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Foreign Currency

We carry out this kind of business through our correspondent banks. Moving, living, travelling or working abroad? If you need to manage your finances in your local currency we have a range of products, services and advice for your financial needs.

Sterling
US Dollar
Euro
Other

Fluctuating exchange rates

The world's major currencies float freely against each other so like anything else that is traded on an open market, the unit of currency is worth what people are prepared to pay for it. As such, if you buy your currency at a hotel reception, bureau de change, bank or through a specialist foreign exchange broker, the exchange rates and therefore value for money, will vary. There are some specialist foreign exchange companies that can buy ‘wholesale' from the market, which means better exchange rates for buyers.

Variations in exchange rates

Of course this works the other way round too – the exchange rates can favour one currency over another and they continually fluctuate so assets and liabilities vary.