Global Currency Exchange deals

Currency Exchange and Currency transfers for your Property Purchase Abroad.

The Foreign Currency Exchange market is the world’s largest financial market, in excess of 1.5 trillion US dollars are being exchanged daily.

The process of Foreign currency exchange transfers couldn’t be easier. and as most services - money transfer is a free service with our Foreign Exchange partner.

However, be aware that some companies make charges for transfering money abroad.

Here is a simple 3 step guide:

Step 1. Open an account

Complete an application form and ensure you have usually two forms of ID: (1) photographic (2) proof of residence.

Step 2. Buy your currency

Speak to a currency dealer and they will give you the current market rate. If you are happy with the quotation they will buy the currency on your behalf. This trade is usually confirmed in writing by way of a deal receipt and usually provides instructions on how, when, and where to make payment for your currency.

Step 3. Get your currency

Once cleared funds are received by your dealer, they will promptly transfer your exchanged currency to any bank account of your choice, worldwide, the same day.

Other than just choosing any particular day to exchange your money, you could choose other dates to make the currency exchange. It may be that you have decided to buy a new property that won’t need the final balance to be paid until 18 month’s time. In this case, it may suit you to do a ’spot deal’ today for the deposit and arrange for a ‘forward deal’ for the final balance. By doing this, you will have just ‘fixed’ the purchase price to your home currency and will have ensured that you don’t get caught out by a weakening home currency, or a strengthening one in the country of your purchase. This can save people thousands.

Here are 4 basic types of transaction:

• Spot Contract
A spot contract is undertaken when you buy currency at the prevailing exchange rate at the time of the transaction and make payment within two working days. This transaction is typically used for deposit payments on property or for full payment if the funds to pay for the transaction are available.

• Forward Currency Contracts
A forward contract is undertaken when you fix the exchange rate now for a specific date from one to 24 months in the future. As an example, your final payment for a home abroad may be the equivalent of £100,000. You could fix that exchange rate today with a small deposit, and pay for the bulk of that transaction at the completion of the forward contract. To guarantee the exchange rate, private clients will have to pay for at least 10% of the value straight away (a margin deposit) and the balance on or before the maturity of the contract.

• Time-Option Forward Contracts
You may also reserve a time-option forward contract. This contract allows greater flexibility in paying. For example, a property developer may give you a date of December 2008 as an approximate completion date but may tell you it could take a bit longer. Your dealer may recommend that you set a date for your forward contract of February 2009 and you are free to settle that contract anytime before the maturity date with no penalty.

• Limit Order
Limit Orders allow a client to set the rate at that which they would like to exchange their currency. Our foreign Exchange partner will monitor the market for you and if the rate can be achieved, we will purchase the currency on your behalf. We would then notify you of the due date for your payment. This is particularly important for contracts of substantial value where a small currency fluctuation may have huge implications.
Getting Started

If you would like further information please call our Private Client Desk on 01480 458400. You may also register online with us. We will contact you to activate your account. In order to complete the registration process, we require two forms of identification. Please also provide us with a copy of your passport or driving licence and a utility bill, council tax bill or landline telephone bill with your address.

The value of your foreign currency can be fixed for a given period ahead. If you don’t wish to transfer your money now, you can book the rate of exchange now, for a date ahead.

To discuss how best to make a currency exchange into euros at the best rate, talk to a foreign currency exchange specialist. visit fx-foreignexchange,

• Global Currency Exchange Network, bring you daily currency exchange rates. For currency conversion, and money transfers, go to our website to create a free money transfer account
• GCEN have offices in Dubai for the UAE, Near London, Spain and Portugal

GLOBAL CURRENCY EXCHANGE Rates - aed,gbp,jpy,eur,cad,aud,usd,brl,pln

Get the best currency exchange rate available today… Just call our Head Office on +44 (0) 1480 458 400 if outside the UK, or 01480 458400 ( in the Uk) and we’ll quote you the best exchange rate for Euro, usd, gbp, aed, brl, pln, and more.

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• Global Currency Exchange Network, bring you daily currency exchange rates. For currency conversion, and money transfers, go to our website to create a free money transfer account 

• Here is a sample of the global currency exchange rates from this morning. If you would like to be kept informed of any particular currency exchange rate, just let us know in the form below this table. We trade commercial amounts and commercial rates

  GLOBAL CURRENCY EXCHANGE NETWORK - gbp,aed.pln,usd,brl,cad,aud,eur

Base Currency is the GBP, British Pound:

n.b. These are just indication rates as of 8.30am on Sunday 14th September

Get the best currency exchange rate available today… Just call our Head Office on +44 (0) 1480 458 400 if outside the UK, or 01480 458400 ( in the Uk) and we’ll quote you the best exchange rate for Euro, usd, gbp, aed and more.

Buy your AED, Dirhams, wisely

One property market that doesn’t seem to have run out of steam is Dubai and Abu Dhabi. Dubai has opened it’s arms to property investors and now, it appears that Abu Dhabi is quietly doing the same.

Buildings are being constructed at an alarming rate, ever skyward, along with the prices. Tales are told of some properties being sold on 12 times before the property has even been handed over by the builder! With a property market like this, it’s easy to fall prey to the silver-tongued salesman with promises of vast profits in weeks.

The truth is, it really is happening. I spoke to one of my colleagues the other day who is noted for her conservative approach to parting with her own hard-earned money, and she has even bought a property on the hope of selling it before completion.

However, she does have an advantage. She can buy her Dirhams, or AED as we know it, just when the rate against the pound and the Euro suits her. She waits until the rate peaks between the pound and the Dirham, then buys as many Dirhams as she can. Over time, she has made the difference of 5%. In real terms, this means her property will be 5% cheaper than it may have been if she traded at the lower exchange rate.

If you are considering buying abroad, it is advisable to have a chat with a professional currency broker to see which methods of buying foreign currency will suit you best. The advice will cost nothing, but may save you thousands as it has for my colleague.

Get the best currency exchange rate available today… Just call our Head Office on +44 (0) 1480 458 400 if outside the UK, or 01480 458400 ( in the Uk) and we’ll quote you the best exchange rate for Euro, usd, gbp, aed and more. Alternatively, fill in the short form below, and we will get back to you with the best foreign currency exchange rates.

• Global Currency Exchange Network, bring you daily currency exchange rates. For currency conversion, and money transfers, go to our website to create a free money transfer account
• The pound again hits two and a half year lows against the dollar on Thursday, as investors expect further falls as economic pressure continued to mount.
• Forecasts are now pointing toward a recession in the second half of this year as sterling continues to fall.

• Here is a sample of the global currency exchange rates from this morning. If you would like to be kept informed of any particular currency exchange rate, just let us know in the form below this table. We trade commercial amounts and commercial rates.

   

GLOBAL CURRENCY EXCHANGE NETWORK - gbp,aed.pln,usd,brl,cad,aud,eur

CURRENCIES	HIGH	LOW
GBP-EUR	1.2582	1.2301
GBP-USD	1.7537	1.7269
GBP-AED	6.4365	6.3413
GBP-BRL	3.1121	3.0299
GBP-EGP	9.4771	9.2701
GBP-TRY	2.2080	2.1126
EUR-USD	1.3988	1.3711
EUR-BRL	2.4939	2.4113
EUR-AED	5.1296	5.0127
USD-AED	3.6721	3.671
USD-EUR	0.7178	0.6705
AED-ZAR	2.1933	2.1658
USD-EGP	5.4156	5.2896

n.b these are just indication rates as of 8.30am on Thursday 11th September

Get the best currency exchange rate available today… Just call our Head Office on +44 (0) 1480 458 400 if outside the UK, or 01480 458400 ( in the Uk) and we’ll quote you the best exchange rate for Euro, usd, gbp, aed and more. Alternatively, fill in the short form below, and we will get back to you with the best foreign currency exchange rates.

• Global Currency Exchange Network, bring you daily currency exchange rates. For currency conversion, and money transfers, go to our website to create a free money transfer account
• Sterling fell again on Friday as growing expectations of a UK interest rate cut plummets the pound against a strong dollar and also slipping against the euro.
• Markets now expect the Bank of England to cut rates, currently 5 percent, by a quarter percentage point by the end of the year and probably again by February 2009.

GLOBAL CURRENCY EXCHANGE NETWORK - DAILY CURRENCY NEWS

Get the best currency exchange rate available today… Just call our Head Office on +44 (0) 1480 458 400 if outside the UK, or 01480 458400 ( in the Uk) and we’ll quote you the best exchange rate for Euro, usd, gbp, aed and more. Alternatively, fill in the short form below, and we will get back to you with the best foreign currency exchange rate.
Yes.. telll me about the bargains you have for sale

1. Your Name(required)
2. Email(valid email required)
3. day time contact number(valid email required)
4. Where in the world do you want to buy?
5. Your budget
6. Message

 

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The UAE dirham and international money transfers

About the AED:
AED, or dhs, is fixed to the US Dollar. As a result, the recent decline in the value of the US Dollar against the Euro and the GB Pound has had an obvious effect on the AED rate when trading currency in Europe.The UAE dirham (AED) is divided into 100 fils. Coins are in 5, 10, 25 and 50 fils and AED1. Notes are in denominations of AED5, 10, 20, 50, 100, 200, 500 and 1,000. $1 = 3.6722AED and currently £1 = 7.2504AED.

Currency exchange between Dubai and London:
With the opening of the Gatehouse Bank Plc in Central London, a fully compliant shariah bank, there is likely to be an influx of interest in exchanging AED´s for Pounds.
There are no restrictions on the import and export of money into, and out of, Dubai.

Everyone holding a residence visa in Dubai is allowed to open a bank account and to import and export funds, although it’s unusual for people to bring funds into the country with the current excepion of foreign funds being used to buy property in Dubai. Accounts held overseas are of no interest to the fiscal administrations in any of the states. No declarations of currency are required when entering any of the territories, so travellers can move currencies in and out without restriction and in any form that they choose.

International bank transfers are something the Dubai currency exchange brokers handle comfortably. The money transfers out of Dubai have long been a lucrative business, particularly since the property boom began in recent years. The large number of expats who have moved to Dubai regularly exchange their money, and make transfers abroad to their home country.

currency conversion by professionals

How to transfer aed and get the best exchange rates:
All the retail banks will transfer money to any destination and in any currency. Many people find it convenient to use their own bank to transfer money overseas, but there are plenty of currency dealers offering this service, so shop around to obtain the best currency deal. The main factors involved in transferring funds overseas are the exchange rate offered and any commission charges plus the money transfer charge. The rate quoted by a high street bank may look attractive, but if the combined charges are high, you might be better off with a company like fx-foreignexchange. In addition, many overseas receiving banks will make a recipient charge. Using fx-foreignexchange, there will not be any receiving charges in most cases.

Different transfer systems are available, and the speed of transfer is the main determinant of the charge levied. The methods are postal, bank-to-bank, telex, telegraphic and SWIFT (or similar titles). For an explanation of currency terms, visit this page.

If you intend to send significant amounts of money abroad for business transactions, such as buying a property, or making a payroll payment on a monthly basis, ensure that you’re given the commercial rate of exchange. The tourist rate or standard rate that you see quoted in your newspaper or posted on the bank’s currency exchange board can be considerably bettered for large exchanges and transfers.

Fx-foreignexchange have a currency trading office in Dubai.

Get a quote for the best aed, eor, gbp currency exchange rate today, just call +44 (0) 1480 458 400
or simpy fill in the form and a fx-foreignexchange dealer will contact you:

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For some time now, Global Currency Exchange Network have been one of the UK´s leading currency exchange Companies. The team of professional currency dealers have over 20 years of experience in currency exchange. Annually, they take care of over 335 Million pounds of client’s money. Their Head office is close to London, with further offices in Dubai, Spain and Portugal.Their main aim is to offer all clients the best currency exchange rate AND service available. Thousands of people use them for their money transfers annually, and Read the rest of this entry »

Currency conversion is often considered a ‘black art’ when really it’s very simple.
Most individuals consider using currency conversion when they are about to buy a property abroad, or maybe import a car, or looking to buy a different currency for their holidays.The most common way to perform a currency conversion is to use your own bank to make the conversion.

Think again! Most high street banks make a charge to transfer the money.
With our currency conversion service, the tranfer of the money is usually free!
Where the greatest difference occurs is when you Read the rest of this entry »

currency conversion by professionals

How to buy Euros. If you live outside the ‘Euro zone’ and you need to buy Euros, there are various options available to you:

- Use your local Bank. You can walk in, buy euros at the published rate, and walk out. Or, for larger sums, you could request a transfer to be made after the bank has exchanged your currency to euros. Either way, this is likely to be an expensive option. Local banks tend to make large profits on the published rate of exchange, and, they charge to transfer the money for you!
- You could buy your euros from one of those kiosks you see at the airport. These are great if you have a relatively small amount of cash, but the exchange rate generally offered will give you less euros for your currency unit.
- The answer is to use a specialist currency exchange broker. They exchange so much currency, as it’s all they do. As a consequence, they buy money at a cheap rate and only make a very small margin on top.

If you are looking to buy euros, for anything such as buying a house, boat, car, then start by getting a quote from a currency dealer. It’s quick and you are likely to get many more euros on the currency exchange.
For advice on this 0044 (0)1480 458400

Currency Exchange and Currency transfers for your Property Purchase Abroad.

The Foreign Exchange market is the world’s largest financial market, in excess of 1.5 trillion US dollars are being exchanged daily.

The process of Foreign exchange transfers couldn’t be easier, and as most services - money transfer is a free service with Read the rest of this entry »

Save Money On Currency Exchange.Gatehouse International has partnered with a well known Foreign Exchange dealership in order that our customers can have the benefit of the Best possible rates at any time, with the least inconvenience.

We aim to provide the very best exchange rates, therefore saving you money. Our Foreign Exchange partners will designate you your own currency dealer who will guide you through the whole transaction and explain Read the rest of this entry »