How currency movements affect you
No-one can control exchange rates. They are affected by virtually any and all economic and political news. Anything from revised inflation forecasts to political machinations, from British house prices to an American President tweeting late at night, can shift the value of the currency you hold.
On some days, if you’re lucky, you could find the market rates have moved in your favour. On others, negative fluctuations could leave you out of pocket. If you’re transferring funds to buy property, just a 1% fluctuation could push that dream home well out of your budget.
We’re here to help you avoid the risks associated with the international currency markets, and to provide some certainty when it comes to your transfers. Every service we offer, from expert guidance and content, to granting access to the interbank exchange rates, is designed to minimise your risk of losing money.
What are interbank exchange rates?
Interbank rates are the headline rates you’ll see quoted on the news. We also use these rates for our live rates monitoring tools and charts. These are the live exchange rates at which the banks are trading currencies with each other in huge volumes. While you can use these rates as a guide to how currencies are strengthening and weakening, they are not on offer to the general public.
Smart, however, can help you ensure that changes to the rates don’t kill off your long-term dream of buying a home abroad. We offer a range of services to protect you from movements. We will help you make informed decisions and we will help you budget. It all adds up to peace of mind.
Most of us don’t often have the time to constantly monitor live currency rates. That’s why we need experts like Smart Currency Exchange.
We offer solutions that help you to avoid the risks associated with rates dropping and will protect your property buying budget.
Take advantage of our bespoke tools and guidance
We can help you to lock in exchange rates that you’re happy with for up to 12 months with a Forward Contract. This works for people who want to capitalise on a good rate for longer than it’s likely to be available. It’s an invaluable budgeting tool for those buying property abroad, who know they will be making lots of international payments. We also recommend a Forward Contract to anyone with regular international payment needs. If you’re making the same transfer every month, you can lock in a rate to know for sure how much will be coming in and out of your account each month.
If you are making a one-off payment or purchase, we can access the live rates to secure you the best rate possible on the day in question with one of our Spot Contracts. In short, whatever your international payment needs, we are here to ensure the rate you trade at is the best it can be.
To help as many people as possible, we offer transfers into a wide selection of currencies. We offer all the usual suspects, euro, dollar, yen, dirham, as well as a range of smaller currencies.