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Written and Edited by
Adrian Leeds,
Editor of Parler Paris
A weekly e-letter sharing insights, recommendations, tips, and discoveries about property in both Paris and France.
Buying Property in France? Don't spend more than is necessary when transferring currencies!!!
Americans looking to purchase property in France will need to purchase Euros in order to complete an acquisition. In today's volatile currency markets, a small change in the currency rates, coupled with the high commission charged by most banks can make an enormous difference in the net Euro amount received when converting your currency. Depending on the size of purchase, this could make a tangible difference of several thousand dollars; money you may prefer to put towards starting your new life in France! Naturally, securing the very best rate of exchange becomes all important.
The solution is HIFX
French Property Insider are pleased to work closely with international currency brokers HIFX, Inc to make all the important foreign exchange aspect of your international purchase as simple and cost effective as possible. Although it is impossible to predict currency movements with 100% accuracy, HIFX's views over recent years have consistently been seen by Reuters to be some of the most accurate in the world. Additionally, their analysts appear regularly on CNN, CNBC and Bloomberg business television and are featured in The Wall Street Journal and the Financial Times.
The Private Client Services Team at HIFX understands the purchasing process and the complications people can experience. HIFX will allocate you a personal dealer who will discuss with you a sensible strategy to suit your specific circumstances. All HIFX clients receive daily or weekly exchange rate updates, which should enable you to make a well informed decision when the time comes to buy your currency.
The service HIFX provides is cost free and carries no obligation to trade until you give your specific instruction over their recorded telephone lines.
The HIFX service includes:-Save Time and Money on Overseas Currency Transfers
- Personalized Service
- No commissions
- Free transfer of funds
- Offices in the US, England, Australia and New Zealand
- Commercial exchange rates
- Guaranteed forward prices (up to 2 years in advance)
By Justin Harris, HIFXForeign exchange specialists HIFX will save you time and money when buying currency and making regular transfers overseas.
Once you have bought your overseas property or migrated, you may still need to make regular currency transfers abroad. Reasons for this may include:
- Foreign mortgage payments.
- Pension transfers.
- Rental income repatriation.
- School fee payments.
- Salary transfers.
HIFX has developed a Regular Payments Abroad service to remove the stress associated with organizing regular currency transfers. We can help you fix the exchange rates for between 6 and 24 months into the future and organize your international money transfers. The process is fully automated and guarantees clients will never miss a payment. All you need to do is arrange a monthly ACH/direct debit to HIFX and we'll take care of everything else.
The service is currently used to make over 20,000 payments every year and by using our regular payments service, HIFX could save you over $500 a year on transfer fees alone. The savings you'll make don't end there. Not only will you get a competitive exchange rate, with NO commission charges and NO receiving fees at any bank, guaranteed...we make sure you'll receive more for your money!
Example:Let’s assume that your overseas mortgage is 1,200 euros every month.*
Main Stream Bank HIFX Exchange rate 1,200 euros @ 1.27 = $1524.00 1,200 euros @ 1.27 = $1524.00 Commission charge 3% = $45.72 FREE Transfer fee $40.00 FREE Receiving fee 0.50% = $7.62 FREE Total you pay $1617.34 $1524.00 With HIFX you could save up to $93.34 each month or $1120.08 every year. Over the typical life of a mortgage (15 years) using HIFX would save you $16,801.20.
*Figures are for illustration purposes only and may not reflect present rates and bank charges.Click here to download the HIFX Regular Payments Abroad Information Request Form.
To register with HIFX or simply view their website, click here. For a free, no obligation currency consultation either call +1 (415) 678 2770, e-mail info@hifx.com or click here, filling in your details, and one of the team will contact you at your convenience.
Brian Westwater, Consultant
Private Client Services, HIFX, Inc.
250 Montgomery Street, Suite 910
San Francisco, CA 94104
Brian.Westwater@hifx.com
http://www.hifx.com
