A safe and cost effective way of sending money abroad
- Purchasing property overseas?
- Emigrating?
- Buying something special?
- Repatriating funds to the UK?
Moving large sums of money from one country to another can be a daunting task, so whatever your reason for sending money abroad Pure FX will make your currency transfer as straight forward and cost effective as possible.
As specialist currency brokers the majority of our private clients are buying or selling property abroad and want to obtain the best exchange rate.
Why do you need to use currency brokers?
Without wanting to make sweeping generalisations, most of our private clients’ only experience of exchange rates is when going on holiday. Therefore the first point of call is often their high street bank. Which is fine, although when sending large amounts of money abroad just a small difference in exchange rates can make a change to your cost.
Rather than explain this difference ourselves below is an email from a client we have helped recently:
“I had not made any major foreign exchange transactions until I bought a house abroad and knew nothing about the exchange process. James Roberts and his colleagues at Pure FX talked me through the steps and carried out the transaction exactly as and when promised. Better still, I saved several hundred pounds in exchange fees compared to my High Street bank. I shall be using Pure FX for all my future currency transfers.”
R. Masters, Suffolk
Hopefully this articulates the advantages in using Pure FX, suffice to say whatever your reasons for sending money abroad we are confident we can be of assistance.
Finding the best exchange rates
When you want to exchange currency in large sums it is essential to seek professional guidance from a currency broker to obtain the very best exchange rates.Okay, so what does it mean “best exchange rates?” That depends on who you speak to. For some it means buying currency as close to the mid-market exchange rate. For others it means buying when exchange rates hit a peak.
Both fair statements but in reality not without certain issues if trying to do it yourself, for example: Unless you happen to be placed in front of Reuters screens 24/7 the likelihood is you will miss the exchange rate peak. And unless you are trading in millions you will not buy at the mid price.
This is where Pure FX comes in to bat. As wholesale currency brokers Pure FX is ideally placed to help you obtain very best exchange rates and ensure you don’t miss out when a favourable currency rate becomes available.
Because we exchange currency in massive volumes on a daily basis and send millions of pounds of foreign currency around the globe, we are able to offer the best exchange rates and protect you from rate fluctuations.
Fixing exchange rates
The foreign currency market is volatile and even the most experienced analysts cannot reliably predict events that affect exchange rates. For example a major bank (who shall remain nameless) said “parity is baked in” when sterling was at an all time low against the euro last year. This could not have been more inaccurate and the following week/s sterling gained over 10%.
The point we are making is no one can accurately predict future exchange rates, and fluctuations can have serious implications when sending money abroad over a longer period of time. For example, were you to buy a property overseas with stage payments to make over a period of months or even years, then shifting exchange rates could have a serious impact on the cost of your investment.
Time for some more words from one of our clients as they seem to be able to articulate this so much better than we can!
Having a forward contract worked very well for me. The exchange rate changed for the worse after I had fixed the amount and has not recovered since. By fixing the exchange rate through a forward contract I have saved myself approximately £3,000.
The service provided by Pure FX has been excellent.
S. Kilby, Lincolnshire
As specialist currency brokers, Pure FX can fix the best exchange rates for up to one year, to ensure the rate at which you exchange currency does not change thus eliminating risk and enabling you to accurately calculate costs.
Why choose Pure FX as your currency brokers?
Hopefully by now you will have a good idea as to the advantages in using Pure FX but just to recap we have summarised the following:As specialist wholesale currency brokers, we provide a cost-effective, secure and straightforward ways of transferring money abroad, whilst offering the best rates at which to exchange currency that can be fixed for long periods.
We look forward to hearing from you. Contact us on 01494 671800
Contract definitions
Why you should use Pure FX
- Better exchange rates
- Straight forward advice on the options available
- Fix your exchange rate
- Guidance on the currency market
- Zero commission
When should you contact us?
The earlier you contact us the better in the sense that you will have more time to discuss options available and ultimately secure a preferential exchange rate.Open Trading Facility
Currencies we trade
Thanks for your help on the conversion into sterling - your part of the process was easily the most efficient and I will definitely use you again and recommend you to others!
