Foreign Exchange
Whether for personal or business overseas payments, the CGA are able to give members access to preferential exchange rates. The CGA have a close relationship with a bespoke foreign exchange brokers, World First. As such we are able to put you in touch with a dedicated advisor who will be at hand to give you free market information when you need it and handle any of your foreign exchange requirements in a friendly, efficient and professional manner. Most importantly they will save you a considerable amount of money on your transactions.
When exchanging currency it is important to understand how the process works. The high street banks typically take a larger spread from the interbank rate, which relates directly to the clients receiving a worse exchange rate. Their payment process is usually slower, and the fees they charge are usually higher.
Our specialist broker is able to offer the following benefits to members:
- Preferential exchange rates
- Faster Payments, in many cases same day
- No commission charged - and lower fees (if any)
- Access to unique hedging strategies, allowing you to protect yourself against adverse rate movements.
- Your own friendly, efficient and dedicated advisor
- All bank receiving costs paid on your behalf Free Market rate and watch service
