These days, we all have a need to move money from one currency to another at some time. With business taking on an international nature, even if you just produce hand-made goods at home that you sell online, there’s nothing to stop you receiving orders from other countries or getting stock from another country that you have to pay for in another currency.
When people only had to move money internationally occasionally, they’d use a bank’s foreign exchange counter or set up an international money order, but these took time and had transfer fees attached which added to the cost. But for something that wasn’t needed more than a couple of times a year, it didn’t seem worth the effort of setting up an account with a currency broker.
Now, however, it’s so simple to set up an account online that everyone should have one – just for those odd occasions when you need to move money safely, quickly and easily. Just as with internet banking, the world of currency exchange has moved on incredibly. Using HiFX International Payments couldn’t be easier and it’s simple to set up a HiFX account. Once you have an account, you can get a currency quote at any time of day (or night) and if you’re happy with the rate that you’re offered, you just need to click to confirm an order.
On the other hand, if you want to wait for a better rate, you can use the HiFX market watch system to set an exchange rate target for a particular currency and then receive an email notification when that target has been reached. This means that you get to know the best time to move your money without having to sit and watch the exchange rates yourself.
Setting up a HiFX account doesn’t oblige you to use the service – ever – but it’s good to know that you have one set up and ready to go for those times you do need to move money across borders.