When you’re planning to move overseas, one of your considerations should be how you’re going to transfer your required currency. Some people assume that using their bank is the best way of going about it. This isn’t necessarily the case at all, and International Payments Provider Foreign Currency Direct specialises in currency transfers for clients moving abroad.
They offer competitive rates of exchange when compared to your bank, and understand the nuances of the foreign property market. Having helped thousands of clients to buy a place abroad, they’re well placed to organise the transfer of your exchanged funds and can even send payment directly to your seller’s solicitor.
When you sign up for an account with Foreign Currency Direct, you’ll be introduced to your personal account manager who will be your point of contact throughout all of your dealings with the company. They’ll take the time to get to know you and your requirements, and use their expert market knowledge to keep you updated about exchange rate fluctuations so you can get the most for your money.
Depending on what stage you are at with your property purchase, FCD has a number of different options available for your transfer. For example, a forward contract allows you to secure a rate of exchange for up to 12 months in advance. This eliminates the risk of a swing in the markets which could impact your currency return significantly, whilst you wait for completion.