Currency Conversion Tips

Managing Exchange Risk

1. Monitor rates - Use XE.com or similar 2. Set rate alerts - Know when to act 3. Consider forward contracts - Lock in rates 4. Use specialist brokers - Better rates than banks 5. Time transfers carefully - Avoid weekends 6. Keep records - For tax purposes

Recommended Currency Brokers

- Wise (formerly TransferWise) - CurrencyFair - OFX - Moneycorp - HiFX

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