Simple and secure currency transfers. Currencies Direct
How can Currencies Direct help you maximize the profitability of your international transfers?
The currency market is constantly changing and this can make it difficult to schedule your transfer when it is most advantageous to you. An unfavorable change in an exchange rate could mean that your transfer is worth considerably less than initially expected.
Currencies Direct offers a variety of specialized services to help you minimize your exposure to currency risks and ensure that you maximize your profits when transferring your money abroad.
One of these services is the forward contract, which allows you to set an exchange rate for up to one year.
A forward contract is perfect if you are planning a future transfer, such as buying property abroad, as it will protect you from any unfavorable changes in the market during the sometimes lengthy finalization process. Make sure your purchase doesn't end up costing much more than expected.
Alternatively, if you don't need to make a transfer right away and have time to wait for a better exchange rate, you can set up a limit order, this will allow you to set a desired exchange rate for your trade, and it will be automatically executed upon reaching that. period, making sure you don't miss out on the rate you want because the market is moving again before you can act.
When you use a bank to transfer your money, you will generally only be able to trade at the current exchange rate for the day in question, reducing your chances of getting the best possible deal for your situation.
If you'd like to discuss a transfer abroad, please contact one of our friendly currency experts. Visit us here.