Exchange Rates – Sending money abroad

Studying overseas and the exchange rates

It's common now for students to go overseas to complete their studies, experience a different culture or do a professional qualification. Whether it's an American Studies degree with a year out in an American university or a TEFL qualification in Japan, you should consider the exchange rates to get the best value for your money.

Regular payments overseas – be aware of exchange rates

If you want to support your child or grandchild by sending regular payments, you can make the most of the exchange rates. Education in America is notoriously expensive, encompassing university fees, health insurance as well as travel and living expenses. But the good news is you can make the most of the current exchange rates. The British pound has never been stronger and goes a lot further in America for instance with the current exchange rates where a pound is almost the equivalent of two dollars.

Property abroad – Make the most of the exchange rates

If you own a property or holiday home abroad, sending money from the UK to your foreign bank account is another way of taking advantage of advantageous exchange rates. And if you are a big business importing or exporting, exchange rates can make a difference to your profits.

Make the most of your money abroad

Whatever the reason, you want to ensure you get secure, advantageous money transfers. Sending money in the post is risky and going through your bank might mean hidden costs – and you might not be getting the best currency exchange rates. A currency exchange broker or a specialist foreign currency exchange company is one solution to transferring money abroad in a safe and fast way, and it allows you to get the best exchange rates you can. If you are not good with money or feel intimidated by how foreign exchange rates work, you can let the specialists do the work on your behalf.

Always factor in the exchange rates

Before you buy a property abroad, decide to study overseas or do a foreign business transaction, you should always factor in the exchange rates. If you're buying a property in America for example, the fact the British pound is so strong means now is a good time to buy. Small rises and falls in exchange rates can mean the difference of thousands of pounds if you're buying a property or doing business abroad.

Foreign Currency Exchange Ltd is a commercial currency brokerage based in the UK. We help thousands of clients move hundreds of millions pounds across the globe every day. From large businesses to private individuals who wish to send regular payments abroad, you can save money with us by getting better currency exchange rates than with 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