PEX Personal
If you are buying property abroad, have you considered protecting yourself against exchange rate fluctuations?In 2006 the Association of International Property Professionals estimated that investors buying a £100,000 property abroad would lose on average nearly 3% by using a bank to convert their currency instead of a specialist broker.
These fluctuations can mean the cost of your home rising dramatically if you do not guard against this.
PEX FX offers several solutions to protect against this;
- Buy your currency now at a favorable rate – you will know the cost of your home and this won’t change.
- Buy a forward contract, allowing you to fix the exchange rate for up to one year in advance.
- We will monitor the markets on your behalf, so should the market hit your specific rate/level you will be contacted by a member of the PEX FX team.
You will receive regular market commentary ensuring you are up-to-date with all the latest market news, enabling you to make the most informed decision on all your currency dealings.
