5 Easy Steps To Selling Internationally
Businesses that sell online have a tremendous opportunity to capitalize on the explosive growth of eCommerce. Here is a five-step process (complete with recommended guides) for going global that not only won’t break the bank.
Thanks to advanced technology, free trade agreements, and globalisation, it’s easier than ever to expand your business operations into overseas markets.Managing your currency exposure may give you the competitive edge you need to protect your profits abroad.
To save money when you transfer money to a foreign bank account, you should avoid your bank. Most banks’ daily exchange rates contain a hidden margin of up to 5% over the live exchange rate. Big-name payment providers charge similar high margins. Use a specialist money transfer company to keep more of your cash.
The kiwi and loonie are crumbling against the British pound. As U.S. President, Donald Trump, continues to threaten critical trade partnership agreements like NAFTA and the TPP, export economies with strong ties to the U.S. including Australia, New Zealand and Canada are paying the price.
OFX appointed a new CEO in February. After 100 days at OFX, Skander Malcolm discusses how to tap employee capability and potential in the modern age.
OFX appointed a new CEO in February. With more than 23 years’ experience in financial services in both established and emerging markets, Skander Malcolm is focused on driving growth and market share while developing talent and increasing employee engagement.
Compared to previous weeks, sales of rand have more than doubled at OFX as savvy customers cash in on the rand’s decline. As an emerging market currency, the rand is also one of the most volatile of the commodity currenciesRead more
If you’re interested in working in another country, knowing exactly where to find jobs abroad will ensure you uncover the best opportunities. From networking to attending job fairs, these are the specific steps that you should take if you want to land a fulfilling and lucrative position in no time.
The ultimate value of your experience abroad will depend on your willingness to take risks and embrace the newness and uncertainty that comes with living overseas. Ultimately, living overseas can be challenging, but it’s worth the effort.
It’s shaping up to be a big week for the global forex markets as investors await the results from the Dutch election on Wednesday and an expected rate hike from the Fed on the same day. Pile on Theresa May’s triggering of Article 50 slated for this week or next and ten days of consecutive losses for the Kiwi and it’s clear that everyone should be paying attention to how forex will impact their personal finances in 2017.
If getting hitched in an exotic location sounds like your perfect day, staying organised will streamline the planning process. So even though destination wedding can be a lot of work, with strong planning and a bit of determination, you can have the day you've always dreamt of. To help you get started, we’ve compiled a handy destination wedding checklist.Read more
When Is the Dutch Election and Why Does It Matter?
The Dutch election is scheduled for March 15, 2017 and with the populist, anti-Islam politician Geert Wilders leading the polls, this election may have a profound effect on the future of the European Union.
What is Trump’s effect on the value of the U.S. dollar?
The dollar gained following Trump's election victory in expectation of fiscal stimulus and higher interest rates. To the financial markets’ surprise, since inauguration, the Trump administration has been focused on immigration and trade.
What Are the Best Places to Get Plastic Surgery Overseas?
According to The International Medical Travel Journal, some of the top destinations for medical tourism include Malaysia, Germany, the UK, Greece, India, and Spain, but other nations top the list when it comes to cosmetic procedures, in particular. For plastic surgery overseas, Brazil, Thailand and Malaysia take the top spots.
10 Best Places for Retiring Overseas
Are you ready to spend your golden years in comfort, style, and maybe even a bit of luxury? Then check out this list of the 10 best places for retiring overseas and reinventing yourself and your life.
How to transfer inherited IRA
An inherited IRA is a retirement account that you receive when you become the beneficiary of someone else’s IRA. After someone close to you, such as a family member or friend, has passed away, you might inherit his or her IRA, and your transfer options will depend upon your relationship to the deceased.
How to save money on a destination wedding
Money-saving strategies can be applied to all destination weddings, whether you’re planning on hosting your event on a beach in Bermuda, in the heart of London, or in a remote area of New Zealand. To make your destination wedding come to life without breaking the bank, check out some handy tips.
Currency Risk Management Strategies in 2017
Is Forex the Key to Your Property Investment Success?
Investing in real estate overseas, or purchasing big-ticket items like collectibles, helicopters and jets, and gems is a good way to strengthen your personal finances. To help you be certain that every forex investment will move you closer to overall investment success, we’ve compiled a list of helpful tips that you can use to reduce your risk.
Hard Brexit meaning
Hard Brexit means that the UK would likely relinquish access to the EU’s single market including the customs union. Britain would retain sovereign control over trade deals, immigration and law-making within its borders. Future trade partnerships with European nations may be based on World Trade Organisation (WTO) rules.
Article 50 When Will It Be Triggered?
U.K. Prime Minister, Theresa May, hoped to trigger Article 50 of the Lisbon Treaty by the end of March 2017. However, the Supreme Court recently ruled that she must seek parliamentary approval before triggering Article 50. Determined to meet her own March deadline, May has submitted a simplified bill to parliament in an effort to expedite negotiations.
What is article 50?
The Treaty of Lisbon, which came into effect in 2009, brings together two previous treaties to form the constitution of the European Union. Within the Treaty of Lisbon, Article 50 outlines the conditions under which a member country can leave the E.U. Once invoked, Article 50 places a two year deadline on the withdrawal negotiations.
Chinese New Year Shutdown Preparations
January 28th is rapidly approaching and that means that 1.4 billion people are about to go on holiday. Chinese New Year, or the ‘Spring Festival’ as it’s known in China, is a forty-day festival that spurs the world’s largest human migration.
From the sovereign debt crisis to the immigration backlash and Brexit, the EU continues to battle large issues and anti-establishment voices that threaten to tear the union apart. The Italian referendum may send another shock throughout Europe.
OFX wins digital identity excellence award in fraud prevention
At the 2016 Digital Identity Summit, a panel of six security experts and analysts awarded the Fraud Risk Management team at OFX with a Fraud Prevention Award for strong cross-border impact.
Protect yourself against currency volatility in the lead up to the EU Referendum
Whether you’ve seen it on the news, read it in the newspapers or witnessed its dramatic effects on our live Currency Converter page, the EU referendum is beginning to take center stage. As we get closer to June 23, 2016 , many are worried about the volatility of Great British pound, wondering ‘how will it affect me?’, and ‘what can I do about it?’
As we tackle Brexit and its effects on British expats in the U.S., we will also share some of the methods that our customers have adopted to stay one step ahead during these unpredictable times.
Bye-Bye USForex, Say Hello to OFX!
We'd like to introduce OFX, the new name for USForex. We're rolling out a new brand and a new website – we hope you enjoy using it.
So what else is changing around here? Not much, actually! We’ll still be delivering the same great service using the best-in-class payments platform we have been developing over the past 17 years. The only difference is that now we will be known as OFX.