AFEX will save you money by offering you the most competitive exchange rates available
AFEX will save you money by offering you the most competitive exchange rates available
   
About Us
Associated Foreign Exchange Inc (AFEX) have been offering its clients an efficient and economical means of managing international payments for over 25 years.

Established in Los Angeles in 1979, AFEX quickly expanded and now have offices in 8 locations around the world. Our sister company RIA Financial is the third largest money transmitter in the world. The directors quickly realised there was a niche within the trillion dollar exchange market, where professional and economical currency conversion were not being offered.

Today with over 25 years of market experience, AFEX brings reliability and stability to both corporate and private clients.

With our full range of foreign exchange services we will help you effectively manage your international payments with ease and efficiency. It is AFEX services that distinguish us from other foreign exchange providers and our flexibility in tailoring that service to fit the specific requirements of our clients that truly sets us apart.

Welcome to AFEX

Whether you are buying property abroad, migrating to a new country or simply transferring funds overseas, fluctuating exchange rates can make a significant difference to the price you pay. AFEX aims is to make the currency aspect of any transaction, as simple, cost effective and stress free as possible.

As a leading foreign exchange specialist, AFEX make your dreams affordable.

In fact saving you money with great exchange rates is just the start. AFEX's core values are excellent customer service and high levels of pro-activity.

Our team of experienced and friendly foreign exchange professionals ensure that every aspect of your currency transaction is as simple as possible. Throughout the process, AFEX will provide you with straight forward guidance and pertinent market information. Our currency experts develop a precise understanding of your individual requirements and then help you identify how best to achieve your objectives and protect you from adverse movements in the exchange rate.

By offering better exchange rates than your bank, with no fees or commissions and low transfer costs AFEX guarantees peace of mind, making your money go further.

If you would like a member of the AFEX team to call you back at a convenient time, please click here and send us your details.

Overseas Property

When buying a property overseas you will need to pay for it in the local currency. Transferring your money through AFEX could save you potentially thousands on the cost of the property. The reason for this is because AFEX can offer the most competitive rates of exchange available to private clients. We also help you plan each payment gaining optimum rates over your specified time frame.

Whether you have bought a new property or a resale, AFEX will help you plan every step of the way. We have many different trading tools to help us with this, but our ultimate goal is to save you as much money as we can.

Some of the benefits include:-

• Commercial Rates of Exchange – better than your bank
• Express International Transfers
• No Commission
• Experienced Currency Specialists
• Limit and Forward Orders
• Regular Updates

AFEX will do everything possible to ensure that you get the very best exchange rates available and receive the highest possible standard of customer services.

If you would like a member of the AFEX team to call you back at a convenient time, please click here and send us your details.

Emigration
Ensure you get the best possible start in your new home abroad by getting the best exchange rate. When emigrating abroad you will literally need to exchange every single penny you own.

Moving to a new country is something that you will have given considerable thought and could be one of the biggest decisions you will ever make.

To ensure you get the best possible start in your new home, you will want to begin with as much money as possible. One of the key ways of doing this is to carefully choose the method for the transfer of your assets into your new home currency.

Some of the benefits include:-

Commercial Rates of Exchange – better than your bank
Express International Transfers
No Commission
Experience Currency Specialists
Limit and Forward Orders
Regular Updates
AFEX will do everything possible to ensure that you get the very best exchange rates available and receive the highest possible standard of customer services.

If you would like a member of the AFEX team to call you back at a convenient time, please click here and send us your details.

Regular Payments
If you have an overseas mortgage or are currently transferring your pension or smaller more regular payments via your bank you could be losing out.

AFEX regular payment scheme enables you to send smaller payments at the commercial rates. This is set up by direct debit and is transferred automatically each month.

To accommodate our clients, we do this twice each month so you can chose if you would like the funds debited at the start or middle of the month. Also you can chose to have your payments debited monthly, bi-monthly or quarterly.

The exchange rate is based on the commercial rate each month. We do not fix the rate for 12 month at tourist levels like our competitors; we will get you the best possible rate on the day each month.

The example below illustrates the savings that can be made as a result of using AFEX as apossed to a reputable high street bank and another foreign exchange provider to transfer smaller more regular amounts. Rates were obtained within a 5 minute period for comparison and are correct as of 01/09/05.

Buying €1,500 :
     
High St Bank
Competitor
AFEX
Exchange Rate
1.4011
1.4127
1.4506
Commission
2%
0%
FREE
Transfer fee
£25
£5
£5
Total
£1,117
£1,066.80
£1,039.05
AFEX can save you
£77.95
£26.75
 

If you would like a member of the AFEX team to call you back at a convenient time, please click here and send us your details.

Frequently Asked Questions

What do you charge to use your service?

All clients will get their first transaction FREE OF CHARGE. Each transaction after this will incur a £10 fee per telegraphic transfer or £5 per foreign draft. We do not charge commission nor account set up or maintenance fees.

Do you have a minimum transaction size?

The minimum for spot transactions is £1,000. The minimum for forward buying is £10,000.00 and the minimum for monthly regular payments is £200.

What if I need my money early and its booked as a forward transaction?

When we order currency we include a 3 month window. This allows you to take delivery of your currency up to 3 months before the maturity date providing we are in receipt of cleared funds.

What if my property falls through and I no longer need the currency?

We would simply sell the currency back into the market. You may be required to pay the loss if the rate had moved against you.

If you would like a member of the AFEX team to call you back at a convenient time, please click here and send us your details.

UK Head Office

Associated Foreign Exchange

Buchanan House

3 St. James’s Square

London SW1Y 4JU