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Foreign Currency Exchange - Payment Options

Smart Currency Exchange offers various options to enable you to save money and reduce the risk of losses. Briefly, these options are:

1: Buy a lump sum of currency needed now or soon. Spot Contract
If you're buying a property overseas soon or need to make a lump sum payment such as a deposit, pay for solicitor fees, or send money back to the UK (repatriation) this is a good option to consider. This option is called a 'Spot Contract' and allow you to purchase and transfer money to your overseas bank or financial institution today (or within days). Smart Currency can offer 'Spot Contracts,' at better-than-bank rates. Get more information on Spot Contracts

2: Buy currency now at a fixed rate and pay for it later. Forward Contract
This option is fantastic for property buyers that have staged payments (or are paying for a new build in instalments) and want to ensure against an unexpected changes (in either direction) in the price of your currency. This is especially handy if you need to work to a budget. The price that you were quoted for your property on a particular day will certainly be different a few months (and even days) later. The last thing that you want to do is to pay £10,000 extra pounds because you didn't secure a rate! These contracts are called 'Forwards' as they allow you set a rate forward into the future. Get more information on Forward Contracts

3: Order currency when it hits a rate that you designate. Order to Call
This option is called a 'Order to Call' and is for people that have no specific time restraints or requirements. It allows you to designate a rate that you're willing to wait for and when the currency hits your preferential amount, your Smart Trader will call you to find out if you'd like to buy the currency. This allows you to save money and use fluctuations to your advantage. Get more information on Orders to Call

4: Order currency when it hits a rate that you designate. Order to Buy
This option is called a 'Order to Buy' and is for people that have no specific time restraints or requirements. It allows you to designate a rate that you're willing to wait for and when the currency hits your preferential amount, the currency is purchased for you. This allows you to save money and use fluctuations to your advantage. Get more information on Orders to Buy

5: Safeguard against adverse fluctuations. Limit Order
Finally, you also have the ability to put a spread between the rate you most want and a ceiling that you don't want the rate to go over. This allows you to have quite a bit of control over your currency. Get more information on Limit Orders

Apply online or call now (freephone 0808 163 0102) and get access to your Smart Trader to discuss just how much Smart can save you! Let us listen to what your situation is and provide you with the various options you have available!

Client Feedback

"Smart’s service was excellent! I was courteously dealt with - professional information which satisfied all my queries, clearly given. The whole transaction went smoothly with assurance from helpful staff & I got a great rate. I will use Smart again – only wish I’d found Smart sooner as I’ve had uneasy transactions over the last 7 years! Anna (Dorothy) Ambler " more testimonials

"Thanks to your company the purchase of our flat in France went very swiftly. The information was excellent as was the follow up. I will now use your company for my future money transfer as you rates are competitive and the process and the process quick and easy… Beatrice Pashley " more testimonials

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