December 2024 Monthly
Currency Report for SME’s

Energy, Experience, Expertise. Download Your Corporate Foreign Currency Exchange Report

Download Your Free Currency Report - December 2024

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Protect Your Business with Monthly Currency Reports

Our free monthly currency exchange report aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX business. Read more about the impact of exchange rates on international commerce.

Download our free monthly currency report and to keep up to date with key events throughout the month. The free currency reports analyse historical charts and provide the basis for discussion with stakeholders across your foreign exchange business. The monthly currency report provides a useful resource and meaningful insights for currency risk management policies.

For more helpful information for small and medium enterprises, check out our guide to trade finance for UK SMEs.

GBP – November in review

Another twenty-five-point cut

  • Reeves has upset Business
  • 100 days in power
  • Growth fell in Q3
  • Monetary policy supports Sterling

GBP – December what to watch

BoE may slow the pace of cuts

  • MPC members concerned about prices
  • Starmer looks east, not west
  • EV rules set to change
  • Sterling to rally versus the Euro

USD – November in review

Trump wins at a canter

  • Trump wins four more years
  • The Cabinet is packed with loyalists
  • October employment falls close to zero
  • The dollar saw a significant rally

USD – December what to watch

Rate cut may have to wait

  • Trump promises tariffs from Day one
  • Bessent may target the Fed
  • The Fed will cut rates gradually
  • The dollar should remain strong

EUR – November in review

Germany and France in turmoil

  • Le Pen returns to the Fray
  • The German economy is flatlining
  • The German coalition collapses
  • The euro closes on parity

EUR – December what to watch

A recession is considered likely

  • A December rate cut is now inevitable
  • Inflation is expected to fall to 2% in ‘25
  • The Eurozone faces structural issues
  • The Euro has very few friends

Don’t take our word for it.
see what others are saying

The best I've found

I just completed my first transaction (GBP to USD) with CurrencyTransfer and I will certainly be coming back whenever I have a currency need. Account setup was smooth — even with all the regulatory hoops. They were efficient, responsive, flexible, and the web-based trading interface gave me an excellent rate, close to spot. Once I'd settled the trade, the funds we're transferred to the destination bank almost immediately. What more could you want?

Daniel R

United States

Highly customised support

Used Currencytransfer.com in connection with a house purchase in France. Involved a mixture of forward and spot transactions, and several adjustments to take into account changing deadlines. The team there provided a highly personalised service, pulling out all the stops to ensure the funds arrived on time after delays elsewhere. Would highly recommend for complex, high value transactions, and am planning to use them regularly from now on to top up my French bank account.

Alex

United Kingdom

Excellent Service

I have made two transfers so far and all has gone smoothly. Good exchange rates when compared to other exchange sites, and notifications at every step to keep you informed. Queries, if you have them, are answered promptly via personal email. So far excellent service.

Peter K

Spain