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Emerald Forest Properties

Offering Real Estate in Costa Rica with
experience, integrity, and dependability you can count on

Canadian and European Clients can Save Thousands on the Exchange Rate

By Brad Butler

   Currency

   With the strength of the Canadian Dollar, British Pound, and Euro vs. the US Dollar over the last few months, now is a better time than ever to buy property in Costa Rica!

   If you are a Canadian or European client, you will inevitably need to transfer currency to buy your Costa Rican property in US Dollars. It is very important to pay attention to the exchange rate, or it could cost you a lot of money.

   If you are a Canadian or European client, you will inevitably need to transfer currency to buy your Costa Rican property in US Dollars. It is very important to pay attention to the exchange rate, or it could cost you a lot of money.

   The fact is that many individuals will simply use the exchange rate offered by their personal bank. The bank's 'retail' rate of exchange is usually a few percent worse than the market rate. The bank may also charge wire transfer fees, commissions, and bank receiving fees. Since the bank takes a large profit that is built into the exchange rate, many individuals don't realize they are other options available to them. There is an alternative to using your bank that could save you significant sums of money.

   Working with a 'specialist currency broker' like HiFX can not only save you time and hassle, it can also save you money. Their focus is to educate clients on the currency market, secure a better exchange rate than the banks, and transfer funds free of charge. Because the exchange rate that HiFX can offer is much better than the bank's rate, you will save substantially (on average 1%-4% of the amount) which on larger transfers can turn into thousands of dollars.

   HiFX can also protect you from adverse currency fluctuations, which can be useful if you would like to lock in an exchange rate for future property payments.

   HiFX services are free of any fees and there is no obligation to use their services, even as a registered client. In other words, you can call any of HiFX's global offices and get a quote on the exchange rate and then compare it with your bank to see how much money you would save.

   For more information and to speak with our dedicated account representative at HiFX, please contact Jody Cracknell (415) 678-2770 jody.cracknell@hifx.comFor more information and to speak with our dedicated account representative at HiFX, please contact Jody Cracknell (415) 678-2770 jody.cracknell@hifx.com or visit www.hifx.com

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