the most expensive city in the world for startups

Brexit may have spiralled the UK into economic uncertainty and caused the Bank of England to cut interest rates to an all-time low, but if you’re a burgeoning company looking to relocate your team to London, there is some good news. After two and a half years at the top, the UK capital is now…

via Thanks to Brexit, London is no longer the most expensive city in the world for startups — Quartz

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Which safe haven currency is the “safest” during periods of extreme uncertainty? RANK: JPY appreciates against all other safe haven currencies and thus is the “safest”. CHF appreciates against the USD up to a certain level of market uncertainty USD appreciates against all other major currencies GBP EUR CAD commodity currencies are generally the weakest via Which safe haven currency is the “safest” during periods of extreme uncertainty? — Trade The Slope

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...THE CAVEAT to CONVENIENCE

…THE CAVEAT to CONVENIENCE

I have noted before the fact that convenience and the ability to do something when you want to comes at the expense of quality or service and price competition in the world of  international payment tools.  This was recently high-lighted to me in quite an explicit way when consulting with a former prospective client.  I say ‘former’ precisely  because the restrictions enforced upon them by other…

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[jamielesinski-blog]

What could a UK business have done differently, FX wise, in the lead up to 23/06/16?

What could a UK business have done differently, FX wise, in the lead up to 23/06/16?

So confident were the establishment, The City and #Remainers at large, of a #UK vote to continue as a member of the single market, that little attention was paid to the possibility of #BREXIT let alone its near and medium terms effects.  Of course, by the morning of 24th June the effects of the vote were becoming apparent.  It has surprised some that sterling has held it’s ground vs. currencies…

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PAYING A FOREIGN CURRENCY MORTGAGE? 4 WAYS AN FX FIRM CAN HELP

PAYING A FOREIGN CURRENCY MORTGAGE? 4 WAYS AN FX FIRM CAN HELP

I am not sure why and I often think it is because people don’t really understand the breadth of work the deliverable FX sector is capable of handling, but one of the most common assumptions made is that one only deals with sizeable currency conversions.  It

It is certainly true to say that the benefits of the improved margin one can offer are more clearly evident on big conversions because 3% of…

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Pokédollar leapfrogs Pound — The Daily Belter

Pokédollar leapfrogs Pound — The Daily Belter

The Pound slumped again yesterday, falling behind the Pokédollar for the first time sine the latter currency was invented in 1995.

via Pokédollar leapfrogs Pound — The Daily Belter

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SURVIVAL OF THE FITTEST.

SURVIVAL OF THE FITTEST.

I recently had a fascinating discussion had with an accountant client/contact/chum.  He runs his own firm (works for himself) and we talked about why he would continue to advocate the use of an FX firm over something like a Transferwise;  I was surprised to hear his perspective and slightly elated really because I have long believed that alliances with professional services companies is the…

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The Dawn of Brexit – Implications for Investors — followpioneer

The Dawn of Brexit – Implications for Investors — followpioneer

Paresh Upadhyaya is Director of Currency Strategy, U.S. at Pioneer Investments. The UK’s vote to leave the EU will have global economic and financial consequences. During the initial days of uncertainty, global financial markets sold off sharply as markets were determining whether Brexit was a regional or global shock to the world economy. The indications so far […]

via The Dawn of Brexit –…

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[jamielesinski-blog]

HOW SECURE IS A CURRENCY BROKER?

HOW SECURE IS A CURRENCY BROKER?

Short of some elaborate fraud (and there are some I shall describe that are just plain crafty), it is rather difficult to simply ‘lose’ your money when dealing with a foreign currency company.  Having said that, one shouldn’t be nonchalant.  Any FX firm you inquire with will do their due diligence on you.  Why not do you due diligence on them?

I appreciate that you may consider life too short and…

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The EU has 24 official languages, English is one of them...for now.

The EU has 24 official languages, English is one of them…for now.

The UK’s vote to leave the EU is threatening what is arguably the greatest achievement of the British Empire: the total ubiquity of the English language. Just days after Britain’s vote, the EU began taking measures to reduce the influence of English in the organization. The EU has 24 official languages, English among them. The…

via Days after Brexit, the EU is already trying to get rid…

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INTERNATIONAL PAYROLL.

At the begging of July I received this email from a prospective client introduced to me by one of their employees who did and does use my services for their personal international payments.

This post relates to my response.  What I suggested to the prospective clients, what solution I think they may elect to implement and why they may not choose to opt for a couple of my suggestions.

(more…)

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It’s #Brexit (for now). What about tax? — Financial Services – Regulation & Risk Cooley has published a #Brexit-specific Client Alert: The Tax Implications of #Brexit. via It’s #Brexit (for now). What about tax? — Financial Services – Regulation & Risk

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WHAT HAPPENS IF I WANT TO CANCEL A CURRENCY CONTRACT?

WHAT HAPPENS IF I WANT TO CANCEL A CURRENCY CONTRACT?

On about 22nd June one of my clients decides to convert $300,000 to GBP.  They are concerned that the if UK votes to remain in the EU they would have to suffer the effects of a move up in the value of the pound; this is something they wanted to avoid.

Due to the relationship between their bank and the bank through which their USD are ‘routed’ when being transmitted to the UK, their funds are…

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[jamielesinski-blog]

4 EFFECTS OF 'UNCERTAINTY' ON AN FX BUSINESS

4 EFFECTS OF ‘UNCERTAINTY’ ON AN FX BUSINESS

I thought it might be of interest to touch on how a company who makes it’s money through conversion of currencies and rates of exchange may or may not benefit from volatile and unpredictable market conditions.

At times of intense market activity I am often asked ‘how is business?’.  I think this because people still think I am advising client on how to invest in currencies…hence a drop in rates…

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Buying €1000 - a detailed 'how to...'.

Buying €1000 – a detailed ‘how to…’.

Moving money between home and Germany and dealing with charges while you’re here can be a headache. Whether it’s a frequent migraine or a minor, occasional annoyance will likely depend on who is paying your salary during your sabbatical year. If you are being paid through your home institution or a non-German granting agency, you’ll […]

via Money Matters — Academic Sabbaticals in Germany

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