Currency Brokers

Tumbit Approved Partner

Tumbit recommends FC Exchange Ltd., find out how FC Exchange Ltd. can help you here...

Currency Exchange issues can have a considerable impact on the cost of buying your property, your car, or on any other significant amounts that you are looking to transfer.

When considering buying property in Spain, many buyers are likely to spend more time searching for their dream property with their Estate Agent and researching the most advantageous mortgage rather than considering the financial implications of transferring money overseas. The transmission of funds for property acquisitions is often done at the last minute. This leaves the buyer exposed to the prevailing exchange rate and can significantly alter the eventual total cost of the property.

When buying overseas it is essential to cover all aspects of the currency element of the transaction. For example, when considering the Euro cost of a house in Spain there is no fixed exchange rate from which to calculate the eventual cost in sterling. This is because the foreign exchange rate changes many times every day. Depending on when you purchased a €500,000 home in the past twelve months it might have cost anywhere between £300,000 and £330,000 (and that 10% Fluctuation could have been put to better use like paying all of your Buying costs!)

A foreign currency exchange specialist can offer you direct access to the information you need in order to secure the best available exchange rates which will allow you to make significant savings on your overseas purchase.

Why not contact our Foreign Currency exchange specialist today to discuss your requirements in more detail to help you make the most of your Money. Even if you decide to get as far as opening an account with them you are under no obligation at all to take part in any transaction - It simply means that as and when the exchange rate is in your favour, and the time is right for you, you can trade straight away without the need for waiting for the formalities to be completed.