information for global expats

Expat Information: Foreign Exchange (Forex) for Expats

Expats, international investors and frequent travelers often need to move money between currencies and the conventional bank systems for doing this are often slow, cumbersome and expensive. There are also trading and investment opportunities in foreign exchange.

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A host of services has sprung up to cater to the needs of internationally mobile capital outside the conventional banking system, which has been slow to respond to the needs of modern investors and traders.

Some of these simply allow the transfer of money on nominated dates at pre-booked exchange rates, often free; others offer alternatives to conventional stores of value using gold or other instruments; and for more demanding, professional traders there are currency exchanges in many cities worldwide, often offshore, which allow trading to take place in a tax-free environment.




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