Foreign Currency Transactions

It is a fact that only 15% of people buying property overseas consider the potential impact currency fluctuations can have on the cost of their property.  The remaining 85% either give no consideration of the potential  consequences or will  use their own bank to transfer money overseas.

Even the smallest fluctuations in the international money markets can make a difference to the price you pay for foreign currency and ultimately your property.  Given the average amount of money involved in such property transactions, together with the associated additional costs, it is prudent to ensure the price you pay for your property does not increase due to adverse exchange rate movement.

For clients to maximise the foreign exchange benefits, we recommend the use of a specialist foreign exchange company. Our currency partner is Moneycorp, who have provided foreign currency services for the last 20 years.

Moneycorp offer the following benefits to our clients,

• No commission charges
• Access to highly competitive commercial foreign exchange rates in the financial money markets
• The ability to fix an exchange rate for settlement in the future , thus potentially protecting and minimising clients exposure from adverse currency movement and allowing the lock into favourable exchange rates.
• Friendly, expert staff to assist you.
  
  For further information on how you could save money when dealing in foreign currency transactions contact us