Relocating to British Columbia
Thanks to all those who came out to our Welcome to Canada seminars in Dublin and London:
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Moneycorp
 

Emigrating -Foreign Exchange and Currency Rates

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Anglo Pacific International Removals

Keith Baker - mortgage broker offers mortgage advice and pre-approvals in Canada

Exchanging your money

Signs on the trails in Whistler

One concern that many people have when moving from one country to another is moving their money - and making the most of it. If you are selling your home and transferring the proceeds to Canada, you could be talking about a substantial sum. So how do you do make sure that you do this safely and at the best rates available?

Our recommendation

We recommend that you use specialist currency exchange professionals. We have experience of a number of these companies, both on a personal basis and through the many clients that we have helped relocate.

We used Moneycorp for the transfer of the money from our house sale and have subsequently used them on several occasions. We found their service to be excellent and can recommend them. They have offices in the UK, Spain and the USA.

If you want to find out more, you can get them to send you information using this link: Moneycorp

There are two other companies that we are happy to recommend based on the positive experiences of our clients. So the three main companies we recommend are:

High Street Banks

Probably the first thing that people think of when they want to convert money into Canadian dollars is their high street bank. While your bank is capable of making this conversion for you, they are generally not as competitive as the specialists. We suggest that you check with your bank.

Specialist Foreign Exchange Bureaux

These companies, like Halo Financial, Moneycorpand HIFX, are set up to cater for currency exchange. They will have a specialist foreign exchange trading floor and should know the market.

You will have to set up an account with them. This is a simple process.

One of the reasons to consider using a specialist FX bureau is that they offer more sophisticated currency exchange facilities. For example you may be able to:

When you contact these companies, check what services they offer. You should also check the same things as you would for the high street banks.

We believe that specialist foreign exchange services are the best way of transferring your money. With a major move like emigration, getting the best rate and service makes a huge difference.

Our recommendations are that you contact at least one of these specialist companies: