Foreign Currency Exchange in Spain

Leaving your currency exchange needs until the last minute could cost you as much as your flight, with airport Bureaux de Change companies often giving rates several percentage points less than high street banks. However, taking the time to investigate the state of the forex market and opening an account with a dedicated foreign currency exchange broker such as Currencies Direct will almost certainly provide the best possible rate available.

Rate Watch is a tool used by thousands of people who are not prepared to be held to ransom by the markets, they know exactly what rate they would prefer to pay, and by advising Currencies Direct they know they won't have to settle for the lowest rate if their chosen rate eventuates before they need to make a transfer.

Watching the market is normally only done by professional forex speculators and investors, yet by making their rate watch systems available to individual and business clients alike, Currencies Direct have effectively erased the need for technical knowledge of foreign exchange.

For large transfers, you can set your preferred rate of exchange as much as 18 months before time, and if the market reaches your rate Currencies Direct will either call you to initiate the exchange, or make the transfer automatically if you've authorised the transaction.

These types of forward transactions may not be suitable for people needing to make regular monthly foreign exchange payments, but they are very suitable for people buying or selling property.

Buying a property off plan, where there is usually a long lead time between progress payments, is the perfect scenario for needing the rate watch service offered by Currencies Direct, since you know exactly how many Euros you'll need, and you're able to request a rate that minimises your home currency expenditure.