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Maximise the returns when selling international shares

Posted by on January 27th, 2025.

Simplify the process with TorFX

If you are preparing to cash out your stocks or shares, whether it’s to enjoy the proceeds or to reinvest locally, you will want to ensure that you maximise your returns.

Fortunately, TorFX provides access to a range of specialist services, alongside support from a dedicated account manager, who can offer guidance on the best way to repatriate the proceeds when cashing out your overseas stocks or shares.

FX markets are in constant flux, which can be a major headache for anyone transferring money overseas.

Fortunately, our range of products, expert insights, and personalised guidance can help you navigate exchange rate volatility.

We also offer highly competitive exchange rates and charge no transfer fees, so you can maximise the returns on your international transfers.

Challenge

Simon recently decided to sell his shares in Microsoft, which were held in the US stock market. The sale generated a significant amount of proceeds in US dollars, but he needed to repatriate these funds to the UK.

Simon was concerned that fluctuating exchange rates and bank transfer fees would erode the proceeds of his stock sale when repatriated to the UK.

Solution

After being referred to TorFX by his financial adviser, Simon chose to open an account. After registering his account, Simon was assigned a dedicated account manager who was able to assess his currency exposure and provide guidance on how to secure the most favourable exchange rate.

As he didn’t need to make the transfer immediately, Simon opted to hold out for a better exchange rate by setting up a rate alert, targeting a GBP/USD exchange rate of $1.23.

Impact

A couple of months later, Simon was alerted by SMS that his target exchange rate had been struck, so he contacted his account manager and executed a $50,000 transfer. At $1.23 his transfer was valued at £40,650 once repatriated to the UK, versus the £39,062 he would have received had he transferred his proceeds immediately, when GBP/USD was at $1.28.

In addition, by using TorFX, Simon was able to avoid any transfer fees, and his funds were transferred via TorFX from his US brokerage, into his UK bank account almost immediately, allowing Simon to reinvest the proceeds without delay.

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