Take more of
your money with you
Whether you are buying a property in Spain for
investment, retirement or holidays at some point during the buying
process you will almost certainly have to exchange large sums of money
into a foreign currency. Many people automatically turn to their
bank for this foreign exchange not realising that alternatives are
available. However, poor exchange rates, high transfer fees and
commission charges all eat away at your money and mean that using your
bank could cost you dearly. However, by using a foreign exchange
specialist you can get more of your money time after time.
As an
alternative to your bank, a foreign exchange specialist is able to offer
you extremely competitive exchange rates, no commission charges and
lower transfer fees. This can mean considerable savings on your transfer
when compared to using a bank. In addition a foreign exchange specialist
will talk you through every step of the currency buying process making
sure that you are kept informed of any changes in the market that may
affect you.
Due to the volatility of the currency market exchange
rates are constantly changing and vary from one day to the next (as
shown in the graph). However, there are various options available to
help you get a great rate. Buying options include spot deals,
forward contracts and limit orders, many of which are usually not
available to private individuals through a bank.
Spot Deal
– If you need to transfer money quickly, this option will give you the
best rate available right now and guarantee it.
Forward Option
– If you’ve got a purchase date agreed or payments due on given dates,
you can fix a rate for up to 2 years.
This allows you to protect yourself against any movements in the market.
Limit Order
– This is used when you want to achieve a rate that is currently
not available. You set the rate that you want and the market is then
monitored. As soon as that rate is achieved the currency is purchased
for you.
If you
haven’t had to deal with these sort of transactions before it can seem a
little daunting, but Currencies Direct, a market leader in foreign
exchange, can help give you an exciting and cost-effective start to your
life abroad.
Offering a
tailored service to each client, you will be assigned a dedicated dealer
to talk with you, as often as you require, about up-to-date movements
and general predictions on market fluctuations – in plain English!
Offering competitive rates for all major currencies they will identify
the best opportunities for you and your money. With no charge for
registering, no obligation and no commission fee, Currencies Direct
offers a stress-free method of transferring funds promptly and
accurately.
The
information you need to potentially save thousands is only a phone call
away. To take control of your finances contact Currencies Direct today
and quote Property Choice.
·
UK
Head Office: +44 (0) 20
7847 9400
·
Costa
Blanca: +34 965 707 971
·
Costa
Del Sol: +34 902 310 444
·
Costa
Almeria: +34 902 889 030
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