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The Rise of Pound Sterling and Franc

Posted June 14, 2014 by admin with No Comments in Business Economy

LONDON AND PARIS EXPLAIN THE RISE OF POUND AND FRANC THE gradual character of the upward movement in the principal European exchanges is less spectacular but, in the opinion of foreign observers, it is more significant than any spasmodic sudden rise would be. Last week the pound went up to $4.36, which is within sight of the par Value of $4.8665. The previous week it had been $4.25, as compared with $3.79 a year before. Likewise, the franc which has been slowly climbing during the last three weeks from .082 to .0841, and on to .0858. shows a marked improvement over the figure of .068, of January 1921. Similar improvement is shown in the Belgian franc and the Italian lira. …

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Foreign Exchange Money Tips

Posted March 11, 2014 by admin with No Comments in Business Economy

Foreign Exchange American travelers abroad this winter will have to use greater judgment than heretofore in the exchanging and spending of money, for the fall of the dollar has been to the disadvantage of the tourist. In the past few seasons, the American traveler has reaped the benefit derived from the exchange of his dollars for the depreciated currencies in several countries. But the tables have been turned in a number of countries, and the American traveler accordingly finds himself paying considerably more than he did a year or two ago. This increase holds in Great Britain, France, Germany, Italy, Belgium, Holland and Switzerland. The exchange rate of a number of currencies, however, is still below par, thus favoring the …

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