Currency Exchange

By : Forum Member
Published 18th December 2014 |
Read latest comment - 18th December 2014

I currently run a business which is doing well and my next venture is investing in foreign property. Can anyone give any advice a tips on currency exchange? I am looking for somewhere that offers a fixed rate so not a high street bank as they only use spot exchange rates. Many thanks


kris1985
Comments

clearly, look at rates for lower amounts, but, if you're looking at higher values, it's negotiation time! 

Speak to the banks, even open an account for the very purpose. HSBC I have found to be great for overseas business in Western and Eastern Europe, as well as a few countries in Africa.

Be mindful to the agencies related to detecting crime, and be prepared for some paperwork completion to say you're not laundering anything other than your socks!


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