When making an overseas purchase, currency exchange may not be the first thing on your list. It can be equally as important as the purchase price though, as the exchange rate has a direct and noticeable impact on your bank balance.
Why Sterling Exchange?
• Free transfers
• No minimum transaction size
• No commission
• Highly competitive exchange rates that will beat the banks
• Free and fast track account opening facilities with leading international banks from our UK office
• Designated currency planner
• Fixed exchange rates for up to 2 years
• 24 hour client services
• All major currencies traded
Overlooking the dangers of foreign exchange can be a costly experience as this example below shows.
A property costing 250,000 Euros, purchased on the 24th June would have cost £165,175. However the same 250,000 Euros purchased on the 21st July, less than one month later would have cost £174,775 - a difference of £9,600.
Had the buyer contacted Sterling Exchange they could have fixed the exchange rate and saved themselves over £9,000. Add to this bank transfer fees, commission charges and receipt fees, you may find your dream home has been pushed out of reach.
Although you have no control over the foreign exchange market our dedicated team of brokers, analysts and support staff are working non stop to ensure that you are aware of its movements while offering you the products and services that will save you both time and money.
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