FairFX Travel Money Card calls for greater transparency in the foreign currency exchange industry
www.fairfx.com - Stephen Heath, Chief Chief of the company behind the FairFX Travel Money Card calls for greater transparency in the foreign ...
www.fairfx.com - Stephen Heath, Chief Chief of the company behind the FairFX Travel Money Card calls for greater transparency in the foreign ...
If you are in Belarus and only have Belarusian roubles to pay for your ticket – be prepared to stay in the country a bit longer. AirBaltic and some other companies operating in Belarus no longer accept Belarusian roubles. Instead they insist on payments in Euro - the currency which is nearly impossible to buy legally in Belarus. Today it became even more difficult as the National Bank of Belarus recommended commercial banks only to buy, but not to sell, foreign currency.
This is because local banks have to follow the official exchange rate established by the National Bank. Over the last months this rate has been nearly 40% lower than the market rate. No wonder that very few want to exchange money in banks and most people prefer the black market. "Don't exchange money in Belarusian banks" is the first tip given to those who visit Belarus these days.
No trust in Belarusian roubles
Since the collapse of the Soviet Union Belarusians mistrust their currency. When millions lost their life time savings because of devaluation of the Soviet rouble in the late 1980s - it was a lesson they learnt well. Nowadays Belarusians prefer to keep their earnings in a "hard" foreign currency rather than in "soft" Belarusian roubles.
The next start of socialize agencies are gearing up to provide more inclusive duration-compensatory excursion services, all in one tracking down. One of the subdue ways journeys businesses can advance top gash services to travelers is to group an onsite currency exchange secondment.
Sign on CurrencyXchanger SETA. Entire Behold Systems Ltd, of Vancouver, British Columbia developed this specialized software so trek agencies could yield an onsite post, like to the moolah exchange outlets found in airports. The enterprise provides a full training program for new customers and a full year of industrial hold up. What’s more, tour agencies can have a simoleons exchange amenities up and match in less than a day.
Here’s what roam agencies with currency exchange services can want:
Increased yield: Your foreign currency exchange affair can be a worthwhile side duty. It enhances your existing proceed point while providing an additional gain fountain-head.
Promotional opportunities: In exchange for buy-backs at appropriate rates for abandoned traverse currency, you can advance your valued customers a lessen on a later winging or another strange voyages box.
Satisfied customers: Customers single out dealing with people they cognizant of. Role travelers who reward your spacious all-comprising employ are more indubitably to reappear for a well planned family vacation package deal.
Buyer calmness of be aware: Traveling can be stressful. Your peregrinations customers can cool it wily they’ll show up at their objective treated with the factual currency for a taxi-cub, tip or gnaw to eat. They won’t have to be constantly on the look out for the next foreign exchange worship army and having to pay employ fees each together.
...|
Asian Currencies Drop on Greek Risk, Importers Buying Dollars “Investors are unsure whether the modern rally reflects the risk of the European debt crisis that's still not fully resolved,” said Henry Lin, a Taipei-based foreign-exchange saleswoman at Taiwan Shin Kong Commercial Bank. The baht fell 0.3 percent to and more » |
|
Australia Foreign-Exchange Trading Volumes Slump Some of the fantastic's biggest foreign-exchange brokerage firms have warned of declining volumes. On Friday Interdealer agent ICAP PLC reported that average daily spot currency volumes handled by EBS slumped 23% in January compared with a year earlier. |
|
Quieter Trading Tilts Broker Ranks By STEPHEN L. BERNARD and JESSICA MEAD NEW YORK—Thomson Reuters Corp. handled more foreign-exchange fleck-market trading than its main rival EBS for a third straight month in January, as dwindling trading in the Swiss franc and the yen weighed on EBS |
|
Report: With rial under pressure, Iran clamps down on foreign currency exchange TEHRAN, Iran — Iran's inner bank deputy governor said Monday that trading foreign currency outside of banks and licensed currency exchange operations was now banned, marking the supervision's latest attempt to stem an outflow of foreign currency amid and more » |
Azerbaijan's Central Bank: Almost impossible to predict exchange rate of manat ...
Azerbaijan's Pre-eminent Bank: Almost impossible to predict exchange rate of manat The current situation in the oecumenical currency market has led to a gradual appreciation of the euro against the Azerbaijani currency, and this week was marked by its top rate since the beginning of 2012 - 1.0372 manat to one euro.and more »
|