Frequently Asked Questions - Foreign Currency Transfers
Q. How will using Forex companies benefit me?
A. Exchange and transfer money today at a rate far more competitive than the high street banks. While banks fix their rates in the morning, we have access to the currency trading floor, thus we can access a better deal.
Q. How long does it take to set up an account?
A. If you start the process during office hours, it will take a few hours and once the account is set up, you can easily make arrangements for your exchange.
Q. Why don’t FX providers charge a commission or fee?
A. While banks fix their rates in the morning, Forex companies have access to the currency trading floor and because they buy currency in bulk they can negotiate spot deals which they pass onto the consumer.
Q. How can you make sure the company you decide to send your money is a legitimate company?
A. Send Funds Overseas has vetted and checked the credentials of all of the companies listed on this site. For those not listed, in the UK All legitimate Forex companies have to be regulated by the FSA and are classed as Authorised Payment Institutions.
Q. How can I be sure that they will beat my bank rates?
A. With corporate transfers banks are often as competitive so it is always wise to shop around checking with your bank and the FX brokers listed on this site.
Foreign Currency news
| 07/30/2010 02:56 PM |
| Currency Update – 30/07/10 – Smart Currency Exchange |
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Sterling mixed on US GDP data that shows growth has dropped Note: All rates are mid market inter bank and indicative at the point of publication. To get a live exchange rate please go to www.SendMoneyHome.org/smart-currency-exchange Email: sendmoneyhome@smartcurrencyexchange.com
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| 07/30/2010 12:27 PM |
| Foreign Currency Transfers – Market Summary from SendMoneyHome – 30/07/2010 |
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SendMoneyHome is the most comprehensive and global money transfer comparison portal. What every your reason for sending money overseas, you will find a quick and easy comparison at sendmoneyhome.org. Here are today's currency highlights:
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| 07/30/2010 10:15 AM |
| Daily Market Commentary – 30/07/10 – Smart Currency Exchange |
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Currency Rates EURO/GBP – 1.198 US$/GBP – 1.562 CHF/GBP – 1.621 CAN$/GBP - 1.613 AUS$/GBP – 1.736 ZAR/GBP – 11.477 JPY/GBP – 134.80 HKD/GBP – 12.133 NZD/GBP – 2.166 EURO/US$ – 1.303 To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form: http://www.smartcurrencyexchange.com/quote.aspx Sterling hit a further 5 month high of [...]
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| 07/29/2010 02:30 PM |
| Currency Update – 29/07/10 – Smart Currency Exchange |
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Sterling falls against euro on strong German unemployment data Note: All rates are mid market inter bank and indicative at the point of publication. To get a live exchange rate please go to www.SendMoneyHome.org/smart-currency-exchange Email: sendmoneyhome@smartcurrencyexchange.com
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| 07/29/2010 12:13 PM |
| Foreign Currency Transfers – Market Summary from SendMoneyHome – 29/07/2010 |
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SendMoneyHome is the most comprehensive and global money transfer comparison portal. What every your reason for sending money overseas, you will find a quick and easy comparison at sendmoneyhome.org. Here are today's currency market highlights.
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