TorFX have been helping individuals and businesses save time and money on their international currency transfers since 2004.
They offer their customers excellent exchange rates, no transfer fees, personal account management and access to specialist services whether they move their money online, over the phone or by app.
TorFX are part of a group which processes £7.5bn in international payments a year, has 20+ offices in four continents and employs more than 500 currency experts.
They’re authorised by the FCA, hold the highest credit rating with Dun & Bradstreet and have an ‘Excellent’ 5 star Trustscore on Trustpilot.
TorFX have also won the Moneyfacts Consumer International Money Transfer Provider of the Year award five years running (2016 – 2020) and have been awarded the accolade for Best Customer Service four times.
How it works
Get a quick quote – Tell TorFX what currency you need and how much you need to transfer and they’ll give you a bespoke quote.
Create an account – Register in minutes online or over the phone. Talk through your options with your personal account manager or log in to start making transfers straight away.
Make your transfer – Send TorFX your funds and tell them where to send them, they’ll do the rest!
* This article has been written by a third party not owned or controlled by Spanish Property Insight (SPI). SPI disclaims any responsibility or liability related to your access to or use of any third party content.
EDITOR’S NOTE: The Pound has been yoyoing against the Euro in recent months. Foreign currency exchange specialist Luke Trevail looks at the factors driving exchange rates, and what the future might hold.
The currency markets, much like this time of the year, can be exciting, enticing, but always full of surprises. The mystery of the presents under the tree is as attractive as the uncertainty of the markets can be frustrating, and as we hurtle towards the year end, volatility on the Pound-Euro remains as busy as the high street on a Saturday.
A quick look at the last two months defines the uncertain nature of the market; October showed how weak the pound can get whereas through November, it was the euros turn to bring the rate the other way. In the space of 8 weeks we were trading at €1.32 to €1.42. An incredible range that continues to confuse market analysts, and should act as a warning to anyone looking to buy euros in the coming weeks.
Looking at the growth forecasts for 2017, things in the UK do look fairly good as opposed to the European outlook. The danger of ‘another Greece’ is something that the ECB are acutely aware of, and I’d imagine this is what will flood the news and markets next summer. Italy and Portugal are headaches in the making for Angela Merkel and the rest northern Europe. The increase in refugees hitting the shores of Europe will likely have a negative economic impact as the cost of helping the mass influx of these people will hurt the already empty pockets of Greece.
It seems like buying up at €1.38+ would be the optimum result for those of you chasing a higher rate, but with the Bank of England stating the interest rates it he UK will remain at 0.5% until perhaps as late as the beginning of 2017, it’s clear that Sterling still has a long way to go and the downside risk is still very real.
Here’s to a relaxed Christmas and prosperous 2016. Remember the markets have no conscience, so if you see a price you like I’d always say to act now as the rug can and often does get pulled unceremoniously from under the feet of the pound.
This article is written by a foreign-currency broker working for TorFX, a forex broker established in 2004 to provide foreign exchange and international payments to both individuals and companies. TorFX is authorised by the Financial Conduct Authority under the Payment Service Regulations 2009 for the provision of payment services. Their FCA number is 517320. To verify their authorisation, you can visit the Financial Services Register and search the register using their FCA number.
* This article has been written by a third party not owned or controlled by Spanish Property Insight (SPI). SPI disclaims any responsibility or liability related to your access to or use of any third party content.
HolaBank for all your banking needs as an expat or second home owner in Spain.
HolaBank is part of CaixaBank, one of the leading banking groups in Spain.
HolaBank is specifically organised to take care of the banking needs of expats and second-home owners from abroad, offering a service that understands your language and banking needs.
And, with the HolaBank Living Solutions account, you get access to a host of valuable services such as legal advice, translations services, and home emergency services that make life easier and give you peace of mind.
You will not find another bank in Spain that takes so much care to understand your banking needs as an expat or holiday-home owner in Spain.
* This article has been written by a third party not owned or controlled by Spanish Property Insight (SPI). SPI disclaims any responsibility or liability related to your access to or use of any third party content.
The information above constitutes an advertisement of a company or professional and the services they provide. The information is published and managed by the advertiser alone. Spanish Property Insight (SPI) and the owners of this website make no warranty as to the accuracy or completeness of the advertisement and its content, or any linked or associated information. SPI does not own, manage, or control any of the advertisers, and adverts should not be interpreted as endorsements. Please contact advertisers directly to obtain further information about their services.
TorFX have been helping individuals and businesses save time and money on their international currency transfers since 2004.
They offer their customers excellent exchange rates, no transfer fees, personal account management and access to specialist services whether they move their money online, over the phone or by app.
TorFX are part of a group which processes £7.5bn in international payments a year, has 20+ offices in four continents and employs more than 500 currency experts.
They’re authorised by the FCA, hold the highest credit rating with Dun & Bradstreet and have an ‘Excellent’ 5 star Trustscore on Trustpilot.
TorFX have also won the Moneyfacts Consumer International Money Transfer Provider of the Year award five years running (2016 – 2020) and have been awarded the accolade for Best Customer Service four times.
How it works
Get a quick quote – Tell TorFX what currency you need and how much you need to transfer and they’ll give you a bespoke quote.
Create an account – Register in minutes online or over the phone. Talk through your options with your personal account manager or log in to start making transfers straight away.
Make your transfer – Send TorFX your funds and tell them where to send them, they’ll do the rest!
* This article has been written by a third party not owned or controlled by Spanish Property Insight (SPI). SPI disclaims any responsibility or liability related to your access to or use of any third party content.
The information above constitutes an advertisement of a company or professional and the services they provide. The information is published and managed by the advertiser alone. Spanish Property Insight (SPI) and the owners of this website make no warranty as to the accuracy or completeness of the advertisement and its content, or any linked or associated information. SPI does not own, manage, or control any of the advertisers, and adverts should not be interpreted as endorsements. Please contact advertisers directly to obtain further information about their services.
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