With the Rand having one of its most volatile years, one thing to be thankful about is that we aren't at the levels that we were last year this time, when the Rand had already hit 16 to the Dollar - and still went further!
Many persons panicked and took their funds out at these crazy levels, thinking they were getting out 'before the Rand really crashed'.
For those of you looking to take funds out at current levels, and are looking at what you could have achieved earlier this year, it is good to note the following:
- By exchanging now, you would be 21% better off compared with the weakest level for the year.
- Your R1 million Discretionary Allowance runs per calendar year, meaning you have just a couple of weeks left before your allowance is lost, if you have not used it.
So, if you are looking to exchange before yearend, I have something important to share with you...
Don't exchange before reading this email...
If you are like most persons looking to exchange Rands, the first place you go to is your Bank, right?
About 65% of people do this... and most of them are being ripped off..
What people don't realize, is that your normal Banks are actually one of the worst places you can go to, for exchanging funds. Why do I say that?
- Well, for a start, it's right there in that last sentence. You have to "Go to the Bank". Immediately, that is just a red flag to me for Massive Time-waster. So... Reason #1: They steal your time!
- Do you know how good a rate they give you? It is scary to me how few people even know what a good or bad rate is for exchanging. Some banks can sting you up to 25c off the market rate!!! Which gives us Reason #2: They will sting you on the rate if they can.
- Another sly move from banks, is that you only receive the hidden costs at the end... the processing/admin fee... the SWIFT transfer fee .. the commission ... and the receiving bank fee
Hence Reason #3: They sting you on hidden costs and fees
The worst of this, is that persons think they have no choice, no alternative - but there is, and that is what this email is about.
What really gets my goat is how the banks will generally rip off persons on forex transfers - just because their clientèle know no better.
And so, we decided to do something about this - and negotiated an arrangement with a specialist forex broker who won't do this - Exchange4Free.
We have partnered with them to provide you with:
- Preferential rates
- Zero cost/fees for transfers over R100k - and just R250 if under
- Top class personal service
Get signed up with them now for free - and start saving in time, money and stress!
And then, stay tuned for our next couple of posts, where we will reveal more reasons as to how and why you can be saving possibly thousands of Rands on EVERY TRANSACTION!
To your success~
James Paynter
P.S. The above-mentioned facility is focused on individuals. But we also have negotiated a special no-cost alternative for business clients involved in forex. You will find this option on the same page when you hit this link.
