How Do You Get The Best Exchange Rate When Buying Property Abroad?
• Begin thinking about the exchange rates weeks or even months before making the transfer. This way you can research what’s happening on the exchange markets and determine whether the rates are favourable. It also means you can work out whether the rates are likely to change in the near future, so you can decide whether to fix the exchange rates now or wait until a later date. • Consider speaking to an expert in currency exchange. To do this you can simply Google ‘currency exchange’ and browse the results of exchange brokers. This is worthwhile because you can benefit from some professional guidance about the exchange rates before making the transfer, and learn about the options available. • Do as much research as possible about the rates available. For instance do not simply speak to your high street bank but also consider the exchange brokers available. Some brokers may charge commission and some may demand fees that others cannot. In addition some may offer more favourable exchange
