Moving money to or from Spain in 2021?

If you need to make international currency transfers working with a company you can trust is key. At Currencies Direct we’re here to help you make simple, secure currency transfers in 2021 and beyond.

A year of ups and downs (mainly downs!)

It’s safe to say that 2020 was an extremely difficult year for all of us, with considerable disruption to our lives as we adjusted to the coronavirus pandemic.

This disruption was clearly reflected in the currency market, with dramatic volatility over the past over the course of the year. The GBP/EUR exchange rate shed almost 15 cents in the span of a single month!

Such extreme movements have created issues for people looking to move money to and from Spain.

As was the case for most businesses, the coronavirus pandemic meant our team at Currencies Direct had to adjust to rapidly changing circumstances.

However, adjust we did and we’re proud that we’ve been able maintain our high level of service throughout the crisis and continue meeting our customers’ currency requirements without disruption.

The Brexit factor

In terms of the pound, the fourth quarter of 2020 saw the currency touch some of its worst levels since the start of the pandemic against the euro before rebounding, but achieve new multi-year high against the US dollar.

This volatility only became more pronounced as 31 December approached without any clear indication of whether the UK and EU would agree upon a trade deal before the Brexit transition period expired.

While the lack of certainty over the UK’s post-Brexit relationship with the EU made planning for the future difficult, at Currencies Direct we took steps to ensure a smooth continuation of service regardless of the outcome, offering certainty in trying times. Our company acquired a licence with the Bank of Spain (Banco de Espana) so our customers based in EU and EEA countries would experience no disruption to services.

Under this licence we’re able to continue working with customers based in Spain and the wider EU exactly as we always have. This also ensures that our customers can be confident that we’re regulated to the highest standards.

Committed to security

At Currencies Direct we’re proud to hold a level one credit rating with Dun & Bradstreet, meaning we have the lowest level of risk.

Segregated accounts

At Currencies Direct we keep your money in segregated accounts*, completely separate to the funds we use to run our business.

Award-winning service

We feel that customer satisfaction is a real testament to the dedication of our teams and the level of service they provide, so our five-star ‘Excellent’ Trustscore on Trustpilot is really important to us.

We’ve also won a number of awards over the years, including the 2020 MoneyAge Money Transfer Provider of the Year award.

After a year like 2020, who know what 2021 has in store for us!

However, if you need to move money to or from Spain in the year ahead our expert team at Currencies Direct are more than ready for whatever comes our way. As always, using our services means you’ll also benefit from excellent exchange rates, no transfer fees and flexible transfer solutions.

At Currencies Direct we’re here to talk currency whenever you need us, so get in touch if you want to know more about the latest news or how it could impact your currency transfers.
Since 1996 we’ve helped more than 325,000 customers with their currency transfers, just pop into your local Currencies Direct branch or give us a call to find out more.

*Currencies Direct’s bank providers do not monitor the funds they place on safeguarding accounts or how they operate these accounts. It is their responsibility to segregate funds.

We’ve helped 325,000 people save time and money on their currency transfers since 1996 by offering:

  • Excellent exchange rates
  • Hassle-free currency transfers
  • Expert support & insight
  • Personal account management
  • Tailored transfer services

For preferential exchange rates quote “The Abaco Club”

Contact us now +34 965 994 830
abacoclub@currenciesdirect.com

Find out more at currenciesdirect.com

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