Global Currency Exchange
Foreign currency exchange rates and international payment services for both private individuals and businesses

Information


Exemplary levels of service
Unbeatable exchange rates
Zero commission
Free transactions
Same day transactions
Professional advice on options

 


Newsletter


Save money on currency transfers.
Our FREE currency report will keep YOU informed of currency movements

Subscribe today

 

Signup to our FREE newsletter

   
Name:
Email:
Phone:



 


Call Back


Let us call you and discuss options available for you.

Call Back

   
Name:
Phone:
Email:
Time:



 




"Let us compare the market for you so you receive the best exchange rates"

Today`s Rates

Interbank Updated 08/05/2008

GBP/USD 1.9533
GBP/EUR 1.2738
GBP/JPY 203.04
GBP/AUD 2.0776
GBP/NZD 2.5281
GBP/ZAR 14.8490
GBP/CHF 2.0618
GBP/CAD 1.9722
GBP/SGD 2.6858
GBP/THB 62.35
GBP/HKD 15.2182
EUR/GBP 0.7850
EUR/USD 1.5328

Fill out the form for your free no obligation rate quote

   
Name:
Email:
Phone:
A brief overview of your query:



 

Ten Top Tips when buying currency

1. Don’t leave it to the last minute. Talk to a specialist currency broker as soon as you know you are going to need to purchase currency. That way you will have time to secure the best exchange rate.

2.  Deal with a company where you get a dedicated Currency Dealer. You will build a rapport with them and receive a better service.

3.  Some companies charge commission so find out up front what their costs are and whether you will be charged commission on transfers.

4.  Set a realistic budget based on the current market. Your Currency Dealer should explain to you what is happening and the general direction of exchange rates.

5.  Don’t get greedy, if your target exchange rate is available take it otherwise you could lose out.

6.  If you have future payments to make, and your target rate is available secure your exchange rate with a forward contract.

7.  Try to avoid purchasing currency at the low of the day, the difference can be significant and your Currency Dealer should help you with this.

8.  Look on websites like ours, bbc.co.uk and yahoo.co.uk to find out what the interbank exchange rate is and also what is influencing the market.

9.  Always get confirmation from your Currency Dealer that your monies have been sent.

10.  Finally, don’t use your bank as it will cost you a significant amount more and they cannot offer specialist guidance.


Foreign Exchange Market Overview - March 2008

We are pleased to be able to provide you with our latest currency newsletter, which offers a useful insight into the main foreign exchange headlines over the last few weeks.

Sterling Overview

It has been an interesting month and sterling remains under pressure. The Bank of England voted to keep interest rates on hold at 5.25%. This was forecast, however the minutes indicate a cut in interest rates is just around the corner. Another major factor to sterling weakness was speculation that HBOS was in a precarious financial position. HBOS shares lost significant value and the pound tumbled. Unlike with Northern Rock, the Bank of England and FSA reacted immediately to ease fears and ultimately the HBOS rumours were complete nonsense.

House price inflation data from Nationwide, Halifax and RICS shows property prices slowing down although with limited supply prices are not forecast to drop sharply. Also, employment data and retail sales are still robust with both Next and John Lewis announcing positive sales figures. This will limit the Bank of England’s ability to cut interest rates too much, providing some support for the pound.

Given the market conditions our view is for sterling to remain under pressure in the short term. If you are concerned about exposure to the markets please contact your Currency Dealer who will be able to give you advice on the options available.

GBPEUR

With continuing lack of confidence in US financial markets the main benefactor has certainly been the euro. Whilst the US dollar remains weak investors are purchasing euros. This is having a knock on effect making the euro as expensive as it has ever been. The flip side to this is that there has never been a better time to sell euros.

GBPUSD (Cable)

US markets remain fragile and earlier this month the Federal Reserve took aggressive action by cutting interest rates 75 points to 2.25%. Confidence continues to be an issue compounded by the collapse of Bear Stearns, although positive earnings results from other investment banks has provided some dollar support. US dollar buying levels still remain favourable and with the long term forecast indicating a sharp recovery in America, there might not be a better time to purchase dollars.

GBPCAD (Loonie)

Despite record oil prices the Canadian dollar has lost value against sterling. A sharp fall in commodity prices and an interest rate cut of 50 points to 3.5% has seen the loonie come under selling pressure.

GBPZAR (South African rand)

With continued uncertainty in the global credit markets emerging currencies like the South African rand have struggled. Having said this demand for commodities remains high so when confidence returns the rand could recover these losses.

GBPAUD (Australian dollar)

The Reserve Bank of Australia (RBA) increased interest rates again by 25 points to a 12 year high of 7.25%. The dollar is now more expensive than it has ever been and with a lack of confidence in the UK we could see even better levels for those selling Aussie dollars.



 

Property Marbella Info | Polaris World mortgages | IMS international Mortgage Solutions - Spanish Mortgages Spain