Save money on international money transfers
How do currency exchange specialists give better rates?
Using a money transfer company, its system uses the mid-market exchange rate, which is the mid-point between the buy and sell rates on the global currency market and the rates used by Reuters and Google. It is completely different to the inter-bank rate!
It is undoubtedly worthwhile consulting a currency exchange specialist if you’re planning a purchase in Euros, because they can advise you on getting the best rate for large transfers, especially if you need to transfer a sum in excess of €15,000.
British buyers in particular, given the fluctuating value of Sterling, are certainly advised to turn to currency exchange specialists, and find out how to buy Euros with GBP at the best possible rate, rather than the rate on the day of the transfer. For example, by using a specialist currency firm, you have an opportunity to fix your exchange rate for up to two years from now and that is potentially equivalent to saving £12,000 on a €200,000 property.
Not only does it offer better exchange rates than the banks, it also offers fast online transfers 24/7. It will also save you money if you need to make regular transfers to pay the mortgage on an overseas property and its experts are available to chat with you about your specific needs and advise you on the most cost-effective way of managing your money, including the repatriation of funds for property owners who wish to sell and return home. You can register with the service in a few minutes without any obligation to use the service.
Contact us for help and advice from our foreign currency exchange specialists when you’re buying a property in Spain and save thousands of Pounds Sterling and Euros by using a smarter exchange solution.