Private Clients
New research has shown that about 550,000 British people now own a second home abroad and most would have traditionally used their High Street Bank to convert their cash. This means that a potential £1.8 billion has been lost because of poor exchange rates.
- Quote from Sunday Times Money pages February 5 2006
Did you know that the High Street banks commonly charge up to 4% more on an average currency transaction than First Rate FX Ltd? This means that on a property purchase worth Euros100,000 your FX transaction could cost you up to £3,032 more.
Our rates of exchange are the most competitive in the market place and we do not charge commission or transaction fees.
First Rate FX Ltd can guarantee, not only to save you money, but also to offer the highest standard in Client Service. Foreign Exchange is our core business and we are experts at making the process as painless as possible for our Customers.
Whether you are buying a property abroad or sending regular monthly payments overseas First Rate FX can take the stress out of converting your cash.
Take the worry out of the fluctuating markets – buy a forward contract
One of the biggest considerations of buying a property abroad has to be the exchange rate that you will pay. If you consider that during 2005 the Sterling Euro rate moved between 1.40 and 1.50. This type of fluctuation could make a big difference to the actual cost of your new property. Setting the rate of exchange and securing the price that you will eventually pay for your new property, can take the pressure off buying abroad, after all you would not buy at property in your country of residence without knowing the price ! Why not give us a call and we can explain how you can arrange to purchase a forward contract.
Start saving today
We have a dedicated team of currency specialists waiting for your call. Why not ring us today on 0044(0)2073455302 or click here to have a representative call you at your convenience. For further information please download or order our information pack.