If you are a business that needs to make regular overseas payments, in today’s current climate it is critical to your business for you to ensure that you are maximising the value of your money transfer and achieving the best exchange rate possible!
Whether you run a small business or the head of the financial department of a larger corporation if you are importing goods or services from abroad the cost of good will be heavily impacted by the foreign exchange rate.
At Compare Currency we provide you with information from the leading foreign exchange providers both online and in the high street to allow you to compare exchange rates and commissions charged so that you can make an informed decision when choosing your foreign exchange provider.
In today’s current market foreign exchange specialists such as Travelex and Worldfirst offer far better rates than the high street banks. Not only will a foreign exchange broker help you achieve the best exchange rates they also provide you with outstanding service and products.
How can foreign exchange brokers offer better rates than the banks?
- Foreign Exchange brokers buy large amounts of currency operating with economies of scale and pass their savings on to their customers.
- FX Specialists watch the market second by second and can offer you an up to the minute rate meaning that the rate you get will be competitive. Unfortunately banks tend to offer a blanket rate for that day with a large margin included to cover themselves against any movement throughout the day.
- Foreign exchange brokers use a range of currency contracts allowing you to remove risk and uncertainty from your currency transactions.
- Foreign Exchange companies whilst operating as well established companies regulated by the Financial Services Authority do not have the same overheads as a huge bank so can remain competitive.
No Commission
Foreign exchange brokers do not charge commission fees and many will waive any transaction fee if you make regular international payments.
At Compare Currency we offer you impartial information on the leading currency providers. To obtain more information about a provider, get exchange rate quotes and to speak to an advisor click on the buy now button. Visit our money transfer comparison table now.
