Can Government Intervention Maintain A Stable Currency?

Fluctuations in the foreign exchange market can have far-reaching economic repercussions – it’s no wonder, then, that some governments choose to intervene to manage their own currency’s value. This is less common in the US and UK, which keep to a market-driven approach, but is widespread in many parts of Asia and in the Eurozone. The devaluation of the Chinese renminbi is a recent example, with some observers seeing it as a long-term attempt to bolster the country’s exports. Read more

Introducing Selfie Pay: An Unusual Use For Self-portraits

It started as a niche interest of tech-loving teens but soon grew into a social phenomenon. By the end of 2013, the Oxford Dictionaries named selfie ‘word of the year’, which wasn’t surprising given over a million selfies are taken every day. Now, the selfie has grown up and is getting a job in finance. Here’s the breakdown on how your next self-portrait could lead to a legitimate money transfer.

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Thinking Of Investing In Emerging Markets? Here’s What You Should Know

One way to make the most of savings you’d like to grow is by tapping into new investment markets. This could mean looking abroad, in particular at countries that drive global growth. Today, emerging markets in developing nations are poised to do just this – become the world’s new growth engines. As with any financial investment, however, it’s important to measure and manage your risks. Here’s a breakdown on emerging markets and what investing in them means for you.

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Why Tech-Driven Money Transfer Startups Are Cheaper Than Their Older Rivals

The fintech industry has exploded in recent years, slowly growing into niches once dominated by big finance. In the international money transfer market high street banks and wire transfer companies like Western Union are starting to find themselves undercut and outperformed by innovative startups. But what is it that gives these fledgling companies their edge? Read more

Why We’re Closer To Cashless Than You Might Think

2014 was a landmark year for the cashless revolution in the UK. For the first time, cashless payments overtook those made using ‘real’ money, signalling a pretty significant change in the national mentality. The UK’s not the only one saying goodbye to coins and notes, either. Countries like Singapore, the Netherlands and France are leading the way here, making around 60% of their payments without physical currency. Read more

Taking Control Of Your Trades: A Six-step Guide

Sending money overseas via a foreign exchange broker doesn’t necessarily mean you’ve got to hand over total control. While they can take care of everything for you, understanding the basics of trading can help you make the most of your international money transfers. It’ll also put you in a much better position to benefit from automated trading platforms or peer-to-peer services. That’s why we’ve put together this six-step guide to getting more involved in your trades. Read more

Free trade: the key to unlocking Africa’s economic potential?

Economic integration isn’t a new concept to Africa; sub-regional markets have emerged throughout the continent since the ’60s. But while there hasn’t been as much integration in the past few decades as many leaders would like, that’s looking set to change. A recent African Union summit set a 2017 deadline for the creation of a continental free-trade area, building on the Tripartite Free Trade Area (TFTA), which covers 26 countries.

Today we’re looking at what such an expansive free-trade area could mean for Africa’s social and economic development. If it manages to propel to some of the world’s poorest countries towards prosperity and stability, it has every chance of shaking up the global economy and foreign exchange for the better. Read more

Abenomics explained: what it means for you

When he was re-elected prime minister of Japan in December 2012, Shinzō Abe laid out a plan to end the country’s decades-long economic slump. His short term goals were to boost GDP and raise inflation to 2%. Long term, he hoped to stimulate competition and cement trade partnerships. But despite its successes, Abenomics is facing increasingly vocal opposition. Opinion in Japan is fiercely divided, so what do these policies mean for you? Read more

Paying With Your Mobile: How It Works

66% of Brits know they can pay using a smartphone, and in the US 53% of shoppers want more stores to accept payments via mobile. Despite the enthusiasm for this growing technology, many of us still aren’t completely clear on how it works. That’s why we’ve put together this quick guide to mobile payments, which takes you through the three main approaches. Read more