Foreign currency exchanges from £250 (or currency equivalent) to £4,000.

We welcome all fx clients with a need to make a currency exchange  of more than £250 in value.

We have a simple online registration facility. Once registered, you can buy your currency online, or contact one of our dealers. You will normally have been allocated your personal dealer when you are registered.

By using our simple foreign exchange service, you will save a great deal of money.

• On a £4,000 exchange & International transfer, you can save in the region of £140
• We don’t charge commission, unlike the banks. You can save £25 here
• We don’t charge to transfer your money abroad, unlike the banks. The normal saving here is about £25.00
• We have special arrangements in some countries where you won’t pay your local bank to receive the money. Most banks abroad charge 1% of the amount that arrives in your account. On a transfer of £4,000, you can save £40.
• MOST IMPORTANT. Not all exchange rates offered are the same. Typically, our exchange rates are much more competitive than those offered by the high street banks. You can easily save another £50 just on the exchange rate, when transferring £4,000.

Got a question? Please CONTACT US, or call our UK Head Office on 01480 458400, when dialling from abroad, 0044 1480 458400.

Buying and selling foreign exchange is made very simple when you use us. Discover how it all works here.

Open a free foreign exchange account here

Today’s global currency conversion exchange rates from this morning. If you would like to be kept informed of any particular currency exchange rate, just fill the form in at the end of this article.

We trade commercial amounts at commercial rates.

We make larger money transfers for businesses and private individuals. Our speciality is commercial transfers for larger sums including regular payroll transfers overseas, payments for international property, supplier payments in foreign currency and currency conversions for hedge funds.

Read the daily market comment here. Currencies rise and fall on many economic triggers, read about today’s economic announcements.

Global Currency Exchange Network, bring you daily currency exchange rates. For currency conversion, and money transfers, go to our website to create a free money transfer account

GLOBAL CURRENCY EXCHANGE NETWORK – Base currency British Pound

Currency	Code	GBP/1 Unit	Units/1 GBP
Utd. Arab Emir. Dirham	AED	0.1973	5.0749
Australian Dollar	AUD	0.4743	2.1132
Brazilian Real	BRL	0.3149	3.3088
Canadian Dollar	CAD	0.5887	1.7013
Swiss Franc	CHF	0.6281	1.5938
Egyptian Pound	EGP	0.135	7.7336
Euro	EUR	0.9413	1.0635
Indian Rupee	INR	0.01473	68.6205
Japanese Yen	JPY	0.008171	122.557
Polish Zloty	PLN	0.2141	4.7073
Thai Baht	THB	0.02154	49.9133
US Dollar	USD	0.7246	1.3811
East Caribbean Dollar	XCD	0.276	3.7649
South African Rand	ZAR	0.07114	14.1371

NB Rates as of:Monday 26th January 2009

Just call our Head Office on +44 (0) 1480 458 400 if outside the UK,

or 01480 458400 ( in the Uk).

We will quote you the best exchange rate for Euro, usd, gbp, aed and more.

Currency Exchange conversion is all we do, so let us handle your commercial money transfers overseas.

LET US QUOTE YOU…..

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Types of Contracts in Foreign Exchange

There are many methods of performing currency exchange. Fx-foreignexchange provide currency conversion services for corporations and private clients.

The types of currency contracts mentioned here apply to both business and private clients.

The following are just some of the methods we use to mitigate risk when helping our clients. If you are interested in becoming a client, registration with us is free, and here is no obligation to use our service as we are so confident that you will continue to use us once you have seen the benefits of our expertise.

To find out more about our business currency exchange services

A Spot rate contract.

A Spot Fx Currency Contract is a foreign exchange transaction based on a currency exchange rate at any particular time.

The rate of exchange at that moment is decided by the International market rates.

This is the way that most Company’s buy their currency, but it’s not necessarily the best way. If you believe that the rate is at it’s most beneficial at that very moment, then this is the correct solution, but most businesses seek a more planned strategy to their cash flow.

Forward currency contracts.

A “forward” allows you to protect your business against volatile market swigns n the currency rates that you wish to exchange.

Here are some of the benefits of a “Forward”:

• Fix the currency exchange rate. You can fix the rate of exchange now for either a payment, or receipt, for some date in the future.
• Individual solutions for your business. We can help to devise a currency exchange strategy that will work with your specific needs. Usually, this combines the requirement to retain cash for cash flow against the benefit of buying as much currency forward as possible.
• Certainty. This method provides your business with precise margins. You will not have to wait to see what the exchange rate does at some future point, or lose out by buying too early.
• Flexibility. It is possible to buy your currency using a method known as a “time option” on a standard forward contract. This allows your business to range your settlement dates. This is ideal if you are an importer, for example, and you don’t yet have specific dates of arrival.

Forward Plus Contracts.

A Forward Plus Contract has all of the benefits of a Forward currency contract, but is designed to limit your foreign exchange risk, and to maximise the potential gains in spot rates of exchange.

Example: Your Company has won a contract to supply a company with goods over the next 12 months. These goods can be bought and supplied on a monthly basis.

They will have to be paid for in an alternate currency.

To safeguard your business from currency fluctuations, you have based your profit margin on a particular rate of exchange. Fix that rate with a “Forward Plus Contract” to protect your business from the fluctuations in foreign exchange rates that may erode your profits over the year.

Your profit margin is then protected from currency fluctuations. All you have to worry about now is buying, supply, installation, payroll ……….!

If you are prepared to allow some flexibility then you may wish to consider an “Accrual forward”

Accrual Forward’s offer usually better rates for corporations that prefer to accumulate currency over a given time period. This enables a company to accumulate currency on a drip-feed basis at a rate that is better than the usual Forward Contract rate.

Find out more about fx-foreignexchange.com

Get your foreign currencies direct from a commercial currency exchange supplier.

• You get a better currency rate
• Your currencies are dealt with, direct, by a currency dealer. No middlemen.
• Make regular monthly payments easier and less expensive
• No commissions charged, just currencies exchanged, then transferred direct to your nominated bank account.

Why would you use a bank to exchange your foreign currency?

• They are slower…. A currency broker has no motivation to hold onto your money.
• They generally charge a commission… Most currency dealers don’t.
• They offer less competitive exchange rates… By buying your currencies direct from an fx dealer, you nearly always get a better rate as exchanging money is all they do.

A good currency broker will be able to provide a multitude of fx services for private individuals and businesses.

To discuss how a foreign exchange dealer can help you, why not call fx-foreignexchange.com and see how much money a specialist can save you.

UK Head Office: 0044 (0) 1480 458400.

Transferring your pension abroad need not cost you a fortune every month.

If you use your bank to make the pension transfer overseas, it´s likely that you will be much more than you need to in charges, commissions and the currency exchange rate.

As more and more people have chosen to retire overseas, the banking system is set to gain from this migration. However, whether you have a state pension or a private pension scheme, the taxation treatment of your money may be different depending on the arrangement that the UK tax office has with your new homeland. Relying on conversations with friends, who have already moved abroad, is useful. But, take great care to get the right information from the tax office.

If you are a UK resident and choose to retire in the United States, you will currently benefit from annual increases in your state pension. If you choose to retire to places like South Africa, New Zealand or Canada, your pension is likely to remain at the level that it was when you moved abroad.

Variations in tax law may mean that you may also have to pay more tax, or possibly pay tax in both Countries as the money originates in the UK and you are spending it abroad.

Before moving abroad, I suggest you have a word with a Tax specialist in Pensions. They could save you a great deal of money.

Currency Exchange.

Now that you have established what you are likely to receive from your pension while living overseas, it is worth discussing your plans with a currency broker. Currency Exchange dealers can save you a great deal of money when you are making regular monthly payments.

Ratheer than rely on the good nature of your originating bank to keep the costs down and to give you a great rate of exchange, why not go to a currency conversion specialist like fx-foreignexchange, who have a simple system for making these monthly transfers?

Because it´s simple, it´s cheap! You instruct your bank to transfer the monthly pension payment to fx-foreignexchange. At the end of the month, the presiding rate of exchange is applied to the pension amount and the money is converted into your destination currency. The money is then transferred to the bank account in your new home country without commission or transfer charges. Often, if fx-foreignexchange have a bank account in your destination country, there won´t be any receiving charges either.
It´s efficient and cost-effective.

To speak to someone about making a regular monthly payment abroad just call the UK, 0044 1480 458400

In these difficult times, you need all the help you can get just to keep hold of your hard earned money.

• You may be in business and have a need to regularly pay suppliers abroad.
• You may be an expatriate and have a need for a regular monthly payment to be transferred overseas.
• You may have decided to emigrate and have a need to move nearly all of your savings.
• You may have just decided to buy that, longed for, holiday home abroad and have a need to transfer your savings as a deposit.

Whatever your reason for moving money abroad and having to exchange the currency to another type, you need to choose your currency dealer wisely. This is mainly because there are usually seemingly small charges applied to the currency exchange deal AND some foreign exchange brokers will not give you the best rate available.

Yesterday, I even heard of 2 different banks who offered a client a rate of exchange that sounded competitive and confirmed that there would not be any charges by them for the transfer or at the receiving bank. In both cases, this was completely untrue! The clients dutifully told their managers to make the transfers. When they received their exchanged money, charges had been applied at both the sending and receiving banks in addition to a completely different rate of exchange being applied!

When each client visited their banks for an explanation, it was like the bank managers were reading from the same script. Both offered the lame excuse that they merely processed the exchange of currency. After that, the rate of exchange was applied by the dealing room whenever they got around to doing the deal. No explanation was offered to explain the charges.

If these people had used a professional currency exchange dealer, they would have had a contract with the rate of exchange on it and a full explanation of charges applied if there were any. They would have known exactly how much they would receive.

Why use a bank when you are protected by this form of contract? If you regularly make payments abroad, or need to make a one-off currency exchange try fx-foreignexchange.com. You will be dealing with professionals.

Use a specialist business to make your currency exchange and save a great deal of money. Using a bank to transfer your money abroad can be a costly, as they tend to charge commission and a transfer charge, whereas most specialist currency exchange companies rarely make these charges.

In addition, a high street bank is likely to give you a worse rate of exchange than a currency broker can.

However, currency exchange brokers differ wildly, both in terms of service and value. Like all service providers, they offer services that are similar, but the differences appear subtle yet make a vast difference to your pocket.

Choose a currency broker that is interested in you, or your business. Most foreign exchange businesses will simply take your instructions to make the currency exchange, then transfer your money to the destination account. You need a currency broker who will take a bit more interest in your needs and will then advise on the best way to maximise the net amount from the exchange.

Here are some of the services that you could take advantage of by choosing a currency dealer carefully:

Regular payments:

If you have to make regular payments overseas such as a pension transfer, or maybe a mortgage payment, or payments to overseas suppliers, business partners, franchise operations for example, you could fix the exchange rate for as much as 2 years ahead. You could then set up the payments so that you can concentrate on other matters. The alternative is to use a dedicated currency exchange dealer, who can pick and choose when would be best for you to change your money. Neither of these services have a charge attached when you use fx-foreignexchange.

Stop loss currency exchange:

A “stop loss” contract lets you decide on a rate that you would be happy to make a currency exchange. We can arrange for the money to be exchanged as soon as a particular rate has been achieved. The money is bought automatically.

We can add to this service by placing your details with an individual dealer. That dealer will then contact you as soon as the agreed rate is achieved and you can then decide whether you wish to make the exchange. To take advantage of this particular service, you need to register with us first though as currency rates can change quickly and it takes a few minutes to register. Registration is free.

Fixed currency exchange rates:

For businesses, or individuals, that have to make a money transfer overseas sometime within a few months, it is possible to pay a small deposit and fix the rate of exchange, then pay the final balance nearer the time of the actual transfer.

This is great for cashflow and takes the stress out of situation because you will have already fixed the rate of exchange and have ruled out the possibility of losing a great deal of money if the rate becomes unfavourable. For example, just a few months ago, the rate between the US Dollar and the GB Pound was around 2.04 Dollars to 1 Pound. The rate today is about 1.78 Dollars to the Pound. This is fine if you have dollars to sell and pounds to buy, but imagine you wanted to buy 100,000 Pounds worth of Dollars. If you had fixed the rate in advance, you would have bought $204,000. However, at if you hadn´t fixed the rate and went to change the money today, you would have received $178,000.

The difference in the exchange rate would have resulted in a loss of $26,000 !

Why take the risk? If you are in business, contact us and we will be pleased to allocate you a specific dealer who will take care of all of your foreign currency transactions.

Our UK number is : 0044(0)1480 458400, or just go to CONTACT US.

For more information, please visit fx-foreignexchange.com

FX-foreignexchange have a small team of specialist currency dealers, together with a support team, who cater for larger business clients such as trust fund companies, larger conglomerates with separate businesses in different financial zones around the world.

Often, these businesses have a long term arrangement to make regular money transfers. The individuals involved have other tasks to perform within the operation so they regularly go down the line of least resistance. They use their banks! Clearly, if you are a good customer, the bank will offer you a favourable rate but rarely will a bank offer the level of personal service that fx-foreignexchange can offer.

We were recently introduced to a Finance Director who had the task of transferring in the region of 1.4M Euros every month to his European counterparts. He had negotiated the costs with his bank and rang them to negotiate the rate each time he needed to make the transfer, so he felt that he had got the best deal for his business.

We were happy to demonstrate over 3 months that he had saved in the region of 20,000 pounds with a combination of spot rate buying, forward buying and stop-loss orders.

Of course, he didn´t have time to keep an eye on the rates. And, he certainly didn´t get a call from his account manager at the bank every time the rate was favourable. He didn´t even get a daily FX rate update on his email from his bank. He DID get all of that from us.

It retained company profits and made his job easier. If you would like an informal discussion on how we can help your business to retain more profit when dealing overseas, please call us and ask for David Osborne.

Our UK number is : 0044(0)1480 458400, or just go to CONTACT US.

For more information, please visit fx-foreignexchange.com

Time to Sell your Dollars and Buy Euros?

The US Dollar has climbed back to a six-month high against the Euro. With continuing fears that the European economy is transferring from a gentle slow-down to a full-blown recession, the Dollar has made vast gains in the foreign exchange rate.

The German economy seems to be the largest cause for concern, with a low of $1.4571 to one Euro on Tuesday. Leading market analysts have expressed views that Germany appears to be heading into recession and will likely drag the rest of Europe with it.

The American dollar has taken full advantage of the situation, but European exporters must be pleased with the current situation as their goods will now be cheaper overseas.

Exporters from Europe can take advantage of the fluctuating rates by contacting a currency broker and arranging for forward ordering of currency to be made on their behalf.

Fx-foreignexchange have currency dealers specifically allocated to business accounts. The currency dealers develop an insight into their client’s needs and buy, or sell, foreign exchange accordingly leaving their clients to do what they do best while saving money.

Looking to buy, or sell AED’s?

• Get the best exchange rates through us.
• We have an office in Dubai for UAE dirham currency conversion.
• Save money through us. Currency transfers are usually made for free. We offer better exchange rates and we will be pleased to quote to handle your regular money transfers in AED, euro, dollars, pounds and more.
• Secure money transfers made using our treasury provider, Barclays Bank.

Live currency exchange rates for the UAE Dirham, aed, are shown in the table below. They are updated every 12 minutes and display the mid rate between the buy and sell rates. If you would like a quote for the best foreign currency exchange rates today, please contact us.

Global Currency Exchange Network: No commission and No transfer fees.

Is it safe? See our Security & regulations information.

Currencies - Cross Rates

Remember to let us know whether you wish to buy or sell dirhams:

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