Foreign Currency Exchange Services

Introduction to Foreign Currency Exchange

When buying of a home overseas you will almost inevitably require you to pay for the property in local currency – often in several stages.  If you’re based in the UK, this will require you to initiate a currency exchange transaction from Pounds Sterling into the foreign currency.  It’s important to choose the right time to convert your funds to the new currency because if you don’t pick the ideal exchange rate, your property could cost you more than you expected.

In the past most people would turn to the banks to obtain their exchange rate and buy or sell their currency.  However, in recent years highly specialised currency companies such as Currency Solutions have infiltrated the banks’ monopoly on the supply of currency services and are now delivering more competitive exchange rates, a more personalised service and faster transfer times than the banks are able or willing to offer.  Not surprisingly savvy overseas property buyers are now turning to these companies in ever greater numbers.

Currency Solutions is one such specialist foreign exchange company, combining market knowledge, a personal and friendly service, and multiple commercial sources of currency to ensure they secure the best possible deals for you.  Their professionalism ensures you derive the maximum benefit from all your currency transactions with the minimum of hassle.

Foreign Exchange Resources

Financial Services Authority The Financial Services Authority is the independent regulator set up by the Government to look after the financial services industry and protect consumers

The Financial Ombudsman Service The Financial Ombudsman Service provides consumers with a free, independent service for resolving disputes with financial firms.

CIPFA - The Chartered Institute of Public Finance and Accountancy The Chartered Institute of Public Finance and Accountancy (CIPFA) is the leading accountancy body for the public services providing education and training.

BBC NEWS | Business | Foreign Exchange SEARCH. BBC News UK Edition. You are in: Business: Foreign Exchange .FOREIGN EXCHANGE. © BBC,