Currencies Direct

As one of the UK’s leading providers of international payments for overseas property buyers, Currencies Direct is a refreshing and viable alternative to the high-street banks. By offering competitive exchange rates, free transfers* and no commission charges, you can benefit from real cost savings when transferring money abroad.

*On transfers over £5,000

The Choice for Peace of Mind

Buying a property abroad, especially in Spain, is becoming an increasing British affair, as more and more of us are looking for that idyllic retreat on foreign shores. Although a dream for many, property buying can turn a dream into a nightmare if vital parts of the buying process are neglected. One major cause of the stress overseas home-buyers face is the common error or overlooking the importance of the foreign exchange rate. Specialist foreign exchange provider, Currencies Direct, explains how to avoid the risk and get a good deal on your foreign currency transfers.

Why is the foreign exchange rate so important?

Whether you are buying a property outright or in instalments, the purchase will no doubt involve changing your hard earned cash into a foreign currency. Unfortunately, no one can predict the exchange rates as many economic and political factors constantly affect the strength of the pound. Exchange rates are constantly moving and there is no guarantee that they will fall in your favour. It is vital that you protect yourself against these movements, as a lack of proper forward planning could potentially lose you thousands of pounds and reduce your spending power abroad..

For example

Inside a five month period the euro has been as high as 1.5279 and as low as 1.4096, so for example if you were buying a property worth €200,000, the cost could be £130,898 or £141,884, a difference of £11,000, depending on when you purchased the currency. This is the cost of a small family car!

We would never dream of buying a house in the UK without knowing how much we are going to finally pay, In the same way, by buying and fixing a rate for your foreign currency ahead of time, you will know exactly how much you will end up having to pay. This is one of the many services available at Currencies Direct.

Where to go for the best service

Traditionally, we head straight to our High street bank, but before you do, it is always a good idea to compare the rates and service given by your bank with those given by Currencies Direct. At Currencies Direct we can help reduce your exposure to exchange rates and have a number of options to help you make the most out of your money.

For further information on how you can benefit from commercial rates of exchange and friendly, professional service.

visit our website on www.currenciesdirect.com or click on the Currencies Direct banner below.