How do fluctuating currency markets affect my money?
A common aspect of life as an expat is transferring money between countries. You obviously want this to be as cost-effective as possible, so it is important to do your research and keep an eye on what’s going on in the currency markets, to be sure you can get the best possible exchange rate and avoid market risks. Currency markets are often affected – either adversely or positively – by global political and economic events, and 2015 has certainly been an eventful year in this respect!
Most recently, events in China have had a notable ripple effect on the European currency markets, ultimately eating away at your money. This week, Elaine Ferguson, Head of the Resource Centre at
Spain Buying Guide, talks to currency experts, Smart Currency Exchange, about what this means for expats in Fuerteventura and for those who have plans to move over here.