Price differentials between countries and visibility of products and services via the internet while not being available via normal sales channels have contributed to the considerable growth in people buying products and services overseas. Particularly, high-value items such as yachts, cars, jewellery, art and antiques.
Price differentials between countries and greater visibility of luxury products and services on the internet have contributed to the considerable growth in luxury purchases of products and services overseas from all over the world. High-value items such as yachts, cars, jewellery, art and antiques are the most common reasons for many of the international money transfers we undertake for our clients.
Hawk FX Prime, can make a big difference to the final amount you pay for your luxury purchase, compared to using a high street bank. Just a 1% improvement in the rate of exchange could save you £2,500 on a £250,000 luxury purchase.
And if you lock in the exchange rate ahead of completing your purchase, you will know exactly how much you will need to pay, regardless of any unfavourable currency market movements. For example, if the currency markets moved 3% in the wrong direction on a £500,000, purchase costs would go up by an additional £15,000. A Currency Expert will help you decide on the best currency solution for your luxury purchase, that will save you time and money.
Working out what is the best way to make an international money transfer can be daunting – industry jargon, keeping up-to-date with what’s impacting or likely to influence currency markets, and not forgetting regulations and country laws.
Our Currency Experts would be pleased to help you with any questions. To speak to a Currency Expert – contact us.
