Foreign Exchange in Egypt
Related forum posts
We are an established law firm with over 15 years of experience and have been advising on matters related to starting a new business venture or any commercial activity in Kuwait.If you want any information about having an agency agreements, contracts, joint ventures, etc. please contact us.www.labeedabdal.com
Total Posts: 3 Last post by aleksey54
hi can anyone tell me who are the best people to approach for information on starting a business up in cyprus. e.g. solicitor, estate agent. ect. i run a business here but want to start one from scratch in cyprus, in the leisure side of things. thanks charlie
Total Posts: 4 Last post by aleksey54
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:
- Commercial companies
- Hedge funds
- Foreign exchange brokers
- Investment management companies
Factors which influence the foreign exchange market are:
- Government deficits or surpluses
- Trade levels and trends
- Inflation levels and trends
- Economic growth and health
- Political Conditions
- Market Psychology
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.
Organisations that can assist with Foreign Exchange
The Currency Specialists!Sign up for your FREE account today!
Trusted foreign exchange since 1979. Moneycorp UK's leading foreign exchange provider.
Caxton FX Visa prepaid currency cards are the smarter way to take and spend currency. They’re more secure and more flexible than cash or traveller’s cheques, and better value than the banks or bureaux.
WorldRemit provides a quick, secure and cost-effective money-transfer service to more than 100 countries around the world.
TorFX is an independent foreign exchange specialist
How to make international payments for free Simply register online and follow our straightforward booking process.