Pure FX Logo arrow Reviews On Feefo Pure FX Logo Exemplary Service In-Depth Knowledge We're Jargon Free Same-Day Transfers Better Exchange Rates Purefx_currency_exchange Personal Transfers Business Transfers Personal Service Trusted Brokers Get A Quote Register With Us Make A Transfer Seller Transfers Contract Definitions Read Our Top Tips What Influences Exchange Rates Glossary Frequently Asked Questions Contact Us

How To Avoid Sudden Dips In The Foreign Exchange Rate In 2012

So the New Year is upon us! And everywhere you look people are advising you how to do things better in 2012.

Exercise more.

Spend more time with your kids.

Eat right.

Begin that project you’re always talking about.

Of course, these are all useful things. They’re about helping us make the most of our time and (hopefully) live happier and more productive lives.

But what if in 2012, you’re less interested in learning how to kayak or taking that long-thought of trip to Disneyland, and instead want to get more from your foreign exchange transactions?

What if in 2012, the thing you want to do is save more when changing currencies on large amounts?

To Get Better Foreign Exchange Rates, Just Seize The Moment

Imagine a man is thinking about buying a new car.

He walks down to his local dealership one morning, and tells the salesman what model he’s interested in. It’s the latest Mercedes S-class.

From behind his desk, the salesman points out the window.

“You’re in luck!” he tells the man, smiling broadly.

“We have that exact model in stock right now. There’s just one left, and it happens to be on sale this very morning.”

The salesman peers at the man admiring the S-class outside.

“Of course,” he says, “prices are determined by head office. If you come back tomorrow, the discount price will probably be gone.”

The man buying the Mercedes rubs his chin.

“Hmm,” he thinks to himself. “Should I take advantage of this, or leave it until later?”

In Foreign Exchange, You Often Have The Same Chance

You might be thinking to yourself, “Well, this is obvious. He should opt for the good price while it is available.”

And in foreign exchange, it’s the same.

If a good exchange rate is available, your best bet is to take advantage because, all too often, it’ll be gone before you know it.

And to do this, speak to your foreign exchange dealer about something called a forward contract.

Forward contracts enable you to lock in the existing rate, protecting you against unexpected declines in the exchange rate closer to your transaction date.

It’s a great tool to protect you against foreign exchange losses and, like our man purchasing his new S-class, just means you have to seize the moment.

It could help you to make impressive savings on your foreign exchange transactions in 2012.

To find out more about how you can save money with a forward contract, get in touch at specialist foreign exchange brokers Pure FX. You can also call us on +44 (0) 1494 671800 or email [email protected]. We’d be delighted to help you maximise your currency transfers!

Get a Quote
Feefo service

What Our Clients Say

Read all the reviews at Feefo.com

Why Us

Exceptional Service

We have received Feefo's Gold Trusted Service Award 3 years in a row.

Same Day Transfers

We can transfer your money to your destination bank account the same day you send it, once we’ve confirmed the payment details with you.

Competitive Exchange Rates

Competitive exchange rates and transparent transfer fees, so you know exactly what you’re paying for.

Dedicated Personal Service

To guide you through the transfer process and keep you up-to-date with the changing exchange rates.

Established in 2006

Since then, we’ve transferred money for thousands of satisfied clients.

How It Works

  • 1. Register

    for a no obligation account
  • 2. Agree the exchange rate

    with your account manager over the phone
  • 3. Send us payment

    for the transfer of your purchased currency
  • 4. We transfer the currency

    to your nominated account