With the ever changing variations in the exchange rate of Sterling against the Euro, changing your money at the right time and in the right way HAS NEVER BEEN MORE IMPORTANT and you can even make substantial savings.
People today are very much aware that when they go on holiday they can usually save several pounds by phoning around for the best exchange rate. This is because rates generally vary between the bank, local travel agents and the post office. The same rule applies when buying a foreign property, and it is possible to make substantial savings. Just 1% difference will save you £1,000 for every hundred thousand pounds of your property purchase cost.
If you are buying a foreign property you should strongly consider seeking independent advice from a Professional Currency Broker. It is their job is to buy foreign currency, on your behalf, at wholesale prices thereby making you substantial savings.
Here at Global Currency Transfer we have been helping people with their international currency needs for a number of years. We can offer you a Free, No Obligation Quote, as well as free, easy to understand, advice from a Professional Currency Broker who will weigh up your particular needs.
Remember with Global Currency Transfer there are:
- No Registration Fees
- No Commissions to Pay
- No Transmission Fees
- No Recipient Fees from all Banks
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Currency Purchasing Options
If you require your currency exchange transferred immediately, you can take advantage of a SPOT TRANSACTION. This way you can buy at a better rate and may even make further savings on the Bank Receiving Fees. Using this method it is fast and simple to transfer funds directly to your foreign bank account.
Should your currency be required at a later date, i.e. if you are buying off-plan and require the money to make stage payments on a specific date, you can choose what is known as a FORWARD CONTRACT. This method gives you the peace of mind by fixing an exchange rate and protecting yourself against currency fluctuations and possibly saving you a great deal of money.
Where there are no actual time constraints, you can stipulate a particular rate which you will be happy to wait for. When this rate is reached, the currency will be automatically purchased for you. Very substantial savings can be made in this way of purchasing currency which is known as a LIMIT ORDER.
