Tag Archives: Rate

General Business

Platinum Sell – Achieve a High Rate

One thing is certain in today’s ambiguous economy: platinum’s high market value will not be going down. The natural availability of platinum metal is 35% rarer than gold. Platinum comes in various amounts and concentrations, which is stamped in fine print onto the metal. The higher the concentration, the more valuable it is. If an individual should go through his or her jewelry collection and find out the gold, platinum and silver items that he or she owns, it might be surprising just how much money it could be worth.

It is very important to educate oneself about the differences between the precious metals. Platinum and silver are often confused because they have a similar color but silver will either be stamped .925 or STERLING. Also, platinum has a much higher value per ounce than silver. Individuals who actually own platinum may not know that a single ring could sell for hundreds of dollars. There is a particular stamp which is seen at the back of rings and chains associated with platinum metals. How to sell platinum is really a big question to many individuals having no idea about the selling process.

Another important question in how to sell platinum is who to sell platinum to. There are thousands of businesses that claim to buy platinum, but only give sellers a fraction of the actual market value. It is vital that the sellers take their platinum to a reputable dealer who will give them a competitive price. Research will show that certain businesses are accredited by the Better Business Bureau with many positive testimonials from prior customers. Other businesses do not have these credentials and may have manipulated and taken advantage of platinum owners who didn’t know its true value. An individual selling his or her precious jewelry to a local trader may not be provided with a proper price.

The price of platinum changes every day, and an individual can easily find out how to sell platinum. This will help them get a rough idea of how much their collection is worth. With adequate research and understanding of the selling process, an individual can effectively learn how to sell platinum and where to sell platinum with the greatest personal success.

General Business

Rba Leaves Interest Rate Unchanged

The official cash rate has been left unchanged by the Reserve Bank of Australia.The Reserve Bank of Australia has left the official interest rate unchanged at 4.5 per cent.Glenn Stevens, governor of the organisation – which last upped the cash level in May, the month in which it later declared home loans were about the right level – predicted that the global economy will ease back to around trade price over the coming year, despite growing faster than this from the start of the year until mid-2010.

He pointed out that Aussie credit growth is fairly subdued and there is not a lot of movement in either direction in terms of asset values.Mr Stevens also noted that that consumer price index inflation has calmed down from its excessive pace of 2008 and been around 2.75 per cent higher throughout the past year and this looked “likely to continue in the next term”.

He added that the current monetary policy level means interest rates for borrowers are near to last decade’s average, but “the board regards this as appropriate for the time being”.”If economic conditions evolve as the board currently expects, it is likely that higher interest rates will be required, at some point, to ensure that inflation remains consistent with the medium-term target.”

In addition, the governor observed that public spending was important to drive demand for a number of quarters, but the impact of this is now less.However, this is in contrast to the latest Commonwealth Bank Business Sales Indicator (BSI), which revealed that the number of debit and credit card transactions at the organisation’s point of sale terminals increased by 0.1 per cent in August.

This reading was the first positive one since November, although there was a BSI decline of 2.7 per cent over the year – the worst since records began six years ago.

Forex Trading Articles

The Favourable Era of Online Exchange Rate Calculators

It can be very advantageous if you can easily convert Australian currency into most of the world’s currencies accurately within the shortest possible time. Therefore, exchange rate calculator can be the best possible alternative if you actually want to convert Australian Dollar against any of the world’s currencies instantly. It should be remembered that you can easily convert almost any currency against any currency with the help from extremely useful calculator.

You don’t need to worry about its overall operations as it has been fitted with latest technical inputs for added practicality and much needed convenience. However, you should be familiar with accurate exchange rate so that you can easily convert several foreign exchange rates with utmost perfection devoid of any errors. At the same time, you can get to know accurate and updated exchange rates on the net without any problems. You just need to explore the internet and you can easily have immediate access to online forex information and other relevant data instantly. However, you need to follow certain basic steps if you want to operate an exchange rate calculator in the most error-free technique. You simply have to enter an exact amount you want it to exchange and then you need to choose the currency from the drop down setting.

Afterwards, you again have to choose the currency with whom you want to exchange and then click the convert now key in order to obtain accurate end results. The calculator will definitely exhibit accurate result in the given box immediately without any errors. At the same time, you can get to know exchange rate of a particular currency with the help from this calculator. The calculator will be able to display perfect exchange rates as per the current foreign exchange rates instantly depending upon your current requirement and liking. Users can also send money globally after carefully converting the currency with the help from this unique and helpful calculator. The advent of advanced technology like the currency exchange calculator has actually transformed the overall concept of forex trading to a great degree without any doubt and users have benefitted from it.

Forex Trading Articles

Rising Libor Rate – Would That Boost USD’s Positive Flow

EURO zone’s Sovereign debt crisis concerns are escalated more trouble in the Forex market after the announcement of take over of Cordoba saving bank by the Bank of Spain. It is trying to save the cause of weakness of the country’s saving bank. The failure of saving banks leads to the weakness pressure on the funding market along with US dollar cost also seems to be risen. The cost of funding ultimately depends on the decision taken by the Central Bank on the merging proposal of all the four Spanish banks facing debt crisis.

LIBOR-OIS are providing signals of the financial need of the bank’s to each other where as currency pair EUR/USD cross-currency basis are demanding for the US Dollars rise. They are hoping for the liquidity that seems to be provided by the Central Bank of Spain. Since from past ten years consecutive five LIBOR rose rallies along with the US Dollars rise to three times as suggested by the LIBOR that we are still hoping for some great news from the US Dollar ends this year also. Although we know the fact of the financial crisis is the cost of funding along with its availability is the primary cause that begins from the past year that is 2007.

The Spain’s problem estimated a cost of almost 35 billion euro currency spending in the take over that may rise a hike on financial trouble over Spain. To fix the financial trouble the Central Bank has started taking measures on the merging process of four Spanish banks. The news of the market says about the Caja de Ahorros bank is planning to become a country’s fifth largest bank since many days from past. The IMF said on the behalf of Spain that the country is in under-pressure as fiscal consolidations needs to be speed up to regain its past budget structure rate.

As we are seeing that Spain is going through many troubles at once that is economic concerns along with Bank’s financial trouble that are leading to the weakness in country’s economy, huge fiscal deficits with low economic growth and external insecurity of finance. The IMF government has provide a hope to the Spain for taking good measures that will ultimately leads to the regain from the economic and financial trouble of the country.

In the past three month there was a rise seen in the LIBOR rate which rose for eleven consecutive days and reaches to the highest level yesterday since past year that is 2009. There was a negativity shown in the EUR/USD currency pair chart of cross-currency basis which indicates the demand of US dollars is still in strong position from the European banks. The Central bank have to take measure to increment the liquidity in the market because it was anticipated in the Global financial market the situation of money market will get worse as the time goes on.

Fed government has reintroduced the currency swapping with major Central banks along with ECB’s/EU/IMF from the past two week’s but we are not sure about the Fed that it will use it until the LIBOR rise more than the current status.

General Investing

Fixed Rate Bonds ‘Effective Tool To Beat Inflation’

Fixed rate bonds continue to dominate the higher end of the savings market.

Although these savings accounts offer guaranteed returns, there is a small gamble involved when using fixed rate bonds, as the general census follow the Bank of England base rate so there is no guarantee that you will continue to benefit from the best rates throughout the full term.

On the other hand, the base rate can also remain low or fall significantly as we saw when the recession emerged. In this case if you were lucky enough to put your savings into a fixed rate bond you could still be earning well above the average.

Some might think that because the base rate is at its lowest level on record, it can only go one way – up. But on closer inspection you will see that it hasn’t moved in over 18 months, and with the inflation rate exceeding 3% for the fifth month now, unless you find an alternative savings engine your savings account rate is unlikely to be strong enough to avoid the effects of erosion.

A basic rate tax payer currently needs to be earning at least 3.88% from their account to stop inflation eroding their savings, while a higher rate tax payer must earn 5.17% – a rate that’s unheard of in today’s market.

Savers hit hardest by the rise in inflation are those that rely on the in interest earned from their savings as a source of income, many of whom are pensioners. The average savings pot held by a basic rate tax payer is in effectively being eroded at an annual rate of 2.51%.

Darren Cook, spokesperson for Moneyfacts.co.uk, said: “Inflation is a stealthy enemy for savers and when rates are low, it quietly erodes the spending power of a hard earned nest egg. Savers may have had a short respite from a marginal fall in inflation, but savings rates have hit a plateau and may be there for a while.

“The average one year fixed bond rate has fallen from 3.07% in January to only 2.54% today and the average five year fixed bond rate has fallen from 4.56% to 4.08% for the same period.

“The average instant access savings rate is still at rock bottom at a rate of only 0.74%. The only trigger for any improvement in savings rates may be a surprise increase in the Base rate by the Bank of England, but this is most likely not to happen soon.

“To just break even, higher rate tax payers need to find an account paying 5.17%, a level that is nigh on impossible to achieve.

“Only 87 out of a possible 1,244 accounts allow a basic rate tax payer to just break even at 3.88%. 51 ISA accounts beat inflation at 3.10%.

“It is difficult for savers to try and beat inflation but at best, they should try and stay within an arms length and try and weather the storm of low rates and high inflation.”

Some economists believe that the base rate will remain at it’s historic low of 0.5% until 2014. If this were the case, then by investing in a 4-5 year fixed rate bond could allow you to earn at rate of 4.75% – around 2% higher than some of the best savings accounts on the current market. ICICI fixed rate bonds offer a range of terms and sit at the top of many comparison tables.

If you’re willing to lock your funds away for a period of 5 years, you could earn 4.75%, with the ICICI fixed rate bond.