Economy - Expat Magazine
The US is one of the countries with more immigrants in the world. It is actually on the list of the top 10 Countries with the highest number of immigrants — 50.6 million. And Americans are also expats, according to the Association of American Residents Overseas, 8.7 million Americans (excluding military) live in 160-plus countries. Every migrant chooses to leave home for different reasons, but many do to contribute to their families and communities in their country of origin by sending money home, a transfer known as a remittance.
A change in the exchange rate can instantly change an expat's life, especially if they earn in one currency but spend in another. Exchange rates are directly linked to expats' budgets. Currency convertibility works in a similar way to stocks and shares. The more attractive the currency is, the more it is in demand, and the greater the value will be. Likewise, the opposite is also true, which leads to the currency being devalued.
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Does the UK leaving Europe mean you have to give up your plans to live, work, retire or invest in Spain? Absolutely not! But financial planning has become just as important as sun cream, after the UK left Europe. So, here is what you need to know about how to manage your finances in Spain right now.
Today, international money transfers are a common thing. While some expats regularly transfer money to their families abroad to support them, others are trying to materialise their dreams. But regardless of your reasons for transferring money abroad, here are some key points to consider.
As expats, we often tend to ignore the fact that the national budget of the country we live in does have an impact on our lives too. In fact, many decisions and new measures can affect our daily life in various ways.
As an expat in Argentina, it is essential for you to be aware of the exchange rate of the American dollar to Argentine pesos. Here is what Jerry Nelson, our guest blogger, has to say about it.
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When investing globally, you may face challenges such as costly currency conversions or the hassle of moving your money across banks. Discover why international banking is an expatriate's must-have for investing and how you can manage your wealth holistically.
Most expats move to Europe for better career prospects and higher living standards. However, it's not always easy to find a job and a salary that meets your expectations. Rent, cost of living, etc., are some of the factors to take into account. So if you wish to thrive and enjoy a better quality of life, which cities should you consider?
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Job: Check. Accommodation: Check. Visa: Check. How about your finance? Carefully considering your banking options before moving abroad could save you money and time. Depending on your reason for moving abroad and the duration of your stay, you could be tempted to use the bank account from your home country or open a local bank account in your home country. But have you thought of an international bank account? Here is why you should consider it and what you should look out for.
For many expats, moving abroad means having a better quality of life, with different cultural and social exposure, but also higher living standards with higher wages. But does earning more mean that you have to spend more? Whether you're an international student, a professional or a retiree, budgeting will be crucial for maintaining a proper lifestyle. We tell you about the common mistakes expats make with their money.
Whether to be able to receive money in times of emergency, or to send money to loved ones back home, it is important to consider money transfer options as an expat. Especially in the early stages of your expatriation.
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One of the most important things to consider when moving abroad, is how to manage your finances. Should you consider an international bank account?
A study by Allianz Care found that financial priorities of 52% of expats interviewed had changed as a result of the crisis. More than half of them stated that health and well-being was now a priority for them. Family also weighs more in the balance these days, expats say.
Expat.com is launching a special dossier over the coming week. We aim to uncover the consequences of the COVID-19 crisis on global mobility. Indeed, the pandemic has brought very significant changes to our way of life. What will be the consequences for those who want to spend their retirement abroad after the crisis?
Lockdown has allowed many households around the world to save money, but for others, the risk of being fired and having no revenue at all has become a serious issue. With the current economic downturn and the fragility of the global labour market, budgeting is a must today more than ever. Here are some tips to help you manage your finances after lockdown as an expat.
Economic downturn due to the coronavirus pandemic is having a significant impact on the global labour market – with shorter working hours for some and the risk of being laid-off for others. This situation is of much concern for thousands of students around the world, as well as working-holidayers. Here are some tips to guide you in case you go broke, until things get better.
The COVID-19 spreading like wildfire all over the world is taking its toll on the global economy. The unprecedented health crisis is currently paired with an economic crisis with significant repercussions on practically all sectors. Hervé Gindre, a French entrepreneur in Morocco, shares his views about the economic slowdown.
Banks sell loans, and regardless of whether you are an expat or national, they want you — the customer — to buy these loans. Bearing this in mind will help you understand that getting a loan as an expat is not out of the question, and it is worth considering if it will ease your life as an expat. But where do you start when applying for a loan in a country whose banking system is not overly familiar to you?
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