Take the risk out of currency fluctuations
Take the risk out of currency fluctuations
Global Currency Exchange Network have a simple way to remove the risk of all major currencies getting more expensive. You only need to place a deposit of 10% of the whole amount and that will fix the exchange rate today, leaving you free to deal with other matters until the day you need the total amount changed.
That’s it! No catches, no hidden deals.
Why would you want to buy your money now?
Currency values change every few seconds. Over a period of a week, or a month, the value of one currency to another can change dramatically. It’s possible that you could lose a great deal of money by waiting until you actually need the money in the other currency.
So, if the exchange rate looks good at the moment, and you have 10% of the total amount available, it could be the time to buy a FORWARD CURRENCY CONTRACT. This simply fixes the exchange rate today.
The table below shows how much a particular currency has weakened, or strengthened, in just the last month.
If we take one currency pair shown: EURO to GBP (Pounds). The euro has weakened by 3.38% over the last month. If you have €100,000 and you wanted to change to Pounds, you could have done of of two things a month ago.
- Wait until now to change the euros. In which case, you will have lost €3380
- Buy the Pounds with your euros. In which case you will have gained €3380 against today’s rate.
Who can afford to lose €3380?
Here’s who this could help the most:
- Property buyers overseas
- Businesses who have regular invoices to pay, or need to fix the value of their goods for a contract, or delivery
- People living overseas, who need regular amounts exchanged.
- Customers who feel that the exchange rate has peaked for now.
To have a chat about how we can help you to buy your money ahead of time, please contact your GCEN dealer here.
