Currency Zone
Smart Currency helps protect your money against the risks of international transfers
Buying a home in Germany is an exciting step, whether you’re looking for a permanent home or an investment. However, buying from abroad in a different currency carries an inherent element of risk. The currency markets never stop moving, and a sudden drop can come at any moment - adding thousands to your property purchase.
When you agree a sale price, that price is fixed in euros. However, what you pay in pounds or dollars for those euros will change constantly, meaning that budgeting is extremely difficult. In 2019, for example, £1 was worth between €1.06 and €1.20, meaning a €200,000 property moved in price by over £20,000.
Fortunately, the risk might be big, but it’s easy to control. At Smart Currency Exchange, we have been helping people like you buy homes safely abroad since 2004. We can use solutions such as forward contracts to help you secure a fixed exchange rate for up to twelve months, so that if the markets drop, the exchange rate you’re using doesn’t change.
All our clients are assigned a named Personal Trader, who does not work on commission. They will work with you to find the right option for you, whether it’s a forward contract, regular payment plans or more. Get started by requesting a free quote today.
