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Eagerness to change your currency can cost you money! Your High Street Bank can offer one currency rate and a Currency Broker can offer another. The difference on £100, 000 could be as much as £15, 000 between broker and bank.

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Currency Brokers are more competitive than high street banks and can offer better deals. Over the last ten years they have grown into dominating the 'Currency Market'; apart from dealing with the finance industry, such as Forex and Currency Trading, they now using their ability to buy foreign exchange at wholesale prices for those private individuals that are purchasing property abroad. Most Currency Brokers are dealing with over £10 million per year; some as high as £100 million.

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Any amount over £10, 000; or alternatively regular overseas payments are now being processed by Currency Brokers.

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Currency fluctuations, highs exchange rates, low exchange rates, currency conversions, advice, tips and the Currency Broker's experience will command greater respect than ever before.

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Currency Fluctuations - An international investment's total return is
based on two factors - the investment's return in local currency plus
currency fluctuations. For example, suppose you purchase a British
stock whose price increases 10% in one year in terms of British
pounds. If, during that same year, the British pound increases in
value by 5% compared to the U.S. dollar, your total return would be
15% - 10% from the investment's return plus 5% from currency
fluctuations. However, if the British pound decreased in value by 5%,
your total return would be 5%.

Always get two or more quotes if you are about to exchange large sums of money into an overseas currency.

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Foreign Currency Exchange information continued...

Dollars - Pounds - Euros - The current account deficit and budget deficits in the United States are out of control and most economists are very skeptical of the long-term health of the US economy. That is the major reason why dollar is falling. As the growth opportunities emerge in Brazil, Russia, India, and China (BRIC), investors are less interested in the United States. As a short-term solution to what is a long-term problem, the Bush administration is letting the dollar fall so that some American manufacturers can export American goods overseas. However, this is making life difficult for European exporters who are being priced out not only in Asia but United States as well. So expect them to react soon.

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