Whether purchasing property overseas for investment, retirement or holidays, using our Currency Exchange service partner will offer the best exchange rates available, as well as transferring your funds to the account of your choice in an efficient and secure way.
You can check some examples bellow of clients that used our Currency Partner company.
Mr and Mrs Henderson purchased a small villa on the Silver Coast . The new property cost EUR 140,000. Mr Henderson was offered an exchange rate of 1.4804 by his high street bank.
Using our Currency Partner company, the Hendersons were able to secure an exchange rate of 1.5120, saving a total of £1,976.
Using our Currency Partner company, the Hendersons were able to secure an exchange rate of 1.5120, saving a total of £1,976.
Frank Williamson purchased a new build beach property in Portugal for EUR 230,000. The completion of the property was delayed for 2 months. Frank, realising that the Euro exchange rate was at its best level for several months, entered into a forward contract to buy EUR 230,000 at an exchange rate of 1.5210.
Two months later, the Euro exchange rate had fallen to 1.4750 but Frank had secured his Euros at 1.5210, and fixed the cost of his property, saving him a total of £4,716.
Dr Susan Phillips makes regular monthly transfers into her account in Portugal to service the mortgage repayments on her holiday villa. Using her high street bank to make the transfers, she encountered the problem of poor exchange rates as well as long delays, up to 10 days, in her money arriving in Portugal.
Using our Currency Exchange company, Dr Phillips has taken all the hassle out of the process. Her funds are transferred to our Currency Exchange company by standing order. As soon as they arrive every month, they are exchanged at a great rate and sent to Portugal immediately, arriving safely and quickly, saving her approximately £850 a year.
James is importing a V8 Mustang from America. The car costs USD 19,000. The current GBP/USD exchange rate is 1.92. James knows that at this exchange rate his car will cost him £9,895 but he thinks that the exchange rate is going to move in his favour. He wants to limit the cost of the car to £10,000 and also have the flexibility to see if the exchange rate gets better, confirming his hunch.
He instructs our Currency Exchange company to put in a stop loss order to buy USD 19,000 at an exchange rate of 1.90. If he is right about the USD, he will get a better exchange rate and his car will be cheaper but if the exchange rate worsens, his currency will automatically be purchased at 1.90, limiting his cost to £10,000.
David would like to send EUR 20,000 to his bank account is Portugal. He has seen that the Euro is currently trading at an exchange rate of 1.50 and he is in no hurry to make the transfer as he would like to achieve an exchange rate of 1.52.
He instructs our Currency Exchange company to put in a limit order to purchase EUR 20,000 when the exchange rate reaches 1.52. If the exchange rate spikes to a rate of 1.52, David would have achieved his target and his Euros will be purchased at his desired exchange rate.
He instructs our Currency Exchange company to put in a limit order to purchase EUR 20,000 when the exchange rate reaches 1.52. If the exchange rate spikes to a rate of 1.52, David would have achieved his target and his Euros will be purchased at his desired exchange rate.
Use our Currency Converter Tool bellow to get some examples of Exchange Rates, please note that the exchange rates displayed here should only be used as a guide.
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