Foreign currency – the smart way to buy
The smartest way to buy foreign currency is to let an expert do it for you.
For those people who don't normally deal in foreign currency, the whole market can be daunting. Apart from the fact that all currencies change their value every day against other currencies, how do you know when it's a good time to buy? More importantly, how can you protect yourself against a sudden change in exchange rates that works against you? Foreign currency becomes a lot less foreign when you let an expert take charge.
Why you may need help
If you're making foreign currency payments on a regular basis – to pay a mortgage on a property overseas, for example, or paying employees in a part of your company that's located outside the UK – you want to do it as economically as possible. You certainly don't want to suffer from significant fluctuations in foreign currency where, for example, your mortgage payment costs you £500 one month and £550 the next. Apart from anything else, it's very difficult to budget and plan ahead when you can't guarantee how much will be leaving your bank account – or indeed coming into it, if the currency is coming into the UK. What a difference it could make if you could buy your currency in advance, so you don't suffer from exchange rate differences, or to put a limit on the rate so that you know you're never going to pay more than a certain amount.
Taking control of your foreign currency
In the same way that you wouldn't handle the legal paperwork for the sale of your home, or give yourself inoculations before you travel, don't handle complicated foreign currency transactions by yourself. Instead, trust an expert to be looking at the foreign currency markets on your behalf, giving you the advice you need to buy and sell your currency at the right time so that your money really is working for you and not against you.
ForexGen is a commercial currency brokerage based in Norway. We help thousands of clients move hundreds of million pounds across the globe every day. From large businesses to private individuals who wish to send regular payments abroad, you can save money by getting a better currency exchange rate than your bank. ForexGen buys currency at wholesale rates and can help you save money with our fast secure service.
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