The foreign exchange marketplace has regularly featured in the press in the last few months. Because of the large amount of speculative activity focussed on the euro and record amounts of euro investments sold, there have been growing criticisms of the market as a whole. Political leaders across Europe have fought for an overhaul to the market, so that hedgers cannot make money from the monetary problems of certain Eurozone nations.

Whether or not you carry out direct currency investment, it is likely that you shall require the foreign currency exchange market at least once in your life. This can take place in one various ways, including when you buy a home abroad, go on vacation or spend time living overseas. In all of these examples, the foreign exchange market plays its role. For example, if you purchase a property in Portugal then you shall be required to convert currencies in order to pay the local mortgage. You may do this by visiting your high street bank and demanding a transfer of funds but there are now other cheaper ways of transferring money from one currency into another.

One of the quickest and cheapest ways of transferring large amounts of funds between currencies is by using a foreign exchange merchant. There are numerous reasons for the cheaper cost, and the most important one is focussed around the exchange rate that you, as a customer, are offered. Firstly, traditional banks offer their customers a rate which is much less appealing than the wholesale rate that they deal to one another, called the Interbank rate. Currency brokers can offer much better rates to you, because they deal principally and directly with the foreign exchange market. In addition they have far smaller operational costs than big banks.

However, it is vital to weigh up foreign exchange companies in order to receive a good offer. There are many available, and they usually offer a separate service for their business and private clients. Every day, they display the money exchange rate for each currency pair, it is a recommended idea to have a look at these prior to using a broker, to secure the best rate.

Any broker that trades money directly must be fully regulated, so check that the company is approved by the FSA or the local equivalent. This ensures that they have adequate measures in place to battle money laundering and other financial crimes.

No matter what your reasons for needing a foreign exchange service, it is worth bearing in mind that rates of exchange change often. As with the issues of the euro in recent times, currencies can change their values drastically from one day to the next. If you are worried about risk, a good foreign exchange broker should provide a variety of hedging services. These are designed to drive down your exposure to currency movements on the foreign exchange market.

Is Traders Hotel Singapore a 4 star hotel, and is it worth trying it out for the holidays. In my humble opinion – YES.  It is in a great spot, it’s clean and it has a good branding behind it.  For what you pay, it is worth the money.  Below are 3 feedbacks you should read.

Below are 3 more reasons to visit this 5 star hotel…

1. ”Our stay was very enjoyable: we use to go to Traders hotel every summer, we have been there for many years in a row and we always go back because of the good service, nice rooms, enjoyable buffet and very good value for money. This year the stay was very good, in particular, our room was bigger than usual and very conveniently located on the corner of the building. it was particularly good to have the breakfast included in the discount rate, since the breakfast buffet is very good and rich and we relly like to enjoy our breakfast there. We are definetly going back to Traders next summer when we are in Singapore, like every year.” - portion of feedback from asiaroons.com

2. “Guests who stay in any of the 546 rooms and suites can choose from four restaurants and bars, including a poolside restaurant, a casual pub, and a casual café. A lush garden surrounds a freeform outdoor pool, children’s pool, and jacuzzi. The fitness centre has saunas, steam rooms, and treatment rooms (surcharge) offering massage therapy, reflexology, and aromatherapy.” Traders hotel is closely situated to Orchard road (20 min. on foot or 10 minutes with free shuttle) in a quiet and green area. The hotel is professionally run and its services are top range (although mangement itself modestly presents the hotel as mid range). The rooms are quite spacious with excellent A/C (very quiet and comfortable)and the best beds I’ve experienced in a long time; real feather duvets and pillows! The room was spotlessly clean. Personnel was friendly and helpful. Food was really good and the breakfast buffet impressive in choice and quality. I really have difficulties to say anything negative and can only come up with one thing; the mini-bar is too expensive. As an example Euro 4 for the smallest Coke bottle available is a bit too steep! portion of feedback from www-singapore.com

3. “very friendly hotel for visitors, everybody is helpfull, it is clean, fresh, and good atmosphere. Relaxed. Very divers breakfast. Good filled refrigirator. SVery good to advise for business people or just spend for a few days leisure, shopping, located centrally next to Botanic Gardens and Orchad Road – few minutes walk. Tanglin shopping centre next door. I should advise this hotel to everybody.” portion of feedback from agoda.com

Look, My wife and I stayed at this hotel, and we loved it.  It was close to everthing, from shopping, transport, and great local food!  For more a candid review and feedback, visit http://www.tradershotelsingapore.net/ and get the ratings and reviews

Prepaid Legal