For Currency Exchange at Hafez, we are capable of offering affordable and cost effective fund transfer for individuals and make their lives easier. On the other hand, most banks charge up to 3% in fees over and above the prevailing currency exchange rate. Correspondingly, we at Hafez found a simple, and convenient, bank beating strategy to reduce your exchange rate fees! 

 

What are some currency exchange options?

In foreign exchange there are two main types of contract options –

Forward Contracts: This contract type allows you to fix an exchange rate for up to two years. So, you could secure an exchange rate when the market moves in your favour, then transfer the money at a later date. A forward contract is a good way of protecting a foreign currency transfer from exchange rate risk.

Spot contracts: With this contract type you can buy/sell a currency for immediate delivery.

 

There are also two order types  –

Limit Order: This order type involves arranging to purchase a currency at a pre-determined rate. As soon as your target level is reached, the currency is automatically purchased.

Stop Loss Order: With a stop loss order you can pick a minimum rate at which currency can be purchased. Your currency will be bought automatically if the market falls to this rate.

 

Clients of Currency Exchange at Hafez:

Students:

Canada is a popular place for international students. We understand the overwhelming concerns you already have for your kids. As a result, we strive to offer efficient transition of funds between Iran and Canada to relieve your stress.

Immigrants:

Having troubling sending money from back home? No worries, we got your back!

Travellers:

Travelling back to Iran or vice versa? Not sure how you could exchange your currency to get the best deal? Then come to hafez and we will offer you the best rate.

 

Some financial institutions will charge you a fee on top of the profit that they’re making on the exchange rate. However at Hafez, we take pride in our exceptional customer service and the rate we are able to deliver. Therefore, please do not hesitate to contact us if you have any questions!