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Globe Trotting New-Age Women

Sunday, 20 November 2011
November 20, 2011

 

The need to discover and experience is deep within every human being. That is the reason why since ancient times people have set their sails in discovery of that faraway land. Journeys bring in a lot of enthusiasm and anticipation about the time to come.

For a long time, if a woman travelled abroad she usually went with her spouse or the family. Once in a while, a woman would move abroad for studies or jobs. Woman travelling alone for wanderlust was rare to come by. There is no doubt though that the trend is catching up. And if you are planning to be one of those globe-trotting voyagers, here are a few pointers that will help you make your journey a memory of the lifetime.

Travel Itinerary and Expenses

Travelling alone will definitely be a distinct experience than travelling with family. Since you will be travelling alone it is apparent that you have to be fully responsible for the entire travel.  Preparation is an important aspect that will go a long way in making your trip easy. One helping factor would be a travel itinerary. A rough outline of the stay, like accommodation and expenses, would be very beneficial. A copy of the same and your contact details should be provided to a close friend or relative, in case of emergency.

If you are travelling with a touring company find out details regarding what the packages cover. Here are a few aspects you must be absolutely clear about.

Transport: Details of whether the travel agency covers the charges for the flight to and fro. Would they be providing any transport for local sightseeing?

Accomodation: Are they providing hotel accommodation? Most travel agencies do but you need to find out if the hotel suits your tastes.

Diet: It would be advisable to enquire and inform about your dietary requirements. You should inform the hotel beforehand if you have any specific dietary requirements, like vegetarian, vegan, no dairy or simply if you are allergic to some foods.

 

Research And Discuss

Research is the most important thing to do before setting out on a voyage all by yourself. Read books, blogs and surf the internet for information on your destination. It would be good to discuss in travel forums. It would be good to know what to expect to a certain extent. Although the actual visit will be eventful in its own way!

 

Couchsurfers Unanimous

Couchsurfing is a concept introduced by a USA based non-profit, social networking website called Couchsurfers Inc. The concept has evolved independently since then. So Couchsurfing is a practice of moving from one personÔÇÖs house, who could be a friend or a stranger who has offered space in their house to another person for a brief period of time. The person provides free lodging and may or may not charge for the food. It has become a popular choice for people travelling abroad on budget.

If you have a couchsurfer hosting your trip it would be best to chat up at least a month before the trip just for feelers. You could exchange your photographs or have telephone conversation. These measures will ensure that there won't be any unpleasant surprises once you land at the place. On the host's part, they would be happier to oblige. They would be curious about you as much as you are about them. They don't want an obnoxious stranger or some sociopath to land up at their place either.

Find Friends But Don't Hurry

Precaution is always good. Once you are abroad you would want to practice that definitely. Throughout the journey there would be a good chance to make friends. Still it would be good if you wait and find out more about strangers before you decide to become friends. It could be someone from your region or country or be it the local citizens of the new country, but take your time. Instinct will help just as well! Transaction of money would be an absolute no-no except for sharing a dinner bill once a while.

Dress Appropriately

Travelling abroad to some exotic country is a good way to gain insight into its culture. Especially during local sight-seeing, it would be best to blend in with the crowd in matters of attire rather than giving a culture shock to the locals. Although most cultures are tolerant towards foreigners, it would be best not to stand out. Combining the cultural look with your preferred regular wear is your best bet. A tunic over a regular pair of jeans could be the best choice in societies that are still conventional in such matters.

Haversack Happy

Mostly while travelling alone, a haversack is a smarter option compared to a strolley. Haversacks tend to accommodate the whole universe! And if you are worried about your steam-ironed party wear, one way to keep the fold intact is to roll it up and tuck it in a rarely used compartment, so that you don't have to remove it a thousand times. Unlike a strolley, haversack can also be carried around during local sight-seeing or shopping.

Documents And Money

It would be always advisable to carry the necessary documents along with you even while on your local shopping rounds. Do make it a point to carry some sort of photo-identity proof with you. Always carry some loose cash and put them in various pockets as well as in a money belt. Or better still opt for international credit cards or travellerÔÇÖs cheques.

Moderation in everything you do will ensure that you will definitely have a safe and happy trip. Just these basic aspects to take care of, a little bit of preparation and you will have that perfect travel story to tell, with the right mix of adventure and surprises.

 

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Foreign Exchange Rate is a term that plays a crucial role in holding the economic balance of the world at large. Also know as forex rate or FX rate, it is the rate at which currency of one nation is traded for the currency of another. Exchange rate can be fixed through multiple means which bring forth different kinds of rates.

 

They are:

Fixed Exchange Rate

The rate at which a country keeps the value of its currency constant against another is known as fixed exchange rate or pegged exchange rate. Fixed weight of gold, a fixed amount of another currency or a basket of other currencies is the yardstick to decide the worth of one currency, when the country concerned follows fixed exchange rate system. Simply put, it is the fixed rate at which the countryÔÇÖs government is ready to buy or sell its currency.

Floating Exchange Rate

When a country opts to follow a system wherein its currency's value is made to fluctuate as per the changes in the foreign exchange market, then that country is said to be following Floating or Fluctuating Exchange Rate system. Then the currency thus comes to be known as floating currency.

Fixed Vs Floating

There are different theories which debate on their preference for fixed or floating exchange rate regimes. One school of thought prefers floating exchange rate to fixed exchange rate because it tends to adapt automatically, thus reducing the impact changes in foreign business cycles might bring in. The other theory supports fixed exchange rate for the stability and certainty it offers to the economy.

 

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Remittances by the UAE based migrant workers grew 11 per cent in 2010, at a faster pace compared to the 6.1 per cent surge in the amount remitted by expatriates across the GCC,  a leading global money transfer company said.

Money remitted by foreign workers in the UAE rose to $10.54 billion in 2010 from $9.51 billion in 2009, ÔÇ£a clear indication that after a protracted downturn and a slump in job market during 2008 and 2009, the countryÔÇÖs economy had returned to a recovery mode,"
Mr. Y. Sudhir Kumar Shetty, Chief Operating Officer - Global Operations, UAE Exchange, said.

Mr. Shetty said "even the uptick in the GCC remittance market in comparison to the global figures reflects the resilience of the region in the wake of increased investments in development projects. With the exceptions of the construction related sectors, UAEÔÇÖs traditional industries including trade, hospitality and tourism have shown robust growth to underpin the migrant job market."

Total expatriate workersÔÇÖ remittances from the GCC rose to $63.75 billion in 2010 from $60.03 billion in the previous year, up 6.1 per cent compared to an upturn of 2.44 per cent in worldwide remittances that, according the World Bank, reached $325 billion from $317.23 billion in 2009.

The International Monetary Fund, or IMF, predicted that outward remittances from the GCC, which has over 12 million expatriates and is the second largest source of private financial transfers, second only to the US, are estimated to reach, $74.9 billion in 2011 on the back of an all-around growth fuelled by higher oil revenues. A World Bank forecast says that the total amount of remittance to developing nations will continue to increase in the coming years with a growth of about 6.2 per cent in 2011 and 8.1 per cent in 2012.

"India, the largest recipient country, in terms of both global and GCC remittances , accounts for roughly 50 per cent of money transferred from the Gulf, estimated to be between $25 and $30 billion in 2010," Mr. Shetty said.

Mr. Shetty said, "the first four months of 2011 also showed similar robust trends. Global remittances through our exchange grew eight per cent to $5.84 billion in the first four months, while the GCC and the UAE  showed growth rates of seven per cent and two per cent to reach $4.1 billion and $2.66 billion respectively during the same period."

UAE Exchange, UAEÔÇÖs home-grown global brand leader in money transfers with a network of 510 branches across 23 countries, accounted for 64 per cent of total worker remittances from the UAE in 2010. ÔÇ£There has been a steady growth in the volume of remittances through UAE Exchange from the UAE, the GCC and globally. In 2010, workers from the UAE remitted $6.7 billion through our exchange, up 11 per cent from $6 billion recorded in 2009.ÔÇØ
Mr. Shetty said.

Total remittances transacted through UAE Exchange in the GCC rose to $11.04 billion from $9.4 billion, boosting its regional market share from 16b per cent to 17 per cent, while worldwide money transfers transaction through the company almost hit $17 billion, up from $15,7 billion, accounting for 5.23 per cent of the global remittance market, Shetty said.

According to World BankÔÇÖs Migration and Remittances Factbook 2011, India continued to be the largest recipient of remittances in 2010. Remittances rose from $49.6 billion in 2009 to $55 billion. Combined, India and China, which received $51 billion in remittances, account for almost a quarter fo the worldwide remittance flows of $440 billion in 2010.

India was ranked the second largest number of emigrants after Mexico. 11.4 million people from India went abroad in 2010 while 5.4 million came to India, making India No. 10 in the global list of nations atractiong the most immigrants. India is the second largest Asian country only after Saudi Arabia to attract most immigrants.

With a rising population of more that 215 million international migrants in the world, remittances received by developing countries alone are estimated to be to the tune of $325 billion in 2010, states a World Bank study.

Pakistan received 13.32 per cent higher remittances o $9.4 billion in 2010.

The World Bank estimated the inflow of expatriatesÔÇÖ remittances to Lebanon at $8.2 billion in 2010, a rise of 8.2 per cent from $7.6 billion in 2009 and $7.2 billion in 2008 and $5.8 billion in 2007. Remittances flows to the Philippines haven risen by 7.8 per cent taking the country among the top 5 nations with highest remittances. Bangladesh, the eighth most populous country, is ranked 7th among the nations receiving highest remittances.

Source: Khaleejtimes

 

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remittance | global remittanceIndia is the largest recipient country in terms of both global and GCC remittances, accounting for roughly 50% of money transferred from the Gulf, an exchange company official has said.

According to Mr. Y. Sudhir Kumar Shetty, the Chief Operating Officer of the UAE Exchange, "The sum remitted during 2010 was estimated to be between USD 25-30 billion. Money remitted by foreign workers in the UAE rose to USD 10.54 billion in 2010 from USD 9.51 billion in 2009, a clear indication that after a protracted downturn and a slump in job market during 2008 and 2009, the country's economy had returned to a recovery mode."

Mr. Shetty said "the uptick in the GCC remittance market in comparison to the global figures reflects the resilience of the region in the wake of increased investments in development projects. With the exception of construction-related sectors, UAE's traditional industries, including trade, hospitality and tourism, have shown robust growth to underpin the migrant job market."

"Total expatriate workers' remittances from the GCC rose to USD 63.75 billion in 2010 from USD 60.03 billion in the previous year, up 6.1% compared to an upturn of 2.44% in worldwide remittances that, according to the World Bank, reached USD 325 billion from USD 317.23 billion in 2009." Mr. Shetty added.

"Global remittance through our exchange grew 8% to USD 5.84 billion in the first four months, while the GCC and the UAE showed growth rates of 7% and two per cent to reach USD 4.1 billion and USD 2.66 billion, respectively, during the same period," he said.

The UAE Exchange transfers money through a network of 510 branches across 23 countries and accounted for 64% of total worker remittances from the UAE in 2010.

"There has been a steady growth in the volume of remittances through the UAE Exchange from the UAE, the GCC and globally. In 2010, workers from the UAE remitted USD 6.7 billion through our exchange, which is up by 11% from USD 6 billion recorded in 2009," Mr. Shetty said.

Total remittances transacted through the UAE Exchange in the GCC rose to USD 11.04 billion from USD 9.4 billion.

According to the World Bank's Migration and Remittances Factbook 2011, India continued to be the largest recipient of remittances in 2010, with remittances rising from USD 49.6 billion in 2009 to USD 55 billion in 2010.

Courtesy: moneycontrol

 

 

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