If you are buying a property overseas, whether as an investment, holiday or retirement home, or to live permanently, it is likely that you will have to pay for your property in dollars.

Exchange rate volatility will play a key role in your local currency transfer. It is not uncommon for currencies to fluctuate by as much as 10% over relatively short periods of time.

For example, a couple wishing to purchase a property in the US for 200,000 Dollars would have paid the Sterling equivalent of £104,096.18 in April 2005. Three months later they would have paid £115,134.42 for the same property. By securing an exchange rate in advance, they could have made a saving of £11,000.

In addition, you can take advantage of the following:

· No commission charges

· Fast, efficient worldwide transfers

· A dedicated dealer to guide you throughout your currency transaction

· 24 hour market monitoring enabling you to benefit from currency fluctuations outside of normal banking hours

· Regular Payment Plan - smaller regular transfers

· Extended office opening hours 7:30am - 10:30pm Monday to Friday and 10:00am – 4:00pm on Saturday.

· TTT Moneycorp Privilege card to purchase currency and travellers cheques commission free and at preferable rates of exchange from any of our retail branches in central London, or at Gatwick and Stansted airports

· Peace of mind dealing with a company that has been trading foreign currencies since 1979, is the only foreign exchange company in the UK to have been certified to ISO 9000 Quality Assurance and last year traded in excess of £4 billion in currencies

FREQUENTLY ASKED QUESTIONS

Moneycorp Commercial Foreign Exchange