Buying Property in the Alps (Tom Holian)

GBP EUR Consolidates Ahead of Key Economic Data

If you are buying property in the Alps the chances are you will have a large currency transfer to make and therefore need to make sure you receive excellent GBPEUR exchange rates.

Typically the property prices are a lot higher than any other region in France and therefore a small difference on the exchange rates can be quite noticeable. By utilising the skills of a currency broker compared to using a a bank can be the difference of a few thousand Pounds or Euros depending which way you look at it.

For example since the announcement of the UK Banking Stress Tests this morning we have seen Sterling Euro rates move by as much a 0.6% or the difference of £2,400 on a currency transfer of €500,000.

Therefore, it is important to keep in close contact with a currency broker who understands your requirements and time-scales involved to make sure the exchange rate is maximised.

If you have a currency transfer to make and want to save money on exchange rates compared to using your bank then contact me directly for a free quote. Tom Holian [email protected]