A strong Pound makes this an Ideal time to invest...

British citizens emigrating abroad could collectively be losing hundreds of millions per year through poor exchange rates and over inflated bank charges. The British Pound is currently very strong against the Euro at €1.51 to £1.00 on 15th January, making now THE ideal time to invest abroad….

Watch Those Exchange Rates!

Please don’t forget that exchange rate volatility plays a key role in your Sterling transfer when purchasing large amounts of currency for your property investment abroad. It is not uncommon for currencies to fluctuate by as much as 10% over relatively short periods of time so it is important to monitor exchange rates and secure your rate in advance to protect yourself from losing vast sums of money on the day of your transaction.

However, many overseas property buyers overlook the importance of securing a good rate of exchange, while using reliable foreign exchange dealers such as MoneyCorp will literally save them thousands on the day of their transaction, from the transfer of an initial reservation fee, right up to the final payment on your property. For example, today, 15th January 2007, Sterling was strong against the Euro at €1.51 to the pound, while less than two weeks ago it stood at a mere €1.42 to the pound. By arranging their funds today, wise investors have secured this favourable rate of exchange, which can even be fixed for a period of up to two years, allowing them time for the payment of off-plan investments if necessary.

An average UK family moving abroad with assets of £250,000 could loose up to £10,000 of their funds simply by transferring their money abroad on the wrong day because they didn’t pay careful attention to their rate of exchange. Without a doubt, this represents a huge loss which could be avoided simply by being aware of professional money exchange brokers, such as MoneyCorp, who will secure you the best rates.

For more information on how you could potentially save yourself vast sums in your money transfer through MoneyCorp, please click here.