G aining access to great exchange rates can be difficult, as moves in the foreign exchange markets can change from minute to minute. Sterling in fact has had a roller coaster year so far, especially in the past six months or so.
If you are making an international transfer then this is exactly the situation where a foreign exchange specialist can help. It is one reason why the Telegraph has teamed up with moneycorp, to offer readers International Money Transfers. Unlike most banks, clients are given access to a specialist who will alert them when exchange rates move in their favour, to help them transfer money at the best time. There are a variety of tools that can be used when planning ahead for rate movements too.
Say you were buying an overseas property and had worked out the price based on the exchange rate at the time you viewed it: A forward contract may require a deposit. This means that you tell Telegraph International Money Transfers the rate you would be happy with and they will enter into a deal on your behalf if the exchange rate hits your target rate. We urge you to turn off your ad blocker for The Telegraph website so that you can continue to access our quality content in the future.
Click here for instructions. Home News Sport Business. Financial Services Currency Exchange. They can rise or fall quite suddenly for many reasons, which might include: What kind of year has the pound had?
Tips to get great exchange rates: Use forward contracts in your favour Unlike most banks, clients are given access to a specialist who will alert them when exchange rates move in their favour, to help them transfer money at the best time. We've noticed you're adblocking. We rely on advertising to help fund our award-winning journalism. Thank you for your support.More...