Your English writing platform
Discover LudwigExact(3)
But it is generally recommended that buyers have a foreign exchange account to get the best rates on money transfers.
It would also boost our balance of payments, as the £12bn the state and the private sector send to the EU institutions all goes out over the foreign exchange account and worsens our balance of payments as a result.
The trade-off for the country involved is the additional import cost caused by the price spike minus what has been earned on the foreign exchange account as compared with the cost of holding the commodity reserve until it is needed.
Similar(57)
Most Japanese bank executives say the answer lies in increasing fee revenue by selling depositors more mutual funds, insurance plans and foreign exchange accounts.
If the agreement is approved by the federal bankruptcy judge overseeing the case, the assets would be split between MF Global's domestic brokerage customers and those who held foreign exchange accounts.
The Treasury can no longer use its foreign-exchange account to backstop money-market funds—worrying, given the exposure of money-market funds to European banks.
The five biggest traders of foreign exchange now account for some 55% of the market, compared with 36% a decade ago.
The Chinese hold about $75 billion in foreign exchange savings accounts and domestic companies hold another $55 billion in bank deposits.
Chinese individuals hold about $75 billion in foreign exchange savings accounts, and domestic companies hold another $55 billion in bank deposits, China's central bank said on Monday; allowing them to invest the money freely in Class B shares is expected to send the market soaring.
Although the American market is traditionally regarded as being so vast and deep that it is more stable than emerging countries' markets, those countries have made big strides in managing their foreign exchange reserves, current account deficits and currency positions.
However, interest is now moving into a second wave of disruption, honing in on areas such as money transfer (Dwolla, TransferWise), foreign exchange (CurrencyCloud), savings accounts (Simple) — even car insurance (MetroMile) is getting some attention.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com