 Money transfer
If you are buying a holiday home or investment property overseas, the timing of your transaction is crucial. With currency markets in constant fluctuation, trading at the right time will mean your money goes a lot further. Sextant Properties and Moneycorp have been working together for the last 5 years, aiming to make sure you get the most for your money when buying a property in France.
Exchange rate fluctuations
Fluctuations can have a huge impact on the Sterling value of a Euro-based property. For example, a French property worth €250,000 would have cost £ 236,295 on 1st April 2009, but at the time of writing on 15th April 2009 – just two weeks later – it would have cost £224,215 – a saving of £12,080 in just two weeks – all because of exchange rate movements.
Getting more for your money
If you leave payments until the last minute, you will have to accept the rate that the markets offer at the time of transfer. 
To avoid this, and to get the most out of your transaction, Moneycorp can help you to understand the basics of currency. From the currency markets to the contract options available for your transaction, Moneycorp will tailor your transaction to suit your needs, well in advance.
For example, Moneycorp offer a ‘Forward Contract’, which allows you to fix an exchange rate at which you buy or sell currency for delivery at a later date (up to two years). Forward contracts protect against adverse currency movements and can be used to lock into favourable exchange rates.
Making transfers with Moneycorp is faster, more convenient and more cost-effective than using your bank. Whether you’re making regular transfers, or need to make a one-off payment, they don’t charge commission and guarantee no receiving bank charges. They also offer free information and guidance on the currency markets, helping you decide on the best time to buy.
About Moneycorp
Moneycorp is a trading name of TTT Moneycorp Limited. The company was established in 1962 and has been dealing in foreign exchange since 1979. Since that time, Moneycorp has been providing clients with an exceptional level of service - as well as value for money. Last year alone they traded more than £11 billion in currencies. |
