Traditionally banks dealt with the foreign exchanges (FX) but nowadays there are financial services firms that specialise in FX. Technological changes are also revolutionising the way FX execution is conducted in the market.
When you are an expat one of the things to consider is the best way to send and receive money. A few factors to consider to get the most out of your overseas money transfer are;
- rate of exchange,
- hidden charges
- system reliability
Expats living in Sydney who engage in FX regularly must plan ahead to complete a transaction when it is most profitable. Expats can sign up to foreign exchange firms to receive daily updates via email or SMS. Constant communication with the bank or broker and comparing rates with other service providers to negotiate a better deal is advised.
Business owners can also enter into contracts that allow them to use the FX services at a fixed exchange rate for a certain period.
Expats are recommended to look and seek FX service providers that offer services according to the customers’ needs at the best rate possible. Our E-Team member is the leading FX service company and will be able to assist you with all your FX needs.
Providing the best and accurate currency and foreign exchange service since 1993, XE continues to gain global trust becoming the world’s most popular currency site.
Recently incorporating technology with their vision, they have developed mobile solutions to ensure that their customers get top notch foreign exchange service anytime, anywhere.
With modernised and expanded services to meet their customers’ growing needs, XE continues to bring reliable and accurate currency and foreign exchange services to 280 million visitors annually.
To know more about XE, please refer to the contact details below:
Contact Person: Vanna Kadir