Currency Exchange In Australia

When considering a property purchase in Australia, you are well advised to read this page carefully to ensure you are not losing thousands on currency exchange.

For many years UK high street banks have been getting away with giving customers exchange rates that are comparable to travel money rates and also charge up to £40 for an international money transfer which could take up to 7 days. There is a reason banks offer such poor exchange rates and high transfer fees and its not just because they like to make healthy profits, it is mainly down to the fact that there overheads (costs) are too high so they are forced in to making large amounts of profit to compensate.

At Propertyshowrooms.com we fully appreciate the importance of making good foreign exchange transactions when dealing with the large sums involved in property investment abroad. For this reason the propertyshowrooms.com works in partnership with Excel Currencies, a leader in the field of currency exchange, to give its members the best deals currently available.

Excel Currencies are one of the worlds leading independent providers of foreign exchange comprising of a dedicated team of professionals with over 25 years market experience. We specialise in providing an unparalleled service and competitive commercial rates to all our clients ranging from the private sector to our corporate accounts. We pride ourselves on our personal customer service and tailor made solutions offered to all clients regardless of the amount.

"Excel Currencies strive to provide the best level of customer service and guaranteed unbeatable exchange rates, these coupled with our up to the minute market analysis enables us to maximize our clients buying power"

Propertyshowrooms.com in partnership with Excel Currencies offers members:

• A strict NO COST policy - Which means NO transfer fees, NO commission and NO hidden costs whatsoever.
• A Personal Currency Broker - Our professional brokers are on hand 24 hours a day to keep you informed as to how your money is moving. We also ensure you always deal with the same person.
• Guaranteed unbeatable exchange rates - Excel Currencies specialize in smashing the high street bank rates. This means that Excel Currencies refuse to be beaten on any rate by any company in the world.
• Same day international payment system - Due to our fast payment system, Excel Currencies can ensure your payments arrive within a matter of hours, meaning you never miss another payment.
• Dedicated after care team 24-7 - In the unlikely event of any problems Excel Currencies are always available to resolve any issues.
• P.O.P. (proof of payment system) - Once a transfer has been processed you will receive confirmation from our bank that the funds are on the way to the recipient. This allows you to follow the whole process from start to finish.
• R.I.T (regular international transfers) - If you make regular payments overseas whether they are Pension payments, Mortgage payments or just moving savings, we will ensure you receive a fantastic rate and incur no transfer fees.
• Spot and Tailored made Forward Contracts - Excel Currencies has a number of financial options available to make purchasing your currency even simpler.
• Live up to date Market Analysis - Our professional team will provide Market analysis to you, which will guide you as to the best time to buy and sell your currency

If you are interested in having an Excel Currencies Broker call you back, please click below.

Put us to the test, for a live rate call now on +44 1322 221 121 or click the live help button to speak to one of our Currency Brokers.

Alternatively, email: info@excelcurrencies.com

FAQs about Currency Exchange -

Where should I buy my Australian currency?

When purchasing a property overseas, it pays to get in touch with a specialist Foreign Exchange dealer such as Excel Currencies. Specialist brokers have lower overheads than high street Banks and tourist outlets and therefore are able to offer more competitive rates for individuals changing any sum of money.

What will it cost me?

In general the more money you trade with the better your exchange rate will be. Depending on your bank or broker, transfer fees can cost anything from £15-£40 per transaction. However with our partners Excel Currencies, they will charge no transfer fees on any amount and will take no commission from the transfer.

If you're wondering how Excel makes their money, here is a brief outline by one of their Senior Brokers, Dan Waterman;

"Excel profit in the spread we buy and sell at from the market rate. For instance at 1.16 mid market price (which is between the selling and buying rate, you will usually see this rate on the Internet and TV etc) EXCEL and the BANKS will buy just off that rate (as it is unattainable) and will both buy at around the same rate. However the banks will sell to their clients 2-3 cents less than what Excel do. This is a saving of around €2-3K on a transfer of £100K. Banks provide rates like this because their overheads are too big and will not make a profit if they offer what we give to our clients."

How do I purchase my Australian currency?

You will need to set up an account with Excel Currencies, which can be completed over the phone or via our website; http://www.excelcurrencies.com/Currencyforyou/openaccount.html

It literally takes minutes to do and once opened you will receive your new account details with us and will be under NO OBLIGATION to use us our services.

Are Foreign Exchange Companies safe?

Generally yes, but you will need to ask all the relevant questions and obtain information of the company you will be sending your money to and make sure they are who they say they are. Our partners Excel Currencies are registered by HM Customs and Excise in association with Serious Organised Crime Agency ("SOCA"). As an FSA payment institution, Excel segregate client money in accordance with the rules laid out in the Payment Service Regulations. They operate a low risk business model in that they buy currency immediately when a client gives a trading instruction, therefore they do not carry currency exposure. They are monitored by the following intuitions RBS (Royal Bank of Scotland), B.O.E (Bank of England) and the F.S.A (Financial Services Authority) with regards to prevention of Money Laundering and regulate their clients holding accounts.

Can I hold out for a particular rate?

Yes, you can instruct Excel Currencies to secure a rate, the moment it changes to your desired level. Excel Currencies will place an order to purchase currency outside London trading hours, which will automatically trigger as soon as your desired rate is achieved. However, be sure to be realistic about the rate you are looking for and be prepared to wait!

What if the rate is good now, but I don't need to or can't make my payment for 3 months?

No problem. Many clients fix an exchange rate as this is permitted through Excel Currencies for up to two years. All you need to do is book an exchange rate and send your dealer a deposit, usually 10% of the contract value. The 90% balance of your currency contract is payable when you wish to have funds transferred overseas or when the funds become available.

This is a good product for clients looking to obtain the rate at present. Whether the reason is, analysts saying the rate will get worse in the near future or just the client does not want to gamble their money and book the rate as it is presently.

Will Foreign Exchange Dealers offer advice about market conditions and rates inc Australia?

When an account is open with Excel Currencies, you will be assigned a personal currency broker who will be on hand to take care of anything you may need with regards to paperwork, rates or whatever it may be. It is impossible for them to predict what will happen with the markets and they are not regulated to give advice. However, they will try their upmost to provide you with all the necessary information to help make your decision easier.

What is the lowest amount I can transfer?

There isn't a limit on the amount you can transfer through Excel Currencies. Many of their clients have typical payments which include overseas mortgages, transfers of UK pension payments or any other regular or one off bank transfers.

How do I pay for my currency?

After booking an exchange rate with Excel Currencies, you will have two working days to transfer the funds into your account with them. Depending on the amount and who you bank with, your funds can reach the account instantly and free with the FPS (Faster Payment System). If this is not an option for you, then a simple BACS transfer in your local bank branch, over the phone or via internet banking can get your funds to your account with EXCEL within two days with no added cost. If there is a rush for whatever reason, you can CHAPS the payment and the money will reach EXCEL on the same day, but at a transfer cost from your bank. Need to transfer funds to their client account. The easiest and quickest way is by CHAPS of BACS. Once Excel Currencies have received your cleared funds, they will transfer your currency to the account of your choice, on the same day at no extra cost.

How can I find out current exchange rates?

The Interbank rate is displayed on the internet and TV etc. Excel Currencies' website features live currency charts for major trading transactions. For a live priced quote on the amount you are looking to exchange, it is best to call or Email Excel Currencies.

For further information please send an email to info@excelcurrencies.com

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