Buckinghamshire, United Kingdom (26th Sept, 2011) – Currencies.co.uk, a leading foreign currency exchange provider, has recently appeared in The Telegraph as offering the best foreign currency exchange rates in an article on overseas property purchases.
The article focuses on an independent analysis of the European property market, which discovered the average foreign property buyer wanting to spend £125,000 on a home overseas could expect to receive €131, 547 from a high street bank. Yet, the analysis also revealed that Currencies.co.uk offer a higher foreign currency exchange rate of €139,650, a significant improvement.
According to The Telegraph, just 10% of foreign currency transactions are made with a foreign currency provider. When looking at the difference in rates offered by a high street bank such as HSBC, which offered just €131,062.50 for £125,000, and the rate offered by Currencies.co.uk, it is evident that many people may be missing out on a significant saving. Currencies.co.uk say they have seen a 32% rise in property purchases made in Europe within the past three months, compared to the same period in 2010.
“We pride ourselves on achieving the best rates of exchange for our clients every day, and so it is immensely satisfying to see that highlighted yet again by a source such as The Telegraph,” commented Stephen Hughes, Director of Currencies.co.uk. “We will not rest on our laurels, however, and will continue to ensure all our clients receive these top exchange rates. We feel highly honoured to have earned such recognition, and we aim to maintain this.”
For more information on Currencies.co.uk and their foreign currency exchange rates, visit their website at www.currencies.co.uk or call 0800 328 5884.
Currencies.co.uk is the new trading name Foreign Currency Direct. Currencies.co.uk is a leading foreign exchange providers and the first choice for thousands of businesses and individuals to save money when transferring funds. The well-established, award-winning company provides a friendly, efficient service to people moving money for everything from purchasing overseas properties to emigration and investment abroad. In the past ten years Currencies.co.uk has helped over 30,000 Britons to buy and sell property overseas.
Foreign Currency Direct PLC
Freephone: 0800 328 5884
International: 0044 1494 725353