Orlando Property UK Buyers' Guide
FOREIGN EXCHANGE
Take more of your money with you
Whether you are buying a property in Orlando for investment, retirement or
holidays at some point during the buying process you will almost certainly have
to exchange large sums of money into US dollars. Many people automatically turn
to their bank for this foreign exchange not realising that alternatives are
available. However, poor exchange rates, high transfer fees and commission
charges all eat away at your money and mean that using your bank could cost you
dearly. However, by using a foreign exchange specialist you can get more of your
money time after time.
As an alternative to your bank, a foreign exchange specialist is able to offer
you extremely competitive exchange rates, no commission charges and lower
transfer fees. This can mean considerable savings on your transfer when compared
to using a bank. In addition a foreign exchange specialist will talk you through
every step of the currency buying process making sure that you are kept informed
of any changes in the market that may affect you.
Due to the volatility of the currency market exchange rates are constantly
changing and vary from one day to the next (as shown in the graph). However,
there are various options available to help you get a great rate. Buying options
include spot deals, forward contracts and limit orders, many of which are
usually not available to private individuals through a bank.
Spot Deal - If you need to transfer money quickly, this option will give you the
best rate available right now and guarantee it.
Forward Option - If you've got a purchase date agreed or payments due on given
dates, you can fix a rate for up to 2 years. This allows you to protect yourself
against any movements in the market.
Limit Order - This is used when you want to achieve a rate that is currently not
available. You set the rate that you want and the market is then monitored. As
soon as that rate is achieved the currency is purchased for you.
If you haven't had to deal with these sort of transactions before it can seem a
little daunting, but Currencies Direct, a market leader in foreign exchange, can
help give you an exciting and cost-effective start to your life abroad.
Offering a tailored service to each client, you will be assigned a dedicated
dealer to talk with you, as often as you require, about up-to-date movements and
general predictions on market fluctuations - in plain English! Offering
competitive rates for all major currencies they will identify the best
opportunities for you and your money. With no charge for registering, no
obligation and no commission fee, Currencies Direct offers a stress-free method
of transferring funds promptly and accurately.
We can introduce you a a foreign specialist who may potentially save thousands.
Contact us for a referral and take
control of your finances.
