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Currency rates Saudi Riyal

Currency rates Saudi Riyal

The Saudi Shoura Council of Saudi Arabia have rejected a move to tax the incomes of individual expat workers in the public and private sectors at its 18th regular session. Secretary General of the Shoura Council Dr. Mohammed Al-Ghamdi said the council made the decision after hearing the arguments for and against the proposal. He added that since proponents of the move could not attain the requisite majority in the house to secure approval, it was …

Pricing currency options

Pricing currency options

Options and Derivatives What is an Option? An Option grants the buyer the right, but not the obligation to buy or sell the underlying asset at an agreed price (strike) on a set date or within a period of time in the future. A Call Option grants the buyer the right to buy the asset, and a Put Option grants the right to sell the asset. When you buy a Call on a Currency, you are automatically buying a Put on the other currency in the currency pair, and …

Currency exchange rate today

Currency exchange rate today

Calling all property-buyers! Today’s £/€ exchange rate is more favourable for people transferring pounds than it has been for nearly two years, so if you’ll need to make a euro payment to complete your overseas purchase in the near future, or you’re emigrating, you time to take action is NOW. At the end of April, the pound reached a 22-month high against the euro. You’ll probably have seen …