You have probably realized your personal dream of buying a property in Tenerife and this will probably represent one of the greatest investments of your life. The currency of the Canary Islands is the Euro. Once the terms of purchase have been agreed the price will be fixed in Euros, however, you will no doubt need to transfer a Sterling sum into Euros in order to pay for your property.
This is an important element of the purchase process; (one that is often overlooked), and can make a significant difference to the price in Sterling, that you will ultimately have to pay for your dream home. Exchange rates change constantly and it is therefore, important that you make your money go further.
For competitive exchange rates when transferring funds from the United Kingdom consider using the services of a specialist Commercial Foreign Exchange company.
Why use a specialist company rather than your own bank?
Banks are notorious for offering low rates on currency exchange and their transfer charges can be very high. Simply put, the Commercial Foreign Exchange Companies specialise in foreign currency exchange and will give you a better rate of exchange, which means that you will have more money to spend on your property.
There are many specialist companies operating in this field; one popular with our clientele is*Rationalfx (Commercial Foreign Exchange) who are fellow members of A.I.P.P. (Association of International Property Professionals). Typical comments from our existing clients are that they have 'received far more competitive exchange rates than were offered by their bank, a personal service, the procedure is simple to use and we recommend it to others'.
Whether you are a business or private customer you will be able to take advantage of a range of *Rationalfx services. Simply contact one of their account managers to discuss which service will best suit your needs. It is free to register with *Rationalfx (with no obligation) which is very simple and straightforward and they will 'tailor make' a package to suit your requirements.
For more information on currency exchange services please ask Tenerife Royale Estate Agents S.L. or contact *Rationalfx. Their contact details are as follows:
Rationalfx 39 Hatton Garden London EC1N 8EH England Telephone: (0044) 0845 130 6362 Fax: (0044) 0845 130 6366
Email: firstname.lastname@example.org Website. www.rationalfx.com Quote Reference: Tenerife Royale Estate Agents S.L.
- Rationalfx is a U. K. based commercial foreign exchange company, Commercial foreign exchange companies in the U.K. are classified as 'Money Service Businesses' and are covered by the regulations administered by HM Revenue & Customs (formerly HM Customs & Excise). Rationalfx is registered with HM Revenues & Customs as a Money Service Business. Rationalfx uses various reputed banks and brokers who are regulated by the F.S.A. to source the best exchanges rates on the market. The Financial Services Authority is the independent regulator set up by the U.K. government to look after the financial services industry and protect consumers.