Moneycorp Global Money Services

Exchange rate fluctuations

At the end of 2008 and the beginning of 2009, global exchange rates went through their most volatile period ever. On one memorable (and rather unsettling) occasion for example, the pound fell 3.5% against the euro. Fluctuations like this can have a huge impact on the Dollar value of a euro-based property.

***USD vs EUR currency fluctuation example

A French property worth €250,000 would have cost $322,450 on 21 April 2009, but by 13 May 2009, it would have cost $342,600. That’s a loss of $20,150 in just two weeks only due to the exchange rate movements.

***GBP vs EUR currency fluctuation example

For example, a French property worth €250,000 would have cost £236,295 on 1 April 2009, but by 15 April, it would have cost £224,215. That’s a saving of £12,080 in just two weeks.

Getting more for your money

If you leave payments until the last minute, you will have to accept the rate that the markets offer at the time of transfer.

From currency markets to contract options, Moneycorp’s experts will ensure you get to grips with foreign exchange. They will provide a personal, tailored service, guiding you through the transfer process and helping you plan your trades.

Making transfers with Moneycorp is faster, more convenient and more cost-effective than using your bank. Whether you’re making regular transfers, or need to make a one-off payment, they don’t charge commission and guarantee no receiving bank charges. They also offer free information and guidance on the currency markets, helping you decide on the best time to buy.

Flexible service to suit your needs

As an example of how Moneycorp can help, they offer a ‘forward contract’, which allows you to fix an exchange rate at which you buy/sell currency for delivery at a later date (up to two years ahead). Forward contracts protect against adverse currency movements and can be used to lock into favourable exchange rates.

To ensure you take advantage of positive exchange rate movements – and avoid negative ones – your Account Manager will also be proactive, and call or email you if there is a move in the currency market.

There are also a whole range of other contracts which may suit your needs – your Account Manager will help you to understand which suits your needs best.

Using Moneycorp – The main benefits:

•Expert guidance from your own dedicated Account Manager.
•Highly competitive exchange rates.
•Free use of their secure credit and debit card payment gateway to pay your reservation deposit.
•Ability to fix exchange rates for a set time period, protecting from adverse currency movements.
•No commission or receiving bank charges.
•No cost and no obligation in opening a Trading Facility.
•Extended opening hours: 7:30 a.m. – 10:30 p.m. Monday to Friday, 10 a.m. – 4 p.m. Saturday (GMT).

The Moneycorp MasterCard Prepaid Card

The Moneycorp MasterCard Prepaid card can be loaded with euros or US dollars, by the main cardholder using a debit or credit card.

There is no line of credit with the card so you can only spend what you have loaded - helping you to stay in control of your money.

You can use your Moneycorp Prepaid Card to make purchases wherever the MasterCard Acceptance Mark is displayed– that’s over 26 million locations including 1.2 million ATMs worldwide.

It’s easy to manage your money with the Moneycorp Prepaid Card and eccount.

About Moneycorp

Moneycorp is a trading name of TTT Moneycorp Limited. The company was established in 1962 and has been dealing in foreign exchange since 1979. Since that time, Moneycorp has been providing clients with an exceptional level of service – as well as value for money. Last year alone they traded more than £11 billion in currencies.

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Currency Update with Moneycorp

If you’re buying a holiday home or investment property overseas, when you trade your currency is crucial. The euro exchange rate is constantly fluctuating, so trading at the right time will mean your money goes a lot further. Adrian Leeds Group LLC and Moneycorp are working together to ensure you make the most of your Dollar or Sterling when buying a property in France.

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In the event Jordan is out of the office,
please ask to speak to any member of the French team, quoting Adrian Leeds as your introduction source.