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TorFX helps you get the best exchange rate

If you are buying abroad, the weak pound can have a major impact on your budget. “Don't panic” says leading currency broker TorFX, “we can help you get the most currency for your money”.

Exchange rates are always fluctuating, but over the last year, the pound has dropped sharply against most other currencies, in particular the Euro. This makes buying a property in Europe more expensive (in sterling terms) than it was one year ago. However, by choosing the right currency provider when it comes to paying for your property, you can make a substantial saving on the exchange rate, increasing your buying power. Specialist currency broker TorFX provides commercial exchange rates to people making currency transfers. Typical clients are either buying or selling overseas property, or importing an expensive item such as a car or a boat.

"With property prices falling abroad as well as in the UK, there are still bargains to be found despite the weak pound. As a result, demand for TorFX's service has never been stronger.”

“Quite simply, our goal is to help our clients get the most currency for their money, while also providing a simple, friendly service that cannot be matched by the high street banks” said Jon Beddell, Managing Director of TorFX…… “anyone using their bank for currency transfers could be losing up to 5% of their money, which is a huge amount on a property transaction. Most banks charge no commission, but instead make money by offering poor exchange rates. TorFX don't charge any commission, and our exchange rates are extremely competitive, so clients have access to rates that are usually only available to large corporations. Our online account opening makes it easy for customers to open a trading account, and we also transfer the currency free of charge to the end destination.”

Aside from better exchange rates, specialist currency brokers also offer facilities to help customers reduce the risk posed by currency fluctuations. Forward contracts allow you to fix an exchange rate on a future trade up to 2 years ahead. This is a crucial tool for anyone buying a property abroad, especially an off plan property that may take many months to complete. By using forward contracts for fixing the rate on stage payments, the risk of currency movement is eliminated, which makes budgeting more straight forward.

Clients can also place instructions with their personal dealer on when to buy, and at what rate. TorFX currency analysts are always on hand to provide advice and updates, and keep customers informed. “Most of our customers have never made a large currency transfer before, and dealing with the banks can be complicated and stressful. We take the time to explain the process clearly and advise on the best solution”, said Adam Solomon, Senior Currency Dealer at TorFX.

To find out more contact TORfx on their FREE ADVICE line 0800 612 9625 or visit www.torfx.com/index.htm?adloc=Property_Finder_France for an informative brochure pack.

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