Foreign Currency Exchange

Foreign Currency Exchange Calculator

The exchange rates displayed above should only be used as a guide. For live market rates please call 0800 783 4313 or +44 (0) 20 7989 0000 for a no obligation quote. This facility is powered by Foreign Currency Exchange Ltd., a specialist currency provider who can save you time, money and protect your funds against currency fluctuation.

Foreign Currency Exchange

Foreign Currency Exchange Rates, Good Advice Saves You Money

When you are looking to buy property abroad, one of the most commonly overlooked factors is the current exchange rates. This can have a huge impact on the overall cost of your property. By using a specialist currency broker for your transfers you can save both time and money.

For more information and frequently asked questions about foreign currency exchange then see our fuller article in the tag  ’Useful Information’ plus use our currency exchange calculator. http://www.frenchpropertyconnect.com/useful-information/foreign-currency-exchange/

Foreign Currency Exchange

FAQs About Foreign Currency Exchange

Emma of French Property Connect says: “When you are looking to buy property abroad, one of the most commonly overlooked factors is the current exchange rates. This can have a huge impact on the overall cost of your property. By using a specialist currency broker for your transfers you can save both time and money.
 

Why use Foreign Currency Exchange rather than my bank?
Foreign Currency Exchange can save you money and provide you with a more personal and efficient service than your bank. They are a foreign exchange specialist. This means that the volume of currency trades and lower operating costs allows them to pass significant savings onto their clients. At Foreign Currency Exchange, Aidan Kilvington is the main contact who will ‘hold your hand’ through the whole procedure from start to finish. One of the key factors to making significant savings on your currency exchange is timing. Aidan can keep you informed of market activity which could enhance your savings further.

How do I begin trading with Foreign Currency Exchange?
Once you have opened an account at http://www.foreign-currency-uk.com/private_open_account.asp  The account is free and does not obligate you, you are then in a position to book exchange rates via telephone. If we offer you a rate which you accept we will immediately fax, email or post confirmation of the contract. You may email or return by fax or post the onward payment details of your currency as a section of the contract note allows this.

How long does it take to transfer my funds abroad?
For most major currencies same day and next day transfers are to be expected. Foreign Currency Exchange uses SWIFT method for all transfers which is the quickest and safest way to transfer funds worldwide. As with all bank to bank transfers, the time it takes to receive the funds in the beneficiary account is also dependent on the receiving financial institution which can sometimes cause delay. With this in mind we send you confirmation of payment on all our international transfers.

What rate will I be offered?
Our rates are commercial levels of exchange based on live ‘interbank’ prices (the price at which one bank sells to another). These are aggregated from our investment banking sources.

How do I pay for the contract?
By BACS or CHAPS electronic transfer to the account details on your contract note. Payment is normally required within two working days in the case of Spot Contracts and deposits for Forward Contracts. The balance of Forward Contracts should be received no later than the maturity date of the contract. We are unable to accept payments in cash.

What happens if my circumstances change?
On occasion, due to unforeseen circumstances, plans change. In the case where you have secured a Forward Contract but find you will no longer require to take delivery of the currency at the maturity date, you may sell the contract back to the market.

Can I fix my exchange rate now for a future purchase?
Yes, an exchange rate can be fixed for up to 2 years in the future. This means that you can determine exactly how much you need to spend on a future purchase without having to worry about fluctuations in exchange rates. This type of contract is called a called a Forward Contract. Please contact Aidan at Foreign Currency Exchange for more details on apk@fcexchange.co.uk or 02079890000