Our goal is to make sure you have all the right information and tools you need to protect yourself from fluctuating exchange rates. We also give you access to much better exchange rates than you would get from your high street bank.
Essentially there are four reasons why you should use a currency specialist like HiFX rather than your bank:
You’ll save money by getting a better exchange rate
A recent survey undertaken by The Sunday Times showed that the high street banks were charging up to 4% more to exchange your money. 4% doesn’t sound a lot but, this means if you were changing £100,000 into Euros, for example, you'd pay around £4,000 more than if you'd used a company like HiFX.
HiFX will transfer your money abroad completely free of charge
If you use your bank you'll be subject to a number of additional bank charges which include commission fees (up to another 2% of the amount your transferring, transfer charges (usually around $30 for each and every transfer) and finally depending on where you're sending the money up to another half a percent due to bank receiving fee.
Fix the rate for up to 1 year
Unlike your bank, HiFX will allow you to lock into favourable exchange rates for up to 1 year protecting your money from adverse currency movements. We always remind clients that you'd never agree to buy a property in the UK without knowing the final cost. If you agree to buy an overseas property without fixing the exchange rate at the start that's exactly the gamble you’re taking. Bear in mind that the average off plan property takes 2 years to be built and you can see the risks involved by not fixing the rates at the outset.
Excellent customer service
Buying a property abroad is a significant investment HiFX will provide you with all the help and expert advice you need. We are used by over 25,000 people a year. Only 5% or our clients are wealthy - most are builders, doctors, middle managers, plumbers etc.
If you need more information call one of our foreign exchange advisers.