Global Fundi Finance

The South African Rand has been battered in the markets over the past four weeks, sending the GBP ZAR exchange rate all the way up to 12.7234 in the last 24 hours. This represents the pair’s highest level since the first week of the year. The forward move for GBP ZAR has been driven by [...]

I have noticed after a google search that most articles currently rated on page 1 of google for “money transfers for embassy consulates” comes up with a whole lot of negative information on money transfers – it seems that even though there are legit company’s available for assisting with money transfers online – and these [...]

When transferring money to another country, you need to give consideration to the four options: • Cash/Traveller’s cheques/Movable assets • Banks• Money transfer services • Forex companies Cash/Traveller’s cheques means converting all your funds into cash, traveller’s cheques or valuable items such as jewellery and travelling with them on your person. Banks offer a money [...]

According to CNBC the US stock index futures are suggesting a lower opening on Wall Street – a suggestion which may prove to be irrelevant when compared to recent action (Schacknow, 2011). Recent action showed that the markets which appeared to be heading directly toward a dip on Tuesday actually finished the days stocks on [...]

This last week, the Office for National Statistics in the UK confirmed with its second estimate that the UK economy grew by 0.2% in the second quarter of 2011.  George Osborne has come under fire from the opposition who claim that VAT hikes and overzealous austerity measures were hampering the recovery for the country.  However, [...]

This is a ping pong battle going on – debt crises, Italy, Greece, Spain, Yes, no – such is the nature of the beast. The Pound has surged back above 1.60 against the U.S Dollar today, bouncing back from a six-month low earlier this week, after Chinese economic growth exceeded initial forecasts and the Chairman [...]