Forward planning is the key to saving on your wedding abroad
Saving money by having a wedding abroad may be growing in popularity in the current climate, but one method of helping the pounds take care of themselves may not be obvious to many brides and grooms - using a currency broker to make sure the money markets work to your advantage. When going on holiday we are all too aware of the fact that we will be paying over the odds to exchange money at tourist exchange rates and put up with extortionate bank fees and receiving charges. While most of us accept this for a week or two as we get away from it all, you shouldn’t have to pay the same rates when it comes to your marriage. Due to the larger amounts usually needed, it is important that you achieve the best rate possible and even avoid paying a fee. And, if you keep a close eye on the money markets you could also take advantage of favourable world exchange rates to save even more on your wedding.
Charlotte Hand from overseas wedding website MarryAbroad.co.uk says, “With the cost of living rising at the moment, it’s a real benefit for couples planning a wedding abroad to use an independent currency broker and make extra savings. We have recently joined forces with World First Foreign Exchange to enable couples to obtain excellent exchange rates, and, by using the currency converter on our site, they can calculate the cost of their ideal wedding in different countries, which always helps in deciding where is best to marry. We’ve found that pages such as these are becoming an essential tool in the wedding planning checklist.”
In these days of economic gloom in the UK, a wedding in the sun could actually be just what the bank manager ordered. With the rise of the euro against the pound many couples are thinking twice about getting married in the Eurozone, however, if you budget effectively and use a reputable currency broker it’s still possible to have a relatively inexpensive wedding in Europe. Just make sure you keep an eye on exchange rates, and know exactly where you stand with regards to costs.
Conversely, a favourable exchange rate against the US dollar over the past couple of years has led to an increase in weddings in countries which use the US dollar as their main currency (this includes much of the Caribbean). As you now get much more for your pound than a few years ago, it can actually work out far cheaper than marrying in the UK.
When the time comes to move your wedding money, make sure you get the best service and value for money available at all costs.
