Foreign currency exchange rates and services
Exchange rates can have a huge impact on the cost of overseas property. DSR work with foreign currency experts to offer fluctuation protection and market leading exchange rates.
Foreign property is almost always priced in a foreign currency. To buy abroad, it is therefore likely you will need to make at least one foreign exchange transaction. Not choosing the ideal exchange rate could see your property costing far more than expected.
For example, a Thai property priced at €125,000 would have cost £88,930 to buy in mid-December 2007. But by mid-April 2008, this figure would have risen to £100,401 - an increase of £11,471 in only four months due solely to exchange rate fluctuations.
Working with our foreign currency exchange providers, we can offer market leading exchange rates up to 4 percent better than the banks. Rates can also be fixed for up to two years to protect against exchange rate volatility. As can regular payments. This can be useful when making overseas mortgage payments or picking up rental income.
Our foreign currency exchange providers charge 0% commission and there is no obligation to use their foreign exchange services.
