Transferring money to Tenerife (and FROM Tenerife)
Using a Smart Currency Exchange could save you money when transferring funds abroad and keep your finances protected.
My Guide Tenerife and Smart Currency Exchange are working together to offer bespoke foreign exchange services to My Guide Tenerife members, whatever their needs.
When sending money overseas, even the smallest movement in the currency markets can lose you a significant amount of money. Smart Currency Exchange can help prevent this happening.
They have a number of ways to help you manage your transfer from locking in your exchange rate for future use with a forward contract, from using Regular Payment Plans to automate recurring transfers to helping you with more immediate payments when there are favourable exchange rates using spot contracts.
Since 2004, Smart Currency has helped more than 50,000 clients protect over £12bn of transfers from the dangers of exchange rate fluctuations. My Guide Tenerife believes that they are the trusted voice in high-value international transactions.
How can Smart Currency help you
- Overseas property purchases and sales
- Making regular payments overseas
- Property maintenance and mortgage payments
- Receiving rental income
- Wealth management
- Business and investment
- Transfers to family members overseas
- School or college fees
- And much more.
As soon as you open your free account with Smart Currency Exchange, you’re assigned a personal account manager to help provide guidance on currency markets for the latest information on exchange markets and what that means for your transfer. Account managers are available directly by phone, so you won’t have to navigate a call centre.
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Case study
The danger when purchasing property abroad as a UK-based landlord is that exchange rate fluctuations between the offer and completion date can significantly impact your investment costs.
For example, if you agree to buy a €500,000 rental property when the exchange rate is €1 = £0.85, your purchase would cost £425,000. But if the rate shifts just 5% to €1 = £0.89 by completion, your cost would rise to £445,000—an unexpected £20,000 increase.
Such volatility can disrupt financial planning, rental yield projections, and mortgage arrangements. By securing a forward contract with Smart Currency Exchange, you can lock in an exchange rate, ensuring cost certainty and protecting your investment from currency market fluctuations.
Why use Smart Currency
“I recently used Smart Currency Exchange on the advice of a financial advisor. They provided a very efficient, speedy service and gave clear instructions for a first-time user. It was reassuring to be assigned a personal advisor who was extremely helpful. I will definitely use their services again in the future.” N. Hancock.
My Guide Tenerife has partnered with Smart Currency Exchange, a currency specialist, to help you get the most from your currency exchange needs. Inquire now for a free quote to find out how Smart Currency Exchange can save you money.
Smart Currency Exchange Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2024 (FRN 504509) for the provision of payment services. Smart Currency Exchange Limited is also authorised and regulated by HM Revenue and Customs under the MLR no 12198457. The information provided is solely for informational purposes and should not be regarded as a recommendation to buy or sell. All information is obtained from sources believed to be reliable and we make no representation as to its completeness or accuracy.
