When moving abroad, there are a number of different considerations you have to make and with so much to think about, it is easy to overlook the issue of obtaining the best foreign currency exchange rate.

For more detailed information, please check out the Axiafx website.

Buying a holiday home or emigrating can be one of the most important decisions we ever make both in terms of lifestyle and finances.

When moving abroad, there are a number of different considerations you have to make and with so much to think about, it is easy to overlook the issue of obtaining the best foreign currency exchange rate.

When buying abroad, you will be selling Sterling. At this point, you are exposed to currency market movements. Your future wealth will be influenced by the timing of your currency transaction and the price you obtain. If Sterling strengthens before you buy your local currency, for example Euros, you will be able to buy more with your money. However, if Sterling weakens, your overseas property will now cost you more.

A typical example of how Axia Fx can save you money is the following:

• On the 23rd of January 2006, a high street bank was offering an exchange rate of 1.49 for a client who was purchasing Euros and selling £100,000. Axia Fx would have offered the client an exchange rate of 1.5205. This would have saved the client £2,006.

• Axia Fx can also fix the exchange rate for customers. If an overseas home buyer had agreed to purchase a property at Euro 200,000 in January ’07 at an exchange rate of 1.52, it would have cost them £131,579. Had the customer not fixed the rate at the time, due to sterling depreciating against the Euro, the same property would have cost £134,680 at the beginning of February ’07, costing the client an additional £3,101.13 in just four weeks.

At AxiaFx, we annually service thousands of individuals who are buying or selling property overseas or who need to pay regular payments abroad. AxiaFx not only saves it’s customers thousands of pounds by providing more competitive exchange rates than the high street banks, they also offer specialist advice on the most suitable currency transfers.

How can we do that? Well at AxiaFx we have direct access to financial market rates through our parent company; our overheads are much smaller than those of the banks and more importantly, we service our clients directly in contrast to a bank which quotes a price that has been derived from four stages, at which an intermediary would have taken a cut at each.

A common concern of those customers looking to use Axia Fx instead of the bank, is the issue of security of funds. AxiaFx is owned by the IFX group which itself is owned by City Index, a major city financial institution. Both companies are regulated by the Financial Services Authoirty (FSA), and we ourselves are regulated by HM Customs and Excise. All client funds are held securely at our bankers, Royal Bank of Scotland.

Don’t pay over the odds for your property by not utilising the competitive rates provided by alternative foreign currency providers. You do now have a choice, so don’t waste all that hard work by giving money away. For a no obligation quotation, please call Mark Aplin or Daniel Engelsman at AxiaFx on +44 (0) 845 257 8258


To find your ideal property for sale from real estate agents in Lanzarote, Tenerife, Fuerteventura, Gran Canaria, Costa Calida, Costa de Sol, Almeria, Costa Blanca and Sal in the Cape Verde islands please click one of the links below.

- Lanzarote property for sale and rent from local real estate agents

- Tenerife property for sale and rent from local real estate agents

- Fuerteventura property for sale and rent from local real estate agents

- Gran Canaria property for sale and rent from local real estate agents

- Costa Calida property for sale and rent from local real estate agents

- Costa del Sol property for sale and rent from local real estate agents

- Almeria property for sale and rent from local real estate agents

- Costa Blanca property for sale and rent from local real estate agents

- Sal, Cape Verde Islands property for sale and rent from local real estate agents

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