No doubt, the highlight of April in Mallorca is the always-popular Palma Boat Show. Under sunny spring skies, serious yachties and recreational enthusiasts stroll the Muelle Viejo docks rubbing shoulders with yacht brokers and marine service providers. It’s a time to celebrate the sport, culture and craft of life on the sea.
Many transactions will take place during this exhibition, from yacht sales and interior design planning, to maintenance contracts and slip rental agreements. Money will be transferred and currencies exchanged. It’s an expensive business and lifestyle, for certain. Yet, there are ways to save money.
Most residents with accounts outside the Eurozone know that making transfers through their bank can be an onerous and costly process. Using a specialist currency exchange company offers a swift, simple and cost-effective difference in making payments for goods and services, by foregoing fees and obtaining far better exchange rates than the banks provide. This certainly applies to the yachting realm.
In Palma, Premier FX is experienced with and integrated into the many facets of the marine industry.
Consider this true-life situation of a Swiss couple in the process of purchasing a new powerboat. They were having a rough time agreeing on a price with the broker. Meeting with both parties, the Premier FX account director learned the boat purchase would complete in six-to-eight weeks and suggested a strategy based on predicted currency rate movements. The couple accepted the Premier FX strategy, over that of their bank. The difference in the rate Premier FX provided increased the amount the couple could pay. In fact, the rate improved and the couple benefitted more than expected.
Charter services can benefit as well. Transferring a deposit through an exchange company acts as a type of ‘escrow’, providing a layer of security for all parties. As well, multiple payments can be made to the final beneficiary as required.
Service providers, such as marina managers, dry docks and caterers can also enjoy favorable fixed rates, reduction of admin costs and automatic payments when using a company like Premier FX.
The Palma Boat Show offers a glimpse into a luxurious life on the Mediterranean. Premier FX is available to expedite your transaction and achieve your dream.
Premier FX are designed to save you money.
For more information, please contact their Palma office at +34 971 576 981 or firstname.lastname@example.org.
More about Premier FX
Premier FX is a UK Limited Company with offices in London, Spain and Portugal. They are regulated by UK Revenue & Customs and authorised by the Financial Conduct Authority (FCA). Client funds are held in secure, segregated accounts at Barclays Bank in London and are fully protected by law.
Related articles to currency exchange.
Whatever you’re dreaming of owning, locking in a favourable exchange rate can mean savings of hundreds and thousands. Here’s how Forward Contracts work. […] Save money now on your future dream purchase
Are you planning to buy a property in Mallorca soon? With a little simple forethought and planning, you could save thousands! […] Buying a home on Mallorca – Currency Considerations
Find out what lies ahead for the pound to euro exchange rate with our forecast for the currency market in 2016. […] Early 2016 currency forecast: choppy waters ahead!
Did you take advantage of the strength of the Pound against the Euro in 2016? Find out how the market is looking and what trends are likely for 2017. […] Currency dramas & what to expect in 2017
This article was written on the 19th of April, 2016.
Photo: Premier FX