Episode 9 - The IFX FACTOR - International Currency Exchange

Property Talk from Louise's Lounge

Today Exclusive Links brings to you Episode 9 of our Podcast, Property Talk from Louise’s Lounge. This month’s episode will be hosted by Managing Partner of Exclusive Links, Zarah Evans, over zoom from her home in Scotland. Zarah is joined by Associate Director of IFX Dubai, Sarah Duthie and together the ladies chat about “The IFX Factor - International Currency Exchange.” Sarah has a Financial & Mortgage background in the UK of 10 years and over 13 years in the UAE in similar industries. IFX has been a long term preferred partner of Exclusive Links looking after many of our customers Foreign Exchange needs. Sarah talks through the volatility and general influencers of currency exchange and how news and data coming out of each country can have such an impact on how currency fluctuates and how forecasting can be so difficult.

• Brexit, Trump, Covid have all had huge impacts on foreign currency exchange rates. What other factors have influenced worldwide currency exchange over the last 5 years?
• Zarah asks Sarah to explain the process for an individual wanting to set up a trading facility and how long funds normally take to hit your nominated bank account.
• Did you know there are no fees to set up or maintain an account with IFX? Sarah goes on to explain transparently how IFX recoup their fees and how they can offer exchange rates that are lower than banks.
• Together Zarah and Sarah touch on how both the property and currency markets have witnessed UAE residents losing their jobs and being left no choice but to sell their property and transfer sales proceeds out of the UAE to their home country - a continuous negative knock-on effect of the pandemic during 2020.

Louise will be back for the next episode of Property Talk from Louise’s Lounge and please check out our Podcast page and tune into an episode that you think you will enjoy.