What is the best way to exchange large amounts of currency?

Three best ways to exchange large amounts of currency... ·...with a spot contract ·...with a currency forward contract ·...with a market order ... News Politics World Sport Technology Business Money Opinion Obituaries Travel Culture Lifestyle Women Family HealthandFitness Fashion Luxury Cars FreeMobileApp UKVoucherCodes USCoupons Jobs FinancialSolutions Rewards Events Dating Offers Shop GardenShop Bookshop Tickets Puzzles FantasyFootball FantasyRugby WorkatTheTelegraph TelegraphCorporate Telegraph FinancialSolutions CurrencyExchange InternationalMoneyTransfers Ifyouaremakingalargepurchaseoverseas,itpaystomakesureyouchoosethebestwaytoexchangelargeamountsofcurrency Whensendingmoneyabroad,oneofthekeyprioritiesistomakethemostofyourfunds.Andifyouneedtoexchangealargeamountofcurrency,thereareanumberofwaysinwhichacurrencyspecialistcanhelpyoutogetthebestrateonaninternationalmoneytransfer. Factorssuchasthecurrentexchangerate,feesandthewayyoumanageatransfercanalldetermineitsvalue.Theadvantageofusingspecialistforeignexchangeservices isthatanexpertmemberoftheirteamcanexplainyouroptions,talkyouthroughtheprocessonthephoneorofferassistancewithonlinetransfersviaadedicatedsecureonlineplatformormobileapp.  Isitbettertoexchangemoneyatabankorcurrencyexchange? Timingcanalsoplayanimportantroleindeterminingthefinalvalueofatransfer.Aspecialistcanprovideexpertguidanceonthetimingofatransfer,includingemailandSMSalertsifyouwisheithertokeepupwithmovementsinthemarketortrackatargetrate.  Assuch,aspecialistcompanyisoftenbetterplacedtogetthebestexchangeratethanahigh-streetbankthatoffersawiderangeofservices,andwhenitcomestofees,high-streetbanksmaychargeupto£30foreachtransfer. Incontrast,TelegraphInternationalMoneyTransfersistransferfee-free.*SinceTelegraphMediaGroupandmoneycorpteamedupin2009toofferTelegraphreadersthisspecialistservice,morethan10,000ofthemhavebenefitedfromitsgreatrates,notransferfeesandexpert,friendlyservice. Butwhicheverrouteyoutake,it’simportanttorememberthatcurrencymarketsdofluctuate.  Openanaccountnow|TelegraphInternationalMoneyTransfers Whataretherisksoftransferringlargesumsofmoneyabroad? Trustingacompanywithyourmoneycanbeadauntingprospect,butmoneycorpunderstandshowimportantitistorepaythefaithofitscustomers.Overmorethan40years,ithasdevelopedareputationasareliableandtrustedforeignexchangespecialist,whichiswhyithasconsistentlywontheplatinumserviceawardfromreviewplatformFeefo. AsanAuthorisedPaymentInstitution,itisrequiredtosafeguardrelevantcustomerfundsheldovernight(orlonger)intosegregatedclientaccounts,providedsuchfundsareheldinrespectofapaymentservice,sonooneelsehasaccesstoyourfunds.Italsoutilisesthelatestintechnologicalinnovationsandregularlyupdatessecuritytrainingforemployeestoensureyourmoneyisbeinglookedafter. Securityisoneofthemostimportantaspectstoconsiderwhenchoosingapaymentscompany,andsoifyouhaveanyquestionsaboutMoneycorp’sbusinesspractices,pleasecall02075893000andoneofitsrepresentativeswillbehappytoaddressanyconcerns. Whatisthelimitforcurrencyexchange? ThereisnolimitwithTelegraphInternationalMoneyTransferscurrencyexchangedealsmadeoverthetelephone.Themaximumyouareabletosendonlineis£100,000ortheequivalentinthecurrencyofyourtransaction.Theminimumamountyoucantransferonlineis£50ortheequivalentofthecurrencyyouareconverting. Threebestwaystoexchangelargeamountsofcurrency...  ...withaspotcontract Thisisbuyingorsellingacurrencyforimmediatedelivery,forexampleifyouwanttomakeatransferatonceoryoualreadyknowthatyouonlyhaveasingletransfertomake.Theyareideal,whetheryouarepurchasingpropertyabroad,receivingmoneyfromalovedoneorpayingforaweddingoverseas. ...withacurrencyforwardcontract Ifyouaretransferringasignificantamount,orsendingmoneyfrequently,aforeignexchangespecialistcansetupacurrencyforwardcontracttoprotectagainstsubsequentratemovementsandsecureaprevailingexchangerateforuptotwoyears.(Notesuchcontractsmayrequireadeposit.) ...withamarketorderorstop-lossorder Iftimingisnotanissue,youcouldsetupa‘marketorder’inanticipationofamorefavourablerateinthefuture.Ifthatrateisreached,thetransferautomaticallytakesplace.Similarly,a‘stop-lossorder’meansyoucansetaminimumlevelatwhichyoubuyorsellyourcurrency.Yourorderwillbefulfilledautomaticallyifthisrateisreached. OpenanaccounttodaywithTelegraphMediaGroupInternationalMoneyTransferstoenjoycompetitiveexchangerates,plusnotransferfees. Readmore: HowtosendmoneytoFrance ThebestwaytotransfermoneyfromtheUKtotheUSA HowtotransfereurostoaUKbankaccount? TTTMoneycorpLimitedisauthorisedbytheFinancialConductAuthorityunderPaymentServiceRegulations2017(referencenumber308919)fortheprovisionofpaymentservice.TheabovearticlewascreatedforTelegraphFinancialSolutions,amemberofTheTelegraphMediaGroup.FormoreinformationonTelegraphFinancialSolutionsclickhere *Excludesregularpaymentplans Informationcorrectatdateofpublication. Facebookicon FollowonFacebook Twittericon FollowonTwitter Instagramicon FollowonInstagram LinkedInicon FollowonLinkedIn Sendmoneywithexpertguidance Createanaccountnowandtradeinmorethan120+currencies. ==$0 Createafreeaccountnow LEARNMOREABOUTINTERNATIONALMONEYTRANSFERS Sponsored Howtofindthebestcurrencyexchangerates Sponsored Howtomakeaninternationalmoneytransferonline? 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Sponsored HowtosendmoneytoCanadafromtheUK Sponsored HowtotransfermoneytoSpainfromtheUK Facebookicon FollowonFacebook Twittericon FollowonTwitter Instagramicon FollowonInstagram LinkedInicon FollowonLinkedIn MoreonInternationalMoneyTransfers Sponsored HowtosendmoneytotheUSAfromtheUK Sponsored HowtotransfermoneytoSpainfromtheUK Sponsored NeedtotransfereurostoaUKbankaccount? Sponsored HowtosendmoneytoFrance Sponsored HowtosendmoneytoCanadafromtheUK Sponsored Howtofindthebestcurrencyexchangerates We'venoticedyou'readblocking. Werelyonadvertisingtohelpfundouraward-winningjournalism. WeurgeyoutoturnoffyouradblockerforTheTelegraphwebsitesothatyoucancontinuetoaccessourqualitycontentinthefuture. Thankyouforyoursupport. Needhelp? Visitouradblockinginstructions page. Close