Tag Archives: currency transfer

Want to save money on your currency transfers?

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Given all that has happened over the past year we’re all pretty switched on to movements in exchange rates these days and we look to move our money when it is beneficial. Despite this far too many people are using their online banking system for transfers but this is rarely the best option as not only is there usually a fee, the exchange rates are rarely competitive. If you want to save money on your currency transfers read on.

With Sterling being relatively weak compared to the US Dollar, the currency to which most GCC currencies are pegged, it is still a good time to move your Dirhams, Riyals or Dinars to Sterling although there have been suggestions that we may see some movement the other way before too long.
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Thinking about transferring money between currencies?

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If, like many people, you keep an eye on exchange rates you will have seen that Sterling is looking stronger against the US Dollar. This means that if you are considering transferring Sterling to US Dollars, UAE Dirhams or any other currency pegged to the US Dollar, this could be a good time to take action.

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Want to save money on currency transfers?

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Who doesn’t want to save money?  As expats, we tend to make a number of transfers between currencies over the course of a year, but by doing it the right way, you could be saving yourself significant sums of money. Whether you are moving to or from UAE Dirhams, Saudi Riyals, Sterling, Euros, Dollars or just about any other currency you can make savings.

If you are planning on a currency transfer of a minimum of AED 8,000, or equivalent in any currency, you can take advantage of wholesale exchange rates that are more competitive than those offered by your own bank. And not only is the exchange rate better, there are no fees.

The system is very simple to use and all transfers are totally secure. The company is based in the UK, fully authorised by the UK Financial Services Authority and uses a major international bank for transfers. They have a number of offices outside of the UK including one in Dubai.

Transfers are available to and from any currency and real savings can be made. You agree the rate for your transfer so you know exactly what you will be getting. This method is suitable for both personal use and also companies.

To obtain further information about this valuable and useful service, please contact me by email and I will send you full details.

keren@holbornassets.com

Want to save money when making currency transfers?

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Of course you do! No one wants to spend more than they have to and we all like to make a saving.

With the fall in value of many currencies this is an ideal time to move your UAE Dirhams or US Dollars to Sterling or Euros. Want to make your money go even further? Want the best rates without any fees?

If you are planning on a currency transfer of a minimum of AED 20,000, or equivalent in any currency, you can take advantage of wholesale/commercial exchange rates that are significantly more competitive than those offered by your own bank and save up to 3% on the cost of transferring.

The company I use is based in the UK, fully authorised by the UK Financial Services Authority and uses a major international bank for transfers. Transfers are available to and from any currency. The system is quick, hassle-free and is suitable for both personal use and for companies.

A worked example is shown below

  AED 1,000,000 from your bank would get you… AED 1,000,000 from the exchange company would get you…
Exchange Rate AED 1,000,000 @ 4.8802

= €204,909.63

 AED 1,000,000 @ 4.7416

= €210,889.27
Telegraphic Transfer Fee = AED 70 = 0

 A saving of over AED 28,000 or €5,979.64!

Even for much smaller sums significant savings can be made, so why use your bank and lose out? If you make several transfers then the savings can really build up over time and as the saying goes ‘every little helps’.

Contact me on keren@holbornassets.com for details of how you can save on your next currency transfers.