So, you have come across this site and you are thinking…’this content is pretty good, this bloke seems to know what he’s talking about, but who is he?’ Why is he solely focused on bank exchange rates and the exchange rate today.
In the world of foreign exchange and financial markets that’s a fair enough question. Why take advice or even listen to someone you don’t know, particularly when there seems to be so much wrong with financial markets today?
Just when things are going smoothly, the bankers or a player in the market will lose a few billion dollars leaving us all scratching our heads wondering how anyone could lose such a large amount of money. Of course I’m referring to the latest turmoil to hit JP Morgan in which a complex credit bet that soured has lost the company 2 billions U.S dollars and counting. JP Morgan’s chief Mr. Dimon has largely sidestepped blame for the loss and has blamed lax safeguards for the loss. Regardless of who’s to blame, this kind of thing impacts on the confidence of those who rely on the banks for their core business of deposit taking and lending and its other function of providing a competitive bank exchange rate
My background in financial markets is diverse:
I have traded equities for over 10 years but more recently worked as a Corporate Foreign Exchange Dealer overseeing the foreign exchange exposures for small to large enterprises in Australia. Over this time and particularly over the last few years I have developed an intimate understanding of how foreign exchange and bank exchange rates impact on businesses as well as individuals.
Through my knowledge of this market, my aim is to provide information that will allow you to better equip yourself to manage your foreign exchange exposures and at the same time achieve a competitive bank exchange rate.