Why is currency exchange important when you are an Expat?
As the currency markets change minute-by-minute, second-by-second, the amount of money you need to send to and from a country changes with each market movement. So, a big purchase, such as buying a property; larger payments, like removals; or even regular ongoing payments, such as transferring a salary or pension or regular bills; are all subject to the same currency exchange fluctuations. By using a currency specialist and seeking their guidance as early as possible particularly in your larger money transfers, you can plan and budget effectively, saving time, money and worry. Currency markets can be particularly volatile in times of economic and political uncertainty – for example Brexit, as we are seeing with numerous developments worldwide.
Get the right help
Thexpatfiles trusted currency partner, Halo Financial, is here to help. By setting up a free account with Halo Financial, your dedicated Currency Consultant will be there to guide you on all aspects of currency exchange and discuss ways you can protect your money when making any international payments.
We understand that foreign exchange can be overwhelming and a nightmare to monitor yourself. That’s why we treat you like a fellow human being and explain the process in plain, friendly, jargon-free English. We offer flexible contracts to suit your needs and our proactive service means we take care of all the hard work for you.
A real life example
A European property priced at €250,000 would have cost you £196,305 in British pounds on 19 June 2016, but would have cost you £209,775 just a month later, after the EU Referendum sent Sterling spiralling – that’s a difference of £13,470. Knowing how these movements in currency markets affect the price of a property and how you can protect against this risk can save you a lot of money. Movements like this are liable to happen on a frequent occurrence but speaking to a currency expert can help you prepare and take advantage when the market is in your favour.
Use Halo and benefit from:
- Tailored personalised service – with a dedicated currency consultant for every customer helping you get excellent rates
- A company that is well established – since 2004, Halo’s founding directors are actively involved in trading and service excellence.
- Our award-winning service – Several awards won including Feefo Gold Merchant Status for five years!
- Your money being safe through being held in segregated accounts and Halo having strict anti-money laundering policies and controls in place.