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Unless you have extreme spending habits, currency dealing
is not usually anything to do with buying foreign currency
for your trip abroad.
When you deal in foreign currency, it is usually for one
of the following purposes, where the large sums of money involved
can make it important to fix the cost of the deal in advance:
·Corporate
Foreign exchange has always been a major issue for companies
trading with overseas customers and suppliers. Exchange rates
now fluctuate faster than ever, leading to increased risk
and potential losses for the company concerned.
By using a specialist currency dealer, your company will
be able to take advantage of excellent rates, speak directly
with traders, and gain access to the latest exchange rates,
sometimes even outside normal banking hours.
Buying a property overseas?
Planning a purchase in another country can be a complicated
process - remove some the uncertainty by placing your foreign
currency transaction in the hands of a dealer that is able
to fix in advance the cost of the currency required to purchase
your property.
Moving abroad
Planning a big move to another country can seem a daunting
process, sorting out your currency in advance can help you
budget more accurately for your expenses.
Importing a car
The lower commission charges and more competitive rates that
currency dealers offer mean even bigger savings are passed
on to you when importing a car from abroad.
Buying a yacht or boat abroad
When purchasing a boat or yacht outside the UK you expose
yourself to international currency fluctuations. The time
between placing your order and final delivery could see your
original cost estimates change significantly.
Buying your aircraft abroad
When purchasing an aircraft, helicopter or spares you expose
yourself to international currency fluctuations. As with a
marine purchase, the time between placing your order and final
delivery could see your original cost estimates change significantly.
Read more about currency dealing:
Types of contract
Forward contracts
Money transfers
Mortgage plan
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Currency dealing guide: