Don’t get caught out losing money on your Regular Overseas Payments!
Hawk FX specialist international money transfer solutions help our clients with the three areas where many lose money when making regular overseas payments in and out of another country and currency.
Continually Fluctuating Exchange Rates
As you have probably noticed when buying travel money for your overseas holidays, currency markets are continuously moving up and down. The effect of currency market volatility on your regular transfers for costs such as local taxes, maintenance and mortgage payments etc. can be dramatic. For example, if you were making regular transfers of €7,000 a month when the exchange rate is €1.35, the cost to you would be £5,185 a month. If the exchange rate dropped to €1.15, your monthly transfer costs would rise to £6,086 a month, a loss of £901 in just a single month! Hawk FX allows you to lock in the €1.35 exchange rate two years or more, helping you avoid losing money and give you peace of mind that the regular payments will go through as planned.
Short-term fixes can be expensive
Seeking the best exchange rate on the day in the same way you would search for an exchange rate for your holiday money can work out to be very expensive. As ultimately, the exchange rate you will achieve is whatever the market rate is at that time. Moreover, many mistakenly, use their high street banks for their regular transfers, similarly paying the exchange rate on the day.
Hawk FX offers exceptionally competitive exchange rates for those who prefer to take the rate on the day and provide solutions that allow you to lock in an exchange rate for up to 2 years.
On time, every time
Our industry-leading technology means your international money transfers are fully automated, ensuring your money arrives on time, every time. Additionally, your dedicated currency expert will help you set up and monitor your regular money transfer schedule, so you do not have to deal with the bureaucracy often associated with international money transfers.