Currency Exchange Services

If you’re buying a holiday home or investment property overseas, or just need to transfer from one currency to another to repay your mortgage or cover your living expenses, the cost of making that trade can be greatly reduced by working with currency specialists instead of relying on your bank to make the transfer.

Exchange rate fluctuations

In addition, the euro exchange rate is constantly fluctuating, so trading at the right moment will mean your money goes a lot further. Adrian Leeds Group, LLC is working together with several currency exchange specialists to ensure you make the most of your American, Canadian or Australian Dollar or British Sterling when buying a property in France (or any other currency for that matter!).

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/EUR currency fluctuation example:

On the 1st of July 2012, a €250,000 property would have cost you $316,455, whereas the same property would have set you back $328,947 on the 1st of January 2013. By fixing the rate on the 1st of July with a forward contract, you would have saved $12,492 on the purchase price.

GBP/EUR currency fluctuation example:

On the 1st of December 2012, a €250,000 property would have cost you £203,252, but on the 1st of March 2013, you would have had to pay £215,517, thus having to pay an additional £12,265.

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. Making transfers with companies specializing in currency exchange 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 currency exchange specialists 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.

The Adrian Leeds Group, LLC works with three currency exchange specialists: Moneycorp, World First and USForex.
SPECIAL NOTE: America is making it difficult to move money from one currency to another for foreign or 'off shore' traders. 'Thanks to' strict U.S. regulations, currency exchange specialists that are based outside the U.S. are forced to acquire licenses on a state-by-state basis in order to service U.S. clients. We have listed the states serviced by each of our currency specialists.


Money Corp Currency ExchangeMoneycorp is a foreign exchange and international currency specialist based in London, with an office in Nice, France.. We have chosen to work with them as they provide excellent exchange rates and will support you during your property purchase in France to help secure the best rate possible within your given timeframe. Every client is assigned a personal contact who you can speak to whenever you want to get all the information you need on the exchange rate relevant to you, giving you more control over your finances.

Using Moneycorp – The main benefits:

• Expert guidance from your own dedicated Account Manager.
• Highly competitive exchange rates.
Ability to fix exchange rates for a set time period, protecting you from adverse currency movements.
• No commission or receiving bank charges.
• No cost and no obligation in opening a Trading Facility.
• Safeguarded customer funds.
• Opening hours: 7:30 a.m. – 9:00 p.m. Monday to Friday, 9:00 a.m. – 1:00 p.m. Saturday (GMT).

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 £10 billion in currencies through over 6.4 million customer transactions.

Recent regulations introduced by FinCEN (Financial Crimes Enforcement Network in the US) have made it compulsory for foreign brokers to apply for a license per US State. Moneycorp can currently help any client resident in the following list of states:

Alabama

Massachusetts

Oregon

California

Montana

Pennsylvania

Colorado

Nevada

South Carolina

Connecticut

New Jersey

Texas

District of Columbia

New Mexico

Virginia

Florida

New York

Washington

Indiana

North Dakota

Wisconsin

Kansas

Oklahoma

 

In addition to this, they are now accepting funds from a U.S. resident’s non-U.S. located account (such as your French bank account) and return counter currency to the same U.S. resident’s U.S. based account. To be clear, in this scenario funds must not originate either from a third party or from the client’s U.S. based account and funds must only be paid to the client’s U.S. based account.

To inquire with Moneycorp

Contact: Carole Jaskarzec
Tel: +44 207 589 3000
Fax: +44 207 235 4250

Open Account MoneyCorp

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


 WF LogoWe have also formed a second partnership with the currency specialist World First.

A recent change to US regulations has meant that currency companies have to acquire state-by-state licenses in order to service US residents. World First have an office in New York and are working hard to expand their US permissions to make the process of sending your US Dollars to France as painless as possible.:

World First can currently make currency transfers to and from those resident in the following states:

California · District of Columbia · Florida · Georgia · Indiana · Maryland · Montana · New Mexico · Ohio · New Jersey · New York · North Carolina · Rhode Island · South Carolina · Texas · Virginia · Washington · Wisconsin

World First can also make currency transfers between a client's own accounts (or to and from a Notaire's escrow account) for another two dozen states. This list of states is subject to change.

Contact: Rupert Hart
Tel: +44 207 801 2363


usforexlogo2Whether buying a vacation home abroad, moving overseas or running a business, USForex has your international money transfers covered. Services include basic money transfer, limit orders, recurring transfers and forward contracts.

Why USForex?

• Extremely competitive foreign exchange rates(savings of up to 5%)
• Online access 24/7
• Access to a dedicated Dealer by phone 24-hours a day, 5 days a week
• Offices in San Francisco, Sydney , Canada, UK, New Zealand and Hong Kong
• Multi-currency local accounts for receiving international payments
• No receiving bank fees in majority of countries
• Risk management tools through Limit Orders and Forward Exchange Contracts for up to a year
• Complete pricing transparency

USForex also has the ability to offer extremely competitive ACH Direct Debit payments – Ideal for sending a monthly mortgage payment or property rental from the U.S.!

USForex can currently make currency transfers to and from those residents in the following states:

Alabama • Alaska • Arizona • Arkansas California • Colorado • Connecticut • Delaware • District of Columbia Florida • Georgia • Idaho • Illinois • Indiana Iowa • Kansas Kentucky  Maine • Maryland • Massachusetts • Michigan • Minnesota • Missouri • Montana • Nebraska • New Jersey • New Mexico • New York • North Carolina • North Dakota Oklahoma  Oregon • Pennsylvania  Rhode Island South Carolina • South Dakota Tennessee • Texas • Utah • Vermont • Virginia • Washington • West Virginia  WisconsinWyoming

Contact: Shaun Dash
Tel: +44 207 614 4100

State by State Chart for All Three:

 

Moneycorp

World First

USForex

Alabama

 X  

X

Alaska

   

X

Arizona

   

X

Arkansas

    X

California

X

 X

X

Colorado

X

 

X

Connecticut

X

 

X

Delaware

   

X

District of Columbia

X

X X

Florida

X

X

X

Georgia

X

X

X

Hawaii

     

Idaho

   

X

Illinois

   

X

Indiana

X

X

X

Iowa

   

X

Kansas

 X   X

Kentucky

           X

Louisiana

X

   

Maine

   

X

Maryland

X

X

X

Massachusetts

X

 

X

Michigan

X

 

X

Minnesota

   

X

Mississippi

    X

Missouri

   

X

Montana

 X

X

X

Nebraska

   

X

Nevada

 X    

New Hampshire

     

New Jersey

X

X

X

New Mexico

X

X

X

New York

X

X

X

North Carolina

X

X

X

North Dakota

 X   X

Ohio

     

Oklahoma

 X   X

Oregon

X

 

X

Pennsylvania

           X

Rhode Island

X

X

X

South Carolina

X

X

X

South Dakota

 X   X

Tennessee

X

 

X

Texas

 X

X

X

Utah

   

X

Vermont

    X

Virginia

 X X

X

Washington

 X X

X

West Virginia

           X

Wisconsin

X

X

X

Wyoming

    X