Ok, school time for anyone that doesn't know.
The side wall ratio is a percentage of tyre width. This means that not all 50 ratio tyres are the same side wall height, a 245/50 will have a 24.5mm taller sidewall than a 245/40 (the difference being 10% of a 245mm tyre width). A 195/50 is not as tall as a 245/50, the 195 will have a sidewall height of 98mm while the 245 will be 123mm tall, nearly an inch in difference.
You may be able to get slightly larger tyres on your Fiesta without causing any clearance issues but is not without drawbacks.
- It will affect your speedo reading, meaning that for an indicated speed by the speedo you are now travelling faster than you were before. This means you may break the law unintentionally.
- It will affect your braking by making the brakes less effective due to a reduction in the 'leverage' or effective torque that the brakes can generate.
- You need to make sure the tyre load and speed rating are still suitable for your car.
- The additional height places more force on the wheel bearings and wheel studs, but in cases of an increase of only 5% this should be well inside the safety margins of good quality OEM standard components.
- It is a modification that must be declared to your insurance.
Alternatively, as has already been said, if a smaller rim will fit without interfering with the brakes and suspension components you might be able to add wall height that way. Reduce the wheel diameter by 1" and this allows another 1/2"(13mm) of wall height without affecting the overall tyre diameter if you make a corresponding increase in tyre side ratio.
Combine the two approaches and you could easily add a full inch to the tyre sidewall. Going from a 195/50R15 to a 195/60R14 will increase sidewall by 20mm while a 195/65R14 will give a sidewall increase of nearly 30mm, but the overall increase in tyre size makes this a bit of a step too far maybe.
Horses for courses, you may need a car more suitable for the roads you are driving but these changes will of course make the car look less sporty or cool or modern in many peoples eyes.