| Best regards | | | | buy and sell. |
| Nicholas Marr | | | | Risk Management service. The broker should provide |
| How to choose the best currency dealer and why | | | | acomprehensive Risk Management Service to help |
| The use of a currency broker or money transfer | | | | protect youfrom adverse currency movements. |
| specialisthas become essential when trading overseas. | | | | Speedy money transfers. Transactions should be |
| High Streetbanks that do not specialise in this field tend | | | | processedfaster than through the normal banking |
| to chargehigher fees and secure less favourable | | | | system the currencydealer should provide with instant |
| exchange rates. Soyou can benefit from a money | | | | telephone trading andworldwide transfers. |
| transfer specialists? | | | | Extended Trading Hours. Nothing more annoying then |
| ? Overseas property buyers and overseas property | | | | acurrency dealer that only available 9am to 5pm . |
| investors | | | | theyshould offer extended hours allowing you to |
| ? Companies that trade overseas | | | | benefit fromexchange rate movements outside normal |
| ? Any one making large transactions abroad or | | | | banking hours. |
| regularpayments abroad. | | | | Competitive exchange Rates. Ask your dealer to |
| Overseas property buyers. Overseas property buyers | | | | provide youwith their most competitive rate and |
| areamazed at the savings that they can make on | | | | compare this withothers |
| buying propertyabroad compared with buying property | | | | Booking rates in advance. Some of the major savings |
| at home. A commonmistake is not to research the | | | | you maymake on money transfers abroad are with |
| currency market, adverseswings in the foreign | | | | booking rates inadvance. Check to see how long the |
| exchange rates can wipe any gainsmade during on | | | | currency dealer can bookyour exchange a rate. Some |
| the sale of the overseas property. Currencybrokers | | | | of the better dealers can bookyour rate up to two |
| can book good exchange rates for long periods | | | | years in advance. |
| inadvance therefore protecting the overseas buyer | | | | Regular payments abroad . The dealer should |
| from theuncertainty of the currency markets. | | | | providefacilities that enable you to make regular |
| Exchange rates changeconstantly and 10% | | | | payments abroadyour currency dealer should be able |
| fluctuations in a relatively short spaceof time are not | | | | to : Fix the currencyamount that you transfer each |
| uncommon. | | | | month Fix the currency amountthat you receive Fix |
| Companies need to find the best dealer too. | | | | the exchange rate for all of yourtransfers. By fixing |
| Companies thatare selling or buying services and | | | | the exchange rate. You will know howmuch in your |
| goods abroad need to usea good currency dealer to | | | | own currency you will pay and how muchcurrency |
| secure the best exchange rate. | | | | you will receive in your overseas bank account. |
| Companies that do not plan their currency | | | | This keeps your finances in control and takes the |
| arrangements willfind it impossible to accurately | | | | mysteryof what amounts will be arriving in your bank |
| forecast theirexpenditure. Imagine securing a great | | | | account. |
| deal only to haveyour precision financial planning ruined | | | | Keeping you informed with market updates Your |
| by the effects ofever moving foreign currency rates. | | | | broker shouldbe in a position to send you a daily or |
| Anyone making large transactions abroad. Buying a | | | | weekly marketupdate, providing you with the latest |
| car yachtor anything of value abroad requires planning | | | | information on marketmoves. This will help you make |
| from theonset. Currency dealers can provide accurate | | | | informed decisions |
| ratepredications and could save you a great deal of | | | | Established Business. You cannot pay for peace of |
| moneymaking the item or service you buy abroad | | | | mind thiswill come when dealing with an established |
| even more of abargain. | | | | business whowill provide you with the security of |
| How to choose the right currency exchange dealer. | | | | dealing with areputable and secure business partner. |
| Theconsumer has a huge choice of money transfer | | | | SWIFT membership. Check to see if your currency |
| brokerages allwill want your business so how do you | | | | dealer is amember of SWIFT (Society for World-wide |
| sort the good fromthe not so good. Here are some | | | | Interbank Financial |
| features that a good dealershould provide: | | | | Telecommunications), the global platform for instant |
| Simple to open trading facility. Opening a Trading | | | | wiringof domestic and international money transfers. |
| Facilityshould be hassle free and should take no more | | | | Thisprovides increased speed and efficiency as well |
| than a fewminutes of your time. | | | | as morecontrol over your transfers. |
| Allocation of a personal currency dealer. The best | | | | This all may seem a very tall order however most |
| brokersallocate you a personal Dealer who will monitor | | | | goodcurrency dealers will provide the facilities |
| thecurrency markets on your behalf and update you | | | | mentioned. |
| accordingly,providing information on the best time to | | | | |