Every year hundreds of thousands of people need to transfer money from one currency to another, once they have decided to make the break and emigrate to far off shores, or even just buy a holiday home.
The foreign currency exchange market can be volatile and understanding exchange rate movements can be rather complex and stressful, especially to the inexperienced. Although the exchange of currency is just a small part of buying the property or moving abroad, the decisions you make could end up costing you a lot of money.
Exchange Rate Movements
Any movement in the foreign currency market will directly affect the cost of your new property in another country. If these new foreign currency exchange rates are not favourable, you could end up paying much more than you first anticipated.
Experts in Foreign Exchange
HiFX's team of experienced foreign currency consultants take the worry out of the process. We develop a thorough understanding of your individual circumstances. We then help you identify how best to achieve your objectives and protect yourself from adverse movements in the foreign currency exchange rate. Finally, when the transaction is undertaken we provide you with an exchange rate that is better than your bank whatever the foreign currency.
We provide:
- A personal, friendly and cost effective service from your own assigned dealer who can explain the process in jargon free plain English and talk you through the foreign currency exchange process.
- The exchange rates. These can be guaranteed for up to 12 months ahead whatever the currency.
- Free money transfer of funds overseas.
- Direct access to foreign exchange market and real time exchange rate information.
- Specialist and personal service with a thorough understanding of the complex currency markets.
- Fast and seamless international money transfers for any foreign currency.
Remember: You would never agree to buy a property in your country of residence if you did not know how much it was going to cost you; if you agree to buy an overseas property without fixing the currency exchange rate at the outset, you are taking a gamble.
Don't panic! If you are still confused, we have a team of dedicated currency specialists who will happily explain the various strategies mentioned above, and keep an eye on the currency exchange market for you.
Find out more about HiFX foreign exchange services.