Buying property? Many people are unaware or neglect the importance that exchange rates have on the cost of their overseas property, and the currency risk that is associated with an overseas purchase. Your personal dealers can make this whole process simple and hassle free.
Our up-to-the-second trading facilities allow you to trade or fix the exchange rate on your purchase at the most opportune time, saving you money. This is in contrast to mainstream banks and financial institutions that quote only daily rates and charge a premium fee.
Using Currency Solutions will effectively boost your budget and leave more money for you to make your new home even more special!
Emigration is a major and often complex one. Whatever stage your plans are at, you can rest assured that our specialists are on hand to save you time, money and energy.
You will be assigned a dealer to personally handle your account. Currency Solutions acts as your eyes and ears and will monitor the financial markets on your behalf, notifying you of any changes that may affect your situation.
Your future wealth will be affected by the timing of your currency purchase. By coming to Currency Solutions at the beginning of the emigration process, we have the greatest chance to find and guarantee the best rates in your required time frame. With a range of options to satisfy the most demanding of customers, our specialists are sure to find the approach that best suit your needs.
Importing 'big ticket' goods like a luxury car, yacht or aircraft is the significant savings over UK list prices. But why stop there - especially when you can make further savings by booking your currency directly through Currency Solutions.
Many clients buy valuable assets for investment purposes - or as a precious gift for their loved ones. Remember that sizeable purchases in any foreign currency will always mean potential for additional savings if you come to Currency Solutions for your exchange and currency transfers.
Often, high value goods take time to manufacture or deliver causing currency exposure. A forward contract can be used to minimise currency risk allowing you to budget your future payments.
Corporate: Our specialist will work alongside you and your team to understand your exact business requirements to formulate a currency strategy tailored to your business. We are fully aware that a tiny variation in the rate could cost your business thousands of pounds.
If your business import or export goods, a price you agree with a customer or supplier on one day could rise or fall due to exchange rate fluctuations. Of course, because exchange rates can go both up and down, it can be tempting to gamble that this will work out in your favour. However, this is extremely risky and could land you with significant financial loss.
You’ll also need to decide how to make and receive payments in foreign currencies. Often your reputation is at risk when payments are delayed or funds are not received to the full amount. Our payments team will help ensure that these problems are minimised and can track and provide proof of payment as soon as the funds are released to your beneficiary.
Bespoke solutions: We offer private and business clients options that best suit your requirements. For lump sum transfers you can choose from Spot trades, Forward contracts – fixed or flexible or place limit orders.
Regular Payment Plan makes it simple and cost-effective. Your exchange rate can be fixed for up to 24 months and there are absolutely no fees for amounts over £500.
- Commercial exchange rate fixed for 2 years
- The convenience of payment by standing order
- 0% Commission
- No bank receive costs
- Low cost transfers
Example
Let’s assume your monthly overseas mortgage is 1500 EUR each month and you wish to pay in GBP fixed for the next 12 months. Your personal dealer will quote you one exchange rate for this period.
The savings you can expect:
- 12 x 3% (Saving on Bank commission) = £360
- 12 x £25 (Saving on Bank transfer fee) = £300
- Total in 1 year = £660
- Over a 15 year mortgage, you’ll save £9,900
Debit Card facility with Currency Solutions: All registered clients of Currency Solutions can now use your UK Debit Card to book a trade and transfer foreign currency. Cost is only GBP£1.00 with a maximum GBP£100,000.00 per transaction. For transactions less than GBP£20,000.00 a GBP£15.00 fee applies. This can save you anything up to 6% transaction fee of the amount transferred if you are using the JCC card system here in Cyprus.
About Currency Solutions: In the summer of 2003, a scientist, an accountant and a currency broker took one giant leap of faith and made the first small step on the road to what is now one of the leading foreign exchange companies in the UK, turning over 1.5 billion in 2007.
The three men, each with their own unique strengths, were united with one vision; to create a foreign exchange company that would send shockwaves throughout the industry for their sheer tenacity to reach out and provide clients with a quality of service that is second to none. Fives years on, the Currency Solutions brand is unanimous with prestige, integrity and dynamism.
At the end of 2007, London Head Office migrated to new premises by Tower Bridge. The state of the art facilities and client friendly environment is testament to how things have progressed from their modest beginnings. The Currency Solutions Group now has offices in New York, Sydney, Johannesburg, Hong Kong, Dubai, Paris and Pafos, Cyprus.
The launch of new technology in summer 2008 will revolutionise the way clients transact foreign exchange and will bring about a new level in quality customer service. Clients will soon have the ability to transact, make payments, view statements from just a few key presses. True to form, Currency Solutions will again set a new bench mark in the foreign exchange industry.
For all enquiries, registration and appointments please contact us on:
Cyprus: +357 26 813 613 UK: +44 (0) 207 740 0002
cyprus@currencysolutions.com www.currencysolutions.com
