The Currency Conversion on Credit Cards

When traveling abroad, the credit card is often the safest method of payment, most convenient and least expensive in terms of exchange fees. But tourists should be wary of traders who are more likely to offer them to convert their purchases in their own currency.   The “dynamic currency conversion” or DCC is particularly popular […]

The Impact of Changes in Foreign Currency

The key points   The main aspects of foreign operations: • Accounting for transactions denominated or settled in foreign currency.   • The conversion of financial statements of foreign incorporated into account the consolidating parent company.   Gains and losses on foreign exchange transactions should be recognized as income or expense of the year (except […]

GBP / USD: Trading the Ratio of Retail Sales in the UK

Retail sales in the UK are expected to increase another 0.1% in December and the recovery in private consumption should support the pound by reducing the scope of the Bank of England to further expand its balance sheet. While the BoE sees inflation above the target on the political horizon, continuous improvement in household spending […]