When it comes to navigating the complex world of foreign exchange and international payments, knowledge is your best ally. That's why we've compiled a guide to the key dates and events in for December 2023 to be aware of when making cross-border payments.
Whether you're a seasoned trader or just dipping your toes into the financial waters, understanding these economic events can make a significant impact, and allow you to make informed financial decisions.
But that's not all—we'll also introduce you to Equals Money's international payments service, your trusted partner for fast, seamless, and secure currency exchange.
Read on to stay informed and discover how we can empower your international financial transactions.
Jobs data from the US will be key throughout this week with the release of JOLTS job openings, ADP payrolls, and non-farm payrolls. Anything to suggest that the job market is not slowing as much as expected will likely add to inflationary concerns, which in turn should ease current pricing of Fed (Federal Reserve) rate cuts. Could this week mark the start of a US dollar recovery?
US inflation will be another key barometer on what the Fed are expected to do next year. The Fed, BoE (Bank of England), and the ECB (European Central Bank) will do their final interest decision of the year with no changes widely expected but the more important factor will be the release of the Fed’s dot plot and own expectations for 2024.
In the last week before Christmas, we have inflation numbers due out from Europe and the UK. Further exaggerated falls will no doubt amplify rate cut bets by the BoE and ECB for next year. We also have the Bank of Japans final rate decision of the year
Now that you're aware of the key economic events taking place in October 2023, let's talk about how Equals Money can elevate your international payments experience. Our service is designed to make your life easier and your transactions smoother.
- Competitive rates: We offer competitive exchange rates for over 140 different currencies to ensure you can get the most of out of each transaction when converting currencies or making cross-border transfers.
- Tried & trusted: Since starting in 2005, we've helped our customers move and manage over £10 billion around the world.
- Fast payments: With connections to SWIFT, UK Faster Payments, and SEPA, make same-day and next-working-day transfers to make sure your money reaches where it needs to promptly.
- Range of solutions: Make payments using our full portfolio of options such as spot trades (a one-off instant transfer using the live exchange rate), forward contracts (fix a current exchange rate for a future transaction up to 24 months in advance), and more.*
- Currency expertise: You'll get the support and expertise of a specialist currency account manager who can help you put together a strategy for overseas payments.
In conclusion, staying informed about key economic events and dates is vital for making informed financial decisions. Whether you're monitoring GBP, EUR, or USD, these dates can significantly impact your currency exchange rates.
Get in touch or request a quote today to learn more about our full suite of solutions.
*Equals Money can only offer forward contracts to facilitate payments for goods and services
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