Blog by Daniel Wright - Associate Director at Foregn Currency Direct

Should you find this information useful or have an upcoming currency transfer to make you need assistance with feel free to contact me either by calling my direct line 01494 787462 or by emailing me directly on djw@currencies.co.uk

Also feel free to take a look at my personal website updated daily - www.currencyinformation.co.uk

Wednesday, 13 May 2009

The Process

Having assisted many clients over the years that have requirements to send funds abroad I completely understand that each individual case needs to be dealt with in a different way.

Some clients may know exactly how the markets work and purely would like to achieve the best exchange rates, and some may have little or no understanding about how the markets work and need some help along the way.

Whichever category you fall into I am more than happy to assist you every step of the way, fully explaining the process and keeping you up to date with market movements alongside any upcoming data that may have an effect on the cost of your currency.

If I could predict exactly where the markets will go in the future I would quite clearly be a very rich man so I cannot guarantee you solid advice, however I can give you my opinion based on market knowledge and trading the markets myself for years.

Trading with myself at Foreign Currency Direct is simple and easy - All you need to do to set up a trading facility is click on the link to Foreign Currency Direct below and fill in the online registration form which takes approximately 2-3 minutes. Opening a trading facility incurs no costs and carries no obligation to trade through us, it simply puts you in a position to book out a rate should you wish to.

Once the registration is completed I will personally get in touch with you to discuss your requirements, which in turn will assist me to work out the best way for you to go about securing your currency which may include forward contracts or stop/limit orders.

I also deal with many commercial clients and can achieve highly competetive commercial rates - Foreign Currency Direct have been awarded 'best exchange rates' for the past three years running by the Sunday Times - A great credit to the company and it also goes to show that we can save your company a great deal of money at a time where everyone is trying to tighten their budgets.

Once the facility is open and I have achieved you a rate that you are happy with it is again a very simple process from there forward which I will outline below:

1) We go through a brief verbal agreement over the phone in order to book out your rate.

2) Within 5 minutes I forward across a contract note to you which can be emailed, posted or faxed which will contain all the details of the the transaction, our bank account details for you to transfer to and a section for you to fill in with the details of where you would like the funds to be sent.

3) Once a rate is booked we generally ask for settlement within 2 working days, and once funds are received and everything in place we send your funds out as a 'swift' international transfer - they should arrive in your designated account within 1-3 working days.

Please feel free to email me at djw@currencies.co.uk or contact me personally - Daniel Wright

on freephone 0800 328 5884 and I will be more than happy to assist.

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