Global Money Services and Currency Exchange

 

If you’re buying a holiday home or investment property overseas, or just need to transfer from one currency to another to repay your mortgage or cover your living expenses, the cost of making that trade can be greatly reduced by working with currency specialists instead of relying on your bank to make the transfer.

Exchange rate fluctuations

In addition, the euro exchange rate is constantly fluctuating, so trading at the right moment will mean your money goes a lot further. Adrian Leeds Group, LLC is working together with several currency exchange specialists to ensure you make the most of your American, Canadian or Australian Dollar or British Sterling when buying a property in France (or any other currency for that matter!).

At the end of 2008 and the beginning of 2009, global exchange rates went through their most volatile period ever. On one memorable (and rather unsettling) occasion for example, the pound fell 3.5% against the euro. Fluctuations like this can have a huge impact on the dollar value of a euro-based property.

USD/EUR currency fluctuation example:

On the 1st of July 2012, a €250,000 property would have cost you $316,455, whereas the same property would have set you back $328,947 on the 1st of January 2013. By fixing the rate on the 1st of July with a forward contract, you would have saved $12,492 on the purchase price.

GBP/EUR currency fluctuation example:

On the 1st of December 2012, a €250,000 property would have cost you £203,252, but on the 1st of March 2013, you would have had to pay £215,517, thus having to pay an additional £12,265.

Getting more for your money

If you leave payments until the last minute, you will have to accept the rate that the markets offer at the time of transfer. Making transfers with companies specializing in currency exchange is faster, more convenient and more cost-effective than using your bank. Whether you’re making regular transfers, or need to make a one-off payment, they don’t charge commission and guarantee no receiving bank charges. They also offer free information and guidance on the currency markets, helping you decide on the best time to buy.

Flexible service to suit your needs

As an example of how currency exchange specialists can help, they offer a ‘forward contract’, which allows you to fix an exchange rate at which you buy/sell currency for delivery at a later date (up to two years ahead). Forward contracts protect against adverse currency movements and can be used to lock into favourable exchange rates.

The Adrian Leeds Group, LLC works with three currency exchange specialists: Moneycorp, World First and USForex.
SPECIAL NOTE: America is making it difficult to move money from one currency to another for foreign or 'off shore' traders. 'Thanks to' strict U.S. regulations, currency exchange specialists that are based outside the U.S. are forced to acquire licenses on a state-by-state basis in order to service U.S. clients. We have listed the states serviced by each of our currency specialists.


Money Corp Currency ExchangeMoneycorp is a foreign exchange and international currency specialist based in London. We have chosen to work with them as they provide excellent exchange rates and will support you during your property purchase in France to help secure the best rate possible within your given timeframe. They have a great regular transfer product which is ideal if you are transferring a pension, paying a mortgage or simply funding your general living costs in France.

Using Moneycorp – The main benefits:

• Expert guidance from your own dedicated Account Manager.
• Highly competitive exchange rates.
• Free use of their secure credit and debit card payment gateway to pay your reservation deposit.
• Ability to fix exchange rates for a set time period, protecting from adverse currency movements.
• No commission or receiving bank charges.
• No cost and no obligation in opening a Trading Facility.
• Opening hours: 7:30 a.m. – 9:00 p.m. Monday to Friday, 9:00 a.m. – 1:00 p.m. Saturday (GMT).

The Moneycorp MasterCard Prepaid Card

The Moneycorp MasterCard Prepaid card can be loaded with euros or US dollars, by the main cardholder using a debit or credit card.

There is no line of credit with the card so you can only spend what you have loaded - helping you to stay in control of your money.

You can use your Moneycorp Prepaid Card to make purchases wherever the MasterCard Acceptance Mark is displayed– that’s over 26 million locations including 1.2 million ATMs worldwide.

It’s easy to manage your money with the Moneycorp Prepaid Card and eccount.

About Moneycorp

Moneycorp is a trading name of TTT Moneycorp Limited. The company was established in 1962 and has been dealing in foreign exchange since 1979. Since that time, Moneycorp has been providing clients with an exceptional level of service – as well as value for money. Last year alone they traded more than £11 billion in currencies.

At present, Moneycorp is able to make all trades from residents of the following states (incoming and outgoing): Florida · Indiana · New Mexico · Wisconsin · South Carolina · California · Colorado · Connecticut · Georgia · Louisiana · Maryland · Massachusetts · Michigan · New Jersey · New York · North Carolina · Oregon · Rhode Island · Tennessee · Washington DC

In addition to this, they are now accepting funds from a U.S. resident’s non-U.S. located account (such as your French bank account) and return counter currency to the same U.S. resident’s U.S. based account. To be clear, in this scenario funds must not originate either from a third party or from the client’s U.S. based account and funds must only be paid to the client’s U.S. based account.

Currency Update with Moneycorp

If you’re buying a holiday home or investment property overseas, when you trade your currency is crucial. The euro exchange rate is constantly fluctuating, so trading at the right time will mean your money goes a lot further. Adrian Leeds Group LLC and Moneycorp are working together to ensure you make the most of your Dollar or Sterling when buying a property in France.

Contact: Carole Jaskarzec

Phone: +44(0)20 7828 7000+44(0)20 7828 7000
Fax: +44(0)20 7589 1010

Open 7:30 .a.m. to 9 p.m. Monday through Friday and 9 a.m. to 1 p.m. Saturday GMT

In the event Carole is out of the office, please ask to speak to any member of the French team, quoting Adrian Leeds as your introduction source.


 

WF LogoWe have also formed a second partnership with the currency specialist World First.

A recent change to US regulations has meant that currency companies have to acquire state-by-state licenses in order to service US residents. World First have an office in New York and are working hard to expand their US permissions to make the process of sending your US Dollars to France as painless as possible.:

World First can currently make currency transfers to and from those resident in the following states:

California · District of Columbia · Florida · Georgia · Indiana · Maryland · Montana · New Mexico· New Jersey · New York · North Carolina · Rhode Island · South Carolina · Texas · Virginia · Washington · Wisconsin

World First can also make currency transfers between a client's own accounts (or to and from a Notaire's escrow account) for another two dozen states. This list of states is subject to change.

Contact: James Thorp International: +44 (0)20 7801 1074+44 (0)20 7801 1074,


usforexlogo2Whether buying a vacation home abroad, moving overseas or running a business, USForex has your international money transfers covered. Services include basic money transfer, limit orders, recurring transfers and forward contracts.

Why USForex?

• Extremely competitive foreign exchange rates(savings of up to 5%)
• Online access 24/7
• Access to a dedicated Dealer by phone 24-hours a day, 5 days a week
• Offices in San Francisco, Sydney , Canada, UK, New Zealand and Hong Kong
• Multi-currency local accounts for receiving international payments
• No receiving bank fees in majority of countries
• Risk management tools through Limit Orders and Forward Exchange Contracts for up to a year
• Complete pricing transparency

USForex also has the ability to offer extremely competitive ACH Direct Debit payments – Ideal for sending a monthly mortgage payment or property rental from the U.S.!

USForex can currently make currency transfers to and from those residents in the following states:

Alabama • Alaska • Arizona • California • Colorado • Connecticut • Delaware • Florida • Georgia • Idaho • Illinois • Iowa • Maine • Maryland • Massachusetts • Michigan • Minnesota • Missouri • Montana • Nebraska • New Jersey • New Mexico • New York • North Carolina • North Dakota Oklahoma  Oregon • South Carolina • Tennessee • Texas • Utah • Vermont • Virginia • Washington • WisconsinWyoming

Contact: Shaun Dash
UK Local Call: 0845 686 19500845 686 1950
International: +44 207 614 4100+44 207 614 4100

State by State Chart for All Three:

 

Moneycorp

World First

USForex

Alabama

   

X

Alaska

   

X

Arizona

   

X

Arkansas

     

California

X

 X

X

Colorado

X

 

X

Connecticut

X

 

X

Delaware

   

X

District of Columbia

X

X  

Florida

X

X

X

Georgia

X

X

X

Hawaii

     

Idaho

   

X

Illinois

   

X

Indiana

X

X

 

Iowa

   

X

Kansas

     

Kentucky

     

Louisiana

X

   

Maine

   

X

Maryland

X

X

X

Massachusetts

X

 

X

Michigan

X

 

X

Minnesota

   

X

Mississippi

     

Missouri

   

X

Montana

 

X

X

Nebraska

   

X

Nevada

     

New Hampshire

     

New Jersey

X

X

X

New Mexico

X

X

X

New York

X

X

X

North Carolina

X

X

X

North Dakota

    X

Ohio

     

Oklahoma

    X

Oregon

X

 

X

Pennsylvania

     

Rhode Island

X

X

 

South Carolina

X

X

X

South Dakota

     

Tennessee

X

 

X

Texas

 

X

X

Utah

   

X

Vermont

     

Virginia

  X

X

Washington

  X

X

West Virginia

     

Wisconsin

X

X

X

Wyoming

    X