NewsCase StudiesEvents

Foreign Exchange in Egypt

Egypt

Foreign Exchange in Egypt

Recent forum posts

 

  1. import from Denmark

    Hi, I would like to start up a Business in Seattle WA. Its fruit and candy bags to grocery stores and bigger grocery chains I would like to know if someone know about a contract that I could sent to the danish company?Because I'm going for my own business and not just try to sell for the danish company.Please help. Thanks,Mathias Vinther

    Total Posts: 5 Last post by bablu0109@yahoo.com

  2. starting a business

    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: 5 Last post by bablu0109@yahoo.com

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

  • > TransferGo

    TransferGo is the answer to all people who want to send money overseas in a fast and convenient way.

    More Details Visit Website
  • > TorFX

    TorFX is an independent foreign exchange specialist

    More Details Visit Website
  • > CurrencyTransfer.com

    The Award-Winning Business Foreign Exchange Marketplace

    More Details Visit Website
  • > Looking for funding to startup overseas?

    Does your business need finance to trade internationally?

    More Details Visit Website
  • > HiFX

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

    More Details Visit Website
  • > BREDER SUASSO LTD

    Breder Suasso offers accounts opening for Private and Corporate clients. Enhancing clients' possibility to move their money assets across international borders swiftly and securely is the main goal of Breder Suasso financial services.

    More Details Visit Website
  • > CurrencyFair

    Want to pay your remote staff salaries using online transfer or pay for foreign invoices? Use CurrencyFair’s business solutions to vastly reduce the cost on your business currency exchange requirements.

    More Details Visit Website
  • > Money Transfer Comparison

    Money Transfer Comparison reviews and rates money transfer service providers. Up to date it has reviewed more than 30 different companies.

    More Details Visit Website

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.