Paying toomuch for currency
Around 85% of individuals and businesses could be losing millions
of pounds by using a high street bank to transfer funds
David johnson,
Senior Analyst at currency
specialist Halo Financial, has monitored
trends in the currency exchange markets for
over two decades and has concluded that
far too many people leave making currency
transfers to chance. “Most people trust
their bank to offer them the best exchange
rate and are unaware that they can achieve
significant savings by using a specialist
currency broker like Halo Financial. High-
street banks regularly charge up to 5% over
the published interbank rate, while Halo
will charge around 1% and often less. On
a £200,000 transfer this could equate to a
saving of £8,000. In addition, a high-street
bank would only be able to transact there
and then. Halo’s analysts monitor the market
for signs of currency movement, allowing
clients to take advantage of more desirable
rates when they occur. Plus, Halo Financial
can set a fixed rate for up to two years in the
future, enabling clients to save thousands
more on currency transfers.”
With a large number of currency brokers
active in the market, how do you know
which one to choose? “Always make sure
that a broker is authorised by the FSA and
has a significant track record. If you want a
personal service, choose a company that is
large enough to cope and small enough to
believe in customer service. It’s difficult to
get the VIP treatment if you are simply an
account number processed by a call centre.”
Director of Regatta Designer Clothes
Linda Lovegrove says, “I was recommended
to use Halo Financial in 2004 and discovered
that they were able to save me significant
sums on each transaction and help manage
my future currency requirements. It’s
reassuring to have a personal consultant
who understands my business. I would
thoroughly recommend Halo to any
business or individual.”
For a free, no-obligation consultation, call:
+44 20 7350 5474 (Private Client Services)
+44 20 7350 5470 (Corporate Client Services)
Or visit
KEY FACTS
currency audit
for businesses.
FREE
99%
of Halo customers
would recommend
the company to a
friend/colleague.
P R O M O T I O N
