Are you planning on tying the knot abroad? From tropical beach weddings in the Caribbean to elegant affairs in European cities, destination weddings can offer unforgettable experiences.
However, organising a wedding in another country comes with its own set of challenges, including managing foreign exchange. Equals Money is here to ensure your international payments are smooth, simple, and efficient. Let's dive into your step-by-step guide.
Your first and arguably most crucial decision will be choosing your wedding location. Do you fancy a sunset ceremony in Bali, or perhaps a rustic vineyard wedding in Tuscany? Consider the season, local weather, and any political or cultural events that might affect your wedding.
Different countries have different legal requirements for weddings. Ensure you're aware of the paperwork, residency requirements, and any other legalities before you set your heart on a destination.
One of the often-overlooked challenges of planning a wedding abroad is the cost of foreign exchange. Currency exchange rates fluctuate constantly, and this can impact your wedding budget. Equals Money offers competitive exchange rates and payment solutions such as forward contracts that allow you to fix a current exchange rate for a payment or transfer up to 24 months in advance, protecting your wedding budget from factors such as market volatility, currency fluctuations, and more.*
You are committed to the rate you’ve booked regardless of how it moves after the fact, presenting a potential disadvantage in choosing a forward contract. However, many looking to get married abroad find the stability offered by a forward contract outweighs this disadvantage, making it easier for you to plan and stick to your decided budget.
Research vendors in your chosen destination. Read reviews, check out their portfolios, and maybe even consider hiring a local wedding planner who has connections and can vouch for the reliability of vendors.
Give your guests plenty of time to plan, budget, and perhaps even make international payments of their own in preparation for their trip. This includes booking flights, accommodation, and ensuring they have all the necessary travel documents.
When you're in a different country, unexpected costs can crop up. Whether it's a last-minute décor change or a surprise local tax, be prepared by keeping a little extra in your budget.
When you're dealing with vendors abroad, you'll likely have to make multiple international payments. With Equals Money's secure international payment service, you can transfer funds seamlessly and fast, ensuring your vendors get paid on time without any hassle.
With all the meticulous planning and organisation that goes into a wedding abroad, don’t forget the primary purpose of the occasion: celebrating your love in a beautiful and meaningful location.
A wedding abroad can be the stuff of dreams, but it does require intricate planning, especially when it comes to managing international finances. With Equals Money by your side, you can be assured of fast, secure, and competitive international payments, leaving you free to focus on making your big day as magical as possible.
*Equals Money can only offer forward contracts to facilitate payments for goods and services.
Sign up to our daily market reports to get the latest news and insights on worldwide currency movements straight to your inbox every morning.
Enter your email address below to subscribe.
