Buying Foreign Currency with a Forward Contract

Posted on

Purchasing an existing property with completion due several months later exposes you to the risk that your property will end up costing you far more that you originally anticipated, due to adverse exchange rate movements.

Buying Currency with a Forward Contract

By using a forward contract you can secure a rate now, or when you sign the initial contract, thus fixing your property price and protecting you from unbudgeted foreign exchange costs. Our dedicated brokers will liaise with you, understand your unique currency requirements and provide you with guidance in selecting the currency tools that will best suit your needs.

They will also ensure that your funds are sent via priority telegraphic transfer arriving at the destination of your choice within your timescale. In other words, they ensure that the right amount of money, gets to the right place at the right time, (and that I can assure you does not always happen when people use their own banks).

We are able to offer a personalised currency exchange service, where our clients are guaranteed the same account handler from the start to the very end. Do you realise that a small difference in exchange rates obtained of €0.01 to the £ would mean a difference of €2,500 on £250,000!

Back to articles