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  • Western Union Business Solutions - Businessweek: Sales of Structured Notes Tied to Mexican Peso Triple in 2012
    the most monthly sales for the securities since 2010 Bloomberg data show Investors were betting the currency could rise because of weakness in the dollar due to an expected third round of quantitative easing by the U S Federal Reserve Joe Manimbo a Washington based market analyst for Western Union Business Solutions said at the time Read the full article on businessweek com Category Media Coverage Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Mexican peso advances amid uplifting domestic economic data Economic data indicating the second biggest economy of Latin America developed more in the third qua Mexican peso falls against greenback amid concerns for Chinese economy The value of Latin America s most traded currency dropped against the world s reserve currency on Tu Mexican peso builds momentum Strong U S housing data that exceeded expectations strengthened the value of the Mexican peso on Tu Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news Ireland Italy Japan JPY MXN New Zealand Portugal Spain United Kingdom United States USD Archive 2012 December 51 November 109 October 97 September 76 August 78 July 79 June 61 May

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Businessweek-Sales-of-Structured-Notes-Tied-to-Mexican-Peso-Triple-in-2012.aspx (2012-12-22)
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  • Western Union Business Solutions - The Wall Street Journal: New Zealand Dollar Up A Tad Late;Business Confidence, Equities Support
    a market mover but nevertheless provided support Western Union Business Solutions Corporate Dealing Manager Chris Hunter said Read the full article on wsj com requires login Category Media Coverage Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Wall Street Journal New Zealand Dollar Up Late Following Moves in Australian Dollar From Wall Street Journal The New Zealand dollar was trading slightly higher Tuesday against the gr The Wall Street Journal New Zealand Dollar Tad Higher Late Rangebound in Thin Trade From The Wall Street Journal WELLINGTON The New Zealand dollar remained largely rangebound in thi Wall Street Journal New Zealand Dollar Higher Late on QE3 Prospects Aussie Dollar Strength From Wall Street Journal The New Zealand dollar was trading higher late Friday getting a lift from Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news Ireland Italy Japan JPY MXN New Zealand Portugal Spain United Kingdom United States USD Archive 2012 December 51 November 109 October 97 September 76 August 78 July 79 June 61 May 82 April 81 March 87 February 74 January 87 2011 December 84 November 82 October 78 September 70 August 57 July

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/The-Wall-Street-Journal-New-Zealand-Dollar-Up-A-Tad-Late3bBusiness-Confidence-Equities-Support.aspx (2012-12-22)
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  • Western Union Business Solutions - Denver Business Journal: Western Union boosts B2B transfers, helps Graebel unit
    existing strengths to take Western Union to the next generation Hikmet Ersek CEO of Western Union told the Business Journal when the Travelex acquisition was announced in July 2011 The global cross border payments market for small businesses is a 24 billion a year market and it s underserved he said Ian Taylor senior vice president of global sales for Western Union Business Solutions said technology has helped more small companies do business overseas Global trade is expanding despite economic slowdowns Taylor said You can be a single person operating a virtual business all around the world E commerce has accelerated the dropping of borders and trade protectionism Smaller U S businesses may miss out on cost savings opportunities by paying for goods and services in U S dollars instead of local currencies Western Union can make payments in local currencies as well as hedge currency fluctuation risks Taylor said Western Union Business Solutions competes against big money center banks for cross border payments business but also partners with small and regional banks to help their small business customers We have hundreds of banks partnering with us in the U S Taylor said They partner with us for the same reason that small businesses partner with us Western Union already had established banking relationships in the majority of countries in which its business solutions unit operates and has a well recognized brand which helps sell the service to potential clients he said Jon Brock founder and president of Greenwood Village based Desert Sky Group switched from one of the nation s largest banks he wouldn t name it to Western Union Business Solutions to handle his firm s Canadian payments Brock s firm provides management consulting and market analysis to electric water and gas utilities in the United States and Canada and he was having difficulty depositing Canadian dollar checks into his U S bank The bank would send it to collections and it would take 30 days to convert he said I asked other big U S banks and it was the same story So I started digging around and figured out there s got to be a better way He said his checks were too small for the big banks but too big for the airport kiosk type currency converters Brock found Western Union Business Solutions via Google and says the turnaround on his Canadian dollar checks is now one day In fact he sounds like a commercial for going local because he also changed banks to locally owned and Lakewood based FirstBank Holding Co I m finding opportunity with Colorado based companies that I wasn t finding before Brock said They re helping me grow Read the full article at bizjournals com requires subscription Category Media Coverage Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Western Union

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Denver-Business-Journal-Western-Union-boosts-B2B-transfers-helps-Graebel-unit.aspx (2012-12-22)
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  • Western Union Business Solutions - San Francisco Chronicle: Euro Drops Versus Yen as EU Ministers Meet: Canada Dollar Falls
    s peso rose on wagers for record remittances Negative risk sentiment is a reflection of the underlying uncertainty that remains in the market in terms of unease in Europe that nothing is a foregone conclusion said Joe Manimbo a market analyst in Washington at Western Union Business Solutions a unit of Western Union Co Investors are still clinging to that notion that Greece wins that payday so that s keeping a floor under the euro Read the full article at sfgate com Category Media Coverage Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Reuters FOREX Euro drops versus dollar yen as EU officials meet From Reuters The meeting comes as investors focused on whether and when Spain will request aid as Reuters Dollar Up Versus Yen Euro After Bernanke Speaks From Reuters NEW YORK Feb 29 Reuters The dollar rose against the euro and yen on Wednesday aft Bloomberg Euro Drops Versus Dollar Yen on Greece Crisis Contagion Concern From Bloomberg Businessweek The euro fell for a third week against the dollar reaching a four mont Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news Ireland Italy

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/San-Francisco-Chronicle-Euro-Drops-Versus-Yen-as-EU-Ministers-Meet-Canada-Dollar-Falls.aspx (2012-12-22)
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  • How the FX Market Functions – Western Union Business Solutions
    the FX market functions Foreign Exchange is the world s largest financial market It runs 24 hours a day and only closes for a few hours each week Other than the Chicago Mercantile Exchange CME where currency futures trade there is no physical FX market Rather the market is an interconnected network of bank traders brokers dealers and fund managers Indicative and executable pricing is shared through electronic dealing platforms such as Reuters Bloomberg EDS and proprietary platforms London remains the main foreign exchange trading Center with just over 50 of the flow London is nicely situated to catch the end of the day in Asia and the beginning of the day in North America As such London foreign exchange traders typically put in 12 hour days In a 2010 BIS survey http www bis org publ rpfx10 htm average daily FX turnover was calculated to be 4 0 trillion To put this in perspective the New York Stock Exchange the world s largest equity market traded approximately 153 billion daily in 2008 The vast majority of FX trades more than 90 have nothing to do with international payments whether for imports or exports but are executed for speculative purposes and to a lesser extent hedging purposes Learn How to Read Currency Exchange Rates Inbox Intelligence Market intelligence delivered right to your inbox for free Newsletter Sign Up Corporate Solutions Outgoing Payments Incoming Payments Risk Management Industry Solutions Resource Centre Industry News Media Coverage Newsletters White Papers Webinars Events Calendar FX101 Glossary About Us Corporate Profile Global Headquarters Security Compliance Careers Press Centre Strategic Alliances Affiliate Application Personal Transfers Overview Western Union Business Solutions is a division of The Western Union Company Western Union acquired Custom House Currency Exchange Singapore Pte Limited in 2009 and Travelex Singapore Pte Ltd and

    Original URL path: http://business.westernunion.sg/resource-centre/fx-101/how-the-fx-market-functions/ (2012-12-22)
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  • How to Read Currency Exchange Rates – Western Union Business Solutions
    quote currency The currency pair indicates how much of the terms currency is needed to purchase one unit of the base currency Foreign Exchange market convention is such that most currencies are quoted directly against the US dollar A direct quote always indicates the amount of foreign currency to buy or sell one US dollar Other common direct currencies include USDJPY Japanese yen USDCHF Swiss franc and USDMXN Mexican peso Currencies quoted indirectly include GBPUSD British pound EURUSD Euro AUDUSD Australian dollar and NZDUSD New Zealand dollar There is no particular reason why a currency is quoted directly or indirectly it is a standard market convention that has evolved over time If you want to see the rate in terms of Singapore dollars the SGD rate as opposed to US dollars the USD indicative rate you must find the indirect rate Indirect rates are shown with the USD listed second For example SGD rates are indirect rates and are formatted as SGDUSD i e the value of one Singapore dollar in USD terms USD rates are direct quotes and are formatted as USDAUD EXAMPLE A US company needs to pay 50 000 SGD to their supplier in Singapore today The quoted rate for SGDUSD is 1 5699 This means that it will cost not including margins 1 5699 US dollars for each SGD that they need to purchase today 50 000 x 1 5699 78 495 So 50 000 SGD will cost the company 78 495 US dollars today Learn about Bid vs Offer Inbox Intelligence Market intelligence delivered right to your inbox for free Newsletter Sign Up Corporate Solutions Outgoing Payments Incoming Payments Risk Management Industry Solutions Resource Centre Industry News Media Coverage Newsletters White Papers Webinars Events Calendar FX101 Glossary About Us Corporate Profile Global Headquarters Security Compliance

    Original URL path: http://business.westernunion.sg/resource-centre/fx-101/how-to-read-currency-exchange-rates/ (2012-12-22)
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  • Bid vs. Offer – Western Union Business Solutions
    yields X of the terms or settlement currency the second currency in the pair For example a USDSGD exchange rate of 0 9950 means that 1 USD will yield 9950 SGD Since the rate on the bid is always lower than the rate on the offer it is then easy to determine whether you are on the bid or offer when asking for a quote If you are buying the unit currency from your dealer you will always receive a price that is higher than the price at which you sell it as your dealer always wishes to buy low and sell high As such the price you receive will be on the offer AUD GBP NZD and EUR are all quoted in European terms against the USD That is the foreign currency is always the unit currency or the first currency in the pair i e AUDUSD GBPUSD etc There are a few other minors and exotics that are quoted as such but in general most other currencies are quoted in American terms with the USD being the unit currency This is important because once you understand the pair and direction which currency are you buying and which are you selling determining which side of the market you should be quoted on is a breeze For example with AUDUSD one would buy AUD from the customer on the bid thereby selling them USD Alternatively one would sell or offer the unit currency AUD on the offer and buy the second currency USD EXAMPLE A company in Singapore will need to purchase 100 000 US dollars to pay for imported goods The USDSGD quoted rate is 1 0625 on the bid and 1 0675 on the offer by convention the USD is the unit currency and SGD is the terms

    Original URL path: http://business.westernunion.sg/resource-centre/fx-101/bid-vs-offer/ (2012-12-22)
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  • Cross Rate – Western Union Business Solutions
    home currency unit x foreign currency units How to Derive a Cross Rate from a Direct Quote Direct Quote Rule divide the terms currency by the base currency on the opposite side EXAMPLE Derive the rate for JPYSGD Bid Ask USDJPY 119 25 119 65 USD is base JPY is term USDSGD 1 0485 1 0535 USD is base SGD is term The JPYSGD Bid rate divide the term currency bid by the base currency ask 1 0485 119 65 0 008763 this is the rate at which the market buys JPY and sells SGD The JPYSGD Ask rate divide the term currency ask by the base currency bid 1 0535 119 25 0 008834 this is the rate at which the market sells JPY and buys SGD How to Derive a Cross Rate from a Direct Quote Indirect Quote Rule multiply on the same side EXAMPLE Derive the rate for EURSGD Bid Ask EURUSD 1 3798 1 3858 USDSGD 1 0432 1 0502 The EURSGD Bid rate divide the term currency bid by the base currency ask 1 3789 x 1 0432 1 4394 this is the rate at which the market buys EUR and sells SGD The EURSGD Ask rate divide the term currency ask by the base currency bid 1 3858 1 0502 1 4553 this is the rate at which the market sells EUR and buys SGD How to Derive a Cross Rate for an Indirect Quote Indirect Quote Rule divide the base currency by the terms currency on opposite sides of the spread EXAMPLE Derive the rate for GBPEUR Bid Ask GBPUSD 1 9850 1 9950 GBP is base USD is terms EURUSD 1 3460 1 3520 EUR is base USD is terms The GBPUSD Bid rate divide the base currency bid by the terms

    Original URL path: http://business.westernunion.sg/resource-centre/fx-101/cross-rate/ (2012-12-22)
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