When purchasing your property abroad you will need to pay for it in the foreign currency of that country e.g. for France this will be in euros. Your traditional high street bank may seem the obvious choice for where you change your savings, due to ease and tradition, but they are likely offer you the ‘Tourist Rate’ on the exchange of your hard earned cash, as opposed to the ‘Commercial Rate’ that a specialised foreign exchange company will offer. By using a foreign exchange company the rates will be more favourable so you can get more for your pound.

Exchange Rate Movements – over six month period.


Due to the volatility of the currency market exchange rates are constantly changing, so can vary from one day to the next (as shown in the graph). However, there are various options available to help customers get a great rate.

• Spot Transactions – Buy now, pay now. These are ideal for anyone who needs their currency straight away as the currency is purchased today at the current rate. However, if you have time to spare before your payments are due it may be wiser to consider a Forward Transaction.

• Forward Transactions – Buy now, pay later. These allow you to secure a rate for up to 18 months in advance to protect yourself against any movements in the market. A small deposit holds the rate until the balance becomes due when the currency contract matures. This option not only protects against possible drops in the exchange rate but also gives you the security of the currency you need at a guaranteed cost, regardless of fluctuations in the market.

• Limit Orders - allow you to place an order in the market for a desired exchange rate. This has the advantage of protecting you against negative exchange movements whilst still allowing you to gain from a positive movement. Your request is entered into the system and an automatic currency purchase is triggered once the market hits your specified rate.

Using the options above clients can save thousands of pounds on their currency transfers – what better way to kick start your life abroad?

Regular Payments.

Once you have become the owner of your dream property, it is highly likely that you will need to send regular monthly payments from home whether for mortgage payments, maintenance expenditure or transferring pensions or salary. Using a reputable foreign exchange company can make this process hassle free and they are likely to offer you better terms than your high street bank. By setting up regular monthly direct debit payments you can benefit from extremely competitive rates without the monthly worry.

If you haven’t had to deal with these sort of transactions before it can seem a little daunting, but our specialist currency provider can help you.  He will explain, in lay terms, the choices available to you and about up-to-date movements and general predictions on market fluctuations.

Our specialist offers competitive rates for all major currencies and a stress-free method of transferring funds promptly and accurately. There is no charge for registering, no obligation and no commission fee.   The information you need to potentially save thousands is only a phone call away.

Contact us   giving your name and a daytime contact phone number  if you'd like to speak to  our currency exchange specialist who offers the best rates to our clients OR click here