NewsCase StudiesEvents

Foreign Exchange in Egypt

Egypt

Foreign Exchange in Egypt

Related forum posts

 

  1. Video Game Donations Question

    Hello,My question is in regard to online donations. A Minecraft server I run has grossed $6,500 US Dollar so far this year. While I know this is not a large amount, I am concerned about taxation. I am a Swedish Citizen and all transactions are made through Paypal. Do I need to make some kind of LLC or holding company to handle this income? Do I owe taxes on the money I've earned and will earn

    Total Posts: 1 Last post by RErickson

  2. Financial Instrument !

    We specialize in Bank Guarantee lease and sales, there are two types of bank guarantee which are Direct Bank Guarantee and Indirect Bank Guarantee. Its used as Bid Bond, Payment Guarantees, Letter of Indemnity, Guarantee Securing Credit Line, Advance Payment Guarantees, Performance Bond Guarantee E.T.C. We have project funder with cutting edge and group capital fund who can finance your signatory

    Total Posts: 1 Last post by Fazliq Inc

Foreign Exchange in Egypt

Foreign exchange is, simply, the trading of one kind of currency for another. The foreign exchange market has no central exchange, and is run primarily 'over-the-counter' by banks, companies and ordinary people who are constantly trading currencies. Investors and entrepreneurs can respond instantly, 24 hours a day, to changes in the foreign exchange market, which are invariably affected by economic, social and political occurrences.

There isn't a single exchange rate, but rather a number of different rates or prices depending on what banks or market makers are trading, and where they are doing so.

Among others, the main participants in the foreign exchange market are:

  • Banks
  • Commercial companies
  • Hedge funds
  • Foreign exchange brokers
  • Investment management companies

Factors which influence the foreign exchange market are:

  • Economies
  • Government deficits or surpluses
  • Trade levels and trends
  • Inflation levels and trends
  • Economic growth and health
  • Political Conditions
  • Market Psychology
  • Speculation

In order to obtain a good deal on the exchange using a currency broker is advisable. Not only can a currency broker provide a competitive exchange rate, they don't have the excess costs of high street bureaus or banks.

You can also use a 'watch' service, which allows you to set a target exchange rate, and, once that rate is reached, your broker will exchange the currency for you. Exchange rates fluctuate every minute and hour of the day, and a broker will always have their finger on the pulse, ensuring you get the best deal at the right time.

Click here to Ask an Expert about Foreign Exchange in Egypt

Organisations that can assist with Foreign Exchange

  • > WorldRemit

    WorldRemit provides a quick, secure and cost-effective money-transfer service to more than 100 countries around the world.

    More Details Visit Website
  • > HiFX

    The Currency Specialists!Sign up for your FREE account today!

    More Details Visit Website
  • > TorFX

    TorFX is an independent foreign exchange specialist

    More Details Visit Website
  • > International Payments

    How to make international payments for free Simply register online and follow our straightforward booking process.

    More Details Visit Website
  • > Foreign Exchange Comparison For Growing Businesses

    If you are a business trading internationally or looking to launch abroad, a key consideration will be how to make international payments to and from that particular country.

    More Details Visit Website
  • > FC Exchange

    Straight talking experts in foreign exchange, we provide fast, efficient and secure international transfer solutions, over the phone and online. Solutions that deliver bank beating exchange rates, manage currency market fluctuation risks and help our clients boost their returns.

    More Details Visit Website

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.