Make the most of your money

When it comes to currency exchange, last minute should be last resort

• Got Visas - check!
• Job start date - check!
• Flights booked - check!
• Removals booked - check!
• Accommodation sorted - check!
• Changed Sterling into Dollars - Er...

Alarmingly, this is very often the situation we encounter when we first get to speak to families migrating to Canada. Sadly, leaving their currency exchange until the last minute often means they have already lost money or at least missed the opportunity to save money due to exchange rate movements. It is also often the case that, because the migrant has left things to the last moment, they choose what is apparently the path of least resistance and get their bank to send and convert the funds for them; only to find it is an expensive option.

A little prior planning though makes the whole process just as simple but much more cost effective and it also means you, the owner of the funds, get far more control over the exchange rate you achieve. And that’s really important because we are not talking about peanuts here. Exchange rate movements can be very costly unless you have a bit of market insight and the right tools at your disposal.

Halo Financial is a specialist in this niche of the foreign exchange market; making life easier and less expensive for people migrating between countries right around the world by providing just the information and facilities you need at such a life changing time.

Typically, the Sterling – Canadian Dollar exchange rate rises and falls by 5.8% during any given month. The average amount we transfer for Canada bound migration is something like £150,000 so in just one month, nearly C$14,000 is available through nothing more than basic planning, simple risk protection and good timing. It would be an odd choice to shrug off that kind of saving without exploring the opportunity.

So whether your plans are just being set out or you are in the final days of your move to Canada, speak with a Halo Financial consultant to find out how you can make sure you save time money and hassle on the currency aspects of your move. Investing 5 minutes of your time today could save you tens of thousands of Canadian Dollars in the future.
 

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