Most expatriates have their finances arranged in two, three or even more currencies. Bank accounts, assets, liabilities and responsibilities in different countries mean that most of us soon become very proficient at switching and knowing the exchange rates between the various currencies we use.
For small purchases and transactions we don’t really notice a difference in rates or charges, but for large transfers these can have a significant impact on overall costs. Typically banks will charge a 2% to 4% foreign exchange charge on currency transfers. With more ‘exotic’ currencies this can be significantly higher.
We review the available companies offering FX services and select what we believe to be the most suitable and well regulated offerings in the market and ensure they align with your needs and requirements.