4. How currency market movements affect the price of your property
The price of your property in your home currency will be significantly affected by the movements of the currency markets
during your purchase process, and the strength of sterling - especially considering the ongoing movements in the run up to Brexit
The currency markets
are incredibly volatile and are particularly affected by changes in the political and economic spectrum. An announcement one day can ensure a significant swing in the rate in either direction very quickly. This could mean that the currency rate you are looking at one minute, may well be considerably different in a very short amount of time.
For this reason, we recommend opening an account with a currency specialist
as soon as possible. At Halo Financial, our personal currency specialist will be able to keep you updated on any particular exchange rate swings you should know about and discuss the previous performance of this currency, to help you plan for your international money transfers and make sure you get the best rate at the time that’s right for you.