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HIFX is the leading independent provider of foreign exchange services to private individuals and businesses around the globe. Every year they help over 25,000 private individuals buy and sell currency for a variety of reasons including emigration, overseas property acquisition and regular payments abroad (for pensions, mortgages, salary payments, school fees etc.).

You could potentially make huge savings by using a foreign currency specialist like HIFX who can not only help you secure the best exchange rate to transfer your funds and advise you on setting up bank accounts, but also offer you expert advice for each step of the emigration process.


Customer service and expert market knowledge

But saving you money with great exchange rates is just the start. HIFX prides itself on excellent customer service. From the start, their team of experienced and friendly foreign exchange professionals ensure that every aspect of your currency transaction is as simple as possible. Throughout the process, their currency experts will 'hold your hand' providing straight forward explanations to all of your questions. Once registered, you will be assigned your own personal dealer who will develop a precise understanding of your individual circumstances and then help you identify how best to achieve your objectives and protect yourself from adverse movements in the exchange rate. All registered clients receive daily or weekly exchange rate updates enabling you to make the most informed decision when you need to trade.

Finally, when the transaction is undertaken HIFX will give you better exchange rates than your bank; no fees, no commissions and no transfer costs, making your money go further.

BENEFITS OF USING HIFX

ZERO commission, ZERO transfer costs
Regular Payments Abroad service for pensions and mortgages
Protection against adverse currency market movements
Access to jargon-free expert analysis of developing trends and market sentiment
Faster payments, automated processing and enhanced security using SWIFT
Best rate of exchange


Why is understanding about currency volatility so important?

At HIFX, they understand that buying or selling large amounts of currency can often be very daunting. It is important to understand that if you are buying abroad, you are exposing yourself to currency risk. Currency movements can make a big difference to the final amount you end up paying for your property because of the time it takes to complete the purchase and subsequently, this could cost you thousands of dollars.

For example, if you had agreed to buy a property, priced in France 300,000.00 at the beginning of Oct 06 (when the EUR/US$ exchange rate was 1.2513) it would have cost you $375,390.00. Had you neglected to fix the exchange rate at the time, that same property would have cost $401,040.00 by Dec 06 (based on a rate of 1.3368), an increase of $25,650.00 or 6.4% in 2 months, which is the typical closing period between paying your deposit and balance.



'Spot' and 'Forward' currency contracts Remove the risk.

If you have all the money available to purchase your property abroad you may prefer to fix an exchange rate to secure your costs. You have a number of options. You can do a spot trade. This is where you buy all the currency now and your HIFX dealer will hold it on your behalf and transfer the funds abroad when you need them.

However, if you do not have all the funds available yet to buy currency on a Spot contract but you are worried that future exchange rates might increase your costs, you can still play it safe and buy a forward contract. To do this you only need to have access to 10% of the funds initially. It is simply a mechanism to buy now, pay later where you are no longer exposed to currency movements.

Making Regular Payments Abroad?

Once you have bought your property abroad, like many people, you may still need to buy and transfer money on a regular basis. Whether for mortgage payments, property running costs or living expenses, you can save time and money with HIFXs Regular Payments Abroad (RPA) service. You can fix an exchange rate for up to 2 years, establish a direct debit with your bank and send the currency abroad for no charge. Complete peace of mind.

To find out more about the currency services HIFX provides, simply contact Jody Cracknell direct on (415) 321 6384 or e-mail jody.cracknell@hifx.com or visit www.hifx.com

HIFX Highly Recommended Foreign Exchange





email: jody.cracknell@hifx.com