Hope you guys can help me out â¦and apologies if ive posted in wrong section.
Thanks in advance for your help.
I live in the UK and only have UK bank accounts.
I need to make large transaction in USD and after 6 months the funds will then be available for me to bring back into the UK.
My concerns are :
I buy USD now ( from sterling ) and I get a fixed rate â how do I get the best rate ??
If after 6 months the gbp/usd has gone up I may be at a major loss to convert back into GBP.
I have heard I can fix the currency rate for 6 months but not sure how I can do it and whether its feasible.
Would appreciate your help as I need to do this transaction ASAP and because of the recent market volatility im not sure which way to go about itâ¦
Thanks
Thanks in advance for your help.
I live in the UK and only have UK bank accounts.
I need to make large transaction in USD and after 6 months the funds will then be available for me to bring back into the UK.
My concerns are :
I buy USD now ( from sterling ) and I get a fixed rate â how do I get the best rate ??
If after 6 months the gbp/usd has gone up I may be at a major loss to convert back into GBP.
I have heard I can fix the currency rate for 6 months but not sure how I can do it and whether its feasible.
Would appreciate your help as I need to do this transaction ASAP and because of the recent market volatility im not sure which way to go about itâ¦
Thanks