Currency exchange – getting the best rate

Whether you're looking for a favourable exchange rate for your next holiday, or you're considering buying overseas and need to transfer a lump sum from UK sterling into local currency, you will be trying to find the best exchange rate.

Why currency exchange rates matter

It's important to look for good exchange rates, however much money you're planning to change. The more you can get for your UK sterling, the better it is for you and, if you bear in mind that you may have to change money back into pounds and pence when you return to the UK, you want to make sure that you're going to get as good a deal as possible on both occasions.

Holidays

Many people get their foreign currency at the airport before they fly or at the last minute from a travel agent or bank. Changing your money this way could mean that you get a less favourable currency exchange rate and you may also have to pay commission. Beware of those currency exchange windows that offer a "commission-free" service. These dealers often alter the exchange rate in their favour so that they can recover their costs through the exchange rather than through commission.

Property

If you're buying property overseas, you will need to change your UK sterling into the currency required to complete your purchase. You will be transferring a large sum of money, and you won't want to lose hundreds of pounds simply through the currency exchange. That's why you need to talk to a specialist broker, rather than just exchanging money through your bank or using a currency exchange company recommended by your estate agent.

We can help you to save money on currency exchange because we can offer extremely favourable exchange rates on small or large sums, as well as on regular payments.

Foreign Currency Exchange Ltd is a commercial currency brokerage based in the UK. We help thousands of clients move hundreds of million pounds across the globe every day. From large businesses to private individuals who wish to send regular payments abroad, you can save money by getting a better currency exchange rate than your bank. The Foreign Currency Exchange buys currency at wholesale rates and can help you save money with our fast secure service. For more information contact us now, telephone +44 (0) 20 7989 0000 or email info@fcexchange.co.uk