If you are leaving or returning to the UK, as well as getting hundreds of pounds in tax refunded, learn how you can avoid losing money by using a currency exchange specialist.
Here’s an example: If you were in the process of moving abroad – or returning – and you needed to move all your wealth, then in the last 12 months on a £200,000 transfer you could easily have lost up to £24,000 by transferring at a bad time. In this case, that is a whopping 12% of your entire assets.
How do those exchange rate losses happen?
The exchange rate into both dollars, euros and many other major currencies has fluctuated by over 10% in the last 12 months. So this alone makes up more than £20,000 of savings – or losses that you could have suffered. Then if you used a high street bank, they charge at least 2% more than a currency specialist, such as Smart Currency Exchange. That would have cost you another £4,000!
What can you do to avoid losing money?
Use a currency specialist. You gain access to a dedicated account manager who can carefully help you plan how and when to make your currency transfers. With their expert guidance and experience you can avoid painful losses. You can benefit from a range of solutions, to for example allow you to only trade when the exchange rate is high – or take advantage of a good rate at any time and apply it to future trades.
See how much you could save with Smart Currency Exchange by completing the short form on this page. Alternatively, you can call Smart Currency Exchange today on +44 20 7898 0541.