Get The Best Exchange Rates With Foreign Exchange Brokers

24 May 2012 11:00am - Crage Campbell

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Get The Best Exchange Rates With Foreign Exchange Brokers

If you are buying property overseas, paying suppliers, importing or exporting goods, paying overseas tuition fees, emigrating or you want to make a one-off international payment or set up regular transfers you can use a foreign exchange broker. Most people would go to their banks first when looking for currency exchange services. However, this will not be cost effect because unlike the banks foreign exchange brokers work with live rates and buy currency in bulk and as a result they can offer far superior exchange rates than most banks, much closer to the interbank rate. Banks also add considerable charges onto their transfers whereas with a currency exchange specialist, so long as the amount you are looking to transfer is over a certain amount, are completely free. They can also get your funds to the chosen beneficiary typically a lot faster than using a high street bank.

Whether you are a private or corporate client, foreign exchange brokers will take the time to understand your foreign exchange requirements and you will be assigned a personal account manager. They can advise you on the best time to make your transactions and the best way to mitigate against adverse currency fluctuations. They will also take the time to fully understand your wants and concerns and work with you throughout the whole process to ensure that your transactions fast and cost-effective.

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