Personal Customer Case Studies

The case studies below are based on real transactions made by some of our clients. Their names have been changed to maintain their confidentiality.

Case Study 1 - client moving from the UK to the US

Nigel sold his house in the UK for £250,000 as he was relocating to the United States. He needed to convert the £250,000 proceeds into U.S. Dollars to purchase a U.S. property to live in.

Nigel contacted his local bank and was quoted a GBP/USD exchange rate of 1.5000 to sell his £250,000 and purchase U.S. Dollars. This meant he would receive $375,000, and the bank would have also charged him a £30 fee (USD $45).

Nigel then asked UKForex for a quote and was given a much better GBP/USD exchange rate of 1.5450 for him to sell his £250,000 for U.S. Dollars. This meant that Nigel received $386,250 for his Pounds, and he did not have to pay a fee.

Nigel saved: $11,250 from the better exchange rate at UKForex
$45 by not having to pay his bank's fee
$11,295 TOTAL  SAVINGS

 

Case Study 2 - UK Client Buys Boat From Greek Seller

John, a London-based boating enthusiast, needed to purchase 20,000 Euros with British Pounds to pay for a boat that he wanted to buy from its Greek owner.

John initially asked his local UK bank for a quote on the EUR/GBP exchange rate and received a rate of 0.8500. This rate would result in a Pound Sterling cost of £17,000 for the 20,000 Euros required to make the purchase. His bank also wanted to charge him a £15 fee.

John registered with UKForex and was quoted a EUR/GBP rate of 0.8050 for him to buy the 20,000 Euros. This resulted in a cost of only £16,100, without having any fees charged to him.

David saved: £900 on the rate 
£15 on the fee
£915 TOTAL 


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