Currency Exchange for most people from the U.K is a must when buying a property overseas but it is generally the one thing that is always last on the list. Most people are aware of the rate for your sterling to euro exchange for your holiday spending but many people are not aware that there are commercial Rates for the lager transactions which makes a significant difference to the amount of Euros that you obtain for your Sterling.
How do I go about it?
From our experience most people really do not think about Currency Exchange until after they have made their decision to buy their Dream Home in the Canary Islands and then and only then because your property is priced in Euros do you start to take a keen interest at what your Sterling Exchange rate to the Euro is valued at, this is vitally important to you as a slight difference in the sterling to Euro rate can make a significant difference to the overall price that you pay!
Where do I go to Exchange my money?
Your first port of call is always your home Bank but they are not always the ones that offer you the BEST RATE.
Like all high value purchases it pays to check the market place and to this end you should consider some of the specialist currency exchange companies.Continues on page 2