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.
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 the services of expert currency exchange brokers.
The Palma Boat Show offers a glimpse into a luxurious life on the Mediterranean.
Currency exchange brokers are designed to save you money.
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This article was written on the 19th of April, 2016.