Donīt leave foreign exchange as an afterthought. No matter which option you take to purchase your overseas property you will be exposed to currency fluctuations. Whether you are transferring 10% or 30% deposit or funding the whole purchasse in one transfer you can take measures to ensure some protection from unfavourable movements of euro and sterling. By using the services of a currency specialist such as Currencies Direct you can save around 5000 per 200,000 transferrerred and via your allocated personal dealer you can purchase both spot and forward currency contracts. A spot Contract is the most basic foreign exchange product. The currency is purchased at live rates of exchange and is available for use upon your funds clearing usually within two working days. A forward Contract allows you to buy now at a fixed rate and pay the balance later, up to 18 months in advance. By fixing a rate you can avoid fluctuations within the foreign exchange market. This is particularly useful for clients making stage payments.

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