Relocation services for British Columbia, Canada

Foreign Exchange

Canadian Dollar News - May 5, 2010
THINGS WILL BE DIFFERENT ON FRIDAY
UK general election looms over sterling. Lacklustre performance from the Loonie despite decent data.
A no-change week saw sterling range between $1.53 and $1.56, with four changes of direction. It began and ended the eight-day period at $1.5450.
The early part of the week could well be a period of relative calm for sterling. Investors have made their best guess about the outcome of the election and what it will mean and must now sit on their hands to see what transpires. That enforced relaxation could well come to an end when the polls close and the results of the first exit polls hit the newswires on Thursday night. If ever there was a time for FX market users to join the ranks of the 'don't knows' this is it..
Courtesy TTT Moneycorp

We used TTT Moneycorp for the transfer of the money from our house sale and have subsequently used them on several occasions. We found their service to be excellent and can recommend them.

If you want to find out more, you can get them to send you information using this link: TTT Moneycorp

The other foreign exchange bureau that we are able to recommend is HIFX who offer similar services to TTT Moneycorp.

Specialist Foreign Exchange Bureaux Services

These bureaux are set up to cater for currency exchange. They will have a specialist foreign exchange trading floor and should know the market.

You will have to set up an account with them. This is a simple process.

One of the reasons to consider using a specialist FX bureau is that they offer more sophisticated currency exchange facilities. For example you may be able to:

• Book a forward trade so as to lock in an exchange rate
  This usually requires you putting down a deposit and agreeing a date and exchange rate. You may be able to roll the date forward if you need to.
• Put in an order to buy when the exchange rate reaches a certain level
  If you have money ready to exchange, then this will allow you to trade when the rate reaches a level you want.
• A variant of the above is to buy when the rate rises or falls. This way if the rate improves enough you buy, but should it move the other way you can buy too.

When you contact these companies, check what services they offer. You should also check the same things as you would for the high street banks.

As we said earlier, the only service we can recommend from personal experience is TTT Moneycorp

HIFX, which has been recommended to us by several people, offers a similar service. They have a currency converter that you may find useful too (note that it opens in new window).