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Planning an event? Need the perfect venue? Then we have the answer. Weddings, meetings, seminars, dinners and conferences for up to 120 people. Set in the heart of Provence, overlooking the Esterel Mountains, the ideal location. J36 of the A8 at La Motte Find out more...

Val Saint Andre International School

Bilingual school in Aix en Provence for children aged 6 to 18 years. Fully certified Cambridge International Centre offering English and French qualifications (up to A-levels/Bac). Excellent facilities and support network for international children. Find out more...

Another World

Tailored property management services: housekeeping, pool and garden, security visits. For rentals: keyholding, inventory checks, changeovers, emergency cover and contact point. Full admin and linguistic assistance. 12 years experience in Provence. Find out more...

Provence Local Reference INFOrmation

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Foreign Exchange (FX) Basics

A guide to how the money markets works with information on various currency transfer options available if you need to exchange US Dollars, Pound Sterling, or any other currency to Euros - whether in a single transfer or on a regular basis.

Currency markets are constantly fluctuating making it difficult to determine a good time to make international payments.

Currency Exchange Options

This is a brief outline of the tools and products usually offered by FX or currency specialists.

Spot contracts

Buy or sell a currency for immediate delivery. Spot contracts are suitable if you want to receive your currency quickly and efficiently. Using an FX specialist should also mean that you benefit from better exchange rates.

Forward contracts

Book to buy or sell currency in the future, at a rate fix today. Forward contracts can help protect against adverse currency movements and can be used to lock into favourable exchange rates.

Stop loss orders

Set a minimum level at which to buy or sell currency. An order can be fulfilled automatically if this rate is reached in the markets. Effectively, this guarantees a minimum rate at which currency will be exchanged.

Limit orders

Set a higher target exchange rate at which to buy or sell currency. The order will be fulfilled automatically if this rate is reached in the markets. Effectively, this guarantees a maximum rate at which currency will be exchanged.

If a limit order is run in parallel with a stop loss order, the exchange rate at which a trade is made is guaranteed within a given range; this allows for more effective forward planning.

Regular payments

For making regular international payments, an automated regular payment plan can be arranged with a currency specialist. Funds are collected by direct debit and automatically sent to the foreign account.

For more information, see the INFOrmation Page, Making Regular International Money Transfers to France

Information supplied by Moneycorp, 100 Brompton Road, London, SW3 1ER
Web: www.moneycorp.com Tel: +44 (0)20 7589 3000
Worldwide copyright © TTT Moneycorp Limited 2008