How profitable currency exchange
Get Rich / / December 20, 2019
Currency Exchange - is a headache, especially now. The course is not happy, but the banks and exchangers set their own rules, disadvantageous to customers. There is a more economical and convenient option - exchange traded. What to do to use it and be calm for your money, tell you in this article.
If you look at the exchange rate of the Central Bank, will be sad: the currency is very expensive. And if you look at the rates at which banks are changing the currency, will be even sadder. Courses banks differ by 1,5-3 rubles, naturally so that it is beneficial to the bank. And if you change more than $ 100, you are giving to the bank rather big amount.
The question is, how then to be, especially if the exchange is needed all the time?
There is a way. This exchange on the stock exchange.
Usually the word "exchange" all shy, who by profession is not related to finances. But here it is not about earnings on stocks and on the work on the Moscow stock exchange currency market. More precisely, for a separate instrument, which helps with the benefit of currency exchange. And they can use anyone for the sake of saving their money.
Why change the currency on the exchange more profitable
There are several reasons why the currency exchange at the exchange easier, and cheaper than a bank:
- At the stock exchange more favorable rate. He has nothing to do with the need of banks to profit from the currency exchange operations.
- For operations on the stock exchange brokerage companies charge a ridiculous fee. «Finam"For example, from 0.009% of the transaction amount.
- Opening worthless investment account.
- You can change the currency without a visit to the bank, from any convenient location.
It is tempting. What to do to enjoy all these advantages?
What you need to change money on the stock exchange
Perhaps the biggest drawback to exchange currency exchange - it is a necessity to carry out several operations before the exchange.
First you need to open an account in the investment company, and then translate it means, then have to make a deal. To the latter point there are two options:
- To buy foreign currency on their own. This requires a special program. Plus, this approach is that you're all doing and control.
- Ask for help. You call the company and gives the order to the broker to close a transaction. In this case, everything is done for you.
Then you need to withdraw funds to a bank account and use them.
In fact, all of these steps take a little time, if you use sharpened tools. "Finam", for example, allows you to open an account remotely (documents sent in electronic form), and the terminal for trading Finam Trade works is that you change the currency in a few clicks.
Open an account you need only once, so subsequent exchange will be faster. Are the minutes that you spend, save a few thousand? Absolutely.
How to save more at the currency exchange
We have already said that brokers charge a small commission for transactions, almost a penny. But there is one caveat - this commission for transfer of funds from a brokerage account in the bank. In some cases, a significant amount, so messing with the stock exchange does not make sense.
This reef can be avoided if you have an account in the investment company affiliated with the bank. As a rule, transfer money between accounts in this case can be no commission.
The site of the company "Finam"Displays the amount you will save in the exchange currency at the exchange. Just look at the courses offered by banks to make sure: through the "Finam" is beneficial to change the currency.
When it's time to open an account and to change money on the stock exchange? When you want to change a large amount when you have used the service Exchange or when you just used to take your money and are not going to throw them to the wind.
Exchange currency at the exchange