Foreign Exchange Services and the Best Rate for Dollar Florida
If you are buying a property overseas, whether as an investment,
holiday or retirement home, or to live permanently, it is likely
that you will have to pay for your property in (EUROS, DOLLARS ETC)
When you decide to buy a property in Florida, for example, you
will want to transfer currency from your home country to Florida
to pay the deposit, stages or balance in the most efficient way.
Moneycorp is an excellent company to investigate when exchanging
Pound for the Dollar. If you check the ticker above you
can find the spot rate for currencies including the Dollar. In addition,
you can take advantage of the following:
No commission charges
No receiving bank fees
Fast, efficient worldwide transfers
A dedicated dealer to guide you throughout your currency transaction
24 hour market monitoring enabling you to benefit from currency
fluctuations outside of normal banking hours
Regular Payment Plan - smaller regular transfers
Extended office opening hours 7:30am - 10:30pm and 10:00am - 4:00pm
TTT Moneycorp Privilege card to purchase currency and travellers
cheques commission free and at preferable rates of exchange from
any of our retail branches in
central London, or at Gatwick and Stansted airports
Peace of mind dealing with a company that has been trading foreign
currencies since 1979, is the only foreign exchange company in the
UK to have been certified to
ISO 9000 Quality Assurance and last year traded in excess of £5
billion in currencies
Currency Exchange FAQs when transferring currency to Dollar in
Q. Where should I buy currency?
You can obviously walk into any high street bank or bureau de change
and exchange your currency. This may be convenient for your holidays
but for larger amounts of currency it pays to get in touch with
a specialist foreign exchange dealer such as Moneycorp. Specialist
brokers will almost always offer much more competitive rates than
high street banks or tourist outlets, as their overheads are much
Q. What will it cost me?
In general the more money you wish to convert the better the rate.
Depending on your bank or broker, there will be a cost to transfer
funds of between Â£15 and Â£40 per transaction.
It's a good idea to compare the total cost of a currency trade as
some currency dealers do not charge a transfer fee but more than
make up for this difference in the exchange rate that they quote.
Q. How do I purchase currency?
Once you have set up your trading facility with Moneycorp, you will
be able to buy currency over the telephone.
Q. Can I hold out for a particular rate?
Yes, you can instruct Moneycorp the moment the rates change to your
desired level. Some brokers, such as Moneycorp, can place an order
to purchase currency outside London trading hours, which will automatically
trigger as soon as your desired rate is achieved. Just make sure
you are being realistic about the rate you are looking for and be
prepared to wait!
Q. What if the rate is good now, but I don't need to or can't make
payment for 3 months?
You can fix an exchange rate for up to two years to make it easier
to plan the cost of your currency payments. This is particularly
useful if you are buying a new property "off plan". With
Moneycorp, forward buying your currency is very straightforward.
Simply 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.
Q. If I take out an Overseas Mortgage and have to make payments
from the UK how can I do this?
Moneycorp provides a Regular Payment Plan to assist those clients
that need to make regular overseas payments. Such payments might
include overseas mortgage payments or transfers of UK pension payments
or any other regular transfers.
The Regular Payment Plan allows you to fix an exchange rate on
regular overseas payments for a period of between 6 and 24 months,
removing the worry caused by fluctuations in the exchange rate over
that period of time. Moneycorp will deduct the payments from your
account by Direct Debit each month and transfer your funds directly
to the destination account of your nomination.
Q. How can I find out current exchange rates?
The Interbank rate can readily be found on the Internet and on Ceefax.
Moneycorp's website has live currency charts and you can also view
historical exchange rates. Although a useful guide to current market
levels, do bear in mind that unless you are trading millions of
pounds on a regular basis, you will not receive the Interbank rate
for your own transaction! For a live quote on the amount you are
looking to exchange, it is best to call Moneycorp.
Q. How long will my funds take to transfer to an overseas bank
Moneycorp use Electronic Funds Transfer and can generally get the
funds into the destination account a good deal quicker than a high
street bank. We have a same-day transfer service to most European
countries and North America, and next day for all other destinations.
Bear in mind that there is sometimes a short delay in the receiving
bank before your account is credited, this can usually be overcome
with a "proof of payment" document that we can provide
So - check out Moneycorp for foreign currency exchange for the
Dollar in Florida
- Pound Sterling or Pound Stirling to Hungarian