And a Latte to go

A Latte, though, has got to be Starbucks. I like to pair my a la carte Big Mac with a Latte – only when there is a 1-for-1 offer at Starbucks. Just the day before, i used the Big Mac Index to gauge if foreign currencies are under- or over- valued relative to our localContinue reading “And a Latte to go”

One Big Mac, please

I have discussed the pros of capitalising undervalued foreign currencies by travel to another lower costs city/country via Quasi Geoarbitrage and buying more foreign currencies by taking advantage of foreign currencies drops. However, how would we know if the foreign currencies are under- or over- valued relative to our local currencies? The Big Mac IndexContinue reading “One Big Mac, please”

Take advantage of foreign currencies drops

Many of us would frequently come into contact with foreign currencies, whether it is for holidays, children’s overseas education, property investment etc. It serves as a medium of exchange to facilitate transactions, as a store of value, and as a unit of account. Foreign Currency Purpose US Dollars (USD) Education, Travel Great Britain Pounds (GBP)Continue reading “Take advantage of foreign currencies drops”

Do not be confused by foreign exchange rates!

The next time you head on to a money exchanger, if you are buying a foreign currency you will be looking at the SELL rate as this is the rate which the money exchanger is selling you at. Vice-versa if you are selling a foreign currency, you will be looking at the BUY rate. YouContinue reading “Do not be confused by foreign exchange rates!”