Financial Advice

Prince Panda

Member

Member since 17 October 2010

Prince Panda

04 November 2010 08:32:51

Prince Panda

04 November 2010 08:32:51

Need some advice lads and ladies. Most of us save our money then send it back to our home countries frequently to our bank accounts there. I have been sending my riyals back to UK usually when the pound is weak, but what is the best currency to save the money in? I'm not sure if I will go back to UK in future so I don't want to save all my money in UK accounts. What about offshore accounts?

Julien

Founder

Member since 11 March 2005

Grand Baie

17 years of happy life abroad

Julien

04 November 2010 08:48:23

52415

Julien

04 November 2010 08:48:23

52415

Grand Baie

I guess you should contact our partner: https://www.expat.com/en/guide/global/o … expat.html (do not hesitate to mention Expat.com)

Macdin

Member

Member since 11 August 2010

Riyadh

Macdin

04 November 2010 10:15:37

Macdin

04 November 2010 10:15:37

Riyadh

Is that service available only to British citizens?

Julien

Founder

Member since 11 March 2005

Grand Baie

17 years of happy life abroad

Julien

04 November 2010 10:20:19

52415

Julien

04 November 2010 10:20:19

52415

Grand Baie

nope their offer is international

Prince Panda

Member

Member since 17 October 2010

Prince Panda

04 November 2010 11:36:09

Prince Panda

04 November 2010 11:36:09

Wow very detailed information from HSBC I will speak to them. Thanks Julien

Julien

Founder

Member since 11 March 2005

Grand Baie

17 years of happy life abroad

Julien

04 November 2010 11:41:55

52415

Julien

04 November 2010 11:41:55

52415

Grand Baie

You're very welcome, it took me a while to find the right partner

Prince Panda

Member

Member since 17 October 2010

Prince Panda

04 November 2010 23:49:14

Prince Panda

04 November 2010 23:49:14

What currency is best to save your hard-earned riyals in? E.g. I'm sending my money back to UK these days because the pound is weak (was nearly £1 = SR8 riyals before recession, now below SR6! It feels like a big bonus). The Americans don't have this privilege because the $ is set at SR3.75.

I guess I'm looking for someone experienced in FOREX.