| Ipsos MORI Poll rates 4X Currency as best specialist Foreign ...
Brighton, UK - Monday 19 March, 2007 - 4X Currency has been listed as the UK's best specialist foreign exchange provider, according to an Ipsos MORI Poll of exchange rates offered by 10 different UK-based FX providers. A mystery shopper telephone exercise was conducted to find the best rates available to customers seeking foreign currency exchange, and found that 4X Currency's rate of 1.4803 Euros to the pound was the most favourable - .73 of a cent more than the lowest placed provider. The shopper enquired how much each FX company charged on a purchase of 165,000 Euros and revealed that 4X Currency's offer - £111,463.89 - was the most competitive, and over £550 cheaper than that of the bottom-placed company, the International Currency Exchange.Ipsos MORI was commissioned to find the best live dealing rates available to customers.
Mullahs go nuclear with Iran's currency
Iran is going nuclear with its currency. Mullahs' regime issued a banknote Monday with an illustration of an atomic nucleus and electrons in orbit symbolizing nuclear power, placed on a map of Iran. The 50,000 Iran riyal note is worth just over $5 on the foreign exchange market, and the country said six million notes were released into circulation through its banks in commemoration of its nuclear technology. The back of the orange, green, and blue bill is illustrated with a picture of the founder of the Iranian republic, the late Ayatollah Ruhollah Khomeini, whose image must be printed on all Iranian currency. Given that the United Nations and the international community continue to put pressure on the country to stop enriching uranium, the issuance of the latest bill is regarded by many analysts as a deliberate defiance of international pressure on the government.
Brits abroad stung with millions in credit card charges
British holidaymakers will be charged £355 million when they use their credit cards overseas this year, according to new research from uSwitch.com, the independent price comparison and switching website.
uSwitch.com estimates that UK consumers will be charged £204 million on credit card purchases and £151 million withdrawing foreign currency with their credit cards from cash machines.
Banks and credit card companies hit consumers each time they use their cards to make purchases and withdraw cash overseas with the following charges:
Exchange-rate loading fees – the average fee is 2.61% in the USA and 2.59% in Europe, this is added on to credit and debit card transactions (purchases and withdrawals) made overseas by most credit and debit card companies.
Canadian Dollar Declines From Highest This Year Versus Dollar
April 2 (Bloomberg) -- Canada's dollar fell from its strongest level this year as some traders speculated the currency's recent gains were overdone. The 14-day relative strength indicator, or RSI, in the Canadian dollar is approaching 70. A security with an RSI score over 70 is usually considered overbought. The Canadian currency has gained in the past two months on higher commodity prices and signs of a strengthening economy in the first quarter. ``The market is a little overexposed to the Canadian dollar right now,'' said Shaun Osborne, chief currency strategist in Toronto at TD Securities Inc. ``The currency had a couple of good months without any major correction, and we need to see a little bit of unwind of these long positions.'' A long position is a bet that the currency would appreciate.
Arab Elites: Dilemma of Seeking Foreign Support
No one can deny that the accusation of foreign collaboration was the preferable solution for the modern Arab state to get rid of any opposing voice, whatever the degree of its rejection of its countrys policies. A simple recollection of this accusations history, and its repercussions leading to the violation of the political rivals integrity, reveals that it was the result of an intentional confusion between, firstly the authority and the state; secondly between the authority and the state on the one hand, and the homeland on the other; and lastly between the homeland and the person of the ruler. This confusion was intended to automatically charge sceptics in the successful process with treason because they voiced their criticism. Such dissenters are stripped of even their humanity, which explains to us why the rich record of torture, violations, assassinations and executions that took place east of the Mediterranean, at a time when making preparations for throwing Israel in the sea was a national priority that hindered other ones and required everybodys conformity and obedience.
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