Wednesday, May 24, 2023

How to Use Privacy Settings to Protect Your Data on Instagram

Instagram has around 2.35 billion monthly active users at present. It passed 2 billion in the fall of

2021 and is expected to have more than 2.5 billion by the end of this year. If you’ve stayed away from Instagram because of privacy concerns or want to tweak your account’s privacy settings, look no further: we wrote this guide just for you.

Use 2FA

Experts recommend two-factor authentication highly because, with it, your username and password

aren’t enough for someone to hack your account. Instagram gives users two login options. You can

log in via Google or another third-party authentication system or receive a text code to your phone

when you log in.

Turn Off Your Status

Your activity status lets other users know when you are on the app. If you feel like chatting, this can

be a good thing, but if you’d rather not be disturbed, it can get annoying.

Restrict or Block Accounts

You can stop pesky users from seeing your videos or images. When you block someone, they can’t

search for your name either. Your activity won’t show any comments they leave. However, you won’t

be completely hidden from view.

If someone doesn’t log in, they can still see your account. At the very least, having specific users blocked on Instagram may save you some trouble because your posts won’t show up on their timelines.

You can also limit who accesses your posts on Instagram. If you restrict someone’s access, only you

and them will be able to see their replies to your stories or any comments they leave on your posts.

Remove Tagging

Your friends on Instagram can see and comment on your pictures as well as tag you in images they upload, which identifies people in the picture. Your profile can integrate those pictures automatically, and any user can see them. If you don’t want all the images you were tagged in to be accessible, you can disable tagging.

Limit Third-Party Access

Third-party apps let users apply or experience Instagram in all kinds of new ways. You can use apps

to check what interests your followers the most, engage with them in unique ways, or apply novel filters to your pictures before uploading.

However, some apps don’t uphold standard privacy requirements and might end up disclosing or

collecting more data than you find acceptable.

protect data on instagram - instagram logo

Use Stories

Stories are short posts that disappear 24 hours after you post them. People can’t see them in your

regular feed. You can see them at the top of the feed as buttons. Stories are a great way to share

something important or exciting without retaining it forever.

You can set videos and pictures as stories by pressing the camera button at the top. Adjust settings

and preferences under Controls. You can also block people from reshaping your stories. Still, users

can share stories as screenshots, so you can’t stop them from sharing your images.

Minimize How Much Metadata You Upload

Metadata includes geographic location, authors, and timestamps. Pictures uploaded to Instagram

with metadata can reveal more details than you might feel comfortable with. You can disable your location on iOS by toggling off the camera’s access to location services.

Some apps will let you see and get rid of metadata before you upload a picture. They are an option if you want to keep location services active but without the metadata.

Scan Your Privacy Settings Regularly

Instagram makes changes to its platform now and then, just like all social media. Some changes are aimed at improving security. Others are designed to introduce new features.

Every time there is an update, check your privacy settings. Their new features aren’t necessarily safe, so it might be a good idea to check for the medium’s latest version followed by “privacy.”

This will reveal any concerns about new features and how to deactivate them.

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Monday, May 22, 2023

What Happens When Your Fleet Vehicle Gets Involved In A Car Accident?

If you’re a small business owner or entrepreneur, having your fleet vehicles involved in a car accident can be stressful and overwhelming.

You know that the repercussions of an accident often go beyond costly repairs—potential damages and legal liabilities quickly arise, not to mention the potential for accidents involving other parties.

At Tweak Your Biz, we have experience dealing with fleet accidents and want to help you better understand what to expect when it comes time to assess the damage and take corrective action.

With this guide, we’ll walk you through everything from conducting an initial damage assessment to understanding any insurance coverage implications, as well as discussing alternatives when it comes to repairing or replacing your vehicle.

So relax, and take comfort in knowing what steps should occur after any type of vehicular mishap so you can confidently move forward with minimal disruption.

Understanding the Roles and Responsibilities of Everyone Involved in a Car Accident

First things first, it’s important to understand what to do after an accident, as well as who can be held accountable if legal action is taken.

Here are some things to keep in mind: 

The Driver – It’s important for drivers to understand their responsibilities when operating a vehicle. This includes following the laws of the road, understanding company policies regarding fleet vehicles, and exercising caution while driving.

Fleet Manager – The fleet manager ensures all company vehicles are in good working order, including regular maintenance checks and safety protocols.

Insurance Company – The insurance company provides coverage for any damages resulting from an accident. They are responsible for compensating any parties affected by the incident, including the driver and all other drivers involved in the accident.

Law Enforcement – Law enforcement is responsible for providing an official police report required if you want to pursue legal action.

Procedural Protocols to Follow After an Accident 

After an accident, it’s important to know the proper protocols to follow.

Some of these protocols include the following:

  • Conduct damage assessment
  • Contact your insurance provider
  • Determine the eligibility for coverage
  • Develop a repair or replacement plan
  • Follow up with all parties involved

Let’s get into an overview of each of these.

Conduct Damage Assessment

valet car gets in accident - damages

It’s important to conduct a thorough inspection of the vehicle and take detailed photos, if possible.

This is necessary to determine the extent of damages incurred and can be used as evidence when pursuing legal action or filing an insurance claim.

For more info on car accident claims, check out this guide on how much compensation you can recover.

Contact Your Insurance Provider

It is important to contact your insurance provider as soon as possible after an accident.

They can provide guidance and assistance on filing a claim, determine if there are any gaps in coverage, and provide advice on how to proceed with repairs or replacements.

It’s also a good idea to get a car accident attorney involved at this point. This can help ensure that any legal proceedings are properly managed and that all parties involved receive adequate compensation.

Determine the Eligibility for Coverage

It’s important to determine the eligibility for coverage when it comes to a fleet vehicle accident.

This will depend on the type of coverage you have and whether or not any third party is involved. It’s important to understand your policy in order to determine who may be responsible for damages, as well as if there are any gaps in coverage.

Develop a Repair or Replacement Plan

Once the damage assessment is complete, you can begin to develop a plan for how to proceed with either repairs or replacements.

The fleet manager should review the cost of necessary repairs or replacements and decide which option makes the most sense for the company. It’s important to ensure that you are making the most cost-effective decision to minimize any disruption from the accident.

Follow Up with All Parties Involved

valet car gets in accident - law enforcement

Finally, it’s important to follow up with all parties involved after an accident. This includes law enforcement, insurance companies, and any other drivers or passengers who may have been affected by the incident.

Repairs and Replacements for Damaged or Destroyed Fleet Vehicles 

Once the proper protocols are followed, it is time to start repairs or replacements for damaged or destroyed vehicles.

Repairs will usually be the most cost-effective option for fleet vehicles as long as they can return the vehicle to its pre-accident condition in a timely manner. If not, then it may be necessary to replace the vehicle.

In either case, it’s important to understand all the costs associated with repairs or replacements and decide which option makes the most sense for your business.

This will depend on various factors, such as the age and condition of the vehicle, availability of parts, cost of labor, and any applicable warranties.

Developing a Post-Accident Fleet Safety Plan  

Developing a safety plan for the fleet after an accident is also important.

This includes implementing preventative measures such as:

  • Driver training
  • Vehicle maintenance
  • Regular inspections

These can help ensure that any future accidents are minimized, and the safety of your drivers and fleet vehicles are maintained.

Tips to Help Avoid Car Accidents in the Future

Finally, there are a few tips that you can use to help avoid car accidents in the future: 

  • Ensure that all drivers are properly trained and follow safety protocols
  • Regularly inspect and maintain fleet vehicles
  • Implement GPS tracking systems on all vehicles
  • Abide by local speed limits and traffic laws

By following these tips, you can help reduce the risk of future car accidents and protect your fleet vehicles from any potential damages.

Wrap Up

Car accidents can be a costly expense for any fleet manager. That’s why it’s important to understand the protocols that need to be followed after an accident and the options for repair or replacement.

It’s also essential to implement preventative measures to reduce the potential for future accidents and keep your drivers and fleet vehicles safe.

By following these tips, you can ensure that your fleet vehicle is back up and running quickly, with minimal disruption and expense.

Do you have any questions? Let us know in the comments below!

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Sunday, May 21, 2023

Business Hacks That Get the Job Done in 2023

What does it take to survive and thrive in the post-COVID era? For business owners, there are dozens of worthwhile tactics that get the job done. Many entrepreneurs who operate in the highly competitive economic environment of the 2020s have rediscovered the importance of following up with customers after each sale.

Other owners manage their daily operations by using the most appropriate business intelligence software for their company’s size, niche, and operational style. Additionally, leaders in the commercial world leverage core strategies for long-term success. Those techniques include careful management of time, extensive networking, smart outsourcing, establishing telecommuting arrangements, and preparing for the next pandemic. Here are the ways they achieve those goals.

Do Extensive Customer Follow-Up

Organizations of all sizes can benefit from concentrating on doing proper follow-up after each sale. The most significant challenge for startups and large corporations in the digital era is customer retention. With enough of the right kind of advertising, hard-working entrepreneurs can usually find enough new clients to create an initial cash flow. But too often, there’s not a strong enough effort made to retain clients and turn them into loyal, repeat buyers.

Focus on Selecting Business Intelligence Software

In the hectic working environment of the 2020s, it’s essential for owners, entrepreneurs, and managers to have a business intelligence (BI) software system that suits their organization’s needs. There is no such thing as a one-size-fits-all approach when it comes to such vital products. Just as there is no universal management style, home design, or investing method, there is no ideal BI configuration or application for everyone.

Best Business Hacks - Business Intelligence

The bottom line is to find a way to make data-focused decisions in an accurate and timely manner. Organizations with the highest likelihood of success are the ones that anticipate the future and adapt BI solutions to their changing needs. In fact, neglecting to adapt in this way can mean failure, while companies that are willing to employ custom-made solutions and products are more apt to survive for decades.

Leaders need to transform complicated data sets into practical insights. When that happens, they gain a few steps on the competition. In the 2020s, there’s no doubt that one of the industries expanding the fastest is BI-oriented software, systems, applications, and related solutions. Up until now, Microsoft has led the niche with its Power BI offering, the segment’s most-used platform. Though it’s incredibly popular and profitable, Power BI is not the best fit for all businesses or departments.

That’s because there are many alternatives to Power BI that are cost-beneficial for a wide range of organizations in every sector. There are several factors for decision-makers to consider when shopping for a BI solution. They include things like the types of data they use, their need for different levels of integration, the size of work teams, the industry in which the company operates, the varying level of reliance on data visualization, and more.

Every case is unique, which is why managers decide on a case-by-case basis. It’s important for owners to understand that even if they’re already using Microsoft’s product, they might still have a need for additional intelligence capacity in the form of a different system. Right now, most businesses use three or four BI software products simultaneously. To gain a deeper understanding of what’s out there, be sure to review an all-in-one guide that goes into detail about Power BI’s five most capable alternatives, along with the strengths and weaknesses of each one.

Meticulously Manage Time

Smart managers and decision-makers know something about making the most of the time they have in each working day. If you struggle with getting basic tasks done within a standard eight-hour shift, explore one of the many online courses that teaches the principles of managing personal schedules. Because the discipline is more science than art, anyone can learn the principles and apply them to their everyday situation.

Best Business Hacks - Time Management

Never Stop Networking

Networking is forever. The secret that successful business leaders understand is that the process of building professional networks is an ongoing process. There’s no point where you’ll say, “that’s it,” and stop. Designate at least 15 minutes per day for networking. Make calls. Shore up relationships. Send texts and emails to people you haven’t spoken with in several months. In general, recoup old connections and work on developing new ones.

Be Honest About Outsourcing

Get serious about outsourcing by making a list of chores that could be done better by an outside service provider. Focus on retaining all tasks that are under the umbrella of your strongest skill sets. Everything else can be handed off. Always shop around before signing a service contract. In the B2B space, prices vary a great deal, and the talent pool is large enough that quality is all over the map. Take time to get referrals and do plenty of online research about every provider on your outsourcing shortlist.

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Saturday, May 20, 2023

How Can Escrow Services Help Build Your Property Management Business?

Business owners deal with the exchange of funds and transfers on a daily basis. This is the reason escrow accounts are used to manage the financial transactions of the businesses. Now, what exactly is this escrow account? It is the type of account managed by a third-party service to hold funds or assets on behalf of the business owner, increasing the security level. It ensures that the funds and assets of the property managers are protected until the agreed-upon conditions are fulfilled. The third-party service is called an escrow agent that acts neutrally as an intermediary between the tenants and the property manager.

Why Your Property Management Business Needs Escrow Services?

If you own a property management business, you definitely need escrow security deposit accounts to hold money or property while it sits unclaimed. It means that the third party is the owner of the escrow account. Escrow deposits can hold your property/funds for a specific period of time. But how does it help in building your property management business? Keep reading to find out more. 

Escrow Service Build PM Business - Escrow Service

Saves Effort and Time

You might have heard the saying time is money. This holds true not just in the business world but in every aspect of life. Escrow services can highly reduce your paperwork to a large extent. This means you now have more free time to perform important tasks for your business assets. Additionally, it saves your efforts too. And in this busy world, who doesn’t want to save effort and time in performing business activities? 

Reduces Risk

Business owners are constantly at risk of holding funds when they invest in real estate. They are constantly in fear that their funds might get stolen or misrepresented. To get rid of that fear, the escrow account is there to help you. It keeps your funds protected by holding them in a secure place. Besides, it reduces the risk of any fraud taking place drastically. This becomes all the more important when you frequently face the issues like tenants damaging your property. Why? Because it ensures that you receive your property intact before they get their funds back.  

Maintains a Record

Escrow accounts always document the transactions occurring between the property managers and the clients. So, you need not worry if you are renting out any high-value property to tenants. Recorded transactions can help you a lot in case any fraud takes place. The owner of the escrow account has the right to hold funds in case the tenant does any damage. 

Acts as a Security to Your Business

In the world of business, it is foolish to commit to someone a business transaction that is not backed by anything but only word of mouth. Rightly following the process of attracting good tenants can work well, but you still don’t have any form of guarantee. Don’t believe the words of tenants even after you are done with the negotiation and agree on the terms and conditions of the purchase agreement. That’s where an escrow account comes in as a security for your property management business. You can ask your tenants to deposit the security funds in the escrow account. In this way, you save yourself from the frustrations of dealing with tenants who are usually too busy. When a third party manages the funds, there is a surety that tenants can’t meddle with your payments. So, you have secured your business with the escrow accounts. 

Prevents Disputes on Payments

As a business owner, you deal with thousands of transactions on a daily basis. Those transactions may come at the cost of payment disputes. But the occurrences of such disputes are lowered with the escrow account. These accounts streamline the entire payment system, which is beneficial not only for property management business owners but also for tenants. You say goodbye to all the uncertainties and welcome a well-coordinated structure of fund transfer with the escrow accounts. In short, it acts as a record keeper and enforces the payment procedures. 

Legal Paper Trail

Legal entities treat the documentation of the escrow accounts as verifiable papers. As a licensed property manager, even federal government agencies like the internal revenue service can uphold the records of escrow business transactions. Such transactions are acceptable when you go to file the tax returns. Furthermore, IRS can refer to your escrow documentation while auditing the capital gains in your business. 

To Make a Long Story Short 

Having escrow services by your side can grow your business exponentially. And who doesn’t want that? You can be far more successful than you are now. It keeps you away from the pressure of getting any damages to your property. And there is no denying the fact that it helps you attract more income. So, protect yourself from unfortunate risks and start building your business with the escrow account. 

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Thursday, May 18, 2023

What is the Business Impact of Sales Enablement?

In today’s competitive business landscape, organizations constantly seek ways to enhance their sales processes and maximize revenue generation. One powerful solution that has gained significant attention is implementing a robust sales enablement program. 

Businesses can achieve remarkable outcomes by aligning sales and marketing efforts, equipping sales teams with the right tools and knowledge, and optimizing the buyer’s journey. In this article, we will explore the business impact of sales enablement and delve into the various subtopics that make it a crucial aspect of modern business strategies.

Increased Sales Effectiveness

A strong sales enablement program directly impacts sales effectiveness, ensuring sales teams can achieve their targets.

By providing comprehensive training, product knowledge, and continuous coaching, organizations empower their sales professionals to engage with customers and address their pain points effectively.

Sales enablement also enables reps to deliver personalized, relevant content at each stage of the buyer’s journey, leading to higher conversion rates and shorter sales cycles.

Enhanced Sales and Marketing Alignment

One of the critical benefits of a robust sales enablement program is its ability to foster better alignment between sales and marketing teams. By establishing a shared language, clear goals, and collaborative processes, organizations can eliminate the old silos that hinder success.

Sales enablement ensures that marketing creates valuable content and assets that directly support the sales team’s efforts, enabling them to engage prospects and close deals effectively. For more ways to increase sales, check out this guide.

Streamlined Buyer’s Journey

business impact of sales enablement - sales

A robust sales enablement program helps businesses gain a deep understanding of the buyer’s journey and the challenges faced by potential customers. This knowledge empowers sales teams to deliver the right message, at the right time, to the right audience.

With sales enablement tools, reps can guide prospects through each stage of the buyer’s journey, nurturing relationships and building trust. By addressing buyer concerns promptly and effectively, organizations can accelerate the path to purchase and boost customer satisfaction.

Improved Sales Productivity

Sales enablement plays a crucial role in optimizing the productivity of sales teams. By providing streamlined access to sales collateral, training materials, and prospect data, organizations save valuable time and effort for their sales professionals.

Automated tools and technologies allow reps to focus on selling rather than administrative tasks, resulting in improved efficiency and revenue generation. With the right enablement strategies, businesses can drive greater productivity and achieve better sales outcomes.

Accelerated Onboarding and Ramp-Up

business impact of sales enablement - teamwork

An effective sales enablement program significantly reduces the time required to onboard new sales representatives. By providing structured training, access to playbooks, and mentorship programs, organizations can quickly bring new hires up to speed.

Sales enablement ensures that reps clearly understand products, customer pain points, and the organization’s value proposition, enabling them to become productive contributors faster. Accelerated onboarding saves costs and allows businesses to capitalize on market opportunities swiftly.

Data-Driven Insights and Continuous Improvement

Sales enablement leverages data analytics and reporting to provide valuable insights into sales performance and effectiveness.

By tracking key metrics, such as conversion rates, win-loss ratios, and customer feedback, organizations can identify areas for improvement and make data-driven decisions.

Continuous improvement initiatives, fueled by sales enablement, enable businesses to refine their strategies, optimize sales processes, and achieve sustainable growth.

Conclusion

A robust sales enablement program is crucial for driving revenue growth and achieving business success in a dynamic and competitive business environment.

From aligning sales and marketing efforts to streamlining the buyer’s journey and empowering sales teams with the right tools and knowledge, sales enablement has a profound impact on an organization’s bottom line.

By recognizing the significance of sales enablement and implementing effective strategies, businesses can position themselves for accelerated growth and enhanced customer.

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Embracing Technological Innovations for Enhanced Business Productivity

Technology has revolutionized the way organizations operate worldwide, optimizing efficiency and allowing them to concentrate on essential tasks, such as strategic decision-making and fostering collaboration.

However, the question remains: how are companies adjusting to this digital transformation, and what supplementary measures can be employed to boost efficiency to even greater heights?

Lea Sellers moderated a roundtable discussion featuring the following experts:

  • Leon Gauhman, Chief Product and Strategy Officer, Elsewhen
  • Brian Brackenborough, Global CISO, Channel 4
  • Nick Reeks, Director IT, Tata Steel UK
  • Fergus Boyd, CTO, IP Dividual
  • Juan Villamil, CIO, Imperial College London
  • Conor Whelan, CIOO, Experian

Transitioning into a Technology-Driven Organization

technology innovations enhanced business - engineering

The roundtable began with a discussion on how transforming into a technology-driven organization enables employees to maximize performance and enhance the company’s core value delivery. The speakers shared their insights on this topic.

For Nick Reeks, Director of IT at Tata Steel UK, technology is a crucial aspect of their business. They are dedicating resources to research and development in order to comprehend how future technological innovations will influence their products and determine the best ways to proactively adjust to these changes. Furthermore, they are exploring methods to reduce the carbon footprint of steel manufacturing through technology.

Conor Whelan, CIOO of Experian, views the situation as a continuation rather than a revolution. He notes that automation has been present for years and has been integrated into core plans. By incorporating artificial intelligence and machine learning into automation, businesses can continually learn and adapt.

Overcoming Obstacles to Business Productivity

Lea asked the panelists if human minds could be an obstacle to productivity. Juan Villamil, CIO of Imperial College London, responded that technology leaders must ask fundamental questions about their objectives and be realistic about their goals. Implementing technology for its own sake can lead to challenges.

Brian Brackenborough, CISO of Channel 4, argued that businesses should focus on finding solutions that suit the entire company, not just individual departments. This approach requires convincing people to compromise and work together for the greater good.

Leveraging Data and Tools to Enhance Productivity

Leon Gauhman (Chief Product and Strategy Officer of Elsewhen) emphasized the importance of organizations utilizing technology to improve productivity. He suggested that businesses should provide tools that utilize the organization’s data in context, allowing them to move forward and work with various types of tools.

Check out the full roundtable discussion on ‘Harnessing Technology to Boost Business Efficiency and Growth‘ to explore these insights further.

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Sunday, May 14, 2023

The 5 Most Traded Currencies in the World Today

When it comes to the world of foreign exchange (forex), some fiat currencies are more popular to buy and sell than others. The Bank for International Settlements states there are 180 national currencies in circulation in 2023. Interestingly, just ten of these comprise more than 90% of all traded volumes in the forex market.

Given that the forex market sees $6.6 trillion worth of currencies traded daily, that means almost $6 trillion is traded in only ten of the world’s 180 fiat currencies. You can therefore gauge just how influential the top ten fiat currencies are to global commerce.

Within this article, we’re going to explore the top five most traded fiat currencies in 2023 and discuss why these currencies are so popular to forex traders.

US Dollar (USD)

most traded currency - us dollar

The US dollar is far and away the most liquid fiat currency on the planet. So valuable is the USD that all the so-called ‘Major’ forex pairs involve the US dollar, also nicknamed the greenback. The US dollar is the currency issued by the Federal Reserve, the central bank of the United States of America. More than two-fifths of trades placed daily in the forex markets involve the US dollar.

Since the end of World War II, America has been one of the most prosperous economies on the planet. In fact, shortly after World War II, America’s gross domestic product (GDP) accounted for half of the world’s total economic output. Hence why the USD became the ‘gold standard’ for currencies, with most precious, hard, and soft commodities also priced in USD today.

Because of this, the US dollar is often benchmarked against other fiat currencies as a measure of their value and performance. There is an index known as the DXY which plots the strength of the USD against a cluster of other leading fiat currencies. The DXY chart moves up when the USD is strong against other major currencies and down when the greenback weakens in the market against the same currencies. The other currencies used to compare the USD in the DXY include the Euro, the Japanese yen and the British pound, all of which feature in this list.

Euro (EUR)

The Euro is the second most popular fiat currency traded on the forex markets. It’s little surprise when you consider that the Euro is the official currency used by all European countries within the Eurozone. This now includes 19 of the member states of the European Union (EU). The Euro is overseen by the European Central Bank (ECB), which acts as its gatekeeper for issues such as inflation and interest rates.

The Euro’s strong influence in several African economies means the EUR is often pegged to certain African currencies, especially those that frequently export goods to the EU. Although the concept of having a unified fiat currency across dozens of member states in the EU is designed to offer strength and stability, it can pose issues when one member state experiences economic strife, with other nations duty-bound to bail out their neighbors or face the threat of escalating economic instability.

most traded currency - coins

Japanese Yen (JPY)

The Japanese yen is the most traded fiat currency in Asia right now. Its daily trading volumes are said to total $554 billion, due largely to its robust economy. The Japanese yen is controlled by the Bank of Japan (BoJ), which has a notoriously firm grip on inflation in the national economy. Even so, the BoJ is also well-known for its use of negative interest rates to stimulate consumer spending.

Japan is one of Asia’s most influential producers of goods such as automotive vehicles and parts, integrated circuits and chips, as well as photography equipment and accessories. The JPY is often used as a barometer for the health of the Pan-Pacific economy, given that the likes of South Korea, Thailand, and Singapore trade regularly with their Japanese counterparts.

British Pound (GBP)

The British pound (sterling) ranks as the fourth most traded fiat currency in the world today. With approximately $422 billion of GBP traded daily on the forex markets, the British pound remains an influential currency in global commerce. It’s also one of the oldest fiat currencies too, predating the Anglo-Saxon era.

The GBP is also the world’s fourth largest reserve currency, with sterling said to equate to almost 5% of all global reserves by value. The strength of the pound is, unsurprisingly, intrinsically linked to the performance of the UK economy. One of the most profound impacts on the value of GBP in recent years was the UK’s decision to leave the EU, with the uncertainty surrounding its future trading relationship causing significant volatility for the pound.

Australian dollar (AUD)

The Australian dollar is the fifth most traded fiat currency on the planet, scooping approximately $223 billion of daily traded volumes in the forex markets. The AUD is issued and controlled by the Reserve Bank of Australia (RBA) which maintains its monetary policy surrounding interest rates and inflation.

The AUD fluctuates depending on the value of precious and hard commodities, given that Australia is one of the world’s leading exporters of iron, copper, and coal. It’s also one of the biggest importers of oil, which can affect the value of AUD when oil becomes more expensive.

Trading currencies on the forex markets is no problem at all. You’ll always find high levels of liquidity day or night.

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