Foreign Exchange for Purchasing Overseas Property — FX for Foreign Home Payments

Transfer Money to Spain

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"Foreign Exchange Specialists can save me thousands by protecting against adverse currency fluctuations."

The Porters found a dream second home in Spain. Upon signing a contract for €350,000, they logged onto and sourced an FCA regulated currency specialist. They registered and opened an account with their dedicated dealer, reserving a rate of €1.192 to the pound. This was despite the fact they did not need to send the money overseas for another 2 months. They did this because; a. the reputable currency specialist allowed them to do so (forward contract) and most importantly b. wanted to be safe in the knowledge that the cost would not increase with unfavourable market movements which could cost them tens of thousands of pounds more.