Reviewing your currency provider is a necessity in today’s market with the squeeze on profit margins Switching Foreign Exchange Providers may be the brightest move for your company. Many businesses are paying hundreds if not thousands more than they should and are not receiving the service...
Mayfair FX helps understand the mid-market rate and why it is important The mid-market rate has many names and is also known as: Market Rate Inter-bank rate Bank rate Currency rate Real exchange rate Spot rate and the list continues… By definition, it is the midpoint between...
An overview of the Currencies used by Importers & Exporters outside of the European Union. The latest trade statistics shows the most popular currency for UK Imports outside of the EU continues to be the US Dollar (USD) with Pound Sterling (GBP) following in a low...
Which are the top countries the UK Imports or Exports to and from? As we enter the last quarter of 2015 we thought it was important to understand who the UK’s Top 10 Trading Partners are, just in case you didn’t already know. You may already...
The up and coming wine producers may take you by surprise! According to International Organisation of Vine and Wine in their 2013 report on World Vitiviniculture, wine consumption remains constant across the globe at 243 millions of hectolitres and wine production remains relatively unchanged at 252...
The must-read checklist before purchasing a property in another country As we travel further afield and more frequently than ever before, the world is becoming a smaller place. This has led to a boom in buying properties as a holiday home or even a 2nd home....
10 tips to get the best exchange rates before making your next International Payment or Currency Transfer When making an International Payment or Currency Transfer it can be difficult to know whether you are receiving the best deal. It can be quite confusing with the numerous...
Don’t let currency fluctuations affect your EU subsidy payment Being the largest grant offered by the European Union (EU), the Basic Payment Scheme (BPS) [formerly known as the Formerly Single Farm Payment (SFP)] is hugely important to farmers. Although the grant is...
Small Businesses are losing out on Thousands of pounds by not reviewing their International Payments / Currency Transfers costs! Every year small businesses face the same challenge of keeping costs low and making sure revenue is higher than costs. The task of generating more revenue is...
The Year-End is the perfect opportunity to review your costs and make efficient changes for the coming year. As the economy undergo ups and downs, businesses & especially SMEs should recognise the ways in which they can cut their costs. When your business is thriving, costs...