Currency Joy Exchange Rates Buoyed

December 5, 2016 ProACT Sam Orgill

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Currency Joy Exchange Rates Buoyed

EU Brexit for Expats: 5 Benefits for Expats Living and Working Abroad As by the Weakening of the Euro

Sam Orgill of ProACT Partnership considers the Exchange Rate Adjustment and implications of EU Brexit for Expats Living and Working Abroad

We questioned whether the weakening of UK Sterling GBP was a long term change or a temporary reaction. Much has changed in 6 months and Exchange Rates are reacting to world events.

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Eurozone Economy Weakness

As the EU economic zone continues to stutter with structural banking an debt reforms the Euro hits a barrier as Italy emerges as the country of focus in world finance

An Italian Economy weighed down by bad debt that has not be reformed an updated. The Italian referendum on their governments proposed reforms that have been rejected. This has weakened the Euro on the world markets.

Sterling has strengthened, Euro is Weaker:

GBP£1 = Euro1.20 , USD $1 = Euro 0.95, Rouble RR 1 = Euro0.015

5 Benefits for Expats Living and Working Abroad

1. A weaker Euro makes exports cheaper and is good for Germany, Italy and French Exporters.

2. A weaker Euro makes investment from UK Sterling GBP, USA Dollars, Chinese Renminbu and Russian Roubles into the Eurozone cheaper and Better Value.

3. Overseas Property Buyers get bigger property at a lower cost when buying holiday homes or relocating overseas - including Cyprus, Spain, Portugal and France.

4. Expats Living Abroad on Pensions and Investments in the Eurozone will get more spending power form their currency exchange

5. Expats Working Abroad and Offshore Business operations will find sales boosted by lower sales prices when Exchanged to Euro and a short term boost to home currency revenue

Read More on This Topic Click Here: ProACT Top 5 Currency Tax Saving Tips:

Stay Calm and Carry On Exchanging Currency

Forget the headlines. Exchange rates go up and down but on average they don't change much.

ProACT Partnership Expat Experts offer Free Reviews and Newsletters in the coming months to follow the latest developments and implications of EU Brexit for for Expats Living and Working Abroad or investing in overseas property.

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