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If you are buying a property overseas, exchange rates can have a big impact on the amount of currency that you will receive. Exchange rates change constantly and 10% fluctuations in a relatively short space of time are not uncommon. This could effectively increase, by 10% or more, the Sterling amount that you will have to pay to purchase your property.
When it comes to exchanging your currency, there is an alternative to using your bank. A foreign exchange specialist such as Moneycorp can offer you a better rate of exchange as well as a more personalised service. You will also find that a currency specialist can transfer your funds quicker than your bank and should also remove any charges made by the receiving bank when your currency reaches your overseas account.
If you are making frequent payments overseas such as mortgage payments or pension transfers, then Moneycorp can also help you. They provide a Regular Payment Plan which is flexible to suit your needs.
Whatever your currency requirements, Moneycorp will provide you with a proactive service, using their expertise to monitor the currency markets to achieve you the best possible rate of exchange. With extended opening hours (Monday Friday 07:30am 10:30pm and Saturday 10am 4pm) you can contact Moneycorp to discuss your currency requirements at a time that suits you.
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