Buying a property overseas will probably be one of the largest expenses of your life. An informed approach to currency exchange will make your money go further and protect you from exchange rate fluctuations.
As part of buying an overseas property you will almost certainly need to transfer some of your local currency into a foreign currency to cover the purchase price.
This essential part of the purchase process is often overlooked by investors. As exchange rates change constantly, this can effectively increase the amount you have to pay - especially where stage payments over a longer period of time are involved.
We can advise on the foreign exchange companies who offer the best rates of exchange and protect you against adverse currency movements.
These companies offer better rates of exchange than most banks, lower transfer fees and faster transfer times and the ability to fix an exchange rate for a period of several years to protect you from currency fluctuations.
Please contact us today for more information.