Looking for a simple and efficient way to optimize your exchange rate when trading cash currencies? With Fix & Collect from MyBestFX, lock in the best rate and collect your funds with ease.
How Does Fix & Collect Work?
1. Reserve Your Exchange Rate and Choose an Exchange Office
Set the amount to be exchanged, lock in the exchange rate, and select one of our partner exchange offices. Whether you want to convert dollars to euros, CHF to EUR, or CHF to USD, our platform ensures a competitive rate. Log in to MyBestFX to get started.
2. Enjoy a Guaranteed Rate for 3 Hours
Once your transaction is confirmed, you’ll receive an email with the details and fund availability. Your fixed rate remains valid for 3 hours, giving you time to complete your exchange.
3. Convert Money and Collect Your Funds
Go to the selected exchange office, present your transaction code, make the deposit, and walk away with your converted cash immediately.
Why Choose Fix & Collect?
Guaranteed Flexibility: If you spot a good rate in the morning, lock it in immediately. Later at the exchange office, you can choose between the locked rate and the current rate, whichever is more advantageous.
Secure and Reliable: No more surprises due to rate fluctuations.
Fast and Simple: No waiting in line—everything is ready when you arrive.
Competitive Rates: Get the best available rate for converting Swiss francs to euros, USD to CHF, or any other currency.
How Do Exchange Rates Work?
Exchange rates fluctuate based on supply and demand in the currency market. Various factors influence these fluctuations, including central bank decisions, economic conditions, and geopolitical events. When demand for a currency increases, its value tends to rise, and vice versa. With Fix & Collect, you can lock in a rate when it is most favorable, avoiding unexpected increases.
Strategies and Best Practices for Optimizing Your Exchange
Maximizing your exchange requires a smart strategy. Here are some tips to secure the best rate:
Monitor Market Trends: Rates fluctuate constantly. Tracking CHF/EUR or USD/CHF trends helps seize the best opportunities.
Use Rate Alerts: Some services send notifications when a favorable rate is reached, saving you from constant monitoring.
Lock in a Rate in Advance: With Fix & Collect, you can secure a rate when it is advantageous, avoiding sudden increases.
Avoid Hidden Fees: Always compare rates across platforms and check for potential conversion or transfer fees.
Plan Your Exchanges: Anticipating your currency needs can prevent last-minute exchanges at unfavorable rates.
Practical Examples: How to Save with Fix & Collect
Take Julien, a cross-border worker who receives his salary in Swiss francs and needs to convert it into euros every month. In the morning, he checks the exchange rates in Geneva and finds a good CHF/EUR rate on MyBestFX. He locks it in with Fix & Collect. At noon, when he visits the exchange office, the rate has dropped, but he still benefits from the better rate secured earlier. Using this method, he saves several dozen euros each month.
Another example is Sophie, an expatriate who frequently returns to France. She uses Fix & Collect to exchange her currencies while avoiding unfavorable fluctuations. By comparing rates and planning her conversions in advance, she saves an average of €500 per year on transactions.
Exchange Your Money at the Best Rate Now
Need to convert currencies quickly? With MyBestFX, exchange your Swiss francs to euros, euros to dollars, or any other combination. Use our currency converter to compare real-time rates and book your Fix & Collect transaction today!