NewsCase StudiesEvents

Foreign Exchange in Egypt

Egypt

Foreign Exchange in Egypt

Recent forum posts

 

  1. Am Direct Mandate To Active Provider Of Bank Instruments!

    We are direct provider for BG/SBLC specifically for lease, at leasing price of (5. Protected content % of face value, Issuance by HSBC Bank London , Barclays Bank London , Deutsche Bank, BNP Paribas, & AAA Rated Banks in Europe, Middle East or USA. Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly renewable leased bank instruments. We work di

    Total Posts: 1 Last post by appavdoolease

  2. Business with stocklot and wholesale lots

    My name is Stephen Smith manager at Stocklotus Srl which operate the Tradeguide24.com stock lot and wholesale online trade platform which makes it easy for anyone to buy or sell online anywhere in the world. Business people and companies can share their information to contact with sellers & buyers to generate inquiries.Suppliers, manufacturers, exporters can post and promote their products and s

    Total Posts: 1 Last post by tradeguide24

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

  • > AFEX

    AFEX are one of the world’s largest currency exchange specialist and a trusted business partner for over 25,000 clients globally, with a heritage that dates back to 1979.

    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
  • > 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
  • > CurrencyTransfer.com

    The Award-Winning Business Foreign Exchange Marketplace

    More Details Visit Website
  • > FAIRFX Plc

    All FairFX international payments are simple, secure and fast, with no fees via their telephone dealing service, whether you're making regular payments or sending larger, one off sums.

    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
  • > TorFX

    TorFX is an independent foreign exchange specialist

    More Details Visit Website
  • > HiFX

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

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

    Does your business need finance to trade internationally?

    More Details Visit Website

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.