A sudden surge in coronavirus cases in America, Europe and UK is threating the precarious balance achieved on the last months. For those thinking of buying in a different country and with a different currency this situation is really difficult.
The increasing travel bans and quarantines imposed are making viewing trips a real challenge.
This situation is also affecting the exchange rates, creating a real threat for the budgets and making planning and forecasting really difficult.
It is time to be cautious and try to protect your transaction, but what can you do to make sure the volatility of the exchange rate and the general uncertainty of the market don’t jeopardise your purchase?
If you haven’t done so yet, you should get in touch with a foreign exchange specialist like moneycorp. Opening an account with them is really easy and free of cost or obligation. Once registered you would have access to a variety of tools to help you plan the best way to exchange your funds for your purchase. Some of the benefits include:
Currency updates– with moneycorp you can sign up to receive daily updates on the rates and even rate alerts to make sure you don’t miss any opportunity.
Watch order- They will monitor the markets for you and notify you of any relevant fluctuations to your transaction.
Market order- An automatic purchase of currency if a specified rate is hit in the market – so you never miss a beat.
Forward contract- This allows you to fix a rate of exchange in advance of a payment –up to 2 years. This tool is very popular among property buyers as allows them to fix the whole price of the property ahead of completion giving them the peace of mind and the certainty of how much they are going to pay for the property. But it is also a great way to take advantage of a positive rate movement.
But you might be overwhelmed about the situation and need to have some guidance and what is the best solution for you. As with all FrenchEntree clients, moneycorp also provide the best possible service, understanding that the circumstances of each client and therefore need truly personal guidance throughout the transaction.
Moneycorp also has an online platform which allows you to book and manage any payment 24/7.
Opening an account for them is really easy and free of cost or obligation and with FrenchEntree there is no transfer fees on your payments.
With a Platinum Trusted Service Award 2020 from independent review site Feefo and 40 years of experience in the industry, FrenchEntree has been recommending moneycorp for more than 15 years. During this time they have helped thousands of client planning the best way to pay for their property as well as supporting them afterwards with any further payment from paying bills, mortgages to repatriating UK pension payments for those who have retired to France.
Furthermore, we have worked with the same person at moneycorp for more than a decade! You might be familiar with her as she often writes for our FrenchEntree magazine. She has 13 years experience in foreign exchange plus she is a qualified European lawyer with experience in European transactions. Mar will be happy to answer any questions or enquiries to support you through this difficult times.
Open a free account today by clicking here.
Contact moneycorp at 020 3773 6355
Send your enquires to Mar at [email protected]