The current economic peril that has flooded the UK’s financial markets has come as a some what startling surprise, catching the entire world off guard. According to expert financial services and migration company 1st Contact, the unpredictability of the UK economy and world financial markets at large has created an era of volatility and increased risk. In view of this, 1st Contact strongly advises travellers, young professionals and consumers to take their financial affairs into their own hands, so as to be smart, nimble and quick in responding to market fluctuations in order to safe guard themselves from incurring unnecessary additional financial strain during this trying time.
1st Contact Forex offers the following advisory tips to make the most out of an uncertain UK economy, when transferring your hard earned cash to international destinations:
* Track Exchange Rate Fluctuations Regularly: Continuously monitor market fluctuations, enabling you to become agile in responding intelligently to favorable market conditions, when transferring funds to international destinations. Subscribe to 1st Contact’s online exchange rate notifier and currency review to receive the latest news on market movements and regular alerts of exchange rate fluctuations, so as to make the most out of an uncertain economy.
* Act Now: In a market where rapid exchange rate fluctuations are a reality, rather look at the facts as they currently stand and act confidently when favorable opportunities arise. Delaying transferring money to international destinations by convincing yourself that there will be a better upturn may result in disappointments further down the line. The bottom line is that economic uncertainty is certain. There are no time based guarantees to predict the next economic upturn.
“Shop Around: You will only get the best exchange rates if you are willing to shop around, canvass and assess a variety of different options.”
“This leads to disappointment when less money than what was originally anticipated clears into these individuals’ bank accounts
* Always Ask for Upfront and Transparent Exchange Rates: When you shop around, it is essential to ensure that companies are presenting you with the actual exchange rates that they have secured for you. Time and time again, traditional Forex companies have been known to present consumers with one rate whilst securing a different rate. This leads to disappointment when less money than what was originally anticipated clears into these individuals’ bank accounts. 1st Contact Forex has developed a unique platform enabling the most transparent and upfront method of transferring money to international destinations through the use of a debit card. This unique functionality is as transparent and upfront as it gets, by truly ensuring that the rate you see is the rate you get.
* Find Out About Receiving Fees: Always be sure to ask whether you will be charged receiving fees, as most banks and traditional Forex companies have been known to charge hefty fees. 1st Contact are one of the few Forex providers who will openly reveal all hidden costs, ensuring that the rate you see is the rate you get.