If you are looking to buy or sell a property in France, one of your considerations should be how you’re going to transfer your currency, as the difference in exchange rates can really make all the difference to the amount this will actually cost you. Some buyers and vendors automatically assume that using their bank is the easiest and cheapest way of doing this, however this often isn’t the case.
Foreign Currency Direct transacts in excess of half a billion Pounds per year and as such this gives far more buying power than an individual would have when purchasing currency. In addition to the savings that you could achieve on your currency exchange, our service is extremely personal and you will have one point of contact here throughout your dealings with us. Your account manager will take the time to get to know about your plans, and use their expert market knowledge to keep you up to speed with exchange rate fluctuations so that you can make an informed decision when to perform your transaction. Our traders have been with us on average for over 8 years, and you can use their vast experience to help you navigate the French buying and selling process, whilst helping you best time your currency exchange.
Not only are we able to offer extremely competitive rates of exchange when compared to the high street banks, but we also understand the nuances of the French property market. Having helped thousands of clients to buy and sell properties in France, we are perfectly positioned to organise the transfer of your currency. We can also send payments directly to your Notaire for your property purchase, or funds can be sent directly from a Notaire to our French Euro bank account following completion of a property sale, all to help you to avoid potential bank charges.
Foreign Currency Direct are authorised by the FCA as an Electronic Money Institution, so you can be safe in the knowledge that your money is being handled responsibly, held in segregated client accounts which are used to keep client funds and company funds completely separate.
We also offer a number of contract options designed to help you to capitalise on favourable exchange rates. A forward contract for example allows you to purchase currency in advance, so that if the exchange rate falls you are safe in the knowledge that your currency is already secured. This can remove the risk of market volatility which could impact your return significantly, while you wait for your property completion.