When you’ve finally made the tough decision to leave your beloved country, family, and friends behind to move abroad, it might still feel like the roller coaster ride of a lifetime.
One of the challenges would be figuring out the specifics around finances. Emigration is an expensive process, and you will want to ensure sensible investment of your money.
Whether you need to move for work or want to retire after the last child has left the nest, you will save a considerable amount of money by familiarising yourself with the variety of foreign exchange options available. Traditionally, people have relied heavily on banks to provide them with transfer services, partly due to the ease of using an existing bank account. Going the traditional route could however be a costly convenience because nowadays forex companies such as Currency Assist strive to offer quicker service with better accessibility and cheaper trading.
Living abroad means making significant money transfer commitments and a reliable way to manage currency payments can make a noticeable difference when converting your funds. Sending money abroad can be complex if you don’t know what exchange controls are. To safely send the allowed amounts within regulations, you need expert knowledge of exchange control. Working with a specialist can make money matters related to emigration more manageable and cost-effective.
A Forex specialist can set up virtual wallets so you can start the process of international transfers even long before you settle at your destination abroad.
Keep in mind that exchange rates greatly affect how much money you will receive, as it is influenced by political, economic, social, and environmental developments, all affecting the value of a currency..
After you settle in a new country, you might still have connections and commitments in South Africa. A Forex Broker can ensure that moving money across borders transpires quicker and without hiccups, by locking in exchange rates for your transactions, and overseeing that the process runs smoothly and within applicable regulations, both locally and abroad.
You will have less to worry about when you choose a trusted and reliable Forex provider. Ideally, a provider must have clear channels for immediate customer support, offer low rates, and have a solid reputation with vast experience.
You can rely on Currency Assist to provide you with cost-efficient, simple and fast ways to manage your international transfer requirements when emigrating. Contact us on 087 135 5978.