Foreign Exchange Services
If buying a property overseas, whether as an investment, holiday or retirement home, or to live permanently, it is likely that you will have to pay for your property in Euros or Dollars.
Foreign Exchange Services and obtaining the best rate when moving to a new country is something that you should give considerable thought to, as it could be one of the biggest decisions you make. You will certainly want to get the best start possible. As part of the process, you will need to transfer a local currency sum into your new home currency.
Case studies for both property and emigration
Exchange rate volatility will play a key role in your local currency transfer. It is not uncommon for currencies to fluctuate by as much as 10% over a relatively short period of time.
Here are a few examples:
The Euro – A property in Europe for 200,000 Euros in May 2005 was equivalent to £134,526.13 Two months later, due to changes in the exchange rates, the price was £136,873.80 By securing an exchange rate in advance the purchaser would have saved £2,000
The Dollar – A property in America for 200,000 Dollars in April 2005 was equivalent to £104,096.18 Three months later, due to changes in the exchange rates, the price was £115,134.42 By securing an exchange rate in advance the purchaser would have saved £11,000
The Australian Dollar - A property in Melbourne for 200,000 Australian Dollars in April 2005 was equivalent to £80,073.68 Three months later, due to changes in the exchange rates, the price was £84,922.08 By securing an exchange rate in advance the purchaser would have saved almost £5,000
In addition, you can take advantage of the following:
A dedicated dealer to assist throughout your currency transaction
24 hour market monitoring enabling you to benefit from currency fluctuations outside of normal banking hours
Regular Payment Plan - smaller regular transfers
Extended office opening hours 7:30am - 10:30pm Monday to Friday and 10:00am – 4:00pm on Saturday
TTT Moneycorp Privilege card to purchase currency and travellers cheques commission free and at preferable rates of exchange from any of our retail branches in central London, or at Gatwick and Stansted airports
Peace of mind dealing with a company that has been trading foreign currencies since 1979; is the only foreign exchange company in the to have been certified to ISO 9000 Quality Assurance and last year traded in excess of £4 billion in currencies
Fast, efficient worldwide transfers
No commission charges