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What is an Exchange Rate and What Does It Mean? The exchange rate is defined as “the value of one nation's currency versus the currency of another nation or economic zone.” For example, the value of US $1 is the equivalent of K13.29* (Zambian Kwacha). Exchange rates change day to day, and for anyone traveling or working abroad, the exchange rate can have significant impact on your living expenses and...

Money Management Strategies For Those Working Overseas Managing your finances while living abroad can be challenging. Overseas workers often find their personal wealth suspended across borders, with bank accounts in different countries and income in different currencies. Taxes, transaction fees, currency conversions, and restrictions around opening a bank account are common headaches an overseas worker...

Finance Tips: How To Save More And Spend Less Abroad Visiting a foreign country is exciting. The best way to experience everything a different culture has to offer is by going out to eat, visiting historical sites and museums, taking tours around, and going to events. Going on vacation is one thing; living abroad in a foreign country is another matter. Splurging a little while seeing the top-rated...