Background
I work as a property finder in Spain. Many of my clients needed help with their foreign currency transfers for the purchase of their property here as they had no idea how much money they could waste if they did not follow some simple tips. Surely it makes sense to get the best exchange currency rates without paying horrendous fees ?.
Hopefully the information will be of use to anyone who has to do an International currency transfer. It is valid for any Country and any currency.
Savings Tips To Get The Best Exchange Currency Rates
Follow these tips and they could save you a fortune and get you the best exchange currency rates on your currency transfers, securely with NO FEES..
Tip 1
If you have to do a currency transfer - do NOT use a Bank. The Bank will NOT give you the best exchange currency rates and will make all kinds of expensive charges as well !. Instead use a good Foreign Exchange (FX) Broker - they specialise in International currency transfers. They should provide a charge FREE currency exchange with the best exchange currency rates. Use a Bank and you will literally be throwing money away.
Tip 2
Use an FX Broker that has arrangements with receiving Banks which will minimize any receiving fees on the currency transfer. The receiving Banks will often charge to receive the currency transfer. In Spain for example they can charge as much as 0.5% just to receive the monies !!. So there are significant savings to be made here
Tip 3
Use an FX Broker which does not make any charges whatsoever for the currency transfer. Some Brokers do - so CHECK! No point getting the best exchange currency rates and then losing out on unnecessary charges.
Tip 4
If you are worried about fluctuations in exchange rates and your purchase could be some time off then use an FX Broker that can 'forward' buy. You then know the rate is fixed - no more sleepless nights !. You then don't have to worry about the rate when you do the currency transfer and you can now budget properly for your purchase. Banks do NOT offer this facility.
You can find more tips at: http://www.bestexchangecurrencytransfer.com. You will also find details on the different types of currency transactions and why they may or may not be relevant to you. There is also some great information as to why we work closely with a UK Broker.
Hopefully this information will be of use to anyone in any country that has to do a currency transfer.
If it's your first time - don't worry. The whole process is very simple if you use a good FX Broker. Just remember the tips and you will be fine.
Check out all the tips at http://www.bestexchangecurrencytransfer.com and see how easy it is with the Broker we suggest.
Si
Article Source: http://EzineArticles.com/?expert=Simon_Longster
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