Foreign Exchange in Cyprus
Cyprus related forum posts
hi can anyone tell me who are the best people to approach for information on starting a business up in cyprus. e.g. solicitor, estate agent. ect. i run a business here but want to start one from scratch in cyprus, in the leisure side of things. thanks charlie
Total Posts: 6 Last post by aladjihassan
Wholesale/Distribution to Private retailers, a question on "culture" of how business is conducted between them
I am looking to distribute my own brand of Womenswear from Spain where I reside to carefully selected Boutiques & Clothing Shops in Cyprus. How is business conducted at a distributor/wholesale level to privately owned retail shops as far as finance & agreements are concerned? I will be visiting Cyprus early next year after making key appointments before my visit and would like information on t
Total Posts: 1 Last post by mistry
Foreign Exchange in Cyprus
- 4% savings compared to banks
- 24/7 online support from the UK
- Free payments over £3,000
- Full payment reconciliation
- Free to register an account
The official currency of Cyprus is the Euro, also known as EUR.
How to send money to Cyprus for free
Simply register online and follow our straight forward booking process. You will need to have the following details handy to make a transfer to Cyprus;
- Beneficiary name – Please enter the full beneficiary name to enable the bank to accept the payment. No nicknames.
- Bank name – Please enter the full name of financial institution.
- Swift code – The SWIFT is an international standard for identifying a bank and it is 8 or 11 characters long.
- IBAN - IBAN is an international standard for identifying an account and it consists of up to 34 alphanumeric characters, it is an extension of your existing account number.
- You may want to add a reference that is relevant to your payment
Additional foreign exchange services
MultiPay – Multiple outbound payments
Whether you pay one or hundreds of overseas invoices per month, we manage, convert, track and deliver your funds in one simple step. You send one spreadsheet detailing beneficiaries, amounts and currencies. We fulfill all payments at our bank beating rates, with just a single payment required from you to settle all payments.
AutoPay - Regular inbound payments
Do you receive foreign currency payments on a regular basis? If so then AutoPay is the ideal solution for seamlessly managing your payments.Using our currency account details on your overseas invoices you can have your funds converted into the currency of your choice at our bank beating rates and sent to your bank account automatically and with no delay, saving you time and money.
Book a forward contract
If you have a foreign exchange requirement in the next 12 months and wish to protect yourself against potential losses caused by market movements then booking a forward is the best way to receive the rate you want.
Place an Order
Booking an Order allows you to select the exchange rate you would like to achieve and we will handle the rest for you, and will automatically book your currency exchange if your rate becomes available.
Organisations that can assist with Foreign Exchange
At Abounding Ltd we work closely with a number of companies across the UK and Ireland and assist them with their foreign payments when purchasing/selling abroad.
WorldRemit provides a quick, secure and cost-effective money-transfer service to more than 100 countries around the world.
Money Transfer Comparison reviews and rates money transfer service providers. Up to date it has reviewed more than 30 different companies.
At XE, we live currencies. We provide a comprehensive range of currency services and products, including quick, easy, secure Money Transfers for individuals and businesses.