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Protect Yourself from Negative Currency Fluctuations

Exchange rates
Complete the enquiry form opposite to request contact from a
personal currency specialist to guide you through the process.
exchange rate movements

The table below shows how the price of this property has been affected by actual exchange rate movements over the last 120 days. Avoid any uncertainty and secure the best rates today.

best exchange rates
  Current Price Best Price Worst Price Saving
GBP 335,000 - - -
EUR 377,512 376,239 403,474 € 27,236
USD 552,985 515,699 553,655 $ 37,956
AED 2,030,737 1,894,124 2,033,484 139,360
international money transfers
“Currency Jargon Explained”
  • Spot Contract
    A spot contract is undertaken when you buy currency at the prevailing exchange rate at the time of the transaction and make payment within two working days. This transaction is typically used for deposit payments on property or for full payment if the funds to pay for the transaction are available.
  • Forward Currency Contracts
    A forward contract is undertaken when you fix the exchange rate now for a specific date from one to 24 months in the future. As an example, your final payment for a home abroad may be the equivalent of £100,000. You could seal that exchange rate today with a small deposit, and pay for the bulk of that transaction at the completion of the forward contract. To guarantee the exchange rate, private clients will have to pay for at least 10% of the value straight away (a margin deposit) and the balance on or before the maturity of the contract.
  • Time-Option Forward Contracts
    You may also reserve a time-option forward contract. This contract allows greater flexibility in paying. For example, a property developer may give you a date of February 2007 as an approximate completion date but may tell you it could take a bit longer. Your dealer may recommend that you set a date for your forward contract of May 2007 and you are free to settle that contract anytime before the maturity date with no penalty.
  • Limit Order
    Limit Orders allow a client to set the rate at that which they would like to exchange their currency. GLOBAL will monitor the market for you and if the rate can be achieved, we will purchase the currency on your behalf. We would then notify you of the due date for your payment. This is particularly important for contracts of substantial value where a small currency fluctuation may have huge implications.
negative currency fluctuations
Paying for your currency
You can send funds to GLOBAL by electronic bank transfer into our client account at Barclays or by sending a cheque made payable to Global Currency Exchange Network (be sure to write your client number on the reverse). Your bank may charge you to send an electronic (CHAPS) transfer but GLOBAL will be able to send your funds overseas immediately upon receipt of your funds. A cheque will take 7 working days to clear and is only suggested if you are in no hurry to make a currency transfer payment.
Foriegn Exchange
 
Useful Currency Links

Tor Currency Exchange Ltd. Registered in England & Wales, No.: 5193147. Tor Currency Exchange Ltd is authorised and regulated by the Financial Services Authority under the Payment Service Regulations 2009 (FRN 517320) for the provision of payment services. HM Revenue & Customs Certificate of Registration for Money Laundering Regulation Number: 12191606.

 
 
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