Relocating abroad?
If you're thinking of emigrating abroad, it's never too early to discuss the movements of your assets with a foreign currency specialist.
Your personal account manager is on-hand to help you plan your move and ensure emigrating abroad gets off to the best possible start for you and your family.
If you are planning on emigrating abroad, or migrating to the UK, No1 Currency can protect your money from fluctuating exchange rates and guarantee you a great deal with:
Exchange rates move thousands of times a day, and if the market moves against you, it can decrease the value of your assets.
To illustrate the impact of currency fluctuation we have provided the following example of a currency transaction for a client emigrating abroad and transferring funds. The example was taken during the period between 17th of August and the 20th of September 2007, for the exchange of GBP (£) into New Zealand dollars ($).
| Transaction cost at date of booking flights | Transaction cost one month later | |
|---|---|---|
| Transfer amount in GBP (£) | £150,000 | £150,000 |
| New Zealand dollar ($) rate | $2.560 | $2.325 |
| Transaction Charge | £0 | £0 |
| Total after exchange in NZD($) | $384,000 | $348,750 |
By not seeking advice and planning the transfer of your assets, you could have lost $35,250
No1 Currency is a foreign currency specialist. We offer a range of services to help protect you from currency fluctuation and get your new life off to the best possible start when emigrating abroad. The following case studies help explain the whole process in detail and illustrate the benefits gained from using a foreign currency specialist:
Registering with No1 Currency is the next step. This is a simple and quick process and allows us to start to understand how we can help!
To speak to one of our currency specialists select your preferred route below:
As soon as we started planning the move last March, I began to consider the implications. The best financial advice I can offer anyone is to look at the market and remember that you do have an alternative to the high street banks.
Overall, No1 Currency saved me a significant amount of money - especially in comparison with the high street banks - in terms of charges and foreign exchange rates.
Steve Smyth