FOREIGN EXCHANGE AND HOW TO GET THE BEST RATE



Buying a property overseas? Want to get the best deal on foreign exchange? We understand, and that's why together with Moneycorp, we've put together this guide to currency exchange for overseas property buyers.

We'll show you the different currency purchase options, how to protect yourself from adverse currency movements and how to contact us for advice and make currency transfers at UNBEATABLE exchange rates.

Exchange rate volatility will play a key role in your local currency transfer. It is not uncommon for currencies to fluctuate by as much as 10% over relatively short periods.
For example, a couple purchasing a property in Florida for $200,000 dollars would have paid:
108,113 sterling in January 2006. Four months later, they would have paid
112,720 sterling for the same property, simply due to the change in exchange rate!
By securing an exchange rate in advance with Moneycorp, they would have saved over 4,500.


Key Benefits
Moneycorp can help you achieve the best exchange rates making your money go further. We can also offer a range of services that will help protect you against adverse currency movements.

In addition, you can take advantage of the following benefits:

  • No commission charges or receiving bank fees
  • Fast, efficient worldwide transfers
  • A dedicated dealer to guide you throughout your currency transaction(s)
  • 24 hour market monitoring enabling you to benefit from currency fluctuations outside of normal banking hours
  • Regular Payment Plan - smaller regular transfers
  • Extended office opening hours 7:30am - 10:30pm Monday - Friday and 10:00am - 4:00pm Saturday
  • A Moneycorp Privilege Card to purchase currency and travellers cheques commission free at any of our retail branches. You will also receive a 1% improvement in the rate of exchange at our airport locations.
  • Peace of mind dealing with a company that has been trading foreign currencies since 1979, is the only foreign exchange company in the UK to have been certified to ISO 9000 Quality Assurance and last year traded in excess of 5 billion in currencies

    What will it cost me?
    In general the more money you wish to convert the better the rate. Depending on your bank or broker, there will be a cost to transfer funds of between 15 and 40 per transaction. It's a good idea to compare the total cost of a currency trade as some currency dealers do not charge a transfer fee but more than make up for this difference in the exchange rate that they quote.


    The Regular Payment Plan thru Moneycorp

    Our Regular Payment Plan will be of great help to you if you have regular currency transfers to make. Such transfers might include overseas mortgage payments, pension payments or any other regular currency transaction.

    The Regular Payment Plan offers you three simple payment options. Whichever you choose, you will always receive an excellent rate of exchange and enjoy the convenience of making payments by Direct Debit as opposed to arranging individual payments through your bank.

    • Fix the Sterling amount that you transfer each month. With this option the currency amount that you receive in your overseas bank will vary according to the rate of exchange at the time of each transfer.
    • Fix the currency amount that you receive. Know exactly how much currency you will receive in your overseas bank account, with the Sterling amount debited from your UK account varying according to the exchange rate at the time of each transfer.
    • Fix the exchange rate for all of your transfers. By fixing the exchange rate, you will know how much in Sterling you will pay and how much currency you will receive in your overseas bank account. This option is available for periods of between 6 and 24 months.
    How does it work?
    The Regular Payment Plan is flexible to suit your needs. Your regular payments will be paid to Moneycorp by Direct Debit. Moneycorp will then arrange for all currency transfers to be made to an account specified by you. Moneycorp will not debit your account more than 5 working days before the value date of your currency payment. Please note that the minimum monthly transfer amount is 250.

    How much will it cost?
    The only charge for this service is a 4 transfer fee for each transfer made on your contract.
    Bank receipt charges are eliminated. We guarantee that our clients will not pay any bank receipt charges when sending funds abroad*. This guarantee applies regardless of the amount being transferred or to which bank.


    Ready to Start or Find Out More?
    Click Submit Application to fill out the form and a representative will be in contact with you.

    Or call Overton Realty for more information: 407-932-1117.






  • OVERTON REALTY, INC.
    Your Source for Central Florida Real Estate

    Phone: 407-932-1117 Fax: 407-932-2227



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