This month I would like to discuss what happens when the exchange rate is against you. The first thing you think is “I’m losing out, I’m not getting what I wanted.” What I would like to say is, “don’t worry, there is always a solution.”
At Premier FX we listen to your needs. We then go through the options to secure the best rates for you. We all know it’s all well and good while the rate is in your favour, but what happens if you have a large sum, or regular payments that you need to transfer and the rate is working against you?
When this happens there are solutions.
Premier FX can offer fixed rates for up to 2 years and can look at fixing rates for regular payments on a monthly basis. This can protect you against a fluctuating exchange rate and will give you peace of mind.
Whether you are an existing Premier FX client or would like to register for this free service, call us today for your password and further information, or visit www.premfx.com.
Of course we can still offer the spot rate - the rate on the day - as our online system gives you access to the latest rates 24/7.
Over the past month the STG/EUR interbank rate has stayed above 1.21 and at one point reached the 1.23 mark, so for those of you transferring from Sterling to Euros it has been in your favour. However, for those moving money back to the UK it hasn’t been the best month in which to do this, this is when it is key to talk to your currency broker for advice.
So where do we predict the STG/Euro to be over the next month?
Please feel free to contact me directly if you would like to discuss your requirements. At Premier FX we are here to make your currency transactions stress-free and simple.
Peter Rextrew
E: peter.rextrew@premfx.com
London office: +44 (0)845 021 2370 (local call rate)
Algarve office: +351 289 358 511
Or leave you details and we will call you back: http://www.premfx.com/contactus.php
Premier FX is authorised by the FCA (530712) and regulated by HMRC.
