Reasons for Currencies Fluctuate

• Currencies’ demand and supply
• Monetary policy
• Inflation rate
• Political issues
• Economic conditions

5 Tips for Currency Exchange

1. Plan ahead for what currency you need and compare the rate
2. Understand Foreign Exchange Cost
3. Consolidate your Transactions
4. Beware of Counterfeits
5. Open overseas bank account for extended stays

Common types of fraud and Scams

1. Give money to get money
2. Phishing
3. False billing
4. Overpayment Scams
5. Identity theft
To Protect yourself, please find more on Australian Scam Watch Website https://www.scamwatch.gov.au/

4 things you need know about foreign exchange costs

1. Buy rate / sell rate / mid-market rate
2. What is your margin
3. Transfer fees
4. commission

Leave a comment

11 Things You Should Know Before You Get Your First Credit Card

A credit card may seem like just another tool to help you make purchases, but it can be much more. When used responsibly, a credit card can help you build

What Is a Balance Transfer, and Should I Consider Doing One?

In a perfect world, no one would carry a balance on their credit card. We would all pay our bills in full each month and never have to worry about

How Is Credit Card Interest Calculated?

So your bank tells you that your credit card has a 15% APR. What does that actually mean? How does your bank calculate your interest rate, and how does that translate into how much you actually pay? …

What Is a Balance Transfer, and Should I Consider Doing One?

In a perfect world, no one would carry a balance on their credit card. We would all pay our bills in full each month and never have to worry about

Subscribe to our e-mail list and stay up-to-date with all our news.