Here at Pure FX we encounter lots of clients buying property abroad and even emigrating, who’re therefore hoping to get the best euro exchange rates. So we decided to compile a blog post listing our top tips! Simply keep reading to discover some important tips for getting the best euro exchange rates.
The first important tip is to consider the euro exchange rates early. Speak to a currency dealer two or three weeks before you want to make the transfer and discover what’s happening on the foreign exchange markets! That way you have a window in which to learn what’s happening on the market and get the best euro exchange rates.
The second important tip is to speak to a currency dealer than doesn’t charge commission. To do this research two or three brokers and call them: they should be able to tell you within moments whether they charge commission or not. Pure FX for instance do not charge commission – meaning you receive superior euro exchange rates!
The third important tip is to avoid high street banks for your currency exchanges. This is because they offer inferior exchange rates compared to most brokers – you’re likely to receive a worse deal! By comparison currency brokers look to make smaller profits and offer a better service. Pure FX for instance guarantee superior euro exchange rates than high street banks!
The fourth important tip is to consider setting up a forward contract. This means that you fix the exchange rates at a certain point protecting you from market fluctuations. It’s a great way to get the best euro exchange rates if the markets look like they’re going to become unfavourable.
The fifth important tip is to speak to the currency broker you hope to deal with before making the transfer. This way you can get a sense of whether they’re experts in foreign exchange and whether you like the service they provide. Pure FX of course aim to offer a premium service to all our clients!
So there you have it! Next time you’re looking for the best euro exchange rates simply follow this checklist and you can make substantial savings.