Living in the UK but buying in Italy in Euros – How can exchange rate variations be managed?
A – Sterling and the euro have maintained a reasonably steady relationship over the last few years. Some people will accept the risk and take the exchange rate on offer at the time. However, you can lock in today’s rate by buying forward so taking away the risk – important if you have budgeted you purchase on a given rate of exchange. If you are planning to rent out your property then by opening a euro account and paying in any such money you can build up a euro fund from which to pay the bills.
