Currency Exchange

When buying a property overseas, it is often necessary to exchange large sums of money into a foreign currency.

We can advise you as to reputable companies who will give you favourable rates for the country of your purchase: To find out more, contact us.

Advantages of using a broker

This type of transaction is nearly always best suited to a specialist currency broker. Brokers offer better rates and you can make big savings using them for larger currency transactions.

They are also useful for moving regular sums such a salary or pension into an overseas account.

If you were concerned that fluctuations in the money markets could reduce your overseas buying power, you could "fix"the exchange rate with brokers, typically for up to two years. Another benefit is that brokers can act faster than banks.

Isn't it best to use a bank?

The only real downside is that international money transmission is an unregulated industry. For this reason, some people play safe and choose to use their own banks, thus potentially losing out on the savings.

But as long as you use a recommended broker who has a proven track record in assisting people in your situation, it will almost always be worthwhile.

We are happy to help you find just such a company in your country of choice. To find out more, contact us.